Warren Buffett takes aim at Trump in annual letter February 24, 2019 Wall Street veteran Warren Buffett appeared to take aim at President Donald Trump over the weekend, after saying that individuals could not claim credit for success in the US economy. In a letter to Berkshire Hathaway shareholders on Saturday, the billionaire said that “it is beyond arrogance for American businesses or individuals to boast that [...]
MPs in uproar as Theresa May delays Brexit meaningful vote February 24, 2019 Number 10 has confirmed reports that the Prime Minister will delay this week's meaningful vote on her Brexit deal. Theresa May told journalists on board a flight to Sharm El Sheikh that the meaningful vote on her Brexit deal will now be held by 13 March – just two weeks until the UK's scheduled exit date [...]
Jeremy Corbyn needs to change the Labour party to solve the ‘crisis for its soul’, says Tom Watson February 24, 2019 Tom Watson has said Jeremy Corbyn must change to resolve the "crisis for the soul of the Labour party” that has escalated with the loss of nine MPs to the Independent Group. Labour's deputy leader warned that the party's approach to tackle anti-semitism in the party had "very patently…not been adequate", and that the loss of nine [...]
Theresa May warns Brexit must not be frustrated amid Cabinet mutiny over no deal February 24, 2019 Theresa May has said the government must maintain an "absolute focus" of delivering Brexit after senior Cabinet ministers warned they could vote to delay article 50 to thwart the chance of leaving without a deal. The Prime Minister told Tory party activists over the weekend that government "must not, and I will not, frustrate what was the [...]
Jeremy Corbyn will defend his Labour leadership at a rally on Saturday February 23, 2019 Jeremy Corbyn is set to defend his leadership of the Labour Party after nine MPs quit this week. The MPs quit to become independents with concerns over Corbyn’s approach to Brexit and the wider allegations of anti-semitism within the party. Corbyn is expected to remind supporters of the huge support he received at the 2017 [...]
US index S&P 500 posts highest close since November on China trade war optimism February 23, 2019 The S&P 500 hit a closing level high for 2019 and posted its highest close since November 8 on the back of news that the US and China trade war could be drawing to a close. Investors revelled in the news that talks were progressing well after top trade negotiators from both countries wrapped up [...]
Greg Clark, Amber Rudd and David Gauke issue Brexit delay warning February 23, 2019 Three cabinet ministers have warned that they will vote to delay Brexit if parliament does not approve a deal soon. Business secretary Greg Clark, work and pensions secretary Amber Rudd and justice secretary David Gauke told the Daily Mail that they would defy the prime minister and vote to extend Article 50 if no deal [...]
US and China extend talks as end to trade war nears February 23, 2019 The US and China have agreed to extend talks over a new trade deal in a sign that the two countries may be nearing an agreement. Chinese negotiators have agreed to stay in Washington to continue talks next week, it was announced on Friday. Chinese president Xi Jinpint said “progress” had been made in a statement [...]
Pound drops against dollar amid Brexit uncertainty February 22, 2019 The pound dipped to $1.29 against the dollar today after another week of ongoing Brexit uncertainty. Sterling dropped below $1.30 this afternoon as Theresa May was unable to renegotiate elements of the withdrawal agreement with the EU this week. Read more: Ofcom publishes no-deal Brexit draft broadcast TV licences May failed to reopen negotiations however, [...]
Chickens come home to roost for Mike Coupe as Sainsbury-Asda deal dies February 22, 2019 | City Talk Mike Coupe was a happy chappy back in April. Notably he was caught on camera humming the lyrics to the gold digger's song – 'we're in the money' etc, after announcing a supermarket mega merger like no other. This week however the companies' complete lack of understanding of the Competition and Markets Authority has come [...]