New Look losses mount as Brexit and weather keep shoppers away

British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept shoppers out of its stores. New Look, owned by South African investment firm Brait, reported statutory loss before tax of 522.2 million pounds for the year ended March, compared with a loss of 190.2 million pounds a year earlier. The loss was mainly driven by a 423.3 million pound non-cash goodwill and brand impairment charge after a...

Boris Johnson says he is serious about going through with ‘no-deal’ Brexit

Boris Johnson, the favourite to become British prime minister, said he will seek a new Brexit deal with the European Union but if the bloc refuses his demands then he will lead the world's fifth largest economy out without agreement on Oct. 31. The United Kingdom's three-year Brexit crisis could be about to deepen as Johnson's pledge to leave the EU with or without a deal on Halloween could provoke a standoff with the British parliament which has indicated its...

UK car industry warns next PM no-deal Brexit is not an option

Britain’s car industry called on Tuesday for the next prime minister to secure a Brexit deal which keeps frictionless trade with the EU, warning a no-deal exit risked billions of pounds in tariffs and border disruption which could cripple the sector. Boris Johnson, the frontrunner to succeed Theresa May, and his leadership rival Jeremy Hunt have both said they are prepared to take Britain out of the EU without a deal, although both says it is not their preferred option....

Labour calls Brexit Party’s Peterborough by-election claims ‘nonsense’

Nigel Farage’s party called for an inquiry into allegations of ‘vote-rigging’ in the election narrowly won by Labour. The Brexit Party’s claims that vote-rigging may have played a role in Labour’s wafer-thin victory in the Peterborough by-election have been branded a “desperate attempt” to excuse a defeat. Labour also described the allegations as “nonsense” after Nigel Farage’s party held a press conference on Monday, calling for an inquiry into claims of impropriety. The Brexit Party ended up in second place...

Timeline: Key dates for Brexit crisis

Britain is due to appoint a new prime minister and attempt to renegotiate the terms of its Brexit deal, all before Oct. 31, when it is scheduled to leave the European Union. What are the key dates between now and Brexit day? LEADERSHIP CONTEST The ruling Conservative Party are in the process of selecting a new leader, who will replace Theresa May as prime minister and head of the party. There are two candidates for the job: Jeremy Hunt and...

Labour politician Prescott taken to hospital after a stroke

John Prescott, a former deputy prime minister in Tony Blair's Labour government, has been taken to hospital after suffering a stroke, his family said on Monday. Prescott, 81, was taken to hospital on Friday. He served as deputy prime minister from 1997 to 2007. The 81-year-old was taken to hospital in Hull last Friday and is receiving "excellent care" from the NHS, said the family. "We would like to praise the swift actions of the ambulance staff and the doctors...

New deal or no deal: How will Britain’s next PM deliver Brexit?

The toughest job for Britain's next prime minister will be to leave the European Union. But the new leader will have few options: find a divorce deal that parliament will ratify, leave without a deal or delay. Legally, Britain leaves on Oct. 31, seven months later than planned, unless the EU agree to a further delay and parliament changes the exit date written in law. The favourite is Boris Johnson, a leading figure in the 2016 Brexit campaign who is...

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