Huawei to sell undersea cable business amid trade feud with US June 3, 2019 Huawei is set to sell its undersea telecoms cable business to a Chinese fibre optic cable manufacturer in the troubled tech firm’s first major deal since the escalation in its feud with the US. In a filing to the Shanghai Stock Exchange, cable giant Hengtong Optic-Electric said it had signed a letter of intent with [...]
Pawning the family treasure: Rare chess piece set to fetch up to £1m June 3, 2019 A rare and long-lost medieval chess piece could fetch up to £1m at an auction in Edinburgh tomorrow. Sotheby’s is putting a Lewis Chessman piece up for sale some 55 years after it was snapped up by an eagle-eyed Edinburgh antiques dealer for £5. Read more: David Hockney's pool painting breaks record for living artist [...]
Matalan boosts revenue despite ‘tough retail climate’ June 3, 2019 Budget fashion brand Matalan boosted profits and revenue last year despite a “tough” retail climate which has seen other retailers forced to launch store closure programmes. The figures Revenue was £1.1bn in the year to 23 February 2019, up from £1.06bn in the previous year driven by a 31 per cent rise in online sales. [...]
Donald Trump’s UK state visit: What the US President’s itinerary looks like June 3, 2019 President Donald Trump and First Lady Melania Trump arrived in London shortly before 9am on Monday, 3 June for Trump's UK state visit. Over the next three days Trump will meet the Queen along with other royals including the Prince of Wales and Prince Harry, before a round of political talks with Prime Minister Theresa May and [...]
What does Boris Johnson have in common with Oscar Wilde? A brief history of private prosecutions June 3, 2019 Former foreign secretary Boris Johnson has been told that he will face court as part of private prosecution brought against him for his conduct in the Brexit campaign. Suddenly, this obscure legal mechanism is in the public spotlight. Indeed, many people may not even have been aware that private prosecutions still existed in modern Britain. [...]
Ineos billionaire Sir Jim Ratcliffe pours $2bn into Saudi Arabia manufacturing hubs June 3, 2019 British energy giant Ineos is set to sink $2bn (£1.6bn) into its very first manufacturing plants in Saudi Arabia. Read more: Ineos hints it could pull out of UK fracking market Owner Sir Jim Ratcliffe called the decision “a major milestone that marks our first investment in the Middle East”. The deal comes after Ineos [...]
No one-trick pony: How Polo in the Park has brought the sport to the masses June 3, 2019 In 2009, when City workers emerged bleary-eyed and hungover from the financial crisis, partying definitely wasn’t on the priority list. But London’s sombre mood didn’t dissuade Daniel Fox-Davies, who had grand ideas about creating a massive summer social event. The entrepreneur approached his friend Rory Heron to ask if he would work with him on [...]
Sajid Javid unveils £100bn plan to reboot economy June 2, 2019 Home secretary Sajid Javid has unveiled plans to borrow £100bn to reboot the economy as he became the latest Tory leadership hopeful to set out his stall in the contest to replace Theresa May. Javid’s national investment fund sits alongside proposals to slash the top 45p rate of income tax for top earners. The national [...]
England v Pakistan: Hosts set to unleash Mark Wood and Jofra Archer in all-out pace barrage June 2, 2019 Trent Bridge has in recent years become a cricket ground associated with one thing and one thing only: runs, and lots of them. Over the last four years it has been the highest-scoring venue in England and Wales, with an average one-day international run-rate of 6.98 per over, its true, even-paced pitch and short boundaries [...]
Boeing planes may have ‘improperly manufactured’ parts, US authorities reveal June 2, 2019 Boeing's grounded 737 Max plane may have flaws in its construction, US regulators said this evening. The Federal Aviation Administration said that the plane maker had discovered potential problems with the leading edge slat tracks on the plane and the 737 Next Generation. The leading edge slats are flaps on the front of a wing which allow [...]