Penny Mordaunt poised to join Conservative leadership contest May 29, 2019 Defence secretary Penny Mordaunt is poised to join the increasingly crowded field of candidates seeking to succeed Theresa May as Prime Minister. In article for the Conservative Home website, set to be published at 9am on Thursday, Mordaunt warns the upcoming leadership contest must not descend into “a fight against competing factions” as she urges [...]
Deutsche Bank enters Britain’s mortgage market, launching regulated product May 29, 2019 Deutsche Bank Wealth Management has announced it will offer regulated mortgages to its private banking clients in Britain. Clients looking to buy houses in the UK and borrow £3m or more at competitive loan-to-value and interest rates will be able to use the product. The wealth manager will roll it out to clients who want [...]
City of London Police apologises after diamond and carbon credit fraud case collapses May 29, 2019 The City of London Police apologised today after the trial of eight defendants accused of fraudulent carbon credit and diamond sales collapsed. The trial was abandoned after the credibility of the prosecution’s expert witness Andrew Ager, who had been used in more than 20 previous trials, was called into question. It emerged in cross questioning [...]
Johnson’s allies leap to his side after Tory leadership candidate ordered to appear in court over £350m EU claim May 29, 2019 Boris Johnson’s allies have slammed a decision to summon him to court over claims he lied during the run-up to the Brexit referendum, calling them “politically motivated”. Read more: The next Tory leader is doomed before they have even started The flamboyant Tory leadership candidate, seen by many as the front runner to be the [...]
Cash out: Troubled Ladbrokes boss takes a punt on cutting pay in bid to stop investor revolt May 29, 2019 The chief exec of betting firm Ladbrokes is set to forego around £150,000 as he takes a gamble designed to quell shareholder unrest over his pay. Kenny Alexander, boss of Ladbrokes’ owner GVC Holdings, has agreed give up the majority of a recent pay rise from £750,000 to £950,000 after talks with the company’s board, [...]
Theresa May calls for return of maintenance grants for poorer students May 29, 2019 Theresa May will call for the reintroduction of maintenance grants for university students from poorer backgrounds on Thursday. The outgoing Prime Minister is backing a recommendation made by an independent review of further education, which calls for handouts of at least £3,000 for those from poorer backgrounds. Maintenance grants were axed in 2015 by then-chancellor George [...]
Solarcentury rules out IPO as search continues for buyer of £250m firm May 29, 2019 The UK’s largest solar company Solarcentury has ruled out a public float as it looks for a new owner in a deal which could reportedly reach around £250m. The firm, which builds solar projects across several continents, has seen interest from oil and gas utilities, large financial firms and other global players. Read more: Ofgem [...]
Activist investor hits out at First Group over results meeting ban May 29, 2019 An activist investor in First Group is furious that it has not been allowed to attend the transport company's full-year results meeting tomorrow. First Group is locked in a boardroom battle with US hedge fund Coast Capital, which owns a 9.7 per cent stake in the firm and is its largest shareholder. Coast has demanded [...]
Exterion Media rolls out new digital screens across London Underground May 29, 2019 Out-of-home advertising firm Exterion Media has boosted its partnership with Transport for London, unveiling plans to launch new digital screens across the Tube network. Exterion will roll out full-motion digital screens at five major Tube stations, in what it described as the largest launch of advertising screens at one time. So-called digital ribbons will be [...]
Mueller says ‘not an option’ to charge Trump over Russia inquiry May 29, 2019 US special counsel Robert Mueller, the man at the helm of a two-year inquiry into Russian interference in the 2016 US presidential election, has resigned from office. His statement marks the end of the inquiry, which also sparked concerns on the reported unconstitutionality of charging a sitting US president with a crime. Mueller called Russia’s interference as “a concerted [...]