Woodford share price tumbles as it devalues holding in cold fusion company August 23, 2019 Shares in Woodford Patient Capital Trust (WPCT), the listed fund of beleaguered stockpicker Neil Woodford, dropped over six per cent this morning after the company was forced to cut the value of one of its largest holdings, a controversial energy company backed by celebrities including Brad Pitt. WPCT said this morning that Link Fund Solutions [...]
Putin critic Navalny freed from jail August 23, 2019 Russian opposition leader Alexei Navalny has been released from prison, his spokesperson confirmed this morning. Navalny, President Putin’s most prominent critic, had spent 30 days behind bars for violations of the country’s law on protesting. Read more: Theresa May demands Salisbury poisoning suspects face justice ahead of Vladmir Putin talks He was locked up after [...]
Land of the car? Trump slams Ford for backing stricter emissions rules August 22, 2019 Donald Trump has found a new target for his Twitter ire: the global automotive industry. The US President yesterday mounted a series of attacks on car makers for snubbing his plan to roll back Obama-era fuel efficiency rules, singling out Ford for instead siding with a California state deal which proposes stricter emissions standards. Read [...]
Trump scraps Denmark trip over Greenland grudge August 21, 2019 Donald Trump has cancelled his trip to Denmark after the Danish Prime Minister told him Greenland was not for sale. Over the weekend Mette Frederiksen shrugged off the US President’s suggestion that he buy the island – which is a semi-autonomous Danish territory – as a joke and dubbing it “an absurd discussion”. But Trump [...]
Give Corbyn some credit – he helped to deliver Brexit August 20, 2019 When the history books are written, Boris Johnson may well be remembered as the man who delivered Brexit. But there is someone else who would deserve almost as much credit for Britain’s departure from the EU: Jeremy Bernard Corbyn. Admittedly, Corbyn’s current role in enabling Brexit is mostly involuntary. It turns out that he is [...]
Tory MP Oliver Letwin rules out backing Jeremy Corbyn to be caretaker Prime Minister August 17, 2019 Sir Oliver Letwin has ruled out supporting Jeremy Corbyn to become a caretaker Prime Minister in order to avoid no-deal Brexit. The senior Tory MP said having Corbyn in charge would do more damage than leaving the EU without a deal would. Read more: Corbyn fails to drum up support for plan to block no-deal [...]
German finance ministry warns no-deal Brexit a ‘high probability’ August 17, 2019 The German government believes there is a “high probability” that a no-deal Brexit will occur on 31 October. An assessment made by the finance ministry came to the conclusion it is “inconceivable” that Prime Minister Boris Johnson softens his stance on the Irish backstop. Read more: Corbyn fails to drum up support for plan to [...]
Corbyn fails to drum up support for plan to block no-deal Brexit August 15, 2019 Jeremy Corbyn has been told there is no time for “political games”, as his plan of forming a temporary government to block a no-deal Brexit was rejected. The Labour leader has written to opposition leaders and senior backbench MPs, urging them to back a no-confidence vote in Prime Minister Boris Johnson. Read more: Corbyn calls [...]
Does your business have a Brexit plan? Good, now it needs a Corbyn plan too August 15, 2019 In the mid-1970s, when I was a 10-year-old in love with Choppers and Sherbet Fountains, the ideological war between Thatcherism and Bennism began. Small versus big state, low versus high taxation, light versus tight regulation, and private versus public ownership. Now, 45 years later, we have a neo-Thatcherite government facing a Bennite-controlled Labour party. And [...]
Sports Direct left looking like giant mugs as auditor Grant Thornton quits August 14, 2019 Sports Direct shares have tumbled to their lowest level since 2011 after it emerged that Mike Ashley’s retail empire could be left without an auditor, breaching stock market rules. The company is understood to have sought government advice over what would happen if it is unable to find an auditor after its current auditor Grant [...]