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 [...]
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 [...]