UK government takes stake in miner after £71m injection Energy The government’s National Wealth Fund is set to pump £71m into miner Tungsten West in a bid to help reopen the Hemerdon mine in Devon. The funding package combines a £36m share purchase, which will hand the government a 7.4 per cent stake in Tungsten and a seat on the board of directors, and a [...]
FTSE 100 Live: Pound at 2021 high as Trump shrugs at dollar woes Markets Good morning and welcome back to the City AM liveblog. Has the mining sector’s rally finally run out of steam? It appeared so on Tuesday, where City banks helped lift the FTSE 100 out of the red as miners across the board sank despite the ever-increasing price of precious metals. Fresnillo – the best performing [...]
Norman Tebbit was the natural heir to Thatcher City Talk John Redwood shares his reminisces of Norman Tebbit, a giant of Conservative politics Norman Tebbit was a towering figure in the Thatcher Cabinet. I worked closely with him as Margaret’s chief policy adviser in the middle years of her government. He was often the minister around the Cabinet committee tables who went straight to the [...]