Conservative party conference 2015: Theresa May to announce plans for anti-immigration crackdown October 6, 2015 Home secretary Theresa May will harden her anti-immigrant rhetoric today, saying that mass immigration has harmed society. Speaking at the Conservative party conference in Manchester this morning, May is expected to say that there is "no case in the national interest for immigration of the scale we have experienced over the last decade". "When immigration is too high, when [...]
EU referendum: Lord Nigel Lawson says Lord Peter Mandelson has a “lack of self-confidence” over UK’s prospects outside the EU October 6, 2015 Lord Nigel Lawson has accused Lord Peter Mandelson of having an "astonishing lack of self-confidence" in the United Kingdom’s prospects if it left the European Union, in a showdown between the two veteran politicians. Speaking to an audience at the Royal Albert Hall, Lawson, who was last week appointed president of Conservatives for Britain, a [...]
SABMiller share price drops after rejecting informal megabrew offer from AB InBev worth £64bn October 6, 2015 SABMiller's share price dropped today following a report that the London-listed brewer had turned down an informal offer from AB InBev. The Belgian brewer Anheuser-Busch InBev had made an initial offer of about £66.4bn ($100bn), but it was rejected as too low, Bloomberg reported this morning. Both SABMiller and AB InBev declined to comment today. The informal [...]
Twitter Moments: Meet the new feature Twitter hopes will tempt users October 6, 2015 Twitter has launched a new feature called Moments, designed to make the social network a warm and welcoming place for new users. Pitched as "the best of Twitter in an instant", Moments curates a selection of the hundreds of millions of Tweets sent every single day. "We know finding these only-on-Twitter moments can be a challenge, especially if [...]
IMF: The world is close to recession – but UK and US to lead the way on growth as emerging markets struggle October 6, 2015 The world is perilously close to entering a recession again this year and the next, according to the new forecasts from the International Monetary Fund (IMF). The IMF has cut its forecast for global growth by 0.2 percentage points for 2015 and 2016, to 3.1 per cent and 3.6 per cent respectively, with most of [...]
Schroders’ long-time Pan-European Small Companies fund manager Rosemary Banyard steps down October 6, 2015 Schroders' veteran fund manager Rosemary Banyard is leaving after 17 years to pursue new opportunities. Banyard, who alongside Andy Brough heads up the pan-European small companies team, will step down from the company in March. She will oversee the transition, which includes Jean Roche joining the small and mid-cap team as a manager. Roche is currently at Hargreave Hale, [...]
Greggs share price jumps as baker ups full year expectations October 6, 2015 Greggs' share price jumped this morning on the back of results out this morning showing the baked goods retailer is on a (sausage) roll. The figures Greggs' own shop like-for-likes climbed 4.9 per cent for the 13 weeks to 3 October, with total sales up five per cent. Year-to-date own shop sales are up [...]
Conservative party conference 2015: George Osborne’s business rates announcement will mean commuter towns face serious funding issues October 6, 2015 By George he's done it! Yesterday's business rates announcement by the chancellor has made local government finance sexy again for the first time in 25 years. Back in 1990, the poll tax perished in a bonfire of political vanity after a furore over the botched scheme to reform domestic rates, a bugbear of the Tory shires. The [...]
London mayor Boris Johnson wins over delegates at Conservative party conference 2015 as he slams Jeremy Corbyn and ramps up the pressure over Heathrow October 6, 2015 London mayor Boris Johnson won over delegates at the Conservative conference in Manchester today with a wide-ranging speech that fuelled speculation the MP for Uxbridge will challenge chancellor George Osborne to be the party's next leader. Johnson, who sits in the Prime Minister's political cabinet but is often unafraid to challenge the government's positions, used his speech to a packed [...]
Institute of Directors: Politicians are looking at the UK’s productivity problems in the wrong way October 6, 2015 The government is looking at the so-called “productivity puzzle” in the wrong way, the Institute of Directors (IoD) argues in a new report out today. The business group says that ministers should have a bigger focus on promoting business “agility”, allowing firms to respond quickly and efficiently to various demands. IoD chief economist James Sproule, [...]