Timetable set for Neil Woodford fund repayments December 13, 2019 Administrators have finalised details for the winding up of Neil Woodford’s Equity Income Fund (WEIF), the suspension of which triggered a scandal that led to the collapse of his investment empire. In a letter to investors today, Link Fund Solutions said the process of winding up the fund will begin on 18 January. The final [...]
Election survivors: All the MPs who only just held onto their seats December 13, 2019 With every General Election comes speculation that Westminster stalwarts and cabinet ministers might lose their seats, and this was no different. But for some, last night brought a sigh of relief, as campaigners hoping they would be ousted were proved wrong. Read more: General Election: Boris Johnson praises ‘stonking mandate’ for Brexit Theresa May For [...]
Donald Trump: Britain free to strike ‘massive’ trade deal with US after Boris Johnson election victory December 13, 2019 Traditionally, for the winner of a General Election, results day involves taking congratulatory calls from leaders across the globe. But in Boris Johnson’s case, US President Donald Trump has beaten the others to the punch, tweeting that he will soon bestow the re-elected Tory PM with a “massive” new trade deal once he has delivered [...]
US reaches deal ‘in principle’ with China December 12, 2019 The US today reached a preliminary deal with China to end the year and a half long trade war that has slowed global growth and dampened investment around the world. A source briefed on the talks told Reuters: “The written agreement is still being formulated, but they have reached an agreement in principle.” Read more: [...]
The chaos of Brexit is nothing compared to the risk of Jeremy Corbyn December 12, 2019 Every election is important, but some elections are indisputably more important than others. In the British context, the clearest examples of the past century have been 1945 and 1979. In both cases, the electorate decisively rejected the pre-election consensus that had held sway for an entire epoch. In 1945, Labour’s New Jerusalem and capture of [...]
US Congress and White House agree ‘best deal ever’ to replace Nafta December 10, 2019 US President Donald Trump and Nancy Pelosi have agreed on a replacement for the North American Free Trade Agreement (Nafta) with Canada and Mexico. The Democratic Speaker of the House of Representatives gave her support for the USMCA this afternoon. Read more: US and Canada quash fears with last-minute deal to revamp Nafta In exchange [...]
Whoever wins this election, our politics will remain in flux December 10, 2019 Nothing except an election lost can be half so melancholy as an election won. That’s what the Duke of Wellington might have said after he swapped the battlefield for politics. Come Friday morning, each of the major parties will be reckoning with the result — and may find pain in victory as well as defeat. [...]
Neil Woodford shuts offices as investment business winds down December 10, 2019 Neil Woodford’s investment company has moved out of its Oxfordshire offices as the business continues the process of closing down. Former star stockpicker Woodford announced that he was shutting down Woodford Investment Management in October, following a dramatic fall from grace that had seen his flagship fund frozen for several months. Read more: City regulator [...]
Sorrell’s S4 Capital appoints two new directors as it turns focus to Asia December 10, 2019 Sir Martin Sorrell’s digital ad firm S4 Capital has appointed two new directors to its board as it turns its focus to Asia. S4 today announced that Naoko Okumoto and Margaret Ma Connolly will join as non-executive directors with immediate effect. Read more: Martin Sorrell’s S4 Capital boosts revenue and profit The appointments mean that [...]
Amazon sues Pentagon over claims Trump to blame for failure to win $10bn defence contract December 9, 2019 Amazon has opened legal proceedings against the Pentagon, alleging that the online giant was denied a $10bn (£7.6bn) US defence contract due to US President Donald Trump’s personal vendetta against chief executive Jeff Bezos. In a court filing made public today, Amazon claimed that its failure to secure the contract was result of improper pressure [...]