Former Tesco commercial director Kevin Grace sues for unfair dismissal after 2014 accounting scandal November 12, 2017 Tesco is facing further fallout from its 2014 accounting scandal as a former director claims he was wrongly dismissed. Kevin Grace, the former commercial director, was removed from his job after it emerged that Tesco had overstated profit expectations. Grace maintains he was not responsible for the problem and last year the Serious Fraud Office [...]
British Airways cabin crew to strike for two days from 10 January over pay row January 3, 2017 British Airways (BA) cabin crew will stage a 48-hour strike next week in an ongoing row over "poverty pay" at the airline. Staff from BA's "mixed fleet" crew, which is based at Heathrow and makes up about 15 per cent of the group's total cabin crew, will be involved in the walkout from 10 January. On [...]
Ignore the forecasts. No-one really knows what 2018 holds for markets December 21, 2017 How will markets and the global economy perform in 2018? If you’ve not yet been confronted with a barrage of forecasts or predictions, then you’re likely to be in the coming days. Trying to predict what will happen next year has become as much a part of the Christmas tradition as turkey, presents and overindulgence. [...]
Brexit latest: City hits back against EU’s “improved equivalence” offer for financial services March 20, 2018 The City has hit back at suggestions that the EU is considering offering the UK “improved equivalence” as the basis of the future financial services relationship after Brexit. Until now the EU has insisted that financial services would not be included in any free trade deal, with both Donald Tusk and Michel Barnier making it [...]
British Airways intends to run a full Christmas schedule despite planned strikes December 19, 2016 British Airways has said it intends to run a full Christmas schedule of flights despite planned industrial action. The airline hasn't yet provided details of how this will be achieved, but said it had drawn up "contingency plans" so the normal flight programme can go ahead, should conciliation talks at Acas today not succeed. Alex [...]
Prime Minister Theresa May: We’ve made “steady progress” on Brexit and most people “just want the government to get on and deliver” December 31, 2017 Prime Minister Theresa May is “determined” to keep up Brexit talks progress after a year of “steady progress” on Britain’s divorce from the EU. Attentions in 2018 will focus on trade and security issues associated with Brexit, May said in a New Year’s message published today. The PM added: Whichever way you voted in the [...]
Flights across London airports delayed due to fog December 17, 2016 Flights have been disrupted due to heavy fog in London. London City Airport diverted all inbound flights today. There have also been delays at Heathrow and Gatwick. Travellers have been advised to contact their airlines about possible cancellations. Significant fog in London is continuing to cause flight delays & cancellations. Passengers affected are advised to speak to [...]
Brexit phase two confirmed: Here’s how businesses are reacting to the news December 8, 2017 Business groups have given today’s breakthrough in Brexit negotiations an unequivocal thumbs up – but stressed that the hard work is only just beginning. Theresa May and Jean-Claude Juncker confirmed that the deadlock over the Irish border, divorce bill and citizens rights had finally been broken this morning, allowing the EU side to grant “sufficient [...]
Carillion rescue “undermined” by Royal Bank of Scotland and Santander January 16, 2018 Carillion’s biggest lenders restricted funding to the stricken firm three days before it went bust, “undermining” efforts to save Britain’s second-biggest contractor, it has been claimed. In witness statements filed with the High Court, former boss Keith Cochrane alleges the Royal Bank of Scotland “undermined” the Carillion’s attempts to conserve cash, Sky News first reported. [...]
Christmas celebrations boost overall consumer spending for December January 9, 2017 Visa cardholders spent more in the final quarter of 2016 than they had for two years, according to Visa’s UK Consumer Spending Index, pointing toward a solid increase in household spending. The monthly report showed that consumer spending in December was up 2.6 per cent on the year in December with online purchases leading the [...]