When will Article 50 be triggered? Probably not this year, according to the bookies June 30, 2016 Although the electorate have signalled their intent to leave the European Union, one big question remains in Westminster, the City, across Europe and even further afield: When will the UK actually break away? This comes down to the crucial matter of Article 50 – the clause which sets the clock ticking on a two-year timetable [...]
“Brexit means Brexit”: Theresa May has formally thrown her hat into the Tory leadership race – backed by Jeremy Hunt June 30, 2016 We knew it was coming – but this morning home secretary Theresa May formally joined the leadership race for the Conservative Party. Jeremy Hunt, who had widely been expected to throw his hat into the ring, gave his backing to May instead That followed announcements by Michael Gove and Andrea Leadsom this morning. Liam Fox and [...]
Turkey producer on the hunt for bootiful new owner June 29, 2016 Turkey producer Bernard Matthews has reportedly begun searching for a new owner. The company, best known for its ‘bootiful’ catchphrase in adverts, is currently owned by Rutland Partners. Read more: Rutland gobbles up a stake in turkey firm Bernard Matthews Sky News first reported that Rutland has appointed advisers at PricewaterhouseCoopers (PwC) to find potential [...]
New chair of UK pensions lifeboat set to be named amid BHS and Tata crises June 29, 2016 A new chairman is set to be named for the UK’s Pension Protection Fund (PPF) on Thursday. The Department for Work and Pensions is believed to have picked one of its existing board members to replace Lady Judge, who is stepping down after six years. Read more: Now the PPF warns possible amends to steel pensions could [...]
Sky launches bundle to give Netflix the chills June 29, 2016 Broadcaster Sky is moving into direct competition with streaming upstarts like Netflix with a contract-free online TV, internet, and phone bundle. Sky’s digital service, Now TV, was launched in 2012 and has recently come under pressure from Netflix and Amazon’s TV and movie streaming service Prime Video. Netflix works on a rolling monthly subscription, while [...]
Edi Truell to make bid for Tata UK in the next two days June 29, 2016 Leading City financier Edi Truell has confirmed he will make a bid for Tata Steel's UK assets within the next 48 hours. He told Sky News that, contrary to popular belief, Brexit would benefit the UK steel industry. This is partly due to its improved ability to compete with subsidised German and French industries. Earlier today, Truell told City [...]
Explosions rock Istanbul airport: At least 41 dead and dozens injured June 29, 2016 A Turkish official has said Islamic State (Isis) is likely responsible for a triple suicide bombing attack which killed at least 41 people and left many more wounded at Ataturk Airport in Istanbul, Turkey, on Tuesday. Officials have said that 23 Turkish citizens and 13 foreign nationals were killed in the attacks. Turkey's Prime Minister Binali Yildirim said three suicide [...]
Tobacco companies remain an addiction for stock market investors – and Brexit gave them a boost too June 29, 2016 Cigarette companies have been under the cosh for years as Western governments try to stamp out addiction to cancer sticks. But the anti-smoking lobby has failed on one count – to sufficiently dent the fortunes of tobacco companies on the stock market. Despite the battering the UK stock market has taken since Friday’s Brexit announcement, shares [...]
Hundreds of UK jobs at Visa could be moved after Brexit June 28, 2016 Visa could be pushed into relocating hundreds of UK jobs to other European countries following last week’s Brexit vote. The move could be forced by an agreement in the recent £17.5bn takeover of Visa Europe by its sister company in the US. Read more: Britons started looking for jobs abroad as soon as the Brexit [...]