London Capital & Finance investors could be entitled to compensation June 28, 2019 London Capital & Finance (LCF) investors could be entitled to compensation following the collapse of the mini-bond lender. The company went into administration in January owing £236m to more than 11,000 investors who were unable to claim compensation as issuing mini-bonds is not a regulated activity. Read more: Police arrest fifth man in London Capital [...]
Trump jokes to Putin at G20: ‘Don’t meddle in the election, please’ June 28, 2019 Donald Trump has playfully warned Vladmir Putin not to “meddle” in the 2020 US election, smiling and waving his finger at the Russian president. The US president met face to face with Putin today as the G20 summit in Osaka gets underway. Read more: Putin says liberalism has “become obsolete” and praises “talented” Trump He [...]
Nokia warns UK over use of Huawei 5G kit in swipe at rival June 28, 2019 Telecoms firm Nokia has warned the UK against using equipment made by its Chinese rival Huawei, citing concerns about network security. The Finnish firm said Huawei kit had security vulnerabilities that posed a risk to 5G networks and insisted rival vendors were more reliable. Read more: Blanket bans ‘not the answer’ to Huawei question, report [...]
Woodford trust cuts debt to calm investors June 28, 2019 Woodford Patient Capital Trust has revealed plans to cut debt and strengthen its board to reassure investors following a drop in the listed trust’s share price. The trust shares holdings with Neil Woodford’s suspended equity income fund and has been hit by concerns that it could be impacted by forced selling of assets. Read more: [...]
Vladmir Putin calls liberalism ‘obsolete’ ahead of G20 summit June 28, 2019 Russian president Vladmir Putin has labelled liberalism as “obsolete” ahead of the latest G20 summit, which gets underway today. The 66-year-old claimed that the dominant ideology throughout western Europe had “outlived its purpose” during a wide-ranging interview with the Financial Times. Read more: US and China agree tentative trade truce ahead of G20 summit “[Liberals] [...]
Should 160,000 Tories choose our next Prime Minister? Yes, actually June 28, 2019 Discussing the Tory leadership election on Sky News earlier this week, host Adam Boulton asked me why the party members seemed so relaxed about Boris Johnson’s controversial private life. “Isn’t this the party of family values?” Boulton asked. It’s a fair point. Three quarters of the party’s 160,000 members believe that “young people today don’t [...]
Legoland owner Merlin Entertainments secures £4.8bn takeover offer June 28, 2019 Legoland and Madame Tussauds owner Merlin Entertainments today said it has secured a £4.8bn takeover offer led by the owners of Lego. Merlin said it has reached an agreement on an offer of 455 pence per share tabled by Kirkbi, the investment vehicle of the Danish billionaire family behind Lego, and private equity firm Blackstone. [...]
Tory leadership contest: Boris Johnson plans emergency budget for no-deal Brexit June 28, 2019 Boris Johnson is set to outline an emergency budget featuring heavy tax cuts in the event of a no-deal Brexit, it is reported. Read more: Jeremy Hunt accuses Boris Johnson of getting Brexit facts wrong The Tory frontrunner and favourite to be Britain’s next Prime Minister has committed to leaving the EU with or without [...]
At last, a sensible immigration plan – and it comes from Boris June 28, 2019 It is not often that I agree with Boris Johnson. But when the frontrunner to be the next Prime Minister announced his immigration proposals yesterday, for the first time in this leadership race I found myself on Team Boris. In a digital hustings, Boris revived an idea that he had trumpeted during the Vote Leave [...]
DEBATE: Should London follow Berlin and introduce rent freezing? June 28, 2019 Should London follow Berlin and introduce rent freezing? Gina Miller, founding partner at SCM Direct, says YES. I appreciate that many economists say rent control forces rent down, which can lead to landlords reducing the stock of rental property. But as the economics professor Richard Arnott has stated: “real-world rent control, at least in its [...]