Richard Branson’s Virgin Galactic tourist spaceship successfully touches the edge of the world in today’s test flight December 13, 2018 Rocket man and Virgin billionaire Richard Branson's commercial space programme successfully reached the edge of the world's atmosphere for the first time in its fourth test flight across the US today. The Virgin Galactic Spaceship Two rocket, which was carried up to a height of above 12,000 metres by a specially-designed plane before igniting its motors, reached [...]
Sterling recovers as Theresa May heads to Brussels after surviving no confidence vote December 13, 2018 Theresa May is set to head to Brussels today in an attempt to renegotiate a Brexit deal that EU leaders have said is final, after surviving yesterday’s vote of confidence. The Prime Minister won the vote with a majority of 83 votes, with 200 Tory Mps voting in support and 117 voting to oust the [...]
Housebuilder shares jump as market backs Prime Minister Theresa May in leadership challenge December 12, 2018 Shares in Brexit sensitive housebuilders have jumped today as the market backs Theresa May's ability to survive an impending no confidence vote. Persimmon, Taylor Wimpey, Berkeley Group and Barratt Development all saw shares increase by between 3.4 per cent to 5.5 per cent hours before Conservative MPs cast their votes on the Prime Minister’s leadership. May [...]
Brexit Live: Theresa May survives vote of no confidence December 12, 2018 Prime Minister Theresa May faces a challenge to her leadership after the threshold for triggering a vote of no confidence was reached this morning. Welcome to today’s City A.M. Brexit live blog. This post is being updated. Please refresh for the latest version. A vote will be held tonight between 6pm and 8pm after Sir Graham [...]
Campaign to oust Theresa May being coordinated from Iain Duncan Smith’s office December 12, 2018 The campaign to oust Theresa May is being coordinated from the office of former leader Iain Duncan Smith, it can be revealed by City A.M. A group of Brexiters determined to end May’s leadership gathered in the plush office in Parliament on Wednesday afternoon to discuss tactics ahead of the no confidence vote set to [...]
How does a no confidence vote work? We explain the process of Theresa May’s leadership challenge December 12, 2018 Theresa May is fighting to hold on to her job as Conservative MPs prepare to cast their ballots in a vote of no confidence this evening. But how will the vote work and what might happen next? Here we aim to answer all your questions. Why is it happening? May has been under pressure since [...]
The next Prime Minister? Six MPs who could succeed Theresa May December 12, 2018 If Theresa May loses a vote of no confidence on Wednesday evening, the starting gun will be fired on who will be the next Prime Minister. With no obvious candidate to succeed her, the race to Downing Street is set to be highly unpredictable. City A.M. looks at six of the most likely candidates: Boris [...]
No confidence: This is how Tory MPs plan to vote in tonight’s crucial contest over Theresa May’s future as Prime Minister December 12, 2018 The number of MPs who have declared themselves either in support of or against the leadership of Prime Minister Theresa May is growing. Here's who has said what so far. A vote of no confidence was triggered this morning, after more than 48 MPs sent in letters to Sir Graham Brady who controls the process. The [...]
Theresa May hints she won’t fight next election as Conservative leader December 12, 2018 Theresa May will tell her warring MPs that today’s vote in her leadership is about Brexit, not about who will lead the Conservatives into the next general election. The Prime Minister will address a meeting of MPs at 5pm this afternoon, just an hour before a vote of no confidence in her leadership begins. May needs [...]
Why investors should be wary of star managers December 12, 2018 For a long time, it seemed like Neil Woodford could do no wrong. That was until 2017, when the UK’s best known fund manager seemed to lose his magic touch – and since then, the returns from his three popular funds have been struggling. His flagship Woodford Equity Income fund has lost investors almost 10 [...]