British trader Navinder Singh Sarao arrested and charged over 2010 “flash crash” April 21, 2015 A British trader has been arrested for his alleged role in causing the May 2010 "flash crash" which wiped billions off the value of US stocks and caused indexes to plunge. Navinder Singh Sarao has been charged by the US Commodity Futures Trading Commission (CFTC) with manipulating the markets and making $40m (26.7m) in the [...]
General Election 2015: Bookie claims Ed Miliband will (still) be in Number 10 when Hillary Clinton becomes US President April 21, 2015 This bookie is offering odds of 1/1 for Hillary Clinton to be US President. Not only that, Betway definitely expects Ed Miliband to be in 10 Downing Street when she is inaugurated, offering 3/1 odds that he'll be Prime Minister when she's sworn in on January 20, 2017 – despite fears that a hung parliament [...]
David Cameron: Labour-SNP is a match made in hell April 20, 2015 A Labour-SNP alliance would be “a match made in hell” for the UK economy, Prime Minister David Cameron said yesterday. In a speech at a train factory in Crewe, Cameron said Labour leader Ed Miliband would bring the economy “to a grinding halt” if he did a deal with Scottish first minister Nicola Sturgeon. “Make [...]
Chuka Umunna says corporate boardrooms need more diversity April 20, 2015 Chuka Umunna would aim for Britain’s boardrooms to have at least 14 per cent BME members if Labour win the General Election, “We have got to go further and look at not just gender diversity but ethnic diversity in British business leadership,” the shadow business secretary told the Evening Standard yesterday. Over half of the UK’s [...]
Tesco set to report record loss. Is new boss Dave Lewis the man to lead a turnaround? April 20, 2015 Dave Lewis arrived at Tesco with the nickname “Drastic Dave” – earned after he streamlined Unilever UK in 2007, cutting 40 per cent of costs and 300 jobs. When he took up the role of Tesco chief executive in September he had every reason to live up to that moniker. Facing a £263m accounting error, [...]
General Election 2015: Ed Miliband gives me the heebie jeebies, Nigel Farage models himself on Boycie and Nicola Sturgeon has “thin lips” – here are the best reactions to the party manifesto launches April 20, 2015 Voters have had some interesting reactions to the manifesto launches of the last week – and not in the way you might expect. They collectively had only “the haziest recollection” of the details – despite them dominating the news all week. As part of the weekly poll update for Ashcroft National Polls, they had [...]
Elon Musk was on the verge of selling Tesla to Google for $11bn and even “shook” on a deal with Larry Page April 20, 2015 The millionaire magnate behind the world's best-known electric carmaker was on the verge of selling his company to Google as it failed to turn a profit. Elon Musk's Tesla was about to fall into bankruptcy and the founder had begun negotiating with Google on a deal for the firm, according to a new book on [...]
Neil Woodford’s new fund oversubscribed by 10pc – despite the team already increasing the size by £300m April 20, 2015 Neil Woodford's latest investment trust has been oversubscribed – having alread been nearly doubled from its initial figure. The Woodford Patient Capital Trust invests in early stage and early growth companies, along with a mix of blue chip stocks. Initially the team had decided the size of the closed-ended fund would be set at [...]
SNP manifesto: Nicola Sturgeon promises Scottish veto on Brexit, end to austerity and higher taxes April 20, 2015 Nicola Sturgeon has vowed to end austerity economics at the SNP's manifesto launch at a rock climbing centre in Edinburgh. Sturgeon said that under no circumstances would the SNP do a deal with the Tories in the event of a hung parliament but would act to embolden a minority Labour government and shift policy to [...]
General Election 2015: David Cameron challenges SNP over devolution with the “Carlisle Principle” April 20, 2015 David Cameron has thrown down the gauntlet to the SNP by promising to conduct yearly reviews of devolution to ensure that decisions made in Holyrood do not result in the rest of the UK losing out. The powers of the Scottish parliament "can now have a big impact on your job, your income, and investment [...]