Hedge funds line up against institutional investors in endgame to London Stock Exchange chairman battle December 17, 2017 The hedge fund manager attempting to oust the chairman of the London Stock Exchange (LSE) has received the backing of a top-five investor ahead of a shareholder vote on Tuesday. US firm Lone Pine Capital will back the resolution of Sir Chris Hohn, manager of The Children’s Investment (TCI) fund, to remove Donald Brydon from [...]
Tax reform “just days away” says President Donald Trump as Congress scrambles to bring bill before Christmas December 17, 2017 Businesses in the US and abroad are bracing for a major upheaval in the tax system as President Donald Trump tries to rush through a vote on $1.5 trillion in tax cuts before Christmas. Trump today said Congress is “just days away” from delivering on its campaign promise. The President said he would deliver to [...]
UK Finance to PM: Canada-style trade deal is not ambitious enough December 17, 2017 The UK’s top financial lobby group has urged the Prime Minister to seek a more ambitious trade deal than a Canada-style agreement. In a letter published today, UK Finance said the Canadian deal was an “interesting template”, but it urged Theresa May to look beyond the scope of existing trade agreements. “Given the UK and [...]
England’s Justin Rose wins third title in eight weeks with commanding triumph at Indonesian Masters December 17, 2017 England’s Justin Rose continued his hot streak by romping to a third title in eight weeks at the Indonesian Masters in Jakarta on Sunday. Rose finished on 29 under par to win by eight shots from Thai teenager Phachara Khongwatmai after shooting a round of 62 for the second time. The world No6 had earlier [...]
Amazon Prime could face an advertising probe over delayed Christmas present deliveries December 17, 2017 Amazon has been accused of Grinch-like behaviour in the weeks preceding Christmas, as it faces claims it has not lived up to advertised delivery promises. Amazon’s Prime service could be investigated by the UK’s advertising watchdog over complaints that packages have been delayed or not arrived. The service offers free two-day shipping to customers who [...]
UK mattress startup Simba Sleep raises £40m and is heading for profit in some markets December 17, 2017 Simba Sleep, one of several startups hoping to disrupt the world of sleep, has bedded fresh cash to fuel global expansion as it nears profitability in some markets. The £40m series B round of investment comes from previous backers Nigel Wray, a City heavywight and chairman of Saracens rugby club, Wharton Asset Management and Swiss [...]
Christmas travel: RAC warns drivers to avoid travelling on “Frantic Friday” 22 December with Christmas getaway gridlock expected on the roads December 17, 2017 The RAC has warned that “Frantic Friday” is looming on 22 December, marking the day bumper traffic is expected due to last-day commuters travelling as drivers head home for Christmas. The day is predicted to see up to 1.25m leisure journeys on top of those leaving work, and the RAC has told motorists planning long [...]
Pensions for teens: Government wants to extend auto-enrolment for young people December 17, 2017 The government wants to get nearly one million young people to start saving for the future by extending pensions auto-enrolment to 18-year-olds. Plans to extend the scheme will fall short of forcing five million self-employed to do the same but “targeted interventions” will be identified to get them saving. The Department of Work and Pensions [...]
Brexit won’t be “derailed” says Prime Minister Theresa May December 17, 2017 Theresa May has come out on the offensive warning that Brexit will not be derailed after gaining the green light to move on to the second phase of talks with the EU. “Amid all the noise, we are getting on with the job. In the face of those who want to talk Britain down, we [...]
White Christmas: Is London to miss out? And will air, road and railways be disrupted? December 16, 2017 Despite temperature gauges plunging into negative territory of late, above average temperatures in the days before Christmas mean snowfall is not likely, forecasters say. From this Thursday (21 December) a drier front is set to sweep across the south of England under cloudy skies. This contrasts with the north of the UK, which has the [...]