Tory leadership hopefuls face new vote after TV clash June 19, 2019 The five remaining candidates in the Tory leadership race face another round of voting today, as MPs react to their performances in last night’s TV debate. Yesterday former Brexit secretary Dominic Raab was knocked out of the contest after he failed to secure the necessary 33 votes from MPs. The candidates now face a third [...]
Oil prices rise as Trump says he is set to meet with the Chinese President Xi June 18, 2019 Oil prices rose by nearly two per cent this afternoon as markets were buoyed by hopes of an ease in US-China tensions. Markets turned upwards after US President Donald Trump said he was expecting to hold an “extended” meeting with his Chinese counterpart Xi Jingping later this month at a meeting of the Group of [...]
Eoin Morgan makes a mockery of a bad back to smash astonishing century in World Cup win over Afghanistan June 18, 2019 Eoin Morgan was supposed to have a bad back. When England’s captain followed Jason Roy off the pitch, walking gingerly alongside the physio during Friday’s match against West Indies in Southampton, it looked like the favourites could be about to receive a hammer blow to their Cricket World Cup chances. When the news was relayed [...]
CVC abandons IPO or sale of Domestic and General after tepid investor response June 18, 2019 A sluggish response from investors has forced one of Britain’s biggest home appliance insurers to abandon plans for a public float as soon as this month which it hoped would value it at more than £1bn. Domestic and General has decided in the last few days to shelve the plans, Sky News reported. Read more: [...]
Rolls-Royce makes move towards hybrid planes June 18, 2019 Engine-maker Rolls-Royce took a major step towards greener travel as it today announced the acquisition of Siemens’s electric aeroplane business. The e-aircraft business employs around 180 designers and engineers to develop all-electric and hybrid systems for planes. Read more: Rolls Royce 4.6bn pension legal general buyout The deal is understood to have been worth around [...]
Nationalising the Big Six could leave British pensioners out of pocket June 18, 2019 A trade union plan to nationalise the UK’s biggest energy suppliers could favour foreign investors to the detriment of British pensioners, a city lawyer has warned. Jeremy Corbyn’s Labour party, which has pledged widespread nationalisation of the energy industry, welcomed the proposal from the Unison, one of Britain’s largest trade unions, to bring the Big [...]
Biff’s Jack Shack review: Unapologetically filthy vegan burgers June 18, 2019 Vegan food is at the literal bleeding edge of culinary science, but before there were heme-infused burgers, pea protein mince and steaks made of specially cultivated soy chunks pounded into the vague shape of a cow by a man in a lab coat, there was the humble jackfruit. The flaky, stringy, melting flesh of the [...]
Bank of England official warns UK reliant on ‘flighty’ capital June 18, 2019 A Bank of England (BoE) official has today warned that since the Brexit referendum in 2016 Britain’s economy has become vulnerable to foreign money being withdrawn at short notice. Read more: Bank of England chief economist says rate rise on horizon Anil Kashyap, a member of the Bank’s financial policy committee (FPC), also warned that [...]
Financial Conduct Authority launches probe into Woodford fund suspension June 18, 2019 The Financial Conduct Authority (FCA) said today it has launched an investigation into the suspension of fund manager Neil Woodford’s flagship Equity Income fund. FCA chief executive Andrew Bailey confirmed the probe in a letter to Treasury Committee head Nicky Morgan MP. “We have opened an investigation but cannot comment any further,” Bailey said. The [...]
Andrea Leadsom defends Boris Johnson’s U-turn over Heathrow June 18, 2019 A key ally of Boris Johnson has defended his apparent decision to drop his opposition to the Heathrow third runway. Andrea Leadsom, who threw her weight behind Johnson’s campaign to be the next Prime Minister this morning, told LBC: “I think he has changed his view over time, as is absolutely right that politicians do [...]