Theresa May to travel to Paris and Berlin for critical Brexit talks April 8, 2019 Theresa May will head to Berlin and Paris on Tuesday in an eleventh hour bid to convince EU leaders to grant another delay to Brexit. The Prime Minister will meet with German Chancellor Angela Merkel and French President Emmanuel Macron just a day before a crunch Brexit summit in Brussels. The EU will use that [...]
As Brexit drags on, Brits want a rule-breaking leader to overhaul political system April 8, 2019 Brits want a strong leader who is willing to break rules to push through wide-reaching reforms to the political system, according to new data. Read more: Business optimism hits seven-year low as Brexit approaches Three years of Brexit turmoil since the EU referendum has left voters’ confidence in politics at a 15-year low, a poll [...]
Mortgage and investment platform Lendinvest secures £200m funding from HSBC April 8, 2019 Mortgage marketplace and property investment platform Lendinvest has secured up to £200m in funding from HSBC in order to launch its home loan product this year. The new funding will allow the London-based firm, which launched in 2008, to enter the regulated home loan market for the first time as it targets becoming a whole-of-market [...]
Smartphone sales to fall in 2019 as foldable phones fail to spark interest April 8, 2019 Global smartphone sales are set to fall again this year as consumers shun upgrades and hold on to their devices for longer. Shipments of mobile phones are expected to slip 0.5 per cent to 1.8bn in 2019, according to data published by research firm Gartner. Read more: Samsung warns of 60 per cent drop in [...]
The government must pause for thought before pushing ahead with “online harms” regulations April 8, 2019 A common view of the world goes thus – individuals and businesses do whatever they can to pursue their own self-interest, and must be kept in check by governments. As certain companies get bigger and bigger, greater regulations are required. While not entirely without merit, this dichotomous standpoint is excessively blunt and can result in [...]
Activist investor Ed Bramson hits back at Barclays and ramps up pursuit for seat on the board April 8, 2019 Activist investor Ed Bramson has launched another attack on Barclays’ investment bank as he urged shareholders to give him a seat on the board. Bramson, whose investment vehicle Sherborne Investors holds a 5.5 per cent stake, issued a plea to shareholders ahead of a crunch vote on his bid to become a director next month. [...]
Turkey’s central bank reverses ‘backdoor’ interest rate rise April 8, 2019 Turkey’s central bank has rolled back a “backdoor” interest rate rise used to prop-up the country’s currency, according to reports. The central bank is funding at its benchmark rate of 24 per cent amid tensions over an election result in Istanbul, the Financial Times reported citing a person familiar with the matter. Read more: UK [...]
Theresa May to head to Berlin to request short Brexit delay April 8, 2019 Theresa May will dash to Berlin tomorrow to persuade EU leaders to grant a short extension to Article 50 while the government still wrangles with how to progress with Brexit. The Prime Minister will meet German chancellor Angela Merkel tomorrow, a day before a crunch EU summit in which the bloc will consider whether to grant May's [...]
Jury discharged in trial of senior Barclays executives accused of financial crisis fraud April 8, 2019 The jury in the trial of four former senior Barclays executive accused of fraud for their part in a financial crisis-era emergency fundraising was discharged today. The high-profile case marks the first time senior bankers have faced court in a case related to the 2008-09 financial crash. In October the High Court quashed an attempt by [...]
Huawei’s ‘shoddy’ cyber security could lead to UK ban, says GCHQ April 8, 2019 Huawei could be banned in parts of the UK because its “shoddy” engineering practices create cyber security issues, a top GCHQ official has said. Dr Ian Levy, technical director of the National Cyber Security Centre (NCSC), said the UK may ban the Chinese firm’s equipment in sensitive areas such as Westminster in a bid to [...]