Fresh trouble for Neil Woodford as Benevolent AI valuation drops July 7, 2019 Beleaguered fund manager Neil Woodford could be facing fresh trouble as one of his biggest bets is reportedly braced to suffer a drop in its valuation. London-based tech firm Benevolent AI is said to be raising money at a level well below its $2bn (£1.6bn) valuation, the Sunday Times reported. Read more: Neil Woodford cuts [...]
UK going through a ‘political nervous breakdown’, says former MI6 chief July 6, 2019 The former head of MI6 has said that the UK is going through a “political nervous breakdown”. Sir John Sawers has taken aim at Tory leadership candidates Boris Johnson and Jeremy Hunt, claiming that Britain could soon have a Prime Minister who does “not have the standing that we have become used to in our [...]
Boris Johnson to crack down on crime and demand immigrants speak English in latest campaign pledges July 6, 2019 Tory leadership candidate Boris Johnson has suggested that he will introduce tougher sentencing for violent or sexual offenders should he become Prime Minister. He also said that immigrants coming to the UK must learn English as he made a series of campaign pledges ahead of a busy Saturday for rival Jeremy Hunt and himself. Read [...]
Former Metropolitan Police chiefs blame Theresa May for ’emasculating’ forces and leaving Britain in fear July 6, 2019 Five former heads of Scotland Yard have penned a letter to Theresa May blaming her for the “emasculation of British policing”. The former police commissioners said May was responsible for leaving the public in fear, that resources had been “drained to dangerously low levels” and victims had “perilously low expectations”. Read more: Police evacuate Lloyd’s [...]
Tory members ‘issued two ballots’ by mistake ahead of leadership vote July 6, 2019 A number of Conservative members have received two ballot papers to vote for the next party leader and Prime Minister. There are more than 1,000 members affected, the BBC has been told by a party insider. Read more: Hunt is right to take a firm line on China The Tory party warned voters that voting [...]
Boris Johnson denies being shut out of top secret meetings as foreign secretary July 5, 2019 Boris Johnson has denied claims he was frozen out of sensitive security meetings when he was foreign secretary, saying: “It’s not true.” Read more: Boris Johnson backs Hong Kong protestors ‘every inch of the way’ The Tory leadership frontrunner told a hustings in Darlington that he was “extremely dubious about the provenance of this story”. [...]
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 [...]