Brexit: Scottish court delays decision over Benn Act letter October 21, 2019 Scotland’s highest court has delayed making a decision about whether the Prime Minister fully complied with the law when he wrote an unsigned letter requesting a Brexit extension. Boris Johnson was forced to write a letter to European Council president Donald Tusk after losing a key vote in the Commons on Saturday afternoon. The unsigned [...]
Industrial real estate funds to double inflows October 21, 2019 Global industrial real estate funds could double the amount they raise this year as investors target warehouse and logistics assets. Research showed that specialist industrial property funds are projected to raise $6.4bn in 2019, up 120 per cent from inflows of $2.9bn last year driven by the yield available on logistics property. Read more: Land [...]
Brexit secretary tells MPs: Back landmark Brexit bill if you want to leave EU by Halloween October 21, 2019 The government has confirmed it will bring forward its “landmark Brexit bill”, as it continues to press ahead with its aim of leaving the EU by 31 October. The bill, which will enshrine Boris Johnson’s 11th-hour deal in law and pave the way for a Hallowe’en departure from the EU, is being introduced today ahead [...]
Funding Circle shares jump after platform reports loan growth October 21, 2019 Shares in Funding Circle rose over 10 per cent this morning after the peer-to-peer lending platform reported strong loan growth. In a trading update released today, Funding Circle said its loans under management had increased 31 per cent year-on-year in the third quarter to £3.7bn. Read more: Funding Circle investors face four month wait to [...]
Hillary Clinton mocks Trump’s letter to Turkey with spoof JFK note October 21, 2019 Almost three years since Donald Trump beat Hillary Clinton to become President, it appears the heated rivalry between the two has yet to simmer down. In the latest trolling between the pair, the former Democratic nominee has mocked a letter from President Trump to Recep Tayyip Erdogan by tweeting a parody version. Read more: Donald [...]
Traders braced for busy week as pound opens flat and European markets edge up October 21, 2019 Traders are bracing themselves for a fresh week of market mayhem amid trade war negotiations and Brexit uncertainty. Optimism over an end to the US-China tariff battle has pushed European markets up slightly after the opening bell this morning, with both the German Dax and the FTSE 100 rising 0.4 per cent. Read more: Speaker [...]
RBS retail chief to exit after ten years with bank October 20, 2019 Royal Bank of Scotland’s retail banking chief executive is preparing to leave the lender as new boss Alison Rose completes her senior leadership team. Les Matheson, who joined RBS in 2010 and became personal banking chief executive in 2014, is planning to leave the bank in the coming months, Sky News reported. Read more: Alison [...]
Metro Bank prepares to cut off chairman Vernon Hill’s expenses budget October 20, 2019 Metro Bank is deciding when to cut off chairman Vernon Hill’s £10,000 a month expenses budget, and could continue funding his lifestyle after he steps down. The challenger bank may stop Hill’s expenses account in December, when he is due to step down as chairman and leave the board. Read more: Metro Bank share price [...]
Extinction Rebellion patron buys stake in Heathrow Airport October 20, 2019 A billionaire backer of Extinction Rebellion has been revealed to have a stake in Heathrow Airport. Sir Chrisopher Hohn has clandestinely built a 4 per cent stake in Heathrow parent company Ferrovial worth €730m (£630m), according to the Sunday Telegraph. Read more: Ferrovial makes bid to take trio of Britain’s regional airports It was reported [...]
HS2 is ‘out of control’: Andrea Leadsom October 20, 2019 HS2 is “out of control” and its management is insensitive, according to business secretary Andrea Leadsom Leadsom has entered a submission to the government’s review into the controversial project, according to the Sunday Telegraph. Read more: HS2 would drive rail price increase and shut out smaller northern cities She criticised HS2 Ltd for the way [...]