Lloyds Banking Group chief executive Antonio Horta-Osorio sells £3.5m of shares in the bank August 2, 2019 The chief executive of Lloyds Banking Group Antonio Horta-Osorio today sold £3.5m of shares in the bank, according to stock market filings. Horta-Osorio sold 6.75m shares at an aggregate price of 52p, the filing shows. The value of the shares sold exceeded £3.5m. Lloyds’ share price fell 2.8 per cent today to 51.3p. Following the [...]
Work and Pensions Committee chair Frank Field to stand against Labour in next election August 2, 2019 Work and Pensions Committee chair Frank Field is to fight for his seat at the next election against his former party, he said today. Field resigned the Labour whip last year, blaming the party’s problems with anti-semitism and accusing Labour of “intolerance, nastiness, and intimidation”. Read more: Labour MP Frank Field resigns, claiming party is [...]
Brecon by-election reaction: Brexit Party could damage Tory vote in face of Remain alliance August 2, 2019 The Liberal Democrat victory in yesterday’s Brecon and Radnorshire by-election has raised the spectre of an alliance of Remain-supporting parties and highlighted the threat the Brexit party poses to the Conservatives. Remain-supporting parties Plaid Cymru and the Greens agreed not to field candidates yesterday to avoid splitting the pro-European vote. Read more: Boris Johnson’s majority [...]
UK to create up to 10 freeports to boost trade after Brexit August 2, 2019 The UK is planning to create up to 10 freeports to boost trade after Brexit, it said today. New Prime Minister Boris Johnson, who is committed to taking the UK out of the EU by 31 October, floated the idea during his campaign for the Conservative leadership. The government said ports and airports around the [...]
Two men arrested after fight sparks ‘stampede’ at Bank Station August 2, 2019 Two men have been arrested after a fight at Monument Station which sparked “massive panic” and led to the evacuation of Monument and Bank stations. The British Transport Police (BTP) said: “Two men have been arrested on suspicion of affray after a fight at Monument Station this morning.” Read more: Police evacuate Lloyd’s of London [...]
Boris Johnson’s majority cut to one after Liberal Democrats win Brecon and Radnorshire by-election August 2, 2019 The Liberal Democrats have won the seat of Brecon and Radnorshire from the Tories in a by-election, leaving Prime Minister Boris Johnson’s new government with a majority of one. Lib Dem candidate Jane Dodds beat incumbent Conservative Chris Davies by 1,425 votes, overturning a majority of 8,038. Read more: Boris Johnson at odds with Leo [...]
Mike Ashley-backed Goals Soccer Centres to delist from stock market after ‘improper’ accounting August 2, 2019 Goals Soccer Centres said today it will delist from the stock market after it discovered “improper behaviour” going back to 2010 that means it will be unable to file its accounts. The move will be a blow to Mike Ashley’s Sports Direct which owns an 18 per cent stake in the company. Goals said today [...]
Serious Fraud Office prosecutes just four money laundering cases since 2014 August 1, 2019 The Serious Fraud Office (SFO) has received 153 reports concerning an allegation of money laundering since 2014, but prosecuted just four cases. The SFO figures, which were a response to a freedom of information request by law firm Greenberg Traurig, show the SFO received 41 reports containing money laundering allegations in 2018 but did not [...]
Satellite firm Inmarsat ditches dividend ahead of $3.4bn private equity takeover August 1, 2019 Satellite company Inmarsat ditched its dividend today despite narrowing losses. The UK firm