Monday 19 November 2018

UK business morale hits lowest since at least 2009 - IHS Markit

Business correspondent(wp/Reuters):
Bruised by uncertainty about Brexit, British businesses are now more pessimistic about the outlook than at any time since at least 2009, a survey showed on Monday.
Plans for hiring and investment across both manufacturing and services firms sagged, according to a quarterly report from data firm IHS Markit, which also compiles the closely watched purchasing managers’ indexes.
The survey, conducted over the second half of October, showed firms cited political uncertainty as the biggest factor weighing on confidence.
Prime Minister Theresa May last week published a draft divorce deal with the European Union that has drawn the ire of eurosceptics in her party, raising questions about her future as leader and sending the pound sharply lower.
The net balance of companies expecting business activity to rise in the next 12 months fell to 32 percent from 39 percent in the previous survey, marking the lowest reading since the IHS Markit Business Outlook Survey started in 2009.
“Reports from survey respondents widely indicate that Brexit-related concerns have weighed heavily on business investment and staff hiring plans,” IHS Markit economist Tim Moore said.
“Some of the slowdown in capex plans can be attributed to softer global demand patterns, but the latest UK figure is notably weaker than seen elsewhere across Europe and in other developed economies.”
Other business surveys have also shown a sharp slowdown in business investment plans ahead of Brexit in March 2019.

Facebook to fund trainee local newspaper reporters in Britain

ICT reporter(wp/Reuters):
Facebook (FB.O) is donating 4.5 million pounds to train journalists in Britain to support communities that have lost local newspapers and reporters, in no little part due to ad revenue and readers switching online to the social media giant.
The U.S. company said on Monday it recognised the role it played in how people got their news today and it wanted to do more to support local publishers.
Around 80 new trainee reporters funded by Facebook will be recruited by regional publishers Newsquest, JPIMedia, Reach (RCH.L), Archant and the Midland News Association, in a scheme overseen by the National Council for the Training of Journalists (NCTJ), Facebook said.
The pressure facing print publishers was laid bare on Friday when Britain’s Johnston Press (JPR.L), publisher of The Scotsman, The Yorkshire Post and “I” newspapers, filed for administration.

Former England footballer Gascoigne charged with sexual assault - police

Crime reporter(wp/Reuters):
Former England midfielder Paul Gascoigne has been charged with committing sexual assault on board a train, police said on Monday.
    Gascoigne, 51, a former Tottenham Hotspur and Newcastle United player, widely known as Gazza, was arrested at Durham train station in northern England in August and released while police investigated the incident.
“Paul Gascoigne, of Leicester, was charged via postal requisition with one count of sexual assault by touching,” British Transport Police said in a statement.
Gascoigne is due to appear in court on Dec. 11. His management company did not immediately respond to a request for comment.
Gascoigne, who has spent several spells in rehab battling alcohol and drug addiction, played 57 times for England between 1988 and 1998.
He made international headlines during the 1990 World Cup in Italy, bursting into tears after receiving a yellow card in England’s semi-final against West Germany which would have seen him suspended for the final if England had qualified.

London City Airport names ex Crossrail boss Rob Holden as new chairman

Business reporter(wp/es):
London City Airport on Monday appointed Crossrail’s ex-boss Rob Holden as chairman, in a move that may boost its efforts to get the Elizabeth Line extended.
Transport veteran Holden, who was chief executive of Crossrail from 2009-2011, has joined the board of the Square Mile’s favourite airport with immediate effect.
His appointment comes a month after London City airport supported a campaign group’s call for Crossrail to be extended to Ebbsfleet and a station at the airport to be added.
London City airport thinks that, although the site is traditionally used by customers from the City and Canary Wharf, there is growing demand from people in Kent and elsewhere in the capital to travel from there, and Crossrail would help that.
Holden replaces Sir Terry Morgan, who stepped down in September to take up the chairmanship at High Speed 2.


Holden is the chairman of the Submarine Delivery Agency and holds a number of non-executive roles, including at Electricity North West and the Nuclear Decommissioning Authority. 
He is also the former chair of HS1 and Eurostar UK.
The 62-year-old joins at a busy time for the airport, which is undergoing a £500 million redevelopment. By 2022 it will have eight new customer gates, and its passenger terminal will have quadrupled in size.
Robert Sinclair, chief executive of London City Airport, said: “Rob is hugely respected in the transport and infrastructure sectors, as well as across Whitehall. 
His experience will be an invaluable asset as we take forward our development programme, improve surface access, welcome more passengers and airlines and plan for our long-term future.”
Hakim Drissi Kaitouni, chair of London City Airport’s appointments, praised Holden’s “breadth of experience in delivering significant national infrastructure projects”.
The airport is on track to host a record 4.7 million passengers this year.
Last month’s most popular routes were Edinburgh, Amsterdam and Dublin, and traffic was up 8.3% from October 2017.

