UK prime minister Rishi Sunak has easily won a House of Commons vote on his new post-Brexit deal for Northern Ireland by 515 to 29, but only after suffering a damaging Conservative revolt led by three ex-Tory leaders. Boris Johnson, Liz Truss and Iain Duncan Smith were among the 22 Tories who voted against the …
Sunak wins vote on post-Brexit Northern Ireland deal Read More »
Acqua di Parma (an LVMH brand) has named Giulio Bergamaschi its new chief executive officer. Effective March 21, Bergamaschi succeeds Laura Burdese, who at the end of 2021 left her post as president and CEO of the Italian beauty company to join fellow LVMH-controlled firm Bulgari as vice president of marketing and communication and …
LVMH Appoints Giulio Bergamaschi as CEO of Acqua di Parma Read More »
Carvana, the online used auto retailer, is trying to drum up support from its creditors for a restructuring of its $9bn debt load as it attempts to stay afloat at a time of declining vehicle sales. The restructuring is the latest attempt to put Carvana on a surer footing after breakneck growth and soaring sales …
Carvana to attempt restructuring of $9bn debt load Read More »
Boris Johnson will appear before the House of Commons Privileges Committee this afternoon to answer questions about his misleading statements to Parliament about parties at 10 Downing Street during the pandemic lockdowns. Ahead of the former Prime Minister’s testimony, the Committee has released further evidence, including about how Johnson’s aides and officials handled scrutiny of …
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Rishi Sunak faces the opposition of the Democratic Unionist party and a rebellion of the party’s most Euro-hostile MPs and his most implacable critics today. Meanwhile, Boris Johnson …
Boris Johnson and Brexit drama underscore Sunak’s strong position Read More »
The boss of car dealership group Pendragon says working with Chinese electric vehicle group BYD is the first step to rebuilding its reputation among carmakers after years of declining relationships. As the company reported a better-than-expected 30 per cent drop in profits because of higher costs, chief executive Bill Berman said it was trying to …
Pendragon looks to renew frayed links with carmakers Read More »
The US Federal Reserve is on Wednesday set to make a pivotal decision on whether to press ahead with its monetary tightening campaign or pause interest rate rises in the face of the worst banking turmoil since the 2008 financial crisis. The rate decision will be announced at 2pm Eastern time on Wednesday following the …
Fed set for pivotal decision on rate rises amid bank turmoil Read More »
A producer of honey-based products including craft gins has revealed plans to call in administrators after failing to secure long-term funding and a sale of the business. Oxfordshire-based British Honey Company (BHC), best known for its Keepr’s and Two Birds brands, said its shares on the Aquis exchange had been suspended pending the formal appointment …
Craft gin maker British Honey flies towards administration after funding failure Read More »
Snoop, the moneysaving app set up by the former boss of Virgin Money, is exploring a sale after receiving a series of unsolicited takeover approaches. Sky News has learnt that Snoop’s founder, Dame Jayne-Anne Gadhia, is working with bankers at Rothschild on plans to raise new capital or sell the company outright. Snoop was launched …
Ex-Virgin Money chief Gadhia explores sale of finance app Snoop Read More »
Chancellor Jeremy Hunt has backed the Bank of England to prioritise tackling inflation, despite concerns rapid increases in interest rates have contributed to recent volatility in the banking sector. The Bank’s Monetary Policy Committee meets this week amid speculation it may pause its recent trajectory of raising rates when it announces its decision on Thursday. …
Jeremy Hunt backs inflation battle and says UK is financially stable Read More »
