UK assets are very compelling when looked at on a global basis March 8, 2019 | Sponsored As City AM is chatting with Mark Slater, warnings of a ‘No Deal’ Brexit are again flashing across the media headlines. The biggest news story in town is impossible to ignore as Theresa May, Donald Tusk and co make painfully incremental progress in their high-stakes discussions about Britain’s EU exit. But as the politicians flounder, Slater’s [...]
What’s Mike Ashley’s game with Debenhams? March 8, 2019 | City Talk Mike Ashley is consistent in the way he always manages to surprise us. On Thursday night in a post-market RNS the Sports Direct boss announced he was planning a boardroom cull at Debenhams, installing himself as chief executive officer. Only the recently appointed Rachel Osborne would survive the cull. On Tuesday, after Debs warned on [...]
May presses EU to commit to Brexit backstop changes as parliament vote approaches March 8, 2019 The Prime Minister is set to urge the EU to commit to legally binding changes to the so-called Irish backstop today, as she seeks to get her Brexit deal through parliament. Read more: Theresa May is a home secretary dressed up as Prime Minister Theresa May will say the EU’s decisions can “have a big [...]
Debenhams shares bounce back as Mike Ashley launches power grab March 8, 2019 Shares in embattled department store chain Debenhams jumped as much as 25 per cent this morning after Mike Ashley launched an audacious bid to take control of the company. The retail mogul last night demanded an extraordinary general meeting of Debenhams shareholders, calling for all but one of the existing board members to be ousted. Read [...]
Former Trump campaign boss Paul Manafort jailed for financial crimes March 8, 2019 US President Donald Trump’s former campaign manager Paul Manafort has been sentenced to 47 months behind bars for fraud. Manafort was last year convicted of five counts of tax fraud, two counts of bank fraud and one of failing to disclose foreign bank accounts. Read more: Manafort to plead guilty to Mueller investigation charges The [...]
The Democrats have embraced the Trump trend of childish insults and illiterate ideas March 8, 2019 My worse fear has been realised: the 2020 presidential race is upon us. Like many readers, I’m not ready to re-board the political and emotional rollercoaster of 2016. But I cannot deny reality anymore: 2020 is in full-swing. Donald Trump has altered the tone and standards of debate in US politics. Many of his supporters [...]
Mike Ashley moves to oust Debenhams board and appoint himself as director March 7, 2019 Retail tycoon Mike Ashley has ramped up the pressure on embattled department store chain Debenhams this evening, after making an audacious bid to axe most of the firm’s directors and appoint himself to the board. In a surprise announcement made on the London Stock Exchange tonight, the billionaire magnate pledged to step down from his current role [...]
UK told to come up with ‘acceptable’ backstop solutions as Brexit deadline looms March 7, 2019 The government is under pressure from the EU to urgently find solutions to break the Brexit impasse by tomorrow. EU leaders have asked the UK to submit "acceptable" proposals by Friday to break the deadlock over the Irish backstop, which remains the main obstacle to the two sides coming to mutual agreement. Read more: Bank [...]
‘Tim Apple’: Donald Trump makes latest name gaffe with Apple boss Tim Cook March 7, 2019 US President Donald Trump has referred to Apple chief executive Tim Cook as ‘Tim Apple’ in his latest name-related gaffe. Trump met with the Silicon Valley boss during a White House meeting of the American Workforce Policy Advisory Board, which was set up to help the country manage the shift to automation and artificial intelligence. [...]
Trump was brave to leave North Korea empty-handed March 7, 2019 He came he saw, he left empty-handed. For the self-proclaimed consummate deal-maker that is President Donald Trump, it would not be an understatement to say that last week’s second summit with Supreme Leader Kim Jong-un on North Korea’s prospective denuclearisation did not go quite according to plan. Trump’s gamble had been that his personal rapport with [...]