Sir Richard Branson set to launch Virgin Galactic float on Monday October 24, 2019 Sir Richard Branson has announced that he is planning to float his space venture Virgin Galactic on the New York Stock Exchange on Monday. Branson said he hoped to be there to ring the bell himself as his space flight company becomes the first to go public next week. Read more: Boeing invests $20m in [...]
‘Unhappy’ deputy mayors look for Westminster move October 23, 2019 Two deputy mayors of London are seeking a move to parliament amidst claims the pair are unhappy with how Sadiq Khan runs City Hall. Deputy mayor for business Rajesh Agrawal and deputy mayor for housing James Murray have both been shortlisted to represent Labour in Ealing North at the next general election. Read more: Fintech boss [...]
Back to the future: London unveils first fully electric taxi since… 1897 October 23, 2019 A completely electric taxi hit London’s roads today, although the first fully electric vehicle came to the capital more than 100 years ago. The zero emissions Dynamo Taxi, made from a converted Nissan e-NV200 Evalia MPV, was unveiled as a part of the International Clean Air Conference at City Hall. Read more: Electric taxi cab [...]
Regulator denies pressuring administrator to close stricken Woodford fund October 20, 2019 The financial watchdog has hit back at claims it put pressure on administrators to close Neil Woodford’s flagship fund because the scandal surrounding its suspension was undermining confidence in the industry. Link Fund Solutions, which was responsible for overseeing the suspension of the £3bn Equity Income Fund (WEIF), announced on Tuesday that the fund would [...]
Brexit: When will MPs vote on Boris Johnson’s deal? October 19, 2019 Parliament will gather today for its first Saturday sitting in 37 years as MPs meet for a crunch vote on Boris Johnson’s Brexit deal. What time will Parliament sit? The House of Commons will sit at 09:30 BST with the finish time currently unknown. Peers will sit in the House of Lords at 10:00 with [...]
Three charts that show how MPs could vote on Brexit deal October 18, 2019 The House of Commons will sit on a Saturday tomorrow for the first time since the Falklands War, as MPs face a crunch vote on whether to back Boris Johnson’s Brexit deal. The Prime Minister may have got the deal past European Commission president Jean Claude Juncker, but his support in Parliament is on a [...]
Boris Johnson’s deal is on a knife edge as Angela Merkel calls on EU to support Brexit delay October 18, 2019 Angela Merkel is said to have told other EU leaders a Brexit extension would be inevitable should MPs reject Boris Johnson’s withdrawal deal. The German Chancellor told fellow European leaders they could not pretend there would be no extension if the UK requested one, according to reports. Read more: PM Johnson scrambles to save Brexit [...]
Watchdog hits back at claims it was ‘asleep at the wheel’ over Woodford October 16, 2019 The Financial Conduct Authority (FCA) has defended itself against accusations it was ‘asleep at the wheel’ ahead of the collapse of former star fund manager Neil Woodford’s investment empire. CMC Markets’ chief analyst Michael Hewson told City A.M. he thought the FCA “was probably asleep at the wheel” in the runup to the suspension of [...]
London Assembly makes way for police watchdog on Boris Johnson and Jennifer Arcuri inquiry October 16, 2019 Two Greater London Authority inquiries into conflict of interest claims against Boris Johnson have been put on hold after fears it could prejudice a police watchdog investigation. The London Assembly’s Oversight Committee has been investigating Johnson’s links to American businesswoman Jennifer Arcuri while he was mayor. Read more: Boris Johnson stays mum on Arcuri conflict [...]
Shares in Neil Woodford’s listed fund continue to fall after bruising day October 16, 2019 Shares in Neil Woodford’s investment trust have fallen again in early trading following a bruising day which saw the once-lauded fund manager’s empire collapse. Woodford was yesterday dismissed as the manager of his flagship Equity Income Fund (WEIF) and resigned from the Woodford Patient Capital Trust (WPCT) and Income Focus Fund. Read more: Woodford winds [...]