Neil Woodford registers new firm in Cayman Islands – report April 25, 2021 Disgraced stockpicker Neil Woodford has registered a new firm in the Cayman Islands as his bid to relaunch his career goes on. According to CityWire, new firm WCM Partners, which Woodford announced two months ago, has been registered in the tax haven. The move comes two months on from the start of the former star [...]
Dom Cummings denies leaking PM’s texts with James Dyson April 23, 2021 Boris Johnson’s former aide Dominic Cummings has this evening denied being the source of the leak of the Prime Minister’s texts to James Dyson. Writing in his blog, Cummings denied being the source of the leaks, saying he was “not directly or indirectly the source”. “I am happy to meet with the Cabinet Secretary and [...]
Biden’s proposal to double capital gains tax turns fragile rebound on its head April 23, 2021 Any economic recovery became a lot harder after last night’s selloff in US markets on reports that President Biden was looking to increase the rate of capital gains tax to 39.6 per cent for those Americans earning $1m a year or more, up from the current rate of 20 per cent, with some wealthier individuals [...]
‘Bitter’ Dominic Cummings accused of leaking Boris Johnson’s text messages to James Dyson and Mohammed bin Salman April 23, 2021 Boris Johnson’s former aide Dominic Cummings has been blamed for the leaking of the Prime Minister’s text messages. An internal inquiry has been launched into how messages between the Prime Minister and billionaire Sir James Dyson were leaked to journalists. But reports said Downing Street sources are pointing the finger at Cummings, who quit as [...]
Greensill: David Cameron made multiple attempts to lobby Bank of England April 22, 2021 David Cameron made multiple attempts to lobby Bank of England (BoE) officials over allowing collapsed financier Greensill access to the bank’s Covid Corporate Financing Facility (CCFF) scheme. Documents obtained by Freedom of Information request show that Cameron contacted officials five times in total over the “incredibly frustrating” issue. It is the latest saga in a [...]
Sports Direct founder Mike Ashley ordered to replace signage on 180-year-old department store in row with council April 22, 2021 Frasers’ boss Mike Ashley has been ordered to replace the letters of a 180-year-old landmark department store in Edinburgh. Ashley, the founder of Sports Direct, has been issued with a formal notice to Sports Direct International, now rebranded as Frasers Group, over work “executed to the listed building… having regard to the effect of the [...]
ECB day and trouble in travel while Bitcoin is oversold April 22, 2021 European futures are trading higher as traders pick up momentum from Wall Street, where we saw the Dow Jones index posting some strong gains. It seems like traders are taking every retracement in the stock market as an opportunity to jump back in or double down on their riskier bets, and this is pushing the [...]
HSBC manager writes viral post about overwork following heart attack April 21, 2021 The tale of what looked to be a stress-induced heart attack has gone viral on LinkedIn, after HSBC contractor Jonathan Frostick vowed to “restructure my approach to work” following his near-death experience. According to Frostick’s LinkedIn post, which has more than 200,000 ‘likes’ and nearly 11,000 comments as of Wednesday evening, the HSBC manager had [...]
Navalny allies arrested as Russia braces for nationwide protests April 21, 2021 Two of Alexei Navalny’s closest allies were arrested on Wednesday at the start of a planned day of mass protests in support of the jailed Kremlin critic. Lyubov Sobol, one of the faces of Navalny’s popular YouTube channel, and Kira Yarmysh, his spokeswoman, were both detained in Moscow, according to their lawyers. Navalny, Russia’s leading [...]
Hand it over: David Cameron ordered to show lobbying text messages April 21, 2021 Former prime minister David Cameron has been given two weeks to pass on the details of his text messages in which he attempted to lobby the chancellor on behalf of failed finance firm Greensill. In a letter to Cameron, the chairman of the Treasury select committee urged the former prime minister to release details of [...]