Retail shareholders hold out for better deal in RBS lawsuit December 4, 2016 A subset of shareholders suing RBS over how it handled a financial crisis fundraising are holding out for a better deal, despite other investors closing in on an out of court offer. Shareholders are currently due to face off against the bank in court next March, claiming the lender misled them into taking part in a 2008 [...]
The comeback Clegg? Ex-Lib Dem leader is confident of party’s return December 4, 2016 Riding high on his party winning the Richmond Park by-election, former Liberal Democrat leader and deputy PM Nick Clegg has expressed his confidence that it is recovering from nearly being wiped out at last year's disastrous General Election. "It's in many different parts of the country where the Liberal Democrat fortunes appear – appear – to [...]
BT boss on Ofcom: “I don’t think they are trying to break the company up” December 4, 2016 BT has played down damning action by the telecoms watchdog to split up the company for failing to address competition concerns. Chairman Sir Mike Rake has insisted that Ofcom is not trying to break-up the telecoms firm, just days after the regulator said it was pushing forward with plans to legally separate its Openreach broadband infrastructure division. Rake denied that Ofcom was calling [...]
Labour will put forward an official amendment to the Article 50 bill on market access, says Jeremy Corbyn December 3, 2016 Labour leader Jeremy Corbyn has said that his party will put down an official amendment to the Article 50 bill. If the Supreme Court allows a debate in parliament, Labour will go forward with a proposed amendment that will aim to ensure Britain maintains access to Europe's markets, workers' rights and environmental protection measures. Read [...]
KPMG boss Simon Collins won’t be seeking re-election after five year tenure December 1, 2016 KPMG's UK boss will step down in March after five years at the helm of the accountancy giant. Simon Collins told fellow partners of his plans on Thursday and is expected to put his hat in the ring to step up and lead the global network of the firm, according to reports by Sky News. Read more: [...]
Boris Johnson rubbishes claims that suggest he is “in favour” of free movement November 30, 2016 Boris Johnson has reportedly said that he is in favour of freedom of movement. The foreign secretary has told as many as four EU ambassadors that he supports the right of EU workers to move between nations, Sky News has reported. One ambassador told Sky News: "(Boris Johnson) told us he was personally in favour [...]
Team Sky star-signing urges public to look at the facts in Wiggins saga November 30, 2016 An Olympic gold medalist team-mate and new Team Sky signing has hit back at criticism of Tour de France winner Sir Bradley Wiggins. Owain Doull said the outrage surrounding Wiggins’s controversial use of therapeutic use exemptions (TUEs) on the run-up to his 2012 Tour de France victory had been “blown out of all proportion”. Wiggins’s [...]
Virgin Media catches up to rivals with its first 4K TV set-top box November 30, 2016 After much teasing and trailing, Virgin Media has finally launched its first ultra HD 4K TV set-top box. Virgin – whose owner Liberty gave the company its backing post-Brexit vote – is joining the likes of rivals Sky and BT in pushing 4K content to the masses, offering four times the resolution of high definition broadcasts. The TV [...]
British industrial veteran enters race for Tata chairman top job November 29, 2016 Sir George Buckley, the chairman of FTSE-100 engineer Smiths Group, could be appointed chairman at Indian conglomerate Tata. Sky News reported that last night that Buckley has been approached about replacing Cyrus Mistry, who was ousted from the chairmanship of Tata Sons last month – before getting in to a public spat with Tata executives. Sir [...]
Football Association chiefs admit it is in crisis following child sex abuse allegations but defend decision not to launch full-scale independent inquiry November 29, 2016 Football Association chiefs have defended their handling of revelations of wide-ranging child abuse in the English game. Chairman Greg Clarke conceded that the scandal had plunged the FA into the biggest crisis he could remember but insisted that the governing body had “acted very quickly” to launch an internal investigation. Clarke added that the FA [...]