Four men rushed to hospital after quadruple stabbing in north London

Crime reporter(wp/es):
Four young men in their 20s have been rushed to hospital after a quadruple stabbing in north London.
Police and the London Ambulance Service scrambled to Fraser Road, in Edmonton, at about 6pm to reports of a fight.
Once there, they found multiple men with stab wounds and all four have been taken to hospital.
A spokesman for the police said one of the men has been discharged from hospital, but the conditions for the other victims is not known yet. 
Police said two cars at the scene, which had crashed into each other, were also found.
A crime scene was put up on Fraser Road while the street was closed off for emergency services to look at.
The violence comes just 24 hours after three men were injured after a suspected drive-by shooting on Gordon Road, just under one mile away.
The spokesman added the police is treating both incidents as linked.
A 16-year-old schoolboy was among those injured after police said a shotgun-wielding man drove up to a car and fired shots.
The shooting happened at about 6pm and, according to officers, the victims were sat in a parked mini cab before they were approached by another car that drove alongside them.
Police believe two men exited the car and one was armed with a shotgun.

Two shots were fired into the mini cab where the men were sitting, leaving two 22-year-old men and a 16-year-old boy injured.
None of the victims are in a life-threatening condition, although officers said one of the males has possibly life-changing injuries.
No one has been arrested for the attack, or the stabbings in Edmonton.
In a statement, police said: “Police are keen to hear from anyone who witnessed this incident but has not yet come forward or anyone who can identify the suspects.
“Anyone who witnessed the shooting or the events surrounding it is asked to call 101, Tweet @MetCC or call Crimestoppers anonymously on 0800 555 111.”

Boris Johnson's £300,000 water cannon end up as scrap metal

Political reporter(wp/es):
The water cannon that were bought by Boris Johnson but never used on the streets of London have ended up as scrap metal, it emerged today.
The three riot control vehicles were purchased from the German federal police for £85,000 in 2014 but ended up costing London taxpayers more than £322,000 after undergoing modifications.
In 2015 the then Home Secretary Theresa May refused permission for them to be used by the Met police - leaving them consigned to a storage yard in Gravesend.
Today Mayor Sadiq Khan revealed the 25-year-old vehicles had been scrapped for £3,675 each after two years of failing to find a buyer. “Absolutely nobody wanted them,” a City Hall source said.
The £11,025 raised from the sale - to Reclamations (Ollerton) Ltd scrapyard in Newark - is part of a £13.2m fund announced today by Mr Khan for 72 youth projects to tackle the root causes of serious violent crime.
Mr Khan said: “For too long, London taxpayers have had to bear the brunt of Boris Johnson’s appalling botched water cannon deal. This has been another waste of taxpayers’ money by Boris Johnson. Londoners continue to live with his vanity. 
“I am pleased we have managed to finally get rid of them and I made an election promise to Londoners that I would claw back as much of this cash as possible,  and pump it into helping young people at risk of being affected by crime and giving them better life opportunities.”
The purchase of the Ziegler Wasserwerfer 9000 cannon came to be known by his critics as one of Mr Johnson’s greatest follies.
They were bought for £85,022 by the Mayor’s Office for Policing and Crime, on the advice of police chiefs, in the wake of the 2011 London riots.
But in 2015 Mrs May refused to licence their use on the UK mainland, saying they could cause “primary, secondary and tertiary injuries” such as spinal fracture, concussion, eye injury and blunt trauma and risked inflaming community tensions.
After taking office in 2016, Mr Khan vowed to sell the cannon as he revealed that a further £237,812 had been spent bringing them up to scratch. 
This included £3,100 on sirens, £4,500 on “Battenberg” police vehicle markings and £970 on radio and CD players.
Mr Khan hoped to sell them for up to £43,000 each to an “ethical” purchaser. But the Ministry of Defence, which handled the sale, was unable to find a buyer, prompting the decision to scrap the vehicles.
Stephen Greenhalgh, who was Mr Johnson’s deputy mayor for policing, today accused Mr Khan of “gesture politics”.
He told the Standard: “I think it’s an absolute waste of money by the Mayor. This is something tactically you want in the event of extreme violence and public disorder to keep crowds at a distance.
“Water cannons are not about an escalation of force. They are civilian vehicles, rather than armoured military machines. They are less harmful than a metal baton at close range, far less dangerous then firing baton rounds and more discriminating than horses charging into a crowd of people – all tactics that the police can lawfully use now.”
Up to 42,000 young Londoners will benefit from the latest round of funding from the £45m Young Londoners Fund.
It supports projects that aim to show a positive way forward through education, sport and cultural activities. It is part of the public health approach to fighting violent crime being taken by the Mayor. 
Mr Khan said: “By giving young Londoners meaningful things to do, I am doing everything I possibly can to help ensure they make the right choices and do not follow the wrong path.
“Huge cuts in national government funding have had a big impact on London youth services and policing, which we should all be in no doubt has contributed to a rise in violent crime.”