Labour’s in a hole and it just keeps digging July 25, 2016 This is the time of year when the City starts to feel a little quieter. Indeed, the desire to find a bit of post-referendum down-time is likely proving irresistible. But spare a thought for one group of people who are already dreading the return to work: Labour MPs. Their party will spend the summer locked [...]
Watchdog set to crack down on BT’s Openreach July 25, 2016 The telecoms watchdog Ofcom will tomorrow unveil new service targets and reforms for BT’s infrastructure arm Openreach. The latest step in Ofcom’s long-running Strategic Review of Digital Communications is expected to result in further autonomy for the division but will stop short of full separation. Ofcom will tomorrow morning open its interim findings to consultation — [...]
Briton Chris Froome seals historic third Tour de France title and targets the haul of five-time winners Jacques Anquetil, Bernard Hinault, Eddy Merckx and Miguel Indurain July 24, 2016 Euphoric Briton Chris Froome vowed to make further headway on the overall list of Tour de France race winners after his coronation as a three-time winner was confirmed in Paris. The 31-year-old crossed the finish line on the Champs-Elysees shortly behind the peloton, arm-in-arm with his team-mates, to secure victory by four minutes and five [...]
Former shadow chancellor Chris Leslie blasts “ludicrous” MI5 theories on Labour’s troubles July 24, 2016 Former shadow chancellor Chris Leslie has launched a scathing attack on a senior member of Labour's treasury team after they refused to rule out MI5 involvement in the party's troubles. Unite secretary general Len McCluskey suggested on Friday that intelligence services could be using “dark arts” against the current Labour leadership. Questioned on the comments on Sky News, [...]
Sky expected to unveil profit leap as it readies mobile market entry July 24, 2016 Broadcaster Sky is set to post a jump in full year profits this week as well as further details for its planned entry to the mobile phone market. Sky will report a 13 per cent rise in profit to £1.35bn for the 12 months to the end of June on Thursday while its long-expected move in to [...]
F1 accelerates to record valuation of £6.4bn on back of Sky deal and new race in Mexico City July 24, 2016 THE value of Formula One accelerated 8.8 per cent to a record £6.4bn in the first three months of this year according to an independent valuation commissioned by Ferrari. It sets a high barrier for potential suitors of the sport which are understood to include investment firm China Media Capital and RSE Ventures, owner of [...]
Chris Froome prize money: Team Sky rider on verge of Tour de France victory – but how much will he earn? July 23, 2016 Chris Froome has all but secured a third Tour de France title ahead of the final stage in Paris, and his reward for being the first Briton to achieve such a feat will be fittingly lucrative. The Team Sky rider has a seemingly insurmountable lead over Romain Bardet of four minutes and five seconds following a wet penultimate [...]
Munich shopping centre attack: What we know so far about last night’s shooting July 23, 2016 Yesterday evening a shooter opened fire on shoppers at the Olympia-Einkaufszentrum mall in Munich's north-western suburb of Moosach. Police said this afternoon the attack was not a terrorist incident and was in fact a "classic shooting rampage". It was initially suspected to be a terrorist attack, heightened by another incident in Bavaria this week in which [...]
Smooth sailing: Risk Capital Partners set to sell Cruise.co.uk to Bridgepoint Development Capital July 22, 2016 Online cruise booking firm Cruise.co.uk is about to set sail from one private equity firm… to another. Risk Capital Partners, of which serial entrepreneur Luke Johnson is chairman, is in talks to sell Cruise.co.uk to Bridgepoint Development Capital for a reported £50m. A deal could be struck and made public as soon as next week, Sky [...]
These are the most complained about airlines July 22, 2016 The worst offending airlines and airports of the year have been revealed, and you guessed it, easyJet and Ryanair have topped the charts. The internal data from EUclaim showed the most complained about British airlines, revealing the number of people seeking compensation against Ryanair has more than doubled in the last year. During the period [...]