Boris Johnson likens Labour’s ‘NHS plot’ dossier to UFO pictures December 5, 2019 Prime Minister Boris Johnson has compared a leaked 451-page document Labour has heralded as proof of a plot to privatise the NHS to photos of UFOs. Labour leader Jeremy Corbyn revealed the unredacted documents detailing preliminary trade talks between the US and UK late last month, saying the files were proof that the NHS was [...]
Aston Martin shares jump as billionaire Lawrence Stroll ‘prepares to make offer’ December 5, 2019 Aston Martin shares have been given a much-needed boost this morning, after reports surfaced that billionaire Lawrence Stroll is gearing up to buy a major stake in the struggling car maker. Stroll, the father of Formula 1 driver Lance and owner of the Racing Point F1 team, is said to be seeking to head a [...]
London ad firm Ogury raises $50m to fuel international growth December 5, 2019 London-based mobile advertising firm Ogury has raised $50m (£38m) in fresh funding as it looks to expand into new international markets. Ogury today announced it has secured the backing in a round led by private equity firm Idinvest, with additional funds from various banks. Read more: Tech giants set to spend £25bn on advertising this [...]
Blackstone mulling £4bn offer for student property giant December 5, 2019 Private equity giant Blackstone is reportedly mulling a £4bn swoop on one of Britain’s largest student property developers. IQ Student Accommodation has attracted the attention of Blackstone ahead of a potential initial public offering (IPO) next year, according to Sky News. Read more: Capco will officially become a real estate investment trust The broadcaster has [...]
AJ Bell boss fears ‘domino effect’ after M&G fund suspension December 5, 2019 The suspension of M&G’s £2.5bn property fund risks triggering a “domino effect” in the sector as investors rush to withdraw their money, the head of investment platform AJ Bell has warned. Andy Bell told City A.M. the suspension could be “contagious” for the sector because a “domino effect” could lead to further property fund suspensions. [...]
TfL updates Tube map to include Crossrail stations for the first time December 5, 2019 Transport for London (TfL) has released a new Tube map for December that features several new Crossrail stations all the way out to Reading. The new map is the first to feature a section of the Elizabeth Line, which goes to Reading through Maidenhead, Slough, Langley, Burnham and Twyford. Crossrail – called TfL Rail on [...]
Electric cars take record UK market share as battery-powered vehicle sales surge 228 per cent December 5, 2019 Britain’s drivers bought more electric vehicles last month than ever before, as demand for fully electric battery cars surged more than three-fold. In November, pure electric battery car sales rose 228 per cent compared to the same period last year, with 4,652 of the vehicles registered. Read more: Electric dreams: How long until electric cars [...]
HSBC to bring in 40 per cent overdraft rate December 5, 2019 HSBC is set to bring in a controversial single overdraft rate of almost 40 per cent for its customers next year. Current rates are between 9.9 per cent and 19.9 per cent but all account holders will be charged 39.9 per cent by HSBC as of next March. Read more: Metro Bank boss to step [...]
Labour accused of ‘secret’ Whatsapp group to meddle in antisemitism inquiry December 5, 2019 Labour has been accused of using “secret” WhatsApp groups to interfere with the independent antisemitism inquiry, as part of testimony from 70 former staffers. The statements form part of a submission from the Jewish Labour Movement to the Equality and Human Rights Commission (EHRC), which is due to report its findings in the new year. [...]
What can the financial sector learn from dairy farmers? December 5, 2019 Nobody would travel with an out-of -date passport, so why should the world of finance be any different? And yet, many major institutions are at great risk of acting on outdated information as they navigate through the increasing complexity of modern-day markets. With so much out-of -date information out there, it is imperative to know [...]