New Plusnet Mobile service will expand the company’s portfolio as a quad-play provider November 14, 2016 Plusnet announced today the launch of the UK’s newest mobile provider: Plusnet Mobile. The new mobile service from the Sheffield-based telephone, TV and broadband provider is the result of parent company BT Group’s acquisition of mobile network LIFE Mobile, part of the EE business. The new service will build on Plusnet’s award-winning portfolio and is [...]
The Trump-Hammond-Keynesian consensus is wrong: Higher infrastructure spending does not equal greater growth November 14, 2016 To a man with a hammer, everything looks like a nail. Or when it comes to the UK economy: to an economist who believed in fiscal stimulus in 2011, every period of time looks like an opportunity for more government spending. In the aftermath of Donald Trump’s victory last week, even his most vociferous left-leaning economic critics [...]
Donald Trump’s $1 trillion spending plan spurs global bonds sell-off as Dow reaches record highs November 14, 2016 The global bond market is undergoing a massive sell-off as investors weigh the implications of US President-elect Donald Trump’s unorthodox policy proposals. Today the yield on 30-year US Treasury bonds rose above three per cent for the first time since the start of January, owing to fears that inflation will rise once Trump’s policies take effect. [...]
Nutmeg raises £30m in latest funding round, the largest of its kind for fintech since Brexit vote November 14, 2016 Nutmeg announced today it has drummed up £30m in its latest round of funding, the largest raise in the fintech sector since the Brexit vote. The fintech pioneer will use the money from the funding round, which was lead by Hong Kong based independent financial advisory firm Convoy, to expand its product offering and rapidly grow [...]
Have you been pleasantly surprised by Donald Trump’s performance since the election? November 14, 2016 Tim Worstall, senior fellow of the Adam Smith Institute, says Yes. Pleasantly surprised is to put it mildly. The sight of special snowflake heads exploding in outrage all around has been hugely enjoyable. According to them, threats to deport 3m illegal immigrants seem to be different from the 3m deported under the Obama administration. The [...]
Deloitte report reveals high levels of mid-cap shareholder satisfaction over exec pay November 14, 2016 Only a "handful" of Britain's mid-cap companies have failed to receive majority shareholder support on exec pay according to a study of FTSE 250 companies. A combination of high profile shareholder revolts against executive pay earlier this year and Prime Minister Theresa May including it as a central pillar of her successful leadership bid, has focussed [...]
Adrian Ringrose to step down as Interserve begins successor search November 14, 2016 Support services giant Interserve is on the hunt for a new boss after announcing that its chief exec will stand down next year. Adrian Ringrose, who joined the board of the group 15 years ago and has manned the tiller as chief exec since 2003, won't be sticking around in any other capacity and plans [...]
The behavioural biases that explain why Mr Market is unruffled by Mr Trump November 14, 2016 The world is not short of comment and analysis following the election of Donald Trump as US President. In some ways, the coverage is indicative both of the result’s unexpected nature and its historical significance. It is fascinating, therefore, that an event of such magnitude has created barely a ruffle in stock markets. Step back from [...]
Brexit minister David Davis to hold monthly talks with Sadiq Khan as the UK quits the EU November 14, 2016 Brexit minister David Davis has agreed to hold monthly meetings with London mayor Sadiq Khan in a bid to make sure the capital's voice is heard as the UK moves to quit the EU. Although a final timetable has yet to be confirmed, Davis has agreed to begin the meetings with Khan ahead of Theresa [...]
Why Trump voters will now be suffering from Trumpgret November 14, 2016 It is fascinating, albeit in a sad way, to see politicians making promises they won’t or can’t keep. A prime example was Vote Leave’s pledge to hand the £350m per week sent to the EU to the NHS instead. It was scrapped from the campaign’s website the day after the Brexit vote. Last week’s election win by [...]