Oman Air beats British Airways to top Heathrow’s greenest airlines league March 18, 2019 Oman Air has topped Heathrow Airport's league of green and quiet airlines, beating rivals such as British Airways and Etihad Airways. Oman's flag carrier landed itself at the top of the league after it phased out its older aircraft and replaced it with the ultra-quiet and green Boeing 787 dreamliner. The Heathrow "fly quiet and [...]
Revealed: The broadband provider most likely to cut you a better deal March 18, 2019 Consumers have long discussed the craftiest ways to negotiate the best deal from their broadband providers. But new research from check and challenge site Ismybillfair.com has revealed how likely broadband providers are to cut you a better deal. Read more: Satellite firm Inmarsat boosts revenue due to in-flight broadband demand According to the survey, Virgin [...]
Vote Leave chief urges MPs to back Theresa May’s deal as Brexiters start to turn March 17, 2019 The head of the Vote Leave campaign has urged MPs to swing behind Theresa May’s withdrawal agreement, saying Brexit has “never been at greater risk”. Matthew Elliott, the former chief executive of the official Brexit campaign that had the backing of Michael Gove and Boris Johnson, said the UK’s departure from the European Union “probably won’t [...]
Rival outsourcers could buy out Interserve services business as Mitie makes inquiries March 17, 2019 Interserve’s uncertainty continued over the weekend as rivals expressed an interest in buying the most profitable part of its business. It is understood fellow outsourcer Mitie contacted Interserve’s administrator EY over the weekend, as well as a consortium of banks and hedge funds which now own the firm, about buying its support services arm. Read [...]
Labour hits back at social media giants over Christchurch attack footage March 17, 2019 Social media firms must be better at reacting quickly to take down live broadcasts, Labour leader Jeremy Corbyn has said today. A gunman attacked two mosques in Christchurch, New Zealand on Friday, killing 50 Muslims. He live-streamed the attack on Facebook for 17 minutes, with footage of the event quickly spreading to other platforms such as [...]
Jeremy Corbyn says Labour will force another no confidence motion if May’s Brexit deal is defeated again March 17, 2019 Labour leader Jeremy Corbyn has said the party could force another no confidence motion in the government if it fails to get Theresa May's Brexit deal across the line for a third time. Corbyn said he thought it was likely that the May's Brexit deal would voted down and that the government's strategy was to [...]
UK’s biggest travel booking app Trainline considers £1bn flotation March 16, 2019 Rail ticket booking platform, Trainline, is moving toward a £1bn stock market listing that could take place within the next few months. The company is looking at an initial public offering as its preferred option after being approached by private equity firms, according to Sky News. Read more: Patisserie Valerie overstated financial position by £94m, [...]
Sir Philip Green set to axe jobs and stores in vast Arcadia restructure March 15, 2019 Sir Philip Green is set to close vast numbers of Top Shop, Dorothy Perkins and Miss Selfridge in a huge restructure of his Arcadia retail empire, it is reported. Read more: Philip Green closes 210 Arcadia stores over two years The high street billionaire is preparing a company voluntary arrangement (CVA) that could result in [...]
Brexit vote live: MPs vote to delay Brexit by extending Article 50 beyond 29 March March 14, 2019 Hello and welcome to City A.M.’s Brexit live blog for the second of potentially three huge votes on the UK’s departure from the EU. Prime Minister Theresa May was defeated in the House of Commons in a second vote on her Brexit deal on Tuesday, losing by 391 votes to 242. Last night, MPs voted [...]
Mortgage finance hub Lendinvest targets £500m London listing March 14, 2019 Online property finance marketplace Lendinvest has reportedly appointed advisers for a potential £500m float. Lendinvest has appointed corporate finance firm Lazards to advice on a listing, Sky News reported. It is set to appoint a syndicate of banks for a float that could happen as soon as this year. Sky reports that the banks are [...]