Government criticised for refusal to extend financial watchdog’s remit October 10, 2019 The government has been criticised for refusing to back a policy that would allow the financial regulator to recommend changes to its remit after the chair of the watchdog warned that regulatory loopholes were being exploited by “bad people”. In a report released in August, the Treasury Select Committee (TSC) had recommended the Financial Conduct [...]
Donald Trump turns against longtime ally Fox News, saying impeachment poll ‘sucks’ October 10, 2019 President Donald Trump may have to expand his definition of the “lamestream media” after falling out with his longtime favourite news station, Fox News. The broadcaster published a poll today showing a majority of US voters want the President to be impeached. Read more: Trump says Fed reserve ‘don’t have a clue’ But Trump did [...]
Extinction Rebellion protester lies on top of plane at London City Airport to disrupt flight October 10, 2019 Paralympian James Brown has climbed up on top of a plane at London City Airport as a part of an Extinction Rebellion protest. Video footage streamed to social media shows the man using runway stairs to climb on top of the British Airways aircraft. Brown, who is reportedly blind, apparently boarded the plane before backing [...]
Nobel prize for literature awarded to Olga Tokarczuk and Peter Handke October 10, 2019 Polish author Olga Tokarczuk and Austrian writer Peter Handke have both been awarded the Nobel prize for literature. Tokarczuk, who was lauded for her “narrative imagination” and “encyclopedic passion”, was handed the prestigious award for 2018. Read more: Nationwide scoops £50m prize for small business lending Handke scooped up the prize for this year and [...]
Boris Johnson holds Brexit talks with Irish PM Leo Varadkar October 10, 2019 Boris Johnson is holding talks with Irish Taoiseach Leo Varadkar this afternoon to discuss the UK’s latest Brexit proposal. Number 10 said the pair will meet in North East England to “have detailed discussions” about the government’s proposal for a post-Brexit agreement on the island of Ireland. Read more: Brexit extension beyond halloween now priced [...]
National Grid: Britain’s power supplies will see out the winter despite Brexit October 10, 2019 Britain will have enough power and gas to see out the winter even with Brexit, but could need regular supplies of liquefied natural gas (LNG). The UK is set to leave the EU at the end of this month but the terms are still unclear. Read more: National Grid calls for security review following massive [...]
Merian Global agrees first acquisition since spinoff October 10, 2019 Merian Global Investors has agreed to acquire Kestrel Investment Partners’ multi-asset business, in its first acquisition since its management buyout from Old Mutual in June last year. The acquisition will boost Merian’s £26.4bn of funds under management with Kestrel’s $151m (£123m). Read more: Investment firm responsible for £1bn assets goes into special administration Kestrel’s entire [...]
Online cosmetics firm Cult Beauty hires advisers to explore sale October 10, 2019 Online cosmetics business Cult Beauty has reportedly hired advisers to explore a potential sale of the company. The firm, which is one of the UK’s fastest-growing online beauty businesses, has appointed JP Morgan to explore its options, Sky News reported. Read more: The Body Shop owner Natura buys Avon for £1.6bn Co-founders Jessica De Luca [...]
US diplomat’s wife will not return to UK over crash death, Trump note reveals October 10, 2019 The US diplomat’s wife involved in a car crash that killed a British teenager will not return to the UK to face justice, according to a note accidentally shown by President Donald Trump. Anne Sacoolas claimed diplomatic immunity and fled the country following a head-on collision near a military base that killed 19-year-old motorcyclist Harry [...]
DCMS chair Damian Collins calls for crackdown on fake news spread by ‘wealthy people’ October 10, 2019 A top MP has called for a crackdown on campaign groups funded by “wealthy people” that spread disinformation on social media. Damian Collins, chair of the Digital, Culture, Media and Sport (DCMS) select committee, warned that much of the discourse on social media was not spread organically but rather promoted by shady backers. Read more: [...]