Has Ukip just abandoned its immigration cap? Nigel Farage rejects “abitrary targets” March 3, 2015 Ukip leader Nigel Farage has said his party will reject "arbitrary targets" on immigration if it holds the balance of power ahead of a major speech on Wednesday. Farage reiterated Ukip's pledge to end what the party call Britain's "open borders" approach to immigration. In an article for the Daily Telegraph, Farage said Ukip will [...]
Mike Ashley hit with £7,500 fine for dual interest March 3, 2015 Mike Ashley was facing a less-than-hefty-fine of £7,500 from the Scottish Football Association for holding a dual interest in Glasgow Rangers. Ashley, who is reportedly worth £3.3bn, was found guilty of influencing management at Rangers after the appointments of chief Derek Llambias and finance director Barry Leach, both of whom are long-term acquaintances of Ashley. [...]
Boris Johnson isn’t going to Cannes property bash Mipim this year March 3, 2015 Boris Johnson won't attend property knees-up Mipim this year, for the first time during his tenure as mayor of London. Boris has traditionally been a vocal proponent of London's many development opportunities at the conference, for which 20,000 developers, investors, agents and civil servants descend on Cannes for a week of deal-making and revelry each [...]
2015 Forbes’ billionaires list: Bill Gates joined by Facebook’s Mark Zuckerberg, Uber’s Travis Kalanick and Snapchat’s Evan Spiegel March 2, 2015 While Forbes’ list of billionaires is topped by the usual suspects – Microsoft founder Bill Gates, business magnate Carlos Slim and investment guru Warren Buffett – young tech entrepreneurs are hot on their heels. Facebook founder Mark Zuckerberg joined the top 20 for the first time with an estimated fortune of $33.4bn (£21.7bn), placing him [...]
Mobile World Congress 2015: Facebook boss Mark Zuckerberg puts pressure on operators March 2, 2015 Facebook chief executive Mark Zuckerberg went to great lengths to rebuild bridges with global mobile operators in Barcelona last night in order to spur a project to bring free internet to the world’s poorest people. When the founder of the world’s largest social network first called on operators to support him in early 2014 his [...]
Star fund manager Neil Woodford says UK pharma still a good bet March 2, 2015 British science is in great shape according to Neil Woodford, one of the UK’s best known and most successful fund managers. Woodford, a long time investor in pharmaceuticals, said the industry remains an attractive place for those looking to make long- term returns on their investment as innovation and R&D productivity continues to gather pace, [...]
ECB meeting preview: What traders should expect from it March 2, 2015 Despite a range of economic indicators suggesting that the Eurozone economy has finally begun to turn a corner, markets had an uncertain start to the week. Although the currency bloc’s unemployment rate slipped to 11.2 per cent in January and a flash estimate of inflation came in at a better-than-expected -0.3 per cent in February, [...]
Crystal Palace replica redevelopment plans by Chinese firm and backed by Boris Johnson ended by Bromley council March 2, 2015 Ambitious plans to recreate London's famous Crystal Palace have shattered into a million pieces after the local council withdrew its support. Plans by Chinese developer ZhongRong and backed by mayor Boris Johnson to rebuild the palace created in 1851 for the Great Exhibition have effectively ended after Bromley council decided not to extend an exclusivity [...]
Buffett reveals new Berkshire has been chosen March 1, 2015 WARREN Buffett has ruled out spinning off Berkshire Hathaway into separate businesses, in his annual letter to investors. Buffett also revealed a successor has been chosen to fill his shoes and addressed the firm’s stake in Tesco which he previously called a “huge mistake”. This year celebrating the firm’s golden anniversary, Buffett’s highly anticipated 14-page [...]
Mobile World Congress 2015: Mark Zuckerberg, wiping the smile off execs’ faces – Bottom Line March 1, 2015 Last year Mark Zuckerberg, the 30-year-old billionaire creator of Facebook, gave the keynote speech at the world’s biggest mobile conference in Barcelona, Mobile World Congress. Speaking to several thousand telecoms execs Zuckerberg called on them to open up mobile internet for the poorest countries in the world and allow free access to basic internet services [...]