Trade secretary Liam Fox admits the UK may have ‘no option’ but to delay Brexit March 3, 2019 Trade secretary Liam Fox has conceded that the UK may have "no option" but to extend the date on which it leaves the EU, as the government battles to avoid another parliamentary defeat over its Brexit deal. Fox, a Brexiter, said the while he wanted Britain to leave the EU on the scheduled departure date [...]
Former RBS executive John Hourican to return to UK as NewDay CEO March 2, 2019 Former Royal Bank of Scotland (RBS) executive, John Hourican is set to return to UK and join credit card company NewDay as chief executive. NewDay is a consumer finance firm that runs co-branded credit cards with retail giants like Debenhams, Amazon and Sir Philip Green's Arcadia Group. Read more: Revolut outage: Digital bank's customers unable to [...]
President of Slovenia backs Brexit extension, adding ‘a lot’ more EU states would do the same March 2, 2019 The President of Slovenia has said his country and many others in the EU would be open to an extension of the Brexit leaving date. Prime Minister Theresa may this week said MPs would get a vote over whether to ask for an extension to Britain’s March 29 exit date for more negotiation if her [...]
LK Bennett lines up administrator with 500 jobs ‘at risk’ March 1, 2019 Fashion chain LK Bennett has filed for administration as it attempts to find a way to stay afloat. The retailer has selected EY as an administrator for the business, Sky News first reported, which will oversee its insolvency if no new investment can be found. Read more: Revolution Bars issues profit warning amid 'challenging' conditions [...]
Rolls-Royce turbulence finally nearing an end February 28, 2019 On the the face of it, aircraft engine manufacturer Rolls-Royce looks to be stuck on the runway. Shares fell 2.5 per cent yesterday as it reported £2.9bn total losses in 2018. These were largely down to long-running mechanical problems which have grounded one of British Airways’ new Boeing 787 Dreamliner jets at Heathrow airport for [...]
Customers can walk out of slow broadband contracts, Ofcom’s new rules say February 28, 2019 Broadband firms will have to be more honest about connection speeds before customers sign new contracts under new rules coming into force tomorrow. Read more: Ranked: The phone and broadband providers with the most complaints Regulator Ofcom's new protections will mean broadband providers have to give customers a minimum guaranteed speed at the point of sale. [...]
Labour suspend Corbyn-ally caught in antisemitism row after pressure from MPs February 27, 2019 A Labour MP who claimed the party had been “too apologetic” about antisemitism has been suspended after a stand-off between leading figures. Chris Williamson. MP for Derby North, made the comments at a meeting of a branch of the pro-Jeremy Corbyn group Momentum in the wake of nine Labour MPs quitting the party last week. After [...]
Video killed the radio star – is it TV’s turn for the chop? February 27, 2019 I read the news about the proposed merger of BBC and ITV today with interest. The new service – apparently called ‘Britbox’ – will reportedly cost around £5 a month. Just last week, I interviewed outgoing CEO of UKTV, Darren Childs, for my Media Masters podcast, where we discussed the future of television and the [...]
US alternative asset management firm Ares to lend £1bn to Daisy Group for minority investor buyout February 26, 2019 US asset management firm Ares will invest more than £1bn in business telecoms firm Daisy Group to allow the firm's founder Matthew Riley to buy out a minority investor. The investment will also be used to refinance the company’s existing credit facilities, and will support the firm’s future growth plans. Read more: Daisy calls FTSE [...]
This time with Alan Partridge: Lessons from the great man February 25, 2019 I'm fairly certain that whatever the creators of Alan Partridge intended for him, it wasn’t to provide guidance for businesses. He has, however, become an unlikely icon, and when he eventually passes to the tiny studio in the sky, he’ll be granted a period of national re-runs. Many brands also aspire to becoming “iconic”, so [...]