IMF warns time has run out for no-deal Brexit preparations September 17, 2018 The International Monetary Fund (IMF) today warned that the government has run out of time to prepare fully for a no-deal Brexit, saying it would impose “substantial costs”on the British economy. Christine Lagarde, the IMF's managing director, said that a no-deal Brexit risks a "reduction of the size of the UK economy", with a larger [...]
British Steel secures £90m in fresh debt funding from US investors July 16, 2018 Providing hope to an industry rattled by heavy tariffs imposed on US imports and Brexit trade deal uncertainty, Scunthorpe-based British Steel has landed £90m in debt funding from US investor White Oak Global Advisors. The new financing, first reported by Sky News last night, will be announced alongside the company’s hotly anticipated full year results [...]
From towering glaciers to barnacle-encrusted whales, Lizzie Pook heads to unexplored east Greenland to learn how to capture this wild land on camera November 5, 2018 Spend enough time in the Greenlandic wilderness and everything starts to take on a cinematic quality. Inky waters roiling with dolphins seem like they should be scored by the soaring strings of an orchestra. Cathedral-sized icebergs, like colossal sparkling geodes, pass gracefully in the manner of silent film stars. Everything looks like opening credits; a [...]
Hammond has taken the first tentative steps towards fixing the housing crisis October 31, 2018 How do you solve the housing crisis in a single Budget? You can’t, of course – not with Brexit looming and a Prime Minister demanding that you both signal the end of austerity and reduce the UK’s national debt at the same time. But housing policy is the one single issue that personally and radically [...]
British Steel secures £90m in fresh debt funding from US investor White Oak Global Advisors | City A.M. July 16, 2018 Providing hope to an industry rattled by heavy tariffs imposed on US imports and Brexit trade deal uncertainty, Scunthorpe-based British Steel has landed £90m in debt funding from US investor White Oak Global Advisors. The new financing, first reported by Sky News last night, will be announced alongside the company’s hotly anticipated full year results [...]
Don’t let healthy scepticism about China become paranoia February 4, 2019 With Britain looking so intently at itself in the mirror of the Brexit debate, we are missing something important at the other side of the world. The China slowdown is the most important single factor in the bad news that keeps coming out of Jaguar Land Rover, and it is causing many other companies to reassess [...]
Shares fall as BA investigates data breach affecting 380,000 card payments September 6, 2018 British Airways has admitted that hackers stole customer data from its website and mobile app over the last two weeks. Shares in International Airlines Group, of which BA is a subsidiary, have fallen more than 2 per cent this morning as the airline launched an investigation into the theft, which it said affected at least [...]
M&S, Tesco and Primark bosses to face MPs over fast fashion ‘waste’ October 5, 2018 Parliament's environmental audit committee has asked the bosses of 10 UK clothing retailers to reveal their environmental records, amid concerns about serial clothes dumping. High street staples Marks & Spencer, Primark, Next, Tesco, Asda and Sports Direct – among others – will also be summoned to parliament to face questions from the committee in November. Fast fashion is shorthand [...]
More than a year after the British Virgin Islands were devastated by Hurricane Irma, this paradise is finally leaving recovery mode. Simon Miller sails its beautiful coastlines January 11, 2019 On 6 September 2017, hurricane winds of up to 215mph battered the British Virgin Islands. The strongest winds ever to have made landfall all but destroyed the islands, and resilient locals were faced with rebuilding their lives and communities. During the hurricane, Sunsail’s BVI base at Tortola was totally destroyed. Dozens of boats were ripped [...]
Horse Racing Betting Tips: Coronet to upset stablemate and take fillies’ crown October 18, 2018 TRAINER John Gosden has dominated the current Flat season and it would be no surprise if that trend continues at Ascot tomorrow. His Ascot Gold Cup winner Stradivarius is the odds-on favourite to land the opening QIPCO British Champions Long Distance Cup (1.25pm) and win his fifth successive race of the campaign. The likelihood is [...]