De La Rue replaces chairman after investor pressure September 2, 2019 Banknote and passport producer De La Rue has appointed a new chairman after months of investor pressure on its top level leadership. Kevin Loosemore, who is also chairman at struggling IT giant Micro Focus, will take up the role with immediate effect. Read more: Investor ‘threatens to oust chair’ at troubled printer De La Rue [...]
Blocking no-deal Brexit ‘makes it more likely’, Boris Johnson warns opposition MPs August 30, 2019 Prime Minister Boris Johnson has warned that MPs trying to halt a no-deal Brexit are making the scenario “more likely”, as opposition parties gear up to legislate against the government’s move of proroguing Parliament. The PM has said Britain will leave the bloc “do or die” on 31 October, and that he is willing to [...]
Eco-warriors still threaten Heathrow drone chaos despite ‘positive’ talks with airport August 30, 2019 Climate change activists are still planning on flying drones over Heathrow in protest next month, despite a “positive” meeting with representatives from the airport this morning. Heathrow Pause, a splinter group of the Extinction Rebellion movement, says it will fly toy drones in the airport’s restricted zone from 13 September, in a move that threatens [...]
London fails to make Economist’s top 10 world’s safest cities list August 30, 2019 London may be one of the globe’s ultimate tourist destinations, but it has missed out on ranking as one of the top ten safest cities in the world. The capital has come fourteenth in a list compiled by the Economist Intelligence unit, beaten by the likes of San Francisco, Amsterdam and Chicago. Read more: London [...]
Probe finds miner Ferrexpo’s charity funds ‘could have been misused’ August 30, 2019 An investigation into mining firm Ferrexpo’s charitable donations has concluded that some of the company’s funds may have been misused. The Ukraine-focused miner earlier this year launched the independent review into money given to charity Blooming Land, after auditors Deloitte pointed out discrepancies in last year’s financial report. Read more: Ferrexpo delays its financial results [...]
South Western Railway workers start four-day strike in weekend of travel chaos August 30, 2019 Commuters hoping to take the train to work across the south of England face potential chaos this morning as strikes resume on South Western Railway (SWR) over a long-running conflict over train guards. SWR, which runs trains out of London Waterloo to Reading, Bristol and Exeter, has cancelled 800 trains a day until the end [...]
Watch: Nissan invents self-driving golf ball that finds the hole every time August 29, 2019 Times are tricky for Nissan executives. The Japanese car maker’s profits have collapsed, it is gearing up to sack 12,500 workers to cut costs, and former boss Carlos Ghosn is facing jail time for swindling millions of dollars from the firm. Who could blame them for wanting a bit of light relief? The car maker’s [...]
Lender Amigo’s share price crashes as loan growth dwindles August 29, 2019 High interest rate lender Amigo has had one-third of its market value slashed this morning after warning of a change of strategy which will see impairment rates jump and lending growth slow as it braces for a crackdown by regulators. At one point this morning shares were trading 33 per cent down at 97p, as [...]
Hays profits subdued by restructuring costs as recruiter braces for economic slowdown August 29, 2019 Recruiter Hays’ full-year profits have been weighed down by stalling economic growth in some of its biggest markets, as well as one-off costs related to reshaping its European operations. Shares in the FTSE 250 listed company fell 3.6 per cent in early morning trading after it reported the impact of a macroeconomic slowdown in the [...]
More grief for British car industry as output falls again amid Brexit fears August 29, 2019 Britain’s car manufacturers endured another month of misery in July as exports took a hit and output slowed down for its 14th consecutive month. Manufacturing output fell 10.6 per cent last month, with only 108,239 vehicles rolling off the production line, according to figures released this morning by the Society of Motor Manufacturers and Traders [...]
