Focus On Bermondsey: The London borough with the Shard in its back yard June 7, 2019 Seventy two households, all belonging to the Count Robert of Mortain, and collectively worth a grand total of 40 pence; this was the value of Bermondsey as recorded in the Domesday Book in 1086. Things have changed somewhat since then (Bermondsey wasn’t even an official part of London at the time), but few areas have [...]
We must not forget the value of the US special relationship June 7, 2019 75 years ago, Allied forces mounted Operation Overlord. The largest military operation ever attempted began the process of freeing the European continent from the jackboot of Nazi tyranny. So familiar are we with the general story of D-Day that it is easy to forget some of the extraordinary details. By June 1944, more than two [...]
Ban on Chinese telecoms vendors would add $62bn to Europe’s 5G bill June 7, 2019 A ban on buying telecoms equipment from Chinese vendors would add $62bn (£48bn) to the cost of 5G networks in Europe, according to an industry analysis. The Trump administration blacklisted purchases Huawei in May as part of a long-running dispute with the company. The United States alleges that Huawei is too close to the Chinese [...]
Sir Philip Green offers landlords cash to save Arcadia rescue plan June 7, 2019 Sir Philip Green has offered landlords £10m a year of his family’s cash to offset the impact of rent cuts in a bid to secure their backing to rescue his retail empire. Landlords had been asked to slash rental costs by 30 per cent to 70 per cent across 194 of Arcadia’s 566 UK and [...]
Boris Johnson’s leadership campaign receives £50,000 from CMC chief Cruddas June 7, 2019 Tory leadership candidate Boris Johnson has received a £50,000 donation to his campaign from CMC markets chief executive Peter Cruddas. Cruddas is one of the City’s leading figures and is the founder of the financial spread-betting firm CMC. Read more: Boris Johnson wins legal challenge against court summons He wrote the cheque for Johnson’s campaign [...]
Barnes & Noble bought by Waterstones owner Elliott for $476m June 7, 2019 US bookseller Barnes and Noble will be taken private by hedge fund Elliott Management in a $475.8m deal. The price of $6.50 per share represents a premium of 42 per cent on Wednesday’s price, a day before reports of a potential deal emerged. Read more: Waterstones acquires Foyles bookshops as it squares up to [...]
High Court blocks Boris Johnson court summons over Brexit claim June 7, 2019 Boris Johnson has won a legal challenge against a High Court summons to face charges of misconduct in a public office. Read more: Boris Johnson launches leadership bid as Trump comes to town The charges related to his Brexit referendum claim that the UK pays the EU £350m a week. Earlier today Johnson’s lawyers argued [...]
MPs to question Huawei as part of investigation into 5G security risks June 7, 2019 MPs are set to question Huawei on Monday as part of an investigation into the security risks that the Chinese telecom giants could pose to the UK. A leak in April from the National Security Council meeting revealed that Theresa May had approved Huawei’s bid to help build Britain’s 5G network, despite the USA’s claims [...]
Nigel Farage delivers letter to PM demanding Brexit party role in EU talks June 7, 2019 Nigel Farage has delivered his Brexit demands to the Prime Minister calling on his party to be given a seat at the EU negotiating table. On Theresa May’s final day as Conservative party leader, a beaming Farage arrived at 10 Downing Street to hand the outgoing Prime Minister a letter. Read more: Donald Trump tells [...]
British public’s inflation expectations hit 10-year high June 7, 2019 The British public’s expectations for inflation over the next five years has risen to the highest level in more than a decade. The Bank of England’s quarterly survey showed that the public’s average inflation expectations in five years has risen to 3.8 per cent, compared to 3.4 per cent in February. But short-term expectations over [...]