Neil Woodford’s comeback: Four City fund managers who also said ‘sorry’ February 17, 2021 News that the disgraced fund manager Neil Woodford is plotting a comeback may have raised eyebrows in the City, but he is not the first stockpicker who said sorry for his vehicle’s performance, and who did manage to stay in the game. Woodford gave an emotional interview over the weekend in which he apologised for the collapse [...]
UK CPI creeps up during January lockdown February 17, 2021 The UK’s Consumer Prices Index was 0.7 per cent in January, the Office for National Statistics said on Wednesday. Rising prices for food, transport and household goods helped to drive the increase. January’s figure was up slightly from December’s reading of 0.6 per cent despite a return to national lockdown restrictions. Inflation remains a long [...]
Illegal drugs worth £11m seized by Royal Marines in Arabian Sea February 17, 2021 The Royal Navy have seized more than 2.6 tonnes of illegal drugs in an operation lasting 10 hours. In total 2.4 tonnes of heroin, crystal methamphetamine and hashish were seized, adding to the 275 kilograms of heroin confiscated two days previously. All up, the haul had a street value of £11m. Sailors on board the [...]
UK companies ‘more distressed’ than European rivals, Moody’s finds February 16, 2021 UK has the highest number of distressed companies in Europe, according to data from Moody’s
Brothers in qualms: Goldman and Clifford Chance City bros charged with insider dealing and fraud February 16, 2021 Two brothers, one working for Goldman Sachs and the other for Clifford Chance, have been charged with insider dealing and fraud offences. Following an investigation, city watchdog the Financial Conduct Authority (FCA) has commenced criminal proceedings against Mohammed and Suhail Zina. The proceedings relate to six offences of insider dealing, and three offences of fraud [...]
Medical cannabis company Kanabo enjoys supherb first day as listed company February 16, 2021 Medical cannabis company Kanabo Group’s share price soared today on its first day listed on the London Stock Exchange (LSE). Kanabo manufactures vaporised marijuana pods and inhalers for medical use. By mid-morning, the company’s share price had jumped some 66.64 per cent on its first day as a listed company. Kanabo CEO Avihu Tamir said: [...]
Uefa snubs Israeli offer to stage Euro 2020 matches and reaffirms commitment to 12 host nations February 16, 2021 Uefa says it is not pursuing an offer from Israel to help with hosting Euro 2020 and European club competitions. Israel’s world-leading Covid-19 vaccination programme means it would be well placed to welcome fans to matches. The Israel Football Association confirmed it had offered Uefa the use of three stadiums for staging matches at this [...]
Why are English clubs playing Champions League and Europa League matches at neutral venues? February 16, 2021 Liverpool, Manchester City and Chelsea are all playing Champions League fixtures at neutral venues this month. The same is true for Manchester United, Tottenham Hotspur and Arsenal in the Europa League. So why is it happening? Why have both legs of Arsenal’s tie been moved? Why is Leicester’s trip to Prague unaffected? And what does [...]
Tickets go on sale for second virtual London Marathon February 16, 2021 Tickets go on sale for second virtual London Marathon
Travel businesses urge customers to book summer holidays despite guidance February 15, 2021 A coalition of the UK’s largest travel companies has come together to give consumers the confidence to book summer holidays despite oscillating advice from ministers. The group, which commands combined revenues of over £11bn, has offered any customer who books with them a guaranteed refund or change of holiday date if the trip has to [...]