Richard Branson shares images of Virgin Voyages cruise liner July 4, 2019 Billionaire Richard Branson revealed images and details of his Virgin Voyages cruise line today, which will feature on-board gyms, 20 restaurants and cafes, and a record store. Branson said he had been “dreaming” of starting a cruise business since the beginning of his career. Read more: Sir Richard Branson looking for additional investment in Virgin [...]
Game management to sell shares to Ashley’s Sports Direct July 4, 2019 Directors at retailer Game have urged shareholders to accept a £52m takeover offer from Sports Direct, saying they intended to sell their own shares to Mike Ashley’s company. Read more: Game recommends Sports Direct takeover offer Game previously recommended the offer of 30p per share, which it said was “fair and reasonable”. The bid came [...]
DEBATE: Is Christine Lagarde a smart pick to take over from Mario Draghi at the European Central Bank? July 4, 2019 Is Christine Lagarde a smart pick to take over from Mario Draghi at the European Central Bank? Yes, says Pierre Ortlieb, an economist at OMFIF Christine Lagarde’s tentative appointment reflects the challenges that the ECB will face in its third decade. Post-crisis unconventional monetary policy and the Bank’s prominence in the continent’s capital markets have [...]
Tesla shares rally as firm makes record number of deliveries July 3, 2019 Tesla shares rallied today after the tech company announced it delivered a record number of electric cars in the second quarter. Elon Musk’s firm delivered 95,200 cars in the period, sending shares up 6.4 per cent to $238.92, the highest price in almost two months. Read more: Tesla boss Elon Musk rebrands on Twitter as [...]
Neil Woodford cuts staff numbers as fund suspension continues July 3, 2019 Embattled fund manager Neil Woodford is set to slash staff numbers at his firm’s headquarters following the suspension of his flagship fund. The redundancies are expected to affect a small number of staff at Woodford Investment Management’s Oxford office. Read more: Woodford sells shrimp shares on the stock floor The firm employed around 45 members [...]
London Pride 2019: Where is the parade and when does it start? July 3, 2019 There is less than a week to go until London Pride 2019, when the capital is set to host a parade that is bigger and brighter than any that have gone before it. Last year around 1m people attended the event as people from London and beyond participated in the capital’s biggest LGBT+ celebration. But [...]
Mark Carney warns trade war could ‘shipwreck’ global economy July 2, 2019 Bank of England governor Mark Carney today warned that a trade war could “shipwreck” the global economy. Speaking in Bournemouth today Carney said financial markets had recently experienced a “profound transformation” driven by growing concerns over the impact of rising trade tensions and policy uncertainty. Read more: No-deal Brexit would cost UK £90bn, warns Philip [...]
Woodford sells shrimp shares on the stock floor July 2, 2019 Neil Woodford has slashed his fund’s stake in Benchmark Holdings, a genetics firm that develops disease-resistant shrimp, offloading £23m of shares as his asset selling spree continues. The stockpicker’s company, Woodford Investment Management, cut its stake in Benchmark from 12.5 per cent to under 2 per cent in a transaction last Friday. Read more: Neil [...]
Hide and seek? Adventures in Borisland July 2, 2019 No-one who has observed British politics over the past 15 years could possibly think that Boris is shy of the media or dislikes his face appearing on the news. What on earth is going on?
Neil Woodford keeps flagship fund under lock and key July 1, 2019 Embattled stockpicker Neil Woodford remained defiant last night despite confirmation that his flagship Equity Income Fund will stay frozen for at least another 28 days. Read more: Woodford offloads stake in Raven’s property firm In a new video promoted on social media, Woodford defended his trademark strategy of focusing on “undervalued assets”, saying it “will [...]