Markets brace as Trump threatens Mexico with 25 per cent tariffs over immigrants May 31, 2019 US President Donald Trump is set to slap fresh tariffs on all Mexican imports next month, in a shock move that could threaten a recently-agreed major trade deal between the two sides. Read more: Mueller says 'not an option' to charge Trump over Russia inquiry The White House warned late last night that the US [...]
It’s D-day for Schleck May 31, 2019 CYCLING: Front-runner Andy Schleck believes his battle with Albert Contador to win the Tour de France will be decided during today’s climb up Col de Tourmalet. Defending champion Contador holds an eight-second lead over the Luxembourg rider with four stages remaining, but Schleck said: “I believe the Tour will be decided on the Tourmalet – [...]
Tory leadership contest can spark a much-needed debate on the future of tax May 31, 2019 Should the Conservatives slash taxes? Social media star Liz Truss certainly thinks so, arguing yesterday that "taxes hold back growth, and by cutting rates in a targeted way we can turbocharge economic growth and boost wages so the overall tax burden falls." Her leadership rival Dominic Raab has also made headlines this week by pledging [...]
The CBI had a chance to look beyond the Brexit debate, and they blew it May 31, 2019 The Tory leadership election resembles a family dinner that starts off friendly enough but which will, inevitably, descend into a wine-soaked argument. And that’s before we’ve even got into policy details. The front-runners are currently gung-ho about a no-deal Brexit but those that aren’t, notably Matt Hancock and Rory Stewart, are keen to talk up their [...]
City Moves for 31st May – Who’s switching jobs at Irwin Mitchell, Paysafe and Barclays? May 31, 2019 Today's City Moves includes Irwin Mitchell, Paysafe and Barclays. Irwin Mitchell Irwin Mitchell has appointed a new chief financial officer. Richard Allen joins the Irwin Mitchell executive board after a spell of almost five years as group financial controller at Drax Group. He replaces Andrew Merrick who has been at Irwin Mitchell for six years [...]
Yacht a result: Smooth sailing for luxury manufacturer Princess as it cruises to record results May 31, 2019 Britain’s biggest luxury yacht maker has steamed ahead of its rivals over the last year, enjoying record turnover and profit. Read more: Yacht the hell? Lack of interest sinks London boat show Princess Yachts enjoyed a 24 per cent rise in turnover to £340m and a 178 per cent rise in operating profit to £30m for [...]
UK consumer confidence holds up in May despite Brexit impasse May 31, 2019 Consumers were feeling more upbeat about the British economy in May than they were in April despite Brexit, a new survey has shown, although confidence was well below the longer-term average. Read more: Warm-weather pub trips boost tepid consumer spending growth in April Meanwhile, more people felt positive about their personal financial situation than during [...]
London business confidence falls in May as Brexit chaos continues May 31, 2019 Business confidence in London fell nine points in May to 10 per cent, according to a study published today. Companies in the London region reported lower confidence in their business prospects, with a 12 point fall to 16 per cent, the report from Lloyds Bank showed. London firms’ hiring intentions showed a net balance of [...]
We need reform – but that does not make Marx right May 30, 2019 KARL Marx is not exactly back, but he is being mentioned far more frequently these days, and not just on the steps of St Paul’s. I was even asked recently (by an accountant whose pay probably put him in the UK’s top one per cent of earners) whether I thought that elevated levels of unemployment [...]
Uber loses $1bn in first quarterly results since stock market float May 30, 2019 Uber has reported a $1bn (£790m) loss in its first quarterly financial report as a public company, despite revenue rising by one-fifth. Read more: Uber partners with insurtech start-up to offer digital insurance The loss will not come as a surprise to investors in the ride-hailing giant, after it already predicted the figure in a [...]