DP World to proceed with £1bn investment despite 'cowboy operator' row

  • 📰 LBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 74%

Business News

DP World,P&O Ferries,Investment

Despite controversy surrounding calls from Labour MP Louise Haigh labeling P&O Ferries a 'cowboy operator', DP World, the parent company, has confirmed it will attend a major investment summit and proceed with its planned £1 billion investment in the UK.

DP World, the parent company of P&O Ferries, "will go ahead" with a £1bn investment despite a row over the Transport Secretary calling the operator a "cowboy". Labour MP Louise Haigh labelled P&O Ferries a "cowboy operator" in recent days, leading to the company pausing its plans to invest £1bn in its UK operation.

In an effort to contain the fallout, Downing Street distanced itself from Haigh's comments, with a source clarifying that her views did not represent the government's official position.This incident underscores the tensions between political criticism and business interests, especially in cases like P&O Ferries, which have faced public outrage over controversial business practices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

£1bn investment by P&O Ferries’ owner set to go ahead despite Transport Secretary’s jibe...New workers’ right rules will just mean firms hiring fewer people say Julia Hartley-Brewer
Source: TheSun - 🏆 64. / 61 Read more »