Charities assisting with Grenfell Tower victims to receive extra funds from the communities secretary June 26, 2017 SAJID Javid, the communities secretary, has announced that the government is providing £1m to support the charitable response to the Grenfell Tower disaster. This recognises the extraordinary efforts made by many smaller charities and not-for-profit organisations following the tragic fire. Javid said: “The residents of Grenfell Tower have been through some of the most harrowing [...]
Formula One great Sir Jackie Stewart defends Sebastian Vettel and insists Lewis Hamilton sparked their bust-up at the Azerbaijan Grand Prix June 26, 2017 British Formula One great Sir Jackie Stewart has defended Sebastian Vettel over his extraordinary bust-up with title rival Lewis Hamilton at the Azerbaijan Grand Prix on Sunday. The former world champion conceded that Vettel was guilty of “inappropriate behaviour” for deliberately ramming his Ferrari into Hamilton’s Mercedes halfway through the race in Baku. But Stewart [...]
Why divesting from tobacco stocks is pointless virtue signalling June 26, 2017 This week marks the 10 year anniversary of the smoking ban in England, and tobacco is once again making headlines. Not content with the government prohibiting smoking in public places, various funds and companies have bought into the ludicrous divestment movement which seeks to bring down industries by trading their shares. The Guardian started the [...]
Next global crash could come “with a vengeance”, central bankers at the Bank for International Settlements have warned, citing debt fears in China and other emerging markets June 26, 2017 Risks building up in China and other emerging markets could trigger the next global financial crash, an influential group of central bankers has warned. China and other developing economies such as Thailand are beginning to show the same signs of tensions seen in the US and UK before the global financial crisis of 2007-08, according [...]
Holland & Barrett sold to Russian billionaire for £1.8bn June 26, 2017 Health food store Holland & Barrett has been sold to a Russian billionaire for £1.8bn. US private equity firm Carlyle is selling the UK’s largest health retailer to L1 Retail, a fund controlled by Mikhail Fridman. The deal for the 1,150 store chain is the first acquisition for L1 Retail. It is thought that chief [...]
Crossrail honcho says £14.8bn project will “change London’s geography” as first Elizabeth Line train enters passenger service June 26, 2017 Eight years after construction started on the £14.8bn Crossrail project, the first Elizabeth Line train entered passenger service last Thursday between Liverpool Street main line and Shenfield. The train, complete with air conditioning and walk-through carriages, will be part of a fleet of 66 that operate on the new line, with eleven being introduced by [...]
Treasury confident that new money laundering rules will scupper terrorist financing June 26, 2017 New regulations take effect today which the Treasury says will crack down on funding for terrorism and organised crime. Here’s what you need to know about the changes. 1. It comes from an EU directive Today is the final deadline for member states (which the UK still is until 2019) to implement the fourth EU [...]
Mastercard and Visa see UK legal claims from high street names mount over interchange fees June 25, 2017 MASTERCARD and Visa are facing legal claims that could top £1bn as a raft of high street names pool their resources in a battle with the credit card giants over fees. At the start of this month, litigation claims were launched by 27 high-street retailers, supermarkets, pubs and bookmakers over “multilateral interchange fees”, or charges [...]
Vince Cable: Young people will turn to the Lib Dems when the penny drops about Labour’s real stance on Brexit | City A.M. June 25, 2017 The favourite to win leadership of the Liberal Democrats has said young people will be “disillusioned” when they realise Labour’s real stance on Brexit. Vince Cable, who became the first to throw his hat into the ring for the Lib Dem leadership contest after Tim Farron resigned earlier this month, told Peston on Sunday the [...]
Battersea Power Station’s affordable housing quota risked pushing it into “serious challenges”, says Wandsworth planning chief June 23, 2017 The chairman of Wandsworth’s planning committee has said the council had no option but to allow the developers behind Battersea Power Station to make changes to its affordable housing quota because the project faces “serious challenges”. In a statement today Richard Field said the committee “had a very difficult choice between accepting a potentially lower [...]