General Election 2017: Nick Clegg warns hard Brexit will harm Britain’s economy May 2, 2017 Former Liberal Democrat leader Nick Clegg has warned Brexit will hurt Britain’s economy, and said families face a £500 “Brexit squeeze” this year. The Liberal Democrats are hoping for a comeback in this summer’s General Election, having lost the majority of their seats last time around, with their number of MPs collapsing from 57 to [...]
Peter Dubens firm Oakley Capital snaps up software firm Plesk in $105m deal May 2, 2017 Oakley Capital, the Aim-quoted firm that listed Time Out magazine, today announced it has completed a $105m (£81m) deal to buy software platform firm Plesk. Started in 1999, Plesk was launched in the US after being designed in Russia. It was bought by Washington-based firm Parallels in 2003. Today’s deal sees Oakley Capital carve out [...]
Taxi drivers to protest outside the Evening Standard’s offices over George Osborne’s appointment as editor May 2, 2017 London cabbies are planning to demonstrate outside the Evening Standard’s offices this morning, on George Osborne’s first day as the newspaper’s editor. Taxi drivers will protest from 10am over “fears that the paper could lose its independence and status as the ‘voice of London’ under his leadership”, the Licensed Taxi Drivers Association (LTDA) said today. [...]
French presidential elections 2017: Apres Emmanuel Macron, le deluge: This is the European elites’ last chance to avert disaster May 2, 2017 You have to hand it to Louis XV of France. He may have been a mediocrity, but at least as a political risk analyst he knew the price of continual policy failure. A lowlight of his long, stagnant reign (1715-1774) was the Battle of Rossbach in 1757, where Frederick the Great of Prussia rang strategic [...]
Passive versus active fund management: Why the rise and rise of passive funds should strengthen corporate governance May 2, 2017 | City Talk A growing proportion of world financial assets are held in passive funds of one kind or another. In the US, more than one third of all mutual funds are passive. In the UK, one quarter of all money under management is managed under a passive strategy. The arguments in favour of passive include lower costs [...]
Ernesto and Kirsty Bertarelli are officially the richest couple in the UK while Sir Philip and Lady Green’s fortune declines | City A.M. May 2, 2017 Pharmaceuticals heir Ernesto Bertarelli and his wife Kirsty have been crowned the richest husband and wife in the UK, with a fortune of £11.5bn. The businessman and the former Miss UK saw their joint wealth increase by more than £1bn this year, according to the Sunday Times Rich List, which comes out this Sunday. The [...]
Growth in UK ‘staycations’ pushes turnover for caravan, camping and holiday park companies past £2.67bn May 2, 2017 The UK’s top caravan, camping and holiday park companies grew their turnover to £2.67bn last year. The total turnover of the UK’s 100 biggest caravan and holiday park companies is up 9 per cent from £2.46bn five years ago, according to research by Ortus Secured Finance. The success of the sector can be attributed to [...]
The EU’s spin about May and Juncker’s difficult dinner is calculated and heavy-handed May 2, 2017 Theresa May is soaring strong and stable in the polls, on track for a three-figure landslide on 9 June. Yet according to rather undiplomatic leaks, EU leaders think the British Prime Minister is in a “different galaxy” when it comes to Brexit. The comments of European Commission President Jean-Claude Juncker and chief EU Brexit negotiator [...]
Mark Selby wins third World Snooker Championship in four years and pockets record prize money May 2, 2017 Triumphant Mark Selby revelled in securing membership to an exclusive club after claiming his third World Championship in four years with victory over a dogged John Higgins at the Crucible. Selby, 33, triumphed 18-15 to pocket a record £375,000 in prize money and join Steve Davis, Stephen Hendry and Ronnie O’Sullivan in winning back-to-back world [...]
Sam Torrance: Alexander Levy, GolfSixes and the new format of the Zurich Classic show the appeal of Ryder Cup and team events May 1, 2017 The French are an emotional bunch and it was wonderful to see Alexander Levy so happy at winning the China Open for a second time in four years on Sunday. Levy, who beat South African Dylan Frittelli in a play-off, has already accumulated four European Tour titles at the age of 26, which is excellent. [...]