Goals ‘blocks’ Mike Ashley probe into £12m accounting crisis June 19, 2019 Goals Soccer Centre is accused of having “stonewalled” calls from its largest shareholder, Sports Direct, for an external probe into its £12m accounting crisis. Sports Direct billionaire Mike Ashley had urged Goals to green light an external investigation over fears about the scale of the accounting issues. Read more: Goals warns of weaker results amid [...]
Man pleads guilty to Nigel Farage milkshake assault June 18, 2019 A man today pleaded guilty to throwing a milkshake at Brexit party founder Nigel Farage in Newcastle city centre. Paul Crowther, 32, of Holeyn Road in Throckley, Newcastle-Upon-Tyne, admitted to charges of common assault and criminal damage at North Tyneside Magistrates’ Court today. Read more: Man charged with assault after milkshake hits Nigel Farage The [...]
Stiglitz’s 2020 vision: Left-wing economist makes a pitch for the soul of the Democrats June 17, 2019 Who will take on Donald Trump in next year’s battle for the White House? At the time of writing, an absurdly long list of Democratic hopefuls is dominated by Joe Biden, the septuagenarian former vice president who currently enjoys a huge lead in the opinion polls. Read more: President Trump endorses Boris Johnson as next PM [...]
Patient Capital shares fall as Woodford troubles deepen June 17, 2019 Shares in Neil Woodford’s investment trust fell more than six per cent this morning after it was revealed that it sacked its advisor in a row over risky investment valuations. Woodford Patient Capital’s stock dropped this morning following reports that the listed trust sacked Duff & Phelps last year. Read more: Hargreaves Lansdown raised concerns [...]
Tory leadership race: Matt Hancock backs Boris Johnson June 17, 2019 Health secretary Matt Hancock today threw his support behind Tory leadership race frontrunner Boris Johnson to become the country’s next Prime Minister. Hancock quit the Conservative leadership contest last week. He has now opted to support the favourite, Johnson, despite ruling out a no-deal Brexit in his own campaign. Read more: ‘A long way to [...]
Hargreaves Lansdown leads exodus from second Woodford fund June 13, 2019 Hargreaves Lansdown has led an exodus from Neil Woodford’s Income Focus fund adding to the trader’s woes following the suspension of his flagship investment vehicle. Woodford’s Income Focus fund has shrunk by more than £100m in less than two weeks, according to data from Morningstar. Read more: Woodford issues apology to suspended fund investors Assets [...]
Woodford issues apology to suspended fund investors June 12, 2019 Beleaguered trader Neil Woodford has issued a second apology to investors in his frozen £3.7bn fund, saying he had been disappointed with its performance “for some time”. The letter, which was sent to independent financial advisers yesterday, follows the suspension of Woodford’s Equity Income fund last week. Read more: Opening the fund gate: How to [...]
Trump’s bluster shows why we need a rethink on world trade June 12, 2019 Helicoptered in to London and driven around in The Beast – an armoured limousine – what will the US President have seen during his state visit to the UK? A man who famously eyes up every opportunity, Donald Trump saw a weakened UK, lost in the Brexit escape rooms and vulnerable to the dark arts [...]
Michael Gove has come back before and he can do it again June 12, 2019 When the front pages of weekend newspapers began to spill online last Friday night, I realised a story I had been working on for a year was about to explode. ‘Gove: My cocaine confession’ was the most stark headline, accompanied by the first instalment of a serialisation of my unauthorised biography of the environment secretary. The book [...]
Neil Woodford’s investment trust shares rise after slide triggered by fund suspension June 11, 2019 Neil Woodford’s listed investment trust’s stock rose this morning following a share price slide after the former star trader’s flagship fund was suspended. Shares in Woodford Patient Capital Trust were up more than eight per cent today. Read more: FCA chief Andrew Bailey calls on Woodford to waive management fees The suspension of Woodford’s Equity [...]