Brexit secretary warns of general election risk if MPs vote for softer Brexit March 24, 2019 Brexit secretary Stephen Barclay has warned the risk of a general election could be escalated if MPs vote for a softer Brexit next week. Barclay admitted a series of indicative votes planned in Parliament would not be binding and could be ignored by the government. Read more: Thousands join Brexit march calling for second EU [...]
Barclays director Chris Pilling surprise candidate to become new FA chief March 23, 2019 Barclays director Chris Piling is one of the final candidates in the race to take over as chief executive of the Football Association, according to Sky News. Piling is a leading contender to replace Martin Glenn at the FA but faces competition from Mark Bullingham, the current chief commercial and football development officer at the [...]
Donald Tusk says ‘anything could be possible’ after EU agrees Brexit delay March 22, 2019 European Council president Donald Tusk said the extension of Article 50 agreed last night at the EU summit in Brussels meant any Brexit outcome was possible. Tusk told a press conference on the second day of the summit that the delay of the Brexit date until 12 April meant "anything could be possible: a deal, [...]
Ladbrokes chairman to step down after selling thousands of shares March 22, 2019 Ladbrokes's parent company is on the lookout for a new chairman weeks after the incumbent angered investors by selling £6m in shares. Lee Feldman, who has chaired GVC Holdings since 2008, is close to leaving after new rules limiting the term of chairmen to nine years, the company has confirmed to City A.M. Read more: GVC [...]
Debenhams share price crashes as it asks shareholders to risk equity on £200m loan March 22, 2019 Debenhams’ shares tanked this morning as it asked investors to sign off a £200m funding lifeline that could lead to shareholders’ equity being wiped out. Read more: Debenhams on the verge of sealing £200m funding from lenders The £200m funding would prevent the embattled department store chain from falling into the hands of billionaire Mike [...]
Debenhams on the verge of sealing £200m funding from lenders March 22, 2019 Debenhams is close to receiving a £200m lifeline from lenders that would prevent the department store falling into the hands of largest shareholder Mike Ashley. A deal finalising its borrowing facilities, which are larger than expected, could be announced as soon as today, according to Sky News. Read more: Levi shares soar as jeans retailer makes stock market [...]
Rolls-Royce boss Warren East to leave Dyson board as vacuum maker moves into electric car market March 21, 2019 Rolls-Royce chief executive Warren East is to step down from the board of Dyson, where he has served as a non-executive director for six years. Dyson this morning confirmed East would leave the board, meaning the vacuum cleaner manufacturer will be without one of the world’s foremost engineering business experts as it tries to move [...]
How to make money by doing nothing March 21, 2019 Owning a home in the capital is already the best financial decision you will ever make. But did you know your property could earn its own income, even while you’re living in it? Whether you own a terrace house in Tufnell Park or a pied-a-terre in Pimlico, holiday home rental site HomeAway can help turn [...]
Openreach calls on providers to set plan for full-fibre rollout March 21, 2019 Telecoms giant Openreach has launched a consultation to agree a plan for retiring the UK’s copper lines as it looks to begin the rollout of a new full-fibre network. Openreach is seeking opinions from broadband and telephone providers such as BT, Talktalk and Sky on how customers can be upgraded from existing copper connections to [...]
May tells public ‘I’m on your side’ as she calls for Brexit date extension March 21, 2019 Theresa May last night conceded that any delay to Brexit was “a matter of deep personal regret” as she used a live Downing Street address to pile pressure on MPs to back her unpopular deal. Speaking from Number 10, the Prime Minister said the public has “had enough” of the Brexit debate and wanted politicians [...]