DEBATE: Should the government block the Melrose takeover bid for UK engineering giant GKN? March 7, 2018 Should the government block the Melrose takeover bid for UK engineering giant GKN? Jack Dromey, shadow pensions minister and MP for Birmingham Erdington, says YES. The proposed hostile takeover of GKN by Melrose puts a British engineering giant in severe danger of being dismembered and broken up. GKN is a world-class success story, the pride [...]
World’s first passive startup fund from SyndicateRoom which relies on algos has fully invested its £4.5m total March 7, 2018 The world’s first passive Enterprise Investment Scheme (EIS) fund has fully invested its £4.5m total. The innovative Fund Twenty8, run by investment platform SyndicateRoom, is designed to offer retail investors a low-fee portfolio-based approach to startup investing. Fund Twenty8 relies on algorithms to invest its capital in opportunities which are proving popular with high-net-worth and [...]
Liverpool 0, Porto 0 (agg: 5-0): Jurgen Klopp revels in Reds reaching Champions League quarter-finals for first time since 2009 March 6, 2018 Liverpool boss Jurgen Klopp declared himself satisfied after his side cruised into the Champions League quarter-finals following an uninspiring stalemate against a wounded Porto outfit. The damage had already been done in the first leg, from which the Reds emerged with an all but unassailable 5-0 lead, and there was little chance of even the [...]
City watchdog seeks to reassure big investors on Saudi Aramco float ahead of crown prince’s UK visit March 6, 2018 The City watchdog is seeking to mollify institutional investors who have expressed serious concerns over plans to make it easier for the oil major Saudi Aramco to list in the UK ahead of a visit to the capital by Middle East nation’s powerful crown prince. The Financial Conduct Authority (FCA) last month met bosses from [...]
GKN boss Anne Stevens evades questions on whether job numbers will grow as MPs grill GKN and Melrose execs March 6, 2018 Top executives at beleaguered engineering giant GKN refused to confirm whether the firm would create more jobs if Melrose failed in its £7.4bn hostile bid. When grilled by a committee of MPs, GKN’s chief executive Anne Stevens said she expected the company to keep growing. Yet Stevens declined to directly confirm whether she saw Melrose [...]
Pochettino: Tottenham have earned Europe’s respect and only need to play our normal game to beat Juventus March 6, 2018 Tottenham boss Mauricio Pochettino insists the continent is increasingly wary of the threat his side poses as they bid to overcome European heavyweights Juventus and reach the Champions League quarter-finals tonight. Spurs recovered from two early blows to earn an impressive 2-2 draw in the first leg in Turin, with their two away goals tipping [...]
Boris Johnson sparks speculation of England boycott of World Cup in Russia March 6, 2018 Foreign secretary Boris Johnson raised alarm bells in the House of Commons yesterday when he appeared to suggest that the England team could boycott this summer’s World Cup in Russia. Speaking following the collapse of former spy Sergei Skripal in Salisbury, Johnson told MPs that it would be difficult for England’s participation at the World [...]
Trump trade row: Goldman Sachs hits out at “draconian” metals tariffs March 6, 2018 Goldman Sachs has blasted Donald Trump’s plans to impose tariffs on steel and aluminium, saying the “draconian” move had created friction with key US allies. Last week, Trump announced plans to tack a 25 per cent unilateral tariff on steel imports as well as a 10 per cent tariff on aluminium . “By choosing across [...]
US President Donald Trump has dropped down the rankings of Forbes’ annual rich list for 2018 March 6, 2018 Donald Trump has slipped down Forbes’ annual rich list for 2018 after his fortune dropped by an estimated $400m (£288m) to $3.1bn. The US President has dropped 222 places on the rankings to come in at 766. The top spot is taken by Amazon boss Jeff Bezos, whose fortune has surged to $112bn from an [...]
North Korea agrees to give up weapons – if regime is guaranteed March 6, 2018 North Korea has agreed to suspend missile tests and potentially give up its nuclear weapons, if the future of the regime can be guaranteed, South Korea has said. North Korean leader Kim Jong Un is planning to meet South Korean President Moon Jae-in for a summit along their shared border at the end of April, [...]