Boris Johnson challenges Jeremy Hunt to commit to 31 October Brexit date June 25, 2019 Boris Johnson has challenged his leadership rival Jeremy Hunt to commit to bringing the UK out of the EU on 31 October – regardless of whether a deal has been agreed. In a letter published on his Twitter feed, Johnson argues Brexit must take place by the end of the extension period – or the [...]
London exchanges tell clients they may have to delist Swiss stocks in EU equivalence row June 25, 2019 London-based exchanges have warned clients that they will be unable to trade Swiss stocks after 30 June because of a spat between Switzerland and the European Union. Cboe Europe, Aquis Exchange and UBS have all told clients they will be unable to trade Swiss stocks in London starting next week. In a note to clients [...]
Car crash for Lookers: Motor dealer’s shares dive as FCA launch probe June 25, 2019 Motor retail giant Lookers suffered a crash in its share price this afternoon after revealing that the City watchdog is probing its sales practices. The car dealership chain’s share price dived 25 per cent this afternoon as the firm said that the Financial Conduct Authority (FCA) “intents to carry out an investigation into the company’s [...]
First Group chairman resigns after defeating Coast Capital’s boardroom coup June 25, 2019 First Group’s chairman has resigned despite defeating an attempt by activist investor Coast Capital to oust him from the board. Wolfhart Hauser has stepped down and will not stand for re-election at the company’s next annual shareholder meeting. Around one in four shareholders, excluding Coast, voted against the New York Hedge fund’s 13 resolutions, Press [...]
Sandfire takes MOD Resources private in £91m deal June 25, 2019 An Australian miner will pay AU$167m (£91m) for London-listed MOD Resources, it said today, in a deal back by at least one major shareholder. Sydney-listed Sandfire said the deal gives it a chance to take on the “under-explored” Kalahari copper belt in Botswana. Read more: Shareholder Barrick ‘undermined’ our efforts to negotiate $190bn tax bill, [...]
ITV bosses slammed over ‘irresponsible’ lie detector tests on Jeremy Kyle Show June 25, 2019 MPs have blasted “irresponsible” ITV bosses for using lie detector tests on The Jeremy Kyle Show without knowing how accurate they were. Senior ITV executives faced a grilling today as part of an inquiry into broadcasters’ duty of care following the apparent suicide of Steve Dymond, a former participant on the reality TV show. Read [...]
Boris Johnson reveals he makes models of buses to relax, and Twitter lost it June 25, 2019 As mayor of London Boris Johnson may have been more synonymous with his eponymous Boris bikes, but these days he is far more at home with buses, it would seem. The Tory leadership contest favourite has hit back at negative headlines after police were called to a domestic row between him and his girlfriend Carrie [...]
Apple says Spotify exaggerated user fee claims June 25, 2019 Apple has responded to a complaint by Spotify to the EU commission, stating it only collects a fee on less than one per cent of the music streaming platform’s userbase. Apple said in a filing Spotify pays a 15 per cent fee on about 680,000 of its 100m premium customers. It follows a complaint by [...]
Abbvie injects $63bn into takeover of Botox-maker Allergan June 25, 2019 US drugmaker Abbvie is set to buy the maker of Botox in a $63bn bid to reduce its reliance on a key drug. The cash-and-share deal for Allergan was announced today following reports in the Wall Street Journal. Read more: Pfizer confirms it has has scrapped its $160bn merger with Allergan – but UK pharma [...]
New Prime Minister to be revealed on 23 July June 25, 2019 The Conservative party has confirmed it will announce its new leader, the country’s next Prime Minister, on Tuesday, 23 July. Read more: It’s Boris vs Jeremy, so what happens next? Either Boris Johnson or foreign secretary Jeremy Hunt will become the new Tory party leader depending on the outcome of a postal vote among 160,000 [...]