Saudi Aramco to offer retail investors $10bn-worth of shares in blockbuster float November 10, 2019 Investors will start bidding for shares in Saudi Aramco next Sunday, as the starting gun fires in the race to own a part of the world’s most profitable company. In what could be the biggest ever stock market listing, Aramco said in its Initial Public Offering (IPO) prospectus over the weekend that it will offer [...]
Labour refuses to rule out unlimited EU immigration in Brexit deal November 10, 2019 Labour’s election coordinator has refused to deny the party would continue to allow uncontrolled immigration from the EU in its prospective Brexit deal. Labour’s Brexit policy, if it wins the election, is to negotiate a new deal with the EU and put it to the public in a confirmatory referendum. Read more: SNP leader Nicola [...]
Police watchdog denies delaying inquiry into Boris Johnson November 10, 2019 The police watchdog has denied it delayed releasing a report into whether to investigate Boris Johnson for criminal conduct in relation to conflict of interest claims. The Independent Office for Police Conduct (IOPC) is investigating claims that Johnson used his influence as mayor of London to award a £10,000 grant to American tech entrepreneur Jennifer [...]
China’s Jingye Group poised for British Steel takeover deal November 10, 2019 Chinese firm Jingye is set to agree a deal to buy British Steel tomorrow, in a move that is hoped to save more than 4,000 jobs at the company’s flagship plant in Scunthorpe. Advisers have been working on a draft agreement in recent days. Jingye is thought to be gearing up to pay a figure [...]
Lidl ramps up expansion plan with 230 new stores November 10, 2019 Lidl’s expansion spree is set to accelerate, with the German discounter planning 230 extra store openings. The new store plan, first reported today in the Sunday Times, is the latest in a string of bullish moves from Lidl and Aldi, which have been snapping up an increasing share of the grocery market. In a bid [...]
Kier property arm ‘targeted by US private equity firm’ November 10, 2019 American private equity firm Lone Star is said to be one of the bidders in the race to buy parts of Kier Group, as the embattled contractor looks to raise money. Kier is looking to sell off “non-core” parts of its business, with its housebuilding division, Kier Living, up for grabs. Read more: Kier suspends dividend [...]
Conservative peer and former Football League chairman Brian Mawhinney dies November 10, 2019 Conservative peer and former party chairman Brian Mawhinney has died at the age of 79. Mawhinney was an MP for Peterborough between 1979 and 1997, before becoming MP for North West Cambridgeshire between 1997 and 2005. Read more: Conservatives refuse to reveal the cost of election spending pledges The Belfast-born former radiology professor was party chairman [...]
Boris Johnson ‘wary of putting HS2 on scrap heap’ November 10, 2019 Prime Minister Boris Johnson has yet to make his mind up on the High Speed 2 rail project but called it “incredibly expensive” late last week, as a government-commissioned review into its future enters its final stages. Speaking on the campaign trail in Nottingham near one of the railway’s planned stops, he said he was [...]
People’s Vote chief executive Patrick Heneghan resigns amid sex harassment claims November 10, 2019 The People’s Vote new chief executive has resigned less than two weeks into the job pending an investigation into sexual harassment claims. Ex-Labour election strategist Patrick Heneghan has stepped away from the campaign after a tumultuous two weeks in the job, which included mass staff walkouts, a vote of no confidence and a data privacy [...]
Conservatives refuse to reveal cost of spending pledges November 10, 2019 Tory cabinet members have refused to say how much the Conservatives will pledge to spend as a part of the party’s manifesto. The party put out figures last night that show a Labour government would spend £1.2tn if elected and would bankrupt the country. Read more: General election 2019: Javid confirms ‘new fiscal rules for [...]