Neil Woodford cuts stake in AI firm as suspension deadline approaches June 30, 2019 Neil Woodford cut his stake in artificial intelligence firm Sensyne Health as the deadline approached for the suspension of his flagship fund to be formally reviewed. The former star trader has been offloading assets to rebalance his Equity Income fund, which was suspended last month following a spike in withdrawals. Read more: Woodford trust cuts [...]
Trump makes history by stepping into North Korea June 30, 2019 Donald Trump has become the first sitting US president to set foot in North Korea, taking 20 steps into the country yesterday. After shaking hands with Kim Jong-un at the demilitarised zone (DMZ) between the two Koreas, Trump asked Kim if he wanted him to cross the border, saying: “I am OK with it.” Trump [...]
Jaguar to announce huge investment in UK electric car manufacturing June 30, 2019 Jaguar Land Rover (JLR) will plough hundreds of millions of pounds into the British car industry by preparing one of its factories to build electric cars, in a much-needed boost for the sector. JLR will modify its Castle Bromwich plant to build a series of three all-electric models, starting with an electric version of its [...]
Tories draw up new Brexit battle lines June 30, 2019 The Conservative party’s final two contenders for prime minister bulked up their plans for a showdown with Brussels over the weekend, while the frontrunner – Boris Johnson – also sought to talk up his pro-business credentials. Confronted about an incident last year in which Johnson said “f*** business” during a Brexit debate, the former London [...]
City lookahead: Analysts forecasting drop in sales at Sainsbury’s June 30, 2019 Sainsbury’s is expected to reveal a dip in sales when it posts its quarterly results later this week, as a spell of poor weather and an increasingly competitive retail market weighs on the supermarket giant. The grocery chain is forecasted to post no improvement in its sales on Wednesday, underlining the firm’s current challenges in [...]
Drive a Lambo around the UK thanks to Dream Collection and the City A.M. Club June 28, 2019 My stable of cars is filled with the latest models, allowing me to choose the perfect ride to suit my lifestyle. “For a weekend away with the kids – their bags, bikes and trikes – I chose the Range Rover Autograph or Audi Q7; both are perfect companions for a family adventure. “For a stress [...]
French Connection extends sale deadline June 28, 2019 French Connection has extended the deadline to complete a sale as the retailer confirmed it was in talks with a number of interested parties. The fashion brand had expected to close the deal in the first half of this year but has now pushed the date back to September. Read more: Sales fall again at [...]
Yesterday review: A chilling account of the harrowing symptoms of one man’s brain injury June 28, 2019 The phrase “feel-good comedy of the summer” should cause no small amount of bile to rise in your throat, but Yesterday is inescapably just that. A movie that seems algorithmically laser-targeted for success, it arrives just as ravenous audiences are lifting their faces from the dessicated carcass of last summer’s Mamma Mia 2, and are [...]
Supermarkets prepare for bumper weekend during UK heatwave June 28, 2019 Supermarkets are preparing for bumper sales this weekend as shoppers stock up on rose wine, sun cream and barbecue food, with temperatures expected to soar during a UK heatwave. Londoners could bask in temperatures of up to 32 degrees tomorrow following a soggy start to the summer. Read more: Cold weather dampens May retail sales [...]
Woodford trust cuts debt to calm investors June 28, 2019 Woodford Patient Capital Trust has revealed plans to cut debt and strengthen its board to reassure investors following a drop in the listed trust’s share price. The trust shares holdings with Neil Woodford’s suspended equity income fund and has been hit by concerns that it could be impacted by forced selling of assets. Read more: [...]