Labour suspend Corbyn-ally caught in antisemitism row after pressure from MPs February 27, 2019 A Labour MP who claimed the party had been “too apologetic” about antisemitism has been suspended after a stand-off between leading figures. Chris Williamson. MP for Derby North, made the comments at a meeting of a branch of the pro-Jeremy Corbyn group Momentum in the wake of nine Labour MPs quitting the party last week. After [...]
Metro Bank boss remains defiant as shares continue to plunge following £350m cash call February 27, 2019 Metro Bank chief executive Craig Donaldson has remained defiant despite shares plunging a further 26 per cent following its emergency £350m cash call. Donaldson implored shareholders to focus on the challenger bank’s growth and look beyond the mounting problems it faced, which now includes regulatory probes into an accounting error. Read more: Metro Bank shares continue [...]
Video killed the radio star – is it TV’s turn for the chop? February 27, 2019 I read the news about the proposed merger of BBC and ITV today with interest. The new service – apparently called ‘Britbox’ – will reportedly cost around £5 a month. Just last week, I interviewed outgoing CEO of UKTV, Darren Childs, for my Media Masters podcast, where we discussed the future of television and the [...]
Digital banking challenger N26 is expanding to Brazil February 27, 2019 German fintech challenger N26 is expanding to Brazil, making it the first of Europe's biggest retail digital banks to enter the South American market. Announcing the move on stage at Mobile World Congress in Barcelona, N26 said Eduardo Prota would head up the new region. Prota has previously worked for Santander and Cielo, as well as having [...]
Brexit uncertainty sparks public to private takeover trend February 27, 2019 Brexit uncertainty has sparked private equity fund interest in UK take-private transactions, new research shows. Of the 42 firm offers for UK public companies last year 31 per cent were made by private equity, analysis by investment bank Jefferies shows. Read more: Why tech startups are snubbing IPOs Public to private deals completed in 2018 [...]
Michael Cohen testimony live: Former lawyer makes explosive claims against ‘racist’ and ‘cheat’ Donald Trump February 27, 2019 Donald Trump’s former lawyer has labelled the President a "racist" and a "cheat" in an explosive testimony in front of Congress this afternoon, adding that the real estate mogul directed plans for a Russian skyscraper even during his White House campaign. At a blockbuster House Oversight and Reform Committee hearing today, erstwhile aide to the [...]
Sterling climbs as markets welcome parliament’s vote on possible Brexit delay February 27, 2019 Sterling soared against the euro and dollar today as markets welcomed the possibility that Brexit could be delayed. The pound rose 0.5 per cent to an eight-month high against the dollar of $1.331. Read more: Tory MP leaves government after Brexit amendment to protect EU citizens It did even better against the euro, bubbling up [...]
Tory MP Alberto Costa leaves government after Brexit amendment to protect EU citizens February 27, 2019 A Tory MP has left the government after proposing an amendment aimed at ensuring rights for EU nationals in the UK and Britons across the 27 EU member states, even in the case of a no-deal Brexit. Read more: Britain lost faith in its politicians – and then it voted for Brexit The Prime Minister’s [...]
Tarsus exhibits promising signs as shares jump February 27, 2019 Exhibition and conferences operator Tarsus saw its share price jump more than 10 per cent this afternoon, as investors welcomed an expected rise in bookings over the year ahead. The London-listed group led the market risers today, as it struck a confident tone over the group’s bookings business for larger events such as the Dubai [...]
Eurozone economic confidence falls to fresh two-year low as UK sentiment also falls February 27, 2019 Eurozone economic sentiment has fallen for the eighth consecutive month as the bloc continued to be plagued by weaker industry and construction confidence. Consumer, retails and services confidence improved in February but the manufacturing sector fell for a third month in a row. Read more: Eurozone inflation falls in January as energy prices continue to [...]