Dominic Cummings lashes out at ‘rich Remainers’ as he sticks to 31 October Brexit deadline September 10, 2019 Boris Johnson’s chief adviser has vowed the UK will quit the EU on 31 October and lambasted media for speaking to “rich Remainers” in London. Dominic Cummings said he was “sure” the UK would leave the bloc on the current Brexit deadline of Halloween. Read more: Boris denied election again as parliament shuts up shop [...]
Cruz control has not been smooth sailing for British Airways September 10, 2019 To fly. To serve. It may be the tagline of one of the UK’s best known brands, but passengers of British Airways can be forgiven for grimacing at what has been dished out to them recently. In the past two years, BA customers have endured data leaks affecting more than 550,000, an IT meltdown which [...]
Sage kicks off sale of payments-processing business September 9, 2019 Sage has lined up bankers to find a buyer for its payments-processing arm Sage Pay. Investment bank Rothschild has been appointed to sell the business, which has around 50,000 small and medium sized business customers, Sky News reported. Read more: Sage shares fall as it warns of slipping license software sales It is unclear what [...]
Sports Direct’s Mike Ashley makes move for Links of London September 9, 2019 Retail magnate Mike Ashley is hoping to ramp up his high street spending spree after putting in an offer for troubled jewellery group Links of London. The Sports Direct owner is tabling a bid to snap up the retail outlet, according to Sky News, which has reported that Ashley is one of two final bidders [...]
British Airways strikes: Airline boss Alex Cruz blames ‘cynical actions’ of pilots for walkout September 9, 2019 British Airways chief executive Alex Cruz has blamed the “cynical actions” of its pilots’ union for a two-day strike that has left airport terminals empty. BA pilots who are members of the British Airline Pilots’ Association (Balpa) have begun a 48-hour walk-out in a dispute over pay and working conditions. Read more: Nearly all British [...]
Downing Street to ‘test to the limit’ anti no-deal Brexit law September 8, 2019 The scene is set for a dramatic showdown in Westminster next week after the government said it would “test to the limit” the anti no-deal legislation that could become law tomorrow. Boris Johnson has insisted he will never ask Brussels for an extension to the Brexit deadline, putting him at loggerheads with peers and MPs [...]
Goldman prepares to take iQ public in £2bn float September 8, 2019 The chair of Aston Martin, who has overseen a quartering of its share price since listing last year, is preparing to hit the markets with another firm. The owners of iQ Student Accommodation, which is chaired by Penny Hughes, are planning to take the company £3.5bn worth of assets public, Sky News reported. Goldman Sachs [...]
Thomas Cook in stand-off with pension scheme trustees over £900m rescue deal September 7, 2019 Thomas Cook’s pension scheme trustees are demanding improved terms to back a £900m rescue of the tour operator. The pension scheme is seeking equity in the restructured company, as well as funding guarantees from the new owners and a commitment to continue the existing annual contributions of more than £25m, according to Sky News. Read [...]
Opposition parties to block Boris Johnson’s snap General Election bid September 6, 2019 Labour and other British opposition parties have agreed not to back Prime Minister Boris Johnson’s calls for a General Election before the end of October, when the UK is due to leave the European Union. Jeremy Corbyn’s party, the Lib Dems, the SNP and Plaid Cymru have said they will vote against or abstain in [...]
Wework considers cutting its listing valuation by half September 5, 2019 Wework’s parent company is considering dramatically slashing the valuation it will seek when it sells shares on the public stock market for the first time. Read more: Wework adds woman to board after criticism ahead of listing New York-based the We Company is deliberating seeking a valuation of just over $20bn (£16.2bn), people with knowledge [...]