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No confidence: How Tory MPs plan to vote on May’s future

The number of MPs who have declared themselves either in support of or against the leadership of Prime Minister Theresa May is growing. Here's who has said what so far. A vote of no confidence was triggered this morning, after more than 48 MPs sent in letters to Sir Graham Brady who controls the process. The ballot will be held between 6pm and 8pm tonight to decide
Money

European development bank pulls plug on coal mines

The European bank which funds international development around the world will stop paying for coal projects in a bid to cut carbon emissions. The European Bank for Reconstruction and Development also announced it would stop funding oil exploration projects. It will only pay for oil development in exceptional circumstances where the investment would help reduce greenhouse
Money

ABB confirms talks with Hitachi over power grid business

ABB is in talks with Hitachi over a deal centred around its power grid business, which the Swiss engineering company is reportedly looking to sell. Shares were up today on the announcement, which follows weeks of speculation over whether the 147,000-worker manufacturing organisation would sell its power grid arm. Discussions with Hitachi, Mitsubishi Electric Corp and
Money

Thomas Cook shares plummet further as travel firms misery continues

Shares in Thomas Cook tumbled more than 13 per cent today as the travel agency reels from profit warnings and debt concerns. The fall wipes out gains made yesterday, when the company clawed back recent losses of nearly 60 per cent. During a turbulent few weeks Thomas Cook has seen its shares fall to their lowest level since 2013. Last week Thomas Cook issued its third
Money

Blair: It’s pointless to push ahead with vote on May’s Brexit deal

Tony Blair believes Theresa May should scrap next weeks vote on her Brexit deal as she is about to hit a “brick wall at speed.” The former Prime Minister told journalists on Thursday afternoon May needs to begin finding compromise which will pass through the Commons instead of pushing ahead with her “half in, half out” Brexit proposal. Speaking at a lunch in Parliament,