Former minister Anna Soubry warns Brexit will split Tory party if Theresa May doesn’t stand up to arch Brexiteers February 6, 2018 Former business minister Anna Soubry has warned that Brexit could end up splitting the Conservative party, unless Theresa May "stands up" to a minority of hard-line Eurosceptics. The backbencher, who has long argued the UK should remain in the Single Market and customs union after Brexit, told the BBC last night the front bench was [...]
Momentum are coming for us like White Walkers, but we’ve got our Muhammad Ali: Tory MPs share their fears on the forthcoming elections February 6, 2018 With just under 90 days to go until local elections in the capital, Conservative Party HQ is going into overdrive to show it can fend off the multiple threats of Brexit tensions, a vulnerable leadership, the fallout from the Grenfell Tower tragedy and the rise of the Corbyn-supporting Momentum campaign group. The Tories face a [...]
It’s high time archaic cannabis prohibition went up in smoke February 5, 2018 Five years ago, Colorado and Washington became the first two states in the US to legalise cannabis. Alaska and Oregon followed, and at the beginning of this year, California and Nevada joined them. This month will see Maine start sales and Connecticut debate legalisation, while to the north, Canada will start selling on the same [...]
Immigration white paper delayed until ‘the time is right’, says minister February 5, 2018 The government has been attacked for shelving its white paper on immigration, just weeks after it put off plans for similar work on financial services. Home Office minister Caroline Nokes today gave no clarification on when a paper would be published, saying only that it would be made public "in the coming months, when the [...]
Capita shares jump as fund management giant alleges board “flouted one of the basic rules” February 5, 2018 Capita investors were delivered a dose of good news this morning, with shares rising around six per cent after last week's mammoth sell-off. The change in fortunes came as one of Britain's largest fund managers blasted Capita for "flouting basic corporate governance rules" and urged it to "not repeat the mistakes of the past". Shares [...]
UK exports in financial services jump to £95.7bn February 5, 2018 Britain's exports in financial and professional services had a record-breaking year in 2016, according to figures released today by TheCityUK. Exports in the sector jumped 15.8 per cent from £82.6bn to £95.7bn, breaking away from four years of relatively sluggish growth, when exports edged up by 0.9 per cent each year on average. The UK [...]
Cineworld climbs after new shares issued as part of Regal deal February 5, 2018 Cineworld shares are up this morning after the company issued over 1bn new shares to the market. The issue comes after the group's shareholders backed its bid to buy Regal Entertainment Group, which will create the world's second biggest cinema group. The share price was adjusted from 518.5p on Friday's close to an opening price [...]
Bank of England set to hold rates on Super Thursday February 5, 2018 The Bank of England is set to hold interest rates at 0.5 per cent on Thursday, but rate rises are forecast for later in the year. The bank’s Monetary Policy Committee (MPC) will vote on the rate on so-called Super Thursday, when the bank will also release its quarterly inflation report and release the minutes [...]
What is the Vollged Initiative and does it spell the end of fractional reserve banking? February 5, 2018 | City Talk The 2008 financial crisis jolted many of us out of our comfort zones, leading to the argument for a complete overhaul of the monetary and banking system. This very concept has recently been petitioned in Switzerland. Switzerland, that scion of banking, may vote to end the bedrock philosophy underlying modern finance. More than 100,000 Swiss [...]
Ping pong king Adam Breeden plots stock exchange float in next five years February 5, 2018 Bounce founder Adam Breeden has said he wants to put his company on the London or New York Stock Exchange in the next five years. Breeden, who also co-founded darts bar Flight Club and is bringing a minigolf concept calledPuttshack to London this year, said that the rate at which the business was growing made [...]