Government to announce emergency £2bn NHS funding injection August 3, 2019 The government will announce an emergency injection of cash into the NHS this weekend as Boris Johnson puts the public health service at the centre of his appeal to voters. Some of the plans are set to be revealed on Sunday as the Prime Minister looks to make an impact in his first 100 days [...]
Home secretary Priti Patel wants criminals to ‘feel terror’ August 3, 2019 New home secretary Priti Patel wants criminals to “literally feel terror” at the prospect of breaking the law. Patel said she wants to “empower” the police and put more officers on the streets, but distanced herself from previous comments supporting the death penalty. Read more: Johnson to begin recruiting 20,000 new police officers in next [...]
Boris Johnson visits damaged Derbyshire dam as storms expected August 3, 2019 Work to repair a damaged dam in Derbyshire and prevent it bursting has entered its third day as the Met Office warns of thunderstorms and possible flooding. Despite work being carried out to reduce the water level, the risk of collapse is still at a “critical level”, and there is a yellow weather warning in [...]
Mike Ashley and Philip Day in battle to buy Jack Wills August 3, 2019 High street giants Mike Ashley and Philip Day are embroiled in a battle to takeover Jack Wills, which is on the brink of administration. The billionaires’ companies, Sports Direct and Edinburgh Woollen Mill, are the two remaining bidders for the fashion chain, according to Sky News. Read more: Majestic Wine sells brand and stores for [...]
Europe select Kristalina Georgieva for IMF top job August 3, 2019 The Bulgarian chief executive of the World Bank, Kristalina Georgieva, has been selected as Europe’s choice to become the IMF’s managing director following a day of voting. Georgieva narrowly beat former chair of the eurogroup of eurozone finance ministers, Jeroen Dijsselbloem, and is now favourite for the role. Read more: Europe votes on IMF candidate [...]
Lloyds Banking Group chief executive Antonio Horta-Osorio sells £3.5m of shares in the bank August 2, 2019 The chief executive of Lloyds Banking Group Antonio Horta-Osorio today sold £3.5m of shares in the bank, according to stock market filings. Horta-Osorio sold 6.75m shares at an aggregate price of 52p, the filing shows. The value of the shares sold exceeded £3.5m. Lloyds’ share price fell 2.8 per cent today to 51.3p. Following the [...]
Europe votes on IMF candidate as Finland central bank governor withdraws from contest August 2, 2019 Finland’s central bank governor Olli Rehn has withdrawn himself from the race to become the IMF’s managing director. European finance ministers have been battling to take on the role, but unable to come to a unanimous decision, resulting in a vote. Read more: Mark Carney misses cut for IMF top job However, Rehn, joined another [...]
Why the RBS dividend joy is short-lived August 2, 2019 | City Talk While there’s much to like in the Royal Bank of Scotland interims, it’s still far from plain sailing. After years in the investment wilderness, RBS (LSE:RBS) is finally making its way back into the fold. A strong second quarter has helped to inflate the half-year numbers, with total income rising by 20 per cent and the earnings [...]
Majestic Wine sells brand and stores for £95m to focus on Naked Wines August 2, 2019 High street retailer Majestic Wine is set to sell all its stores as well as its brand for £95m as it transitions into an online-only company. US private equity firm Fortress is buying the outlets, securing 1,000 jobs as it committed to keeping the 200-store network, which had a turnover of £300m last year. Read [...]
Work and Pensions Committee chair Frank Field to stand against Labour in next election August 2, 2019 Work and Pensions Committee chair Frank Field is to fight for his seat at the next election against his former party, he said today. Field resigned the Labour whip last year, blaming the party’s problems with anti-semitism and accusing Labour of “intolerance, nastiness, and intimidation”. Read more: Labour MP Frank Field resigns, claiming party is [...]