Friends, then rivals: Boris Johnson has the last laugh over Michael Gove June 20, 2019 First they were friends, then they were rivals, and now, Johnson is the victor. The lives of Boris Johnson and Michael Gove ran parallel for many years, before becoming intertwined during the EU referendum and split apart by an act of betrayal in the 2016 leadership contest. Johnson has now got his revenge for Gove [...]
BoE’s Mark Carney cautiously welcomes Facebook’s new currency Libra June 20, 2019 The Bank of England today said it will treat Facebook’s proposed cryptocurrency Libra with an “open mind”, and announced measures to prepare for the coming “payments revolution”. Read more: Facebook confirms launch of own cryptocurrency In a speech in the City’s Mansion House tonight, the Bank’s governor Mark Carney will praise Libra’s potential to “substantially [...]
Tory leadership race: Gove falls out as Johnson and Hunt make final two June 20, 2019 Michael Gove has been knocked out of the Conservative leadership contest this afternoon, setting the stage for Boris Johnson and Jeremy Hunt to battle it out in the race to become Britain’s next Prime Minister. The environment secretary failed to secure enough votes from fellow Tory MPs to reach the final ballot, with Johnson or [...]
Monsoon asks landlords to back rent cuts as part of rescue plan June 20, 2019 Monsoon Accessorize is planning to slash its rent bill for more than half of its stores, as it becomes the latest troubled retailer to turn to a controversial rescue plan in a bid to avoid collapse. The high street fashion chain is hoping landlords will back its planned rent cuts on 135 stores after offering [...]
Virgin boss urges ‘level playing field’ for airlines at expanded Heathrow June 20, 2019 MPs must launch an inquiry into the allocation of take-off and landing slots at an expanded Heathrow to ensure a “level playing field”, the boss of a leading airline has said. Shai Weiss, the chief executive of Virgin Atlantic, has said the current rules around slot allocation allow IAG, the owner of British Airways, to [...]
Fix the High Street June 20, 2019 I spend a lot of my life on the move. I live near Milton Keynes, my office is in London, and I spend half my time visiting our bases in New York and Los Angeles. I’ve got a lot of air miles, a screwed-up body clock and a ruthlessly controlled diary – as well as [...]
Iran made ‘very big mistake’ on drone attack: Trump sends oil prices soaring June 20, 2019 President Donald Trump has tweeted that Iran made “a very big mistake” in downing a US drone flying in international airspace, extending oil prices’ gains. The MQ-4C Triton drone was shot down over the Strait of Hormuz, south of Iran, according to Reuters. Read more: Oil prices surge after Iran downs US drone Reacting to [...]
Carbon chief: A green economy will be cheaper than you think June 20, 2019 The cost of ridding Britain of emissions by 2050 will not be as high as reported, the head of the Committee on Climate Change has said. His comments come after chancellor Philip Hammond claimed that the plans, adopted last week by the government, will cost the UK more than £1 trillion. Read more: Global banks [...]
Scottish Tory leader Ruth Davidson backs Michael Gove’s leadership bid June 20, 2019 Ruth Davidson, the leader of the Scottish Tories, has confirmed she is backing Michael Gove to be the next Prime Minister after her preferred candidate Sajid Javid was knocked out of the Tory leadership race. Davidson, who as a member of the Scottish parliament does not have a vote in the contest, originally supported Javid, [...]
Hedge fund manager John Paulson shutters London office June 20, 2019 Hedge fund manager John Paulson, who made billions of dollars by betting against subprime mortgages before the financial crash, has reportedly closed his London business. Orkun Kilic, the last remaining partner in the London office, has left the firm according to a filing to Companies House. Read more: Hedge funds ramp up bets against Jupiter [...]