Neil Woodford’s billion-dollar baby turns four May 1, 2019 | City Talk By Dzmitry Lipski from interactive investor. Late last month, Woodford Patient Capital turned four. Having weighed in at launch at £800 million, making it the second-largest UK investment trust launch ever after Smithson Investment Trust, according to the AIC, Woodford's middle child has had some high-profile teething issues along the way. Total assets today stand at [...]
Prepare for take off: Heathrow airport expansion cleared by High Court May 1, 2019 The government today won a legal battle that had sought to stop its proposed £14bn expansion of Heathrow Airport. Read more: Revenue dips at Heathrow despite record passenger numbers Campaigners trying to block a third runway at the UK's biggest airport lost the High Court challenge after the court found that transport secretary Chris Grayling's airport national policy [...]
Tories enraged after Liz Truss gaffe lifts lid on £130,000 dinner between May, cabinet and former Russian politician’s wife May 1, 2019 Liz Truss has accidentally revealed that the wife of a former Russian senior politician and ally of Vladimir Putin paid the Tories £135,000 to have dinner with Prime Minister Theresa May and several other cabinet ministers – via an Instagram post. Read more: Truss urges Tories to back May's deal and says UK should slash [...]
Extinction Rebellion hates capitalism, but these climate change protesters wouldn’t exist without it May 1, 2019 The Extinction Rebellion protesters on the streets of London seemed to consist of two disparate interest groups: pensioners and the young. Their shared connection is that most of them – certainly in the former group – seemed to be affluent. An identical alliance was observed a few months ago in the rather unlikely setting of the [...]
Sainsbury’s profit plummets after spending £46m on failed Asda merger May 1, 2019 Sainsbury’s profits tumbled 42 per cent last year as the supermarket giant spent £46m on its failed merger with Asda, it revealed this morning. Read more: Watchdog kills Sainsbury's-Asda merger: What went wrong? The supermarket suffered a body blow last week when the Competition and Markets Authority (CMA) banned the proposed merger “in its entirety”, a [...]
Tech sector activity gets a boost despite falling optimism April 30, 2019 Business activity growth in the UK technology sector has recovered to its fastest pace since the second quarter of 2018, while optimism fell to a 10-year low. The strength of business activity rose to 54.4 in the first three months of 2019, up from 52.3 at the end of last year, according to data from [...]
Tech sector activity gets a boost despite falling optimism April 30, 2019 Business activity growth in the UK technology sector has recovered to its fastest pace since the second quarter of 2018, while optimism fell to a 10-year low. The strength of business activity rose to 54.4 in the first three months of 2019, up from 52.3 at the end of last year, according to data from [...]
Michael Gove meeting ‘disappointing’, says climate protest group Extinction Rebellion April 30, 2019 Climate protest group Extinction Rebellion has said it was left “frustrated” by talks with environment minister Michael Gove today, because he would not declare a climate emergency. Read more: Climate protesters blockade Treasury in action against finance sector Activists said Gove committed to discussions with London mayor Sadiq Khan on holding a citizens assembly on [...]
European elections poll: Conservatives trail Brexit party and Labour with 13 per cent of vote April 30, 2019 A new poll has put the Conservatives behind Labour, the Brexit party and Change UK as voters prepare for the European elections almost three years since 2016's vote to quit the EU. Theresa May's party is on track to win just 11 per cent of the vote in London, well behind Labour’s 28 per cent, [...]
Tom Watson leaves shadow cabinet meeting early over second referendum splits April 30, 2019 Labour’s deputy leader Tom Watson walked out of a shadow cabinet meeting today in a bust-up over leader Jeremy Corbyn’s position on a second Brexit referendum. Watson denied reports he stormed out of the meeting after copies of the party's EU manifesto document were not shared with the cabinet. Read more: Labour could bypass second [...]