Christmas can come too early – or at least the adverts can November 3, 2019 It’s just days since Halloween, but the Christmas advert season is well and truly upon us already. But not everyone is feeling festive yet. Market researcher Kantar Group has revealed that 67 per cent of shoppers think the adverts are too early. Read more: Toxic Tube a health hazard for commuters On the other hand, [...]
ECB warned over bond-buying’s effect on stock markets November 3, 2019 The European Central Bank’s (ECB) money-printing programme risks causing significant damage to stock markets, Wall Street analysts have warned new president Christine Lagarde. Read more: Mario Draghi defends his record at final ECB meeting The message of caution came as the ECB restarted its “quantitative easing” (QE) programme on 1 November, through which it digitally [...]
Boris Johnson feels ‘deep regret’ for missing his 31 October Brexit deadline November 3, 2019 Boris Johnson has apologised to Conservative party members for not fulfilling his 31 October “do or die” Brexit pledge. The Prime Minister continually claimed he would not ask for a Brexit extension, saying “he would rather die in a ditch” than ask Brussels to extend the 31 October deadline. Read more: Nigel Farage will not [...]
‘Financially illiterate’: Tim Martin has a scathing assessment of Glass Lewis advisory service November 3, 2019 Tim Martin, the boss of JD Wetherspoon pubs, has launched a broadside against shareholder adviser Glass Lewis, after it said investors should vote against the company’s pay policy. Glass Lewis, which is the second-biggest shareholder advisory service in the world, raised concerns about a “significant” increase in pay for the pub group’s finance chief for [...]
Sir Philip Green in talks to secure £300m by Christmas November 3, 2019 Embattled retail magnate Sir Philip Green is in talks with lenders about borrowing more than £300m that he needs by Christmas to pay off a loan secured against his flagship Oxford Street Topshop store. Read more: Sir Philip Green’s Arcadia reveals huge losses amid CVA controversy Among the possible suitors is US private equity company [...]
Conservative party tees up a National Insurance tax cut in its election manifesto November 3, 2019 Boris Johnson is preparing to give a tax cut of up to £460 to the country’s lowest earners if victorious at next month’s general election. The Conservative party is reportedly planning on doing this by raising the wage threshold at which people start to pay National Insurance as a part of the Tories’ election manifesto. [...]
Labour to spend £60bn on household energy programme November 3, 2019 The Labour party this morning announced a £60bn programme of housing improvements designed to cut carbon emissions 10 per cent by 2030. The initiative, which is the largest upgrade of UK households since the post-war reconstruction, will create 450,000 jobs by installing energy saving measures in almost all of the UK’s 27m homes. Read more: [...]
Former business minister Margot James will not run in the election November 3, 2019 Former business minister and Tory rebel Margot James will not stand at next month’s general election due to insufficient support from her local Conservative party. James was one of 21 Tory MPs to have the party whip removed in September for voting with opposition parties to stop a no-deal Brexit. Read more: Ten ex-Tory rebels [...]
M&C Saatchi in informal talks with M+A adviser Clarity November 3, 2019 Tory advertising agency M&C Saatchi is reportedly in talks with external advisers about a potential strategic overhaul, prompting speculation the company may be looking for a buyer. The ad agency – notorious for its involvement with Conservative party election campaigns – has lost more than half of its stock market value since the discovery of [...]
Ex-Donald Trump strategist Steve Bannon considers Daily Telegraph purchase November 3, 2019 Controversial former Donald Trump strategist Steve Bannon is organising a bid for The Telegraph to turn it into a vehicle for his brand of economic nationalism. It was reported last week that the title’s owners – tycoon twins Sir David Barclay and Sir Frederick Barclay – were looking to sell the national newspaper. Read more: [...]