Gutterball: Bowling alley firm postpones flotation plans after Brexit July 3, 2016 A bowling alley firm has pushed back its plans to float on the stock market following last month’s Brexit vote. Hollywood Bowl had planned to launch an initial public offering (IPO) this month. But the plans have now been pushed back towards the end of the summer. Elsewhere, Sky News reported that NewDay, which provides store cards [...]
Former Labour leader Neil Kinnock tells Jeremy Corbyn to resign July 3, 2016 Former Labour leader Lord Kinnock has urged Jeremy Corbyn to give up his battle to remain as leader of the party in the face of overwhelming opposition from Labour MPs. Kinnock, who lost to John Major in the 1992 general election, also said Corbyn would have to secure the backing of at least 50 MPs [...]
Michael Gove promises crackdown on executive pay if he succeeds David Cameron in Conservative leadership race July 3, 2016 Michael Gove has promised to tackle the scandal of the "undeserving rich" and crack down on executive pay as he steps up his campaign in the Conservative leadership race. The justice secretary said he will look at "radical" solutions to stamp out excessive corporate pay in an attack which could raise concerns in City boardrooms. Speaking to [...]
Andrea Leadsom takes side-swipe at Conservative leadership rival Theresa May July 2, 2016 Would-be Tory leader Andrea Leadsom appears to have taken a side-swipe at frontrunner Theresa May as she tries to consolidate her position as the pro-Brexit candidate in the Conservative leadership race. Leadsom has said the Conservative premiership must be a supporter of Brexit, not someone "who is reluctantly following the wishes of the people". The thinly-veiled attack on May – [...]
May steams ahead in Tory leadership race July 2, 2016 Theresa May has consolidated her lead in the Tory leadership race, as it emerged nearly one hundred Conservatives back the Home Secretary's bid for the top job – as Andrea Leadsom sneaked ahead of pro-Brexit rival Michael Gove. Ninety-six MPs voiced their support for May on Friday evening, with 160 yet to declare their voting intentions. [...]
US National Highway Traffic Safety Administration launches investigation after Tesla driverless car death July 1, 2016 A preliminary investigation has been launched after the death of a man in Florida who was driving a Tesla Model S car on autopilot mode. The crash with a tractor occurred on 7 May and is the first known fatality in more than 130m miles where Tesla's autopilot setting has been activated, the electric car maker said [...]
Easyjet confirms it has kicked off process to gain certification elsewhere in Europe after Brexit vote July 1, 2016 Budget airline Easyjet has confirmed that has kicked off the process to gain an air operator certificate (AOC) elsewhere in Europe, following the UK's vote to leave the EU. The company was responding to reports that it was in talks about moving its headquarters away from the UK. "As part of Easyjet’s contingency planning before the [...]
Mike Ashley is looking to make himself the chairman of Findel July 1, 2016 Sports Direct boss Mike Ashley is looking to become chairman of gift retailer Findel, a company Sports Direct owns a 30 per cent stake in. Sky News reported Ashley is talking to the board of Findel about the move over the past few weeks. Ashley, who recently admitted to MPs that he couldn't control Sports [...]
South Africa posts record trade surplus after exports of precious metals and stones sky-rockets June 30, 2016 South Africa reported a whopping R18.7bn (£928m) trade surplus today, outdoing expectations. Exports rose 14 per cent to R104.7bn on a month-on-month basis, driven by a 49.1 per cent increase in precious metals and stones and a 10.4 per cent increase in mineral products exports. Imports were down 6.6 per cent to R86bn, the South African Revenue Service [...]
Boris Johnson pulls out of Conservative leadership race – leaving Theresa May odds-on to become next Tory leader June 30, 2016 Boris Johnson has announced he will not seek the Tory leadership, after weeks of speculation that the former London mayor was hoping to become the next Prime Minister. "Having consulted colleagues and in view of the circumstances in parliament I have concluded that [the next Conservative leader] cannot be me," he said in a speech at [...]