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 [...]
PwC accused of conflict of interest over advice given to Thomas Cook October 20, 2019 PwC has been accused of a conflict of interest for advising Thomas Cook executives on their pay and bonuses while it was also the auditor of the now-defunct travel firm. The Big Four firm audited Thomas Cook’s accounts between 2008 and 2016. Its accounts show PwC also earned £4m providing “recruitment and remuneration” advice to [...]
Rory Stewart ‘doesn’t speak for London’: Lib Dems mayoral candidate October 20, 2019 Rory Stewart’s support for Brexit makes him unfit to be mayor of London, according to one of his 2020 opponents. Liberal Democrats mayoral candidate Siobhan Benita slammed Stewart for not backing the Letwin amendment in parliament yesterday. Read more: DEBATE: Does former Tory leadership hopeful Rory Stewart have a shot at becoming mayor? The successful [...]
Brexit: Government sticks firm to its October 31 deadline October 20, 2019 Senior cabinet ministers are insisting the UK will leave the European Union on 31 October, despite the prime minister’s letter to Brussels requesting an extension. Boris Johnson was forced by parliament to send the letter – which he left unsigned – to Brussels asking for an extension last night. It was accompanied by a second [...]