Psst … Warren Buffett’s Berkshire Hathaway could be making a secret purchase August 15, 2015 Psst … Billionaire investor Warren Buffett's Berkshire Hathaway could be quietly making a secret purchase. The most tantalising element of a disclosure, filed with the U.S. Securities and Exchange Commission, was what had been left out. "Confidential information has been omitted from the public Form 13F report and filed separately with the U.S. Securities and Exchange Commission," it said. [...]
Londoners pay £3,000 more in tax than they receive back: However you slice it, everybody’s getting a raw deal from Britain’s tax code August 14, 2015 “Those with the broadest shoulders must bear the biggest burden”… “We’re doing our utmost to lift the poorest out of tax altogether.” The phrases slip off politicians’ tongues with the regularity of clockwork, as much a part of our political environment as Prime Minister’s Questions. Yet it’s clear from even the most cursory look [...]
Labour leadership contest: Yvette Cooper warns Labour party could split if Jeremy Corbyn wins August 14, 2015 Labour leadership hopefuls Yvette Cooper and Liz Kendall stepped up their rhetoric against left-wing front-runner Jeremy Corbyn late last night. Speaking to the BBC, Cooper said that there was a “serious risk that the [Labour] party will split” if the far-left Islington North MP wins the leadership contest. And while Cooper insisted that she would not walk away [...]
Tony Blair to Labour supporters: Love me or hate me, don’t vote Jeremy Corbyn August 13, 2015 Former Prime Minister Tony Blair has ramped up his efforts to stop the Labour party from electing far-left candidate Jeremy Corbyn as its next leader. Writing in the Guardian today, Blair said: “The party is walking eyes shut, arms outstretched over the cliff’s edge to the jagged rocks below.” He added: “It doesn’t matter whether [...]
Labour leadership race: Over 600,000 apply to vote in last-minute surge expected to benefit Jeremy Corbyn August 12, 2015 610,000 people applied to vote in the Labour leadership election, with over a quarter of them rushing in during the last 24 hours before the deadline. Leadership hopeful Jeremy Corbyn, who recently extended his lead in the polls, is expected by Labour MPs to feel the benefit of this last-minute surge, the Financial Times reports. [...]
Donald Trump goes up in the Republican Presidential nomination polls after each controversial comment August 12, 2015 Multi-billionaire businessman Donald Trump continues to lead the Republican pack, despite Fox News turning the heat on him in the Republican debate, and after remarks that have alienated him from sections of the Republican party. The most recent poll of the Republican field in Iowa by Suffolk University shows Trump leading the field, with 19 [...]
Warren Buffett’s Berkshire Hathaway risks downgrading by Standard & Poor’s after Precision Castparts deal August 11, 2015 Warren Buffett’s Berkshire Hathaway risks being downgraded by ratings agency Standard & Poor’s, after its record deal to buy aerospace manufacturer Precision Castparts. The acquisition worth $37.2bn has caused S&P to worry about Berkshire Hathaway’s cash resources, putting it on "CreditWatch Negative". The company is currently rated "AA", the third-highest of 10 possible ratings. Read [...]
Labour leadership contest: City leader Martin Clarke says Jeremy Corbyn would be “disastrous” August 11, 2015 A prominent City dealmaker and Labour party supporter has said that a victory for leadership hopeful Jeremy Corbyn would do “irreparable damage.” Martin Clarke, chief financial officer of roadside recovery giant AA and a former executive at the private equity firm Permira, told City A.M. in an interview yesterday that electing Corbyn would sever Labour’s [...]
The wheels are falling off David Cameron’s EU renegotiation: It can still be saved August 11, 2015 Are the wheels falling off the government’s EU renegotiation? It’s a legitimate question to ask given that, in the Prime Minister’s first hundred days of leading a majority Conservative government, we have already seen a significant reduction in what David Cameron appears to be asking for and what he is likely to achieve. Despite having [...]
Punters put even more money on Jeremy Corbyn victory in Labour leadership contest August 11, 2015 Support for Labour leadership hopeful Jeremy Corbyn has flooded the betting markets this morning, with Britain’s biggest bookies now saying the far-left candidate is on course to make gambling history. Ladbrokes, William Hill, Betway and Betfair have all put Corbyn in pole position off the back of a new opinion poll strongly favouring the Islington [...]