Frozen Woodford fund falls 13 per cent since since June September 23, 2019 Neil Woodford’s frozen flagship Equity Income Fund (EIF) substantially underperformed its industry benchmark in September and will remain under lock and key as expected, the firm managing the suspension said. The fund has dropped 12.83 per cent since its suspension on 3 June, while the benchmark FTSE All Share total return rose 4.29 per cent, [...]
Labour conference latest: Unison urges members to back Remain September 23, 2019 The country’s biggest union has urged its members to go against the Labour leadership and back a motion that would make Remain the party’s unequivocal policy. Unison is expected to go against the recommendation put forward by the National Executive Committee (NEC) that would have left a final decision of what position to take regarding [...]
Boris Johnson: Don’t bank on Brexit breakthrough in New York September 23, 2019 Prime Minister Boris Johnson played down hopes of a breakthrough in Brexit negotiations as he jetted off to New York this morning. Johnson, who is set to speak to the German and Irish leaders when in the US, cautioned reporters that the trip may not be “the moment.” Read more: Sadiq Khan fires warning shot [...]
Boris Johnson blames Iran for drone attack on Saudi oil September 23, 2019 Boris Johnson this morning pointed at Iran for the drones that struck Saudi Arabia’s oil infrastructure, the first time the UK has assigned blame after the attack on 14 September. Johnson said that Iran was likely responsible for the attack, which took out about half of state producer Saudi Aramco’s oil production, while causing oil [...]
Mike Ashley kicks off £4m takeover for Goals Soccer Centres September 23, 2019 Goals Soccer Centre has said it is discussing a takeover bid with high street tycoon Mike Ashley after his Sports Direct said it wanted to take the company private, valuing it at £3.76m. Sports Direct, of which Ashley is the main shareholder, said it was offering 5p a share for the just over 80 per [...]
Hargreaves Lansdown founder slams Neil Woodford for not being ‘truthful’ about frozen fund September 22, 2019 One of the founders of Hargreaves Lansdown (HL) has slammed beleaguered asset manager Neil Woodford for apparently not being “truthful” about the performance of his flagship fund in the run up to its suspension. Peter Hargreaves, who founded the financial services firm alongside Stephen Lansdown in 1981, also criticised HL for not having realised that [...]
US to send troops into Saudi Arabia following oil attacks September 21, 2019 The US has revealed plans to send military forces into Saudi Arabia following the attacks against the country’s oil facilities last weekend. Speaking to reporters, secretary of defence, Mark Esper, said the deployment of troops would be “defensive in nature”. Read more: Oil prices post 6 per cent weekly gain despite last-minute dip It is [...]
Germany unveils new measures to tackle climate change September 21, 2019 Germany has unveiled a number of new measures to fight climate change following a 15-hour negotiation on Friday. It comes ahead of the UN’s climate summit in New York next week and was completed while thousands of people took to the streets around the globe to protest climate change. Among the new measures is an [...]
Jeremy Corbyn is the least popular opposition leader since 1977, study reveals September 20, 2019 Market research company Ipsos Mori has revealed that Jeremy Corbyn has the lowest satisfaction rating of any opposition leader since 1977. Using a new political monitor poll, the firm has established that the public are less satisfied with Corbyn than any of the other nine opposition leader since the survey began more than 40 years [...]
Trump denies reports he made promise to foreign leader prompting complaint September 20, 2019 US President Donald Trump has denied accusations that he made a promise to a foreign leader which sparked a complaint from an intelligence officer. The Washington Post has reported that the officer found it “so troubling” they felt the need to inform the department’s inspector general. Read more: Trump says he’s not thrilled with Fed [...]