Veteran investor Terry Smith’s new Smithson Investment Trust breaks records with £822m launch October 17, 2018 Veteran investor Terry Smith's new small and mid cap investment trust has raised £822.5m, breaking records for the UK's biggest trust launch. The Smithson Investment Trust initially targeted £250m before more than doubling its goal to £600m with the option to increase to £900m, and has knocked Neil Woodford's Patient Capital Trust off the top spot. It will start trading [...]
Jeremy Corbyn slaps down Emily Thornberry for using Brexit to defend John Bercow October 17, 2018 Jeremy Corbyn today slapped down one of his closest allies for using Brexit to defend under-fire Speaker John Bercow – but stopped short of calling for him to quit. On Monday, shadow foreign secretary Emily Thornberry said with Parliament set to play a key role in the Brexit process it was “absolutely not the time” for the Speaker to step [...]
TfL and Westminster council face another clash in court over blocked CS11 cycle superhighway October 17, 2018 Transport for London (TfL) and Westminster city council could face another clash in court over a decision to block a cycle superhighway project in north-west London. Construction of the cycle superhighway 11 (CS11) came to a grinding halt in August after Westminster council mounted a successful legal challenge against the project, which is intended to link Swiss Cottage [...]
It’s time for Theresa May to use her secret Brexit weapon: business October 17, 2018 Two weeks ago, I was in Birmingham among my fellow Conservatives awaiting Theresa May’s closing conference speech. I expected her to take a strong stance on the Chequers-based plan for Brexit and finally call upon her most valuable and underused supporters – business leaders – to champion her vision, not least because I and my [...]
Chomping at the bit: The race is on to be the next Tory leader October 17, 2018 There will be no deal this week. It was intended, then hoped for, but a Brexit deal is now as far away as it has ever been. The longer this goes on, the more likely it is that there will be a late capitulation, the mother-of-all-compromises by Downing Street, presented as a victory for all [...]
Sadiq Khan launches online Brexit resource for businesses October 17, 2018 Mayor of London Sadiq Khan has launched a website aimed at helping companies prepare for potential challenges presented by Brexit. The Brexit Business Resource Hub contains Brexit-related news, links to industry reports and a calendar containing information on related events happening in London. Read more: James Dyson: No-deal Brexit 'will not change anything' The website [...]
Sadiq Khan cuts thousands of homes from Old Oak Common project amid funding pressures October 16, 2018 London mayor Sadiq Khan has slashed thousands of homes from a flagship housing project in Old Oak Common while it waits for approval for more government funding. City A.M. understands that the decision to pull the 2,250 homes was due to concerns around a lack of government funding. In January, the Old Oak and Park [...]
Barbie on a bull run: Resurgent sales in the All-American figurine have proved a saving grace for toy making giant Mattel October 16, 2018 When it happened three years ago, it may have passed you by: after all, Donald Trump had just announced he was running for President, and the EU referendum campaign was getting under way. So you’d be forgiven for not noticing, in 2015, that Barbie dolls had just been given adjustable ankles. And yet the fact [...]
Donald Tusk: No grounds for optimism on Brexit deal October 16, 2018 There are no grounds for optimism that a Brexit deal can be struck this week, European Council president Donald Tusk has warned just a day before a crunch summit. Speaking on the eve of EU leaders gathering in Brussels, Tusk called on Theresa May to put forward “concrete proposals” on how to break the deadlock [...]
Tesla shares rise as SEC settlement gets nod of approval from US judge October 16, 2018 A settlement deal between Tesla, its chief executive Elon Musk and the US Securities and Exchange Commission (SEC) was today given the all-clear by a US judge. Musk had agreed to pay a fine of $20m (£15.1m) and step down from his role as Tesla chairman for three years, while Tesla also paid out a similar fine. The [...]