Sainsbury’s believes chief exec Mike Coupe’s travel fears are over after Egypt drama April 29, 2015 Sainsbury’s said last night it was confident that chief executive Mike Coupe no longer faced travel restrictions to countries with extradition treaties with Egypt after flying to the country this weekend to appeal against allegations of embezzlement. In a bizarre case dating back to Sainsbury’s disastrous foray into the country 16 years ago, Coupe [...]
Troubled Barclays braced for famously tough incoming new chairman John McFarlane April 29, 2015 It is hard to keep a straight face when calling PPI compensation and litigation costs “one-offs” at any of the big banks nowadays. Yet seven years on from the start of the financial crisis, Barclays and the other big banks are still treating the extraordinary costs as unusual items each quarter. Yesterday Barclays [...]
The flash crash trader Navinder Singh Sarao returns to London cell ahead of extradition fight April 29, 2015 The legal team of flash crash trader Navinder Singh Sarao is aiming to appoint a QC to work on his upcoming extradition case, a member of his legal team said at Westminster Magistrates’ Court yesterday. Richard Egan, partner at Tuckers Solicitors, said yesterday that while a junior barrister is currently dealing with the case [...]
Bailout secured as masked men menace Yanis April 29, 2015 GREEK finance minister Yanis Varoufakis finally managed to secure a bailout this week – courtesy of his wife, Danae. The couple were dining in the Exarchia district – a neighbourhood popular with extreme leftists and anarchists – when a masked group stormed into the restaurant. As the group approached him in a threatening manner, his [...]
Nicola Sturgeon’s EU mischief-making is a taste of the political blackmail to come April 29, 2015 Both Sinn Fein and the SNP launched their General Election manifestos last week, demanding that, in any future referendum, all four nations of the UK must agree to leave the European Union before it can happen. If ever there was a policy that claims to be about unity when it is all about fomenting division, [...]
David Cameron is right: We should balance the budget without tax hikes April 29, 2015 The Prime Minister pledged yesterday to introduce a law to prevent increases in income tax, national insurance and VAT for the whole of the next Parliament. While a law may be a crude tool, it does reinforce two crucial points. First, deficit reduction should come primarily from reductions in public spending rather than further tax [...]
General Election: David Cameron promises to stop tax increases with new law April 29, 2015 If the Conservatives are voted in at the General Election, David Cameron has promised to introduce a new law that would prevent tax increases for five years. During a speech today, he said Britons should be allowed to keep hold of what they earn, and that they have paid “enough tax”. "It's time for [...]
Ashcroft poll: Nigel Farage set to lose South Thanet while Nick Clegg trails Labour in Sheffield Hallam April 29, 2015 Tory peer Lord Ashcroft's latest round of polls show Nigel Farage two points behind his Conservative opponent Craig Mackinlay in the key battleground constituency of South Thanet. The Ukip leader has said he will resign as party leader if he fails to take the Kent seat. The Tories have marginally increased their lead over Ukip in South [...]
General Election 2015: Michael Bloomberg backs David Cameron and asks Britain to let the Tories finish the job April 29, 2015 David Cameron has received the endorsement of billionaire businessman and former mayor of New York Michael Bloomberg. Bloomberg writes that he rarely endorses national political candidates but is making an exception for David Cameron in the same way he made an exception for Barack Obama in 2012. "David Cameron's gutsy decisions and strong leadership have [...]
“Flash crash” trader Navinder Singh Sarao remains in custody as court grants extra seven days to raise £5m bail April 29, 2015 Navinder Singh Sarao, the man charged with contributing to the "flash crash" of 2010, has been remanded in custody for another seven days after failing to pay £5m bail. A court today granted Sarao the extra time to raise cash as he fights extradition to the US over his alleged involvement in the crash which [...]