Goldman Sachs and UBS’s £1 RBS and Lloyds bank share sale fee baffles top MPs September 9, 2015 An influential committee of MPs was puzzled yesterday by the revelation that some of the City’s biggest firms had charged the government just £1 for handling the sale of shares in Royal Bank of Scotland and Lloyds. Top officials from UK Financial Investments (UKFI) – the body that manages the government’s stake in the lenders – [...]
Uber faces UK legal action from GMB union over driver employee rights July 29, 2015 The GMB union has launched legal action against Uber over the way it treats drivers. The union claims drivers should be considered employees and has a legal duty to provide them with working rights on pay, holiday, health and safety, and grievances. Uber considers drivers as self-employed "partners". Now GMB has instructed law firm Leigh [...]
Hats off for Ladies Day at Epsom June 5, 2015 THE SUN came out for Ladies Day at Epsom Downs Racecourse yesterday as 100,000 descended onto the hallowed ground for the first day of this year’s Investec Derby Festival. Among the champers and picnic baskets, a hotly contested battle was taking place for this year’s best dressed lady. The annual prize, this year sponsored by [...]
Pro-business Labour candidates? Blairite Liz Kendall may be Labour’s best bet at winning back business confidence May 21, 2015 With candidates lining up to take over Ed Miliband as the new Labour leader, divisions in the party are appearing as it digests the General Election. In the postmortem of Labour’s election defeat, many are arguing that it was the party's lack of an aspirational message and its perceived anti-business stance that put off voters. [...]
Who will the next Labour leader be? Six things you should know about new hopeful Andy Burnham May 13, 2015 Shadow health secretary Andy Burnahm is the latest MP to join the race for Labour leadership. The party had a dismal time at the General Election, winning just 232 seats and leaving the Conservatives with an overall majority. Ed Miliband resigned as leader the very next day, and various members of the party have [...]
Toulon primed to clinch first ever European hat-trick April 30, 2015 HARRY MADLEY PREVIEWS THE ALL-FRENCH EUROPEAN CHAMPIONS CUP FINAL AND BEN CLEMINSON LOOKS AT TOTTENHAM V MAN CITY THE INAUGURAL European Champions Cup final between French pair Toulon and Clermont Auvergne will take place at Twickenham tomorrow. The clash is the seventh major European final between teams from the same country and, with a heavy [...]
World class Johnny Sexton should maintain Ireland’s impressive record in Cardiff March 12, 2015 HARRY MADLEY PREVIEWS WALES V IRELAND AND BEN CLEMINSON LOOKS AT MANCHESTER UTD V TOTTENHAM HOTSPUR WHEN Craig Joubert blew the final whistle at the Aviva Stadium 12 days ago Ireland had beaten England for the first time since 2011. It also signalled that they were only two games away from winning the Grand Slam [...]
Mike Ashley’s Sports Direct faces million-pound claim over bonus scheme which excluded zero-hour contracted staff February 3, 2015 Mike Ashley’s Sports Direct faces legal claims over its bonus scheme from hundreds of staff working at its stores which could run into millions of pounds. Nearly 300 workers on zero-hours contracts were excluded from a bonus scheme which gave around 2,000 staff who were permanently employed a windfall share of £160m worth of shares [...]
Royal Dutch Shell announces £55m deal over Niger Delta oil spill January 7, 2015 Oil Giant Shell has announced a $84m (£55m) agreement with residents of the Bodo community, which will compensate them over two oil spills. The settlement, thought to be the largest of its kind to an African community, marks the first time affected individuals have been compensated directly. Claims through Nigerian authorities usually result in disbursement [...]
Sports Direct “to be held to account” over zero-hours contracts October 28, 2014 Sports Direct is being forced to make clear its zero-hours contracts do not guarantee work as part of a wide-reaching set of legally-binding promises agreed after an employee took legal action against the retailer. The Mike Ashley-owned business, which currently employs around 20,000 staff on the controversial contracts, has agreed to re-write its job [...]