Flybe shares head skyward as it braces for bidding war November 26, 2018 Flybe shares soared over 23 per cent in trading this morning on reports it has landed at the centre of bidding war between industry rivals Sir Richard Branson and Willie Walsh. Walsh’s International Airlines Group (IAG) is in hot competition with Branson’s Virgin Atlantic, according to reports over the weekend which have sent the budget [...]
Melrose share price tumbles following low-ball bids for GKN unit November 26, 2018 Turnaround specialist Melrose led FTSE fallers today as its share price fell over six per cent following reports of disappointing bids for one of its GKN units. Melrose, which bought aerospace company GKN in an £8bn hostile takeover earlier this year, was reportedly forced to reconsider its options after it was low-balled by bids for [...]
Theresa May’s Brexit deal could cost UK economy £100bn, according to new research November 26, 2018 Theresa May’s Brexit deal could cost the British economy £100bn, according to new figures. Research carried out by the National Institute of Economic and Social research, commissioned by the People’s Vote campaign for a second referendum, said that the cost would be the equivalent of losing the economic output of Canada. It [...]
America’s call to kick China out of the WTO is in no one’s interest November 26, 2018 China has “misbehaved” when it comes to global trade. That’s according to one of Donald Trump’s key economic advisers, who suggested last week that China should be evicted from the World Trade Organisation (WTO). It’s a clever move from the US administration, which conflates its dissatisfaction with multilateralism with the President’s putative trade war. If you [...]
Prime Minister Theresa May will battle Jeremy Corbyn in TV debate over her Brexit deal November 26, 2018 Prime Minister Theresa May plans to challenge Jeremy Corbyn to a TV debate on the eve of parliament voting on her Brexit deal, it is reported. The Tory leader will take on her Labour counterpart in an event following a fortnight of campaigning across the country to drum up support for her draft withdrawal agreement, [...]
‘Good chance of death’: Billionaire Elon Musk says he plans move to Mars despite huge risks November 25, 2018 Billionaire Tesla founder Elon Musk has said he is more likely than not to move to Mars, despite the huge personal risk. The Space X chief executive said there is a 70 per cent chance of him getting to the red planet, but likened the trip to Ernest Shackleton’s dangerous journeys to the Antarctic. “We’ve recently [...]
Sadiq Khan faces fresh scrutiny over Crossrail delay after July dossier emerges November 25, 2018 London mayor Sadiq Khan is facing fresh questions over what he knew about the delay to Crossrail following the emergence of a dossier from July that indicated the £15.4bn project would not open on time. Khan has repeatedly said that he was only informed of the delay two days before it was made public on 31 August, [...]
George Osborne’s family wallpaper firm blames Brexit wobbles for loss November 25, 2018 The high-end fabric and wallpaper maker run by Sir Peter Osborne, father of former chancellor George Osborne, has pinned a substantial drop into the red on Brexit “uncertainty” and investment. Osborne & Little’s latest accounts, for the year ended 31 March, show a loss before tax of £350,000 on a turnover of £32.1m. In 2016, [...]
Arch rivals Walsh and Branson in bidding war for struggling airline Flybe November 25, 2018 Arch airline rivals Willie Walsh and Richard Branson are set to go head to head in a bidding war for struggling airline Flybe. Walsh, who is chief executive of British Airways owner International Airlines Group (IAG), is facing competition from Branson’s airline Virgin Atlantic as the two carriers vie to take control of Flybe, which [...]
Business groups give their verdict on EU rubber-stamped Brexit deal November 25, 2018 After 18 months of wrangling, Theresa May has finally won approval for her withdrawal deal from the EU's 27 leaders. When the Prime Minister announced last week that the withdrawal agreement had been approved by her Cabinet, many businesses welcomed the news, saying it afforded them more clarity after months of uncertainty. Here's what they had [...]
