Payday lender Quickquid lines up administrators October 24, 2019 Quickquid is on the brink of collapsing into administration following a crack down on pay day lenders. Cash Euro Net UK, which trades under the name Quickquid, has lined up Grant Thornton as administrator as it prepares for a potential insolvency process, which could be launched in the next few days, Sky News reported. Read [...]
McDonnell: We want to scrutinise Brexit bill – but winter coat is ready for snap election October 24, 2019 Shadow chancellor John McDonnell has said his “preference” would be for the Brexit bill to return to the House of Commons for full scrutiny – but said he is “always ready” for a snap election. Speaking after his intervention on the Queen’s Speech, the Hayes and Harlington MP said he had “ordered my winter coat” [...]
Norwegian Air enters into joint venture to cut capital expenditure October 24, 2019 Norwegian Air Shuttle will add 27 Airbus aircraft to its fleet after agreeing to a joint venture with one of China’s largest banks. A subsidiary of China Construction Bank – one of the “big four” Chinese banks – will own 70 per cent of the joint venture, which will finance the purchase of the Airbus [...]
Brexit latest: McDonnell slams Javid over ‘dereliction of his duties’ October 24, 2019 The chancellor and shadow chancellor locked horns today, with Labour’s John McDonnell accusing his opposite number of a “dereliction of his duties”. McDonnell pointed to the government’s “working majority of minus-45″, saying it was ” obvious that this Queen’s Speech is little more than a pretty crude election stunt”. He also slammed the Tories for [...]
Comcast profit beats estimates after boost from broadband and Sky deal October 24, 2019 Media and communications company Comcast has beaten Wall Street estimates for third-quarter profit, which were boosted by its acquisition of Sky last year. Comcast reported an 11 per cent rise in net profit for the third quarter, ahead of analysts’ expectations, driven by a rise in broadband customer numbers. Read more: BBC ‘may not be [...]
Litigation finance comes of age October 24, 2019 | Sponsored Once the preserve of hedge funds and other large institutions, private investors can now share in the potential high returns offered by litigation finance. The UK’s first litigation crowdfunding platform, AxiaFunder, which launched in January, enables primarily high-net-worth and sophisticated investors to provide funding to claimants who can’t afford to pay for their legal disputes. [...]
UK mortgage approvals slip to six-month low October 24, 2019 The number of new mortgages approved by UK banks fell to a six-month low in September, survey data has revealed, suggesting Britain’s property market is slowing as Brexit uncertainty continues. Read more: UK house prices suffer slowest October rise since 2008 Banking trade association UK Finance said banks gave the green light to 42,310 loans [...]
Why caution on Hong Kong is paying dividends October 24, 2019 | Sponsored Prudent investors will have been cautious on Hong Kong for some time, says Henderson Far East Income Fund Manager Mike Kerley; with Asia’s income growth coming from elsewhere. For anyone with an interest in the Asian growth story, the scenes in Hong Kong are very worrying. While no one could have foreseen the scale and [...]
Brexit secretary hammered over Northern Ireland checks October 24, 2019 Brexit secretary Steve Barclay has been hammered over the prospect of checks on goods coming in and out of Northern Ireland, after apparent inconsistencies in the government’s position. Earlier this week the minister admitted that firms in Northern Ireland would have to fill out export declaration forms when sending goods to Great Britain under the [...]
‘Super’ Mario Draghi’s ECB odyssey comes to an end October 24, 2019 European Central Bank (ECB) president Mario Draghi will today chair the final rate-setting meeting of his eight-year tenure. If not quite a poisoned chalice, his successor Christine Lagarde is certainly being left with an unappetising cocktail. Read more: Mario Draghi’s ECB reign ends with Eurozone ‘close to stagnation’ Growth in the bloc is slowing towards [...]