Huawei founder Ren Zhengfei says China should not retaliate over US trade ban May 27, 2019 Huawei’s founder has slammed US President Donald Trump over new trade restrictions on his firm, but insisted China should not retaliate against the measures. Ren Zhengfei admitted new laws effectively banning US companies from doing business with Huawei would hamper the firm’s growth, but said Beijing was unlikely to retaliate against American rival Apple. Read [...]
Grannies head back to work as the number of over-70s in employment soar May 27, 2019 The number of over-70s working during what would otherwise be their retirement has more than doubled in the last ten years as pensioners try to supplement their incomes, new figures show. Around one in 12 of Brits over 70 are choosing full or part-time employment over full retirement, analysis from over-50s jobs and volunteering site [...]
EU election results: Tories and Labour suffer heavy losses as Brexit party tops scoreboard May 27, 2019 Labour and the Tories have suffered a humiliating defeat in the European elections, having haemorrhaged votes to Nigel's Farage's Brexit party which won 29 seats in the European parliament. The Tories had one of their worst nights in electoral history, winning just four seats in the European Parliament and coming fifth place overall. Labour also performed badly, winning just [...]
German index provider Solactive invests in UK proxy firm Minerva Analytics May 27, 2019 German index provider Solactive has taken a stake in UK proxy firm Minerva Analytics. The deal will allow Minerva, which is based in Essex, to expand its research and client service capability through Solactive’s offices in Frankfurt, Hong Kong and Toronto. Read more: Interserve wins support of another proxy adviser as crunch vote beckons Minerva, [...]
Philip Hammond warns Tory leadership candidates against pursuing no-deal Brexit May 26, 2019 The Chancellor Philip Hammond has warned prospective Tory leaders not to ignore parliament by pursuing a no-deal Brexit. A number of leadership candidates, including bookies’ favourite Boris Johnson and former Brexit secretary Dominic Raab have made it clear they would walk away from negotiations and leave the EU without a deal on 31 October if [...]
Fiat Chrysler and Renault in advanced talks over comprehensive tie-up May 26, 2019 Fiat Chrysler and Renault have entered talks over a global partnership to strengthen both firms amid a challenging environment for car manufacturers. The two car giants have been in advanced discussions over a deal to forge “extensive ties” to tackle challenges facing the auto industry, the Financial Times reported. Read more: Renault to propose joint [...]
Cobra Beer founder Lord Bilimoria set to be appointed next CBI president May 26, 2019 Cobra Beer founder and second referendum backer Lord Bilimoria is the leading candidate to become the next president of the Confederation of British Industry (CBI). The entrepreneur has been lined up to replace Tesco chairman John Allan at the helm of the influential business lobbying group, Sky News reported. Read more: Cobra's Lord Karan Bilimoria [...]
Michael Gove becomes eighth Tory MP to officially join leadership race to succeed Theresa May May 26, 2019 Michael Gove has officially entered the Tory leadership contest, becoming the eighth MP to join the race to succeed Theresa May. The environment secretary confirmed he would be running against Boris Johnson in a repeat to the 2016 leadership contest, which was won by May. Read more: Tory leadership race: Who are the leading candidates? [...]
Goldman Sachs ramp up no deal Brexit chances after Theresa May resigns May 26, 2019 US investment bank Goldman Sachs has ramped up its probability of a no-deal Brexit as leading Conservatives put themselves forward to replace Theresa May as Prime Minister. Goldman Sachs analysts raised the chances of the UK leaving the EU without a deal from 10 per cent to 15 per cent, citing the emergence of hardline [...]
UK peer-to-peer finance company Lendy collapses amid investigation May 25, 2019 UK property finance firm Lendy has collapsed and administrators from RSM have been appointed following a court order on Friday afternoon. The lender is under investigation by financial regulators, and the Financial Conduct Authority (FCA) said the appointment was made "following action taken by the FCA". Read more: Treasury launches probe into FCA's review of London Capital & Finance "There is [...]