Economy faces ‘upheaval and uncertainty’, says trade secretary Fox June 4, 2019 International trade secretary Liam Fox will tomorrow warn the world is facing a period of upheaval and economic slowdown. Speaking at the 100th anniversary of the UK Export Finance (UKEF), he will launch new initiatives aimed at backing small British exporters. Read more: Fox backs foreign secretary Hunt in bid for Tory leadership They will [...]
Non-Standard Finance abandons offer for Provident Financial June 4, 2019 Non-Standard Finance (NSF) will abandon its offer for Provident Financial, it said today, after regulators stamped out any hope of the deal going through. The Prudential Regulation Authority (PRA) told the company the enlarged group would not have enough capitalisation at current levels of shareholder acceptance. “Accordingly, NSF has decided, with the consent of the [...]
Government backs Cornwall space programme with £20m cash injection June 4, 2019 The government plans to throw £20m at Richard Branson’s space programme and a project for a spaceport in Cornwall. The project will bring 150 jobs and help the UK tap into a £3.9bn small satellite market by 2030. Cornwall Council said it will provide £12m, with nearly £8m coming from the UK Space Agency. While [...]
How Holland bounced back from World Cup and Euro qualification misery with the aid of their football talent factory June 4, 2019 Every so often a Dutch player capable of setting the world alight announces themselves on the international stage. And even more rarely a crop of them come through the ranks at the same time.
Airtel Africa to raise $750m in London listing June 4, 2019 Africa’s second-largest mobile operator Airtel Africa said today it intends to raise $750m (£591m) in a float on the London Stock Exchange. The telecoms group said it will pursue a premium listing on the main market of the stock exchange, meaning it will float at least 25 per cent of its shares. The group is [...]
Corbyn is a ‘negative force’, says Trump June 4, 2019 Donald Trump revealed he turned down a meeting with Jeremy Corbyn, describing the Labour leader as a “negative force”. The US president confirmed Corbyn had requested a meeting while Trump was in the UK on a state visit. Read more: NHS up for grabs in UK-US free trade deal, Trump says The Labour leader boycotted [...]
Trump: US and UK will reach an agreement on Huawei June 4, 2019 US President Donald Trump has said his country will be able to work out any differences with the UK over Chinese tech firm Huawei. Read more: Huawei to sell undersea cable business amid trade feud with US Speaking to reporters in London during a three-day state visit to the UK, Trump denied the US would [...]
UK startups break records with $4.8bn VC funding this year June 4, 2019 UK tech startups have already broken past their half-year record for venture capital investment, reaching $4.8bn (£3.8bn) of funding across the burgeoning tech sector in just five months. It topped the previous record set in the first six months of 2017 of $4.2bn, according to data from Tech Nation and Dealroom through their new Data [...]
FCA pushes ahead with P2P lender investment cap June 4, 2019 The City watchdog will implement a cap for first time peer-to-peer (P2P) investors as it clamps down on the sector. The Financial Conduct Authority (FCA) confirmed today that it will introduce a 10 per cent investment cap. Read more: Top business leaders back UK-based P2P property lender Investors must pass a test to prove they [...]
Trump: NHS up for grabs in free trade deal June 4, 2019 Donald Trump believes the NHS should “absolutely” be up for discussion in any trade deal between the UK and the US. Read more: UK can strike ‘substantial’ trade deal with US, says Trump In a press conference as part of his state visit to the UK today, the President claimed a post-Brexit agreement could see [...]