Fintech unicorn Monzo to appoint former Northern Rock boss to banking board January 8, 2019 Digital bank Monzo has appointed the former head of failed bank Northern Rock to its board, as the startup aims for growth in 2019. The fintech firm is to announce Gary Hoffman as its non-executive chairman tomorrow, as first reported by Sky News, replacing Baroness Kingsmill who has chaired Monzo since 2015. Hoffman will bring [...]
UK not looking to delay Article 50, says Brexit secretary Stephen Barclay January 8, 2019 The UK is not looking to extend Article 50, Brexit secretary Stephen Barclay has said, rebuffing reports that officials were seeking to move the 29 March deadline date. The Telegraph reported that British and European officials are discussing the possibility of extending Britain’s formal notice to withdraw from the EU. “The government’s policy is clear [...]
Labour and Conservative MPs join forces to attempt to block a no-deal Brexit by stripping government of powers January 8, 2019 Labour and Tory MPs have teamed up to table an amendment that seeks to force the government to rule out a no-deal Brexit. Conservative backbencher Nicky Morgan and Labour MP Yvette Cooper’s proposed amendment to the Finance Bill would limit the government’s spending powers if the UK leaves the EU with no agreement. It reportedly [...]
SFO scales back probe into Rolls-Royce January 7, 2019 The Serious Fraud Office (SFO) has dropped its investigation into a number of individuals associated with British engineering giant Rolls-Royce. Sky News originally reported that a number of people who were suspects in the SFO's investigation have been informed that they are no longer under investigation. Rolls-Royce entered into a deferred prosecution agreement (DPA) with the SFO [...]
Watchdog plans for audit sector shake-up set to draw backlash from businesses January 6, 2019 Finance bosses at some of Britain’s largest FTSE companies are set to hit out at new proposals put forward by the UK’s competition regulator, it emerged this evening. Plans by the Competition and Markets Authority (CMA) to make publicly listed firms appoint two sets of auditors are expected to receive a harsh backlash from a [...]
Rothesay plans £3.5bn takeover of Swiss Re division January 5, 2019 Insurance company Rothesay Life is planning a £3.5bn takeover bid for a unit of Swiss Re, derailing plans to list it on the stock market. Rothesay approached reinsurance firm Swiss Re a few weeks ago about the possibility of buying ReAssure, the company's British closed books division, according to Sky News. The company plans to a make a [...]
Former chiefs of UK’s nuclear body launch legal action over Magnox fiasco January 5, 2019 The former bosses of the UK’s nuclear body are caught in a legal battle over an investigation into the botched handling of the Magnox nuclear decommissioning contract. The former chairman of the Nuclear Decommissioning Authority (NDA) Stephen Henwood and the organisation’s former chief executive John Clarke are trying to block the publication of a critical [...]
A stay at Valsana Hotel in Switzerland, the geothermally powered Alpine retreat January 4, 2019 These days, a sense of wellbeing isn’t just about body and spirit but also about leaving a lighter carbon footprint. Which is why the new, eco-friendly Valsana Hotel is the perfect place to spend an Alpine spa weekend without feeling that you’ve given Mother Nature a battering. The Valsana is Switzerland’s first hotel to be [...]
Alexa: Tell me why I can’t have a flying car like in Blade Runner January 4, 2019 Bad news: it’s 2019, and that means we are now living through the year in which the original Blade Runner film was set. Released in 1982, Blade Runner has some interesting ideas about 2019. Yes, it’s a post-apocalyptic dystopian hellscape where sentient bioengineered robots (“replicants”) must be hunted down against a backdrop of a dying [...]
One of the USA’s most iconic hotels, Ocean House is famous for its timeless coastal experience dating back to the Victorian age January 3, 2019 With its fancy turrets, myriad windows and pastel-lemon façade, Ocean House is an imposing place. Found on the bluffs of Watch Hill, a well-to-do town in Rhode Island, on first appearances it’s a hotel that looks like a stuffy, Victorian grand-dame, fitted in an overblown crinoline dress, and exuding old-fashioned principles. In part, its looks [...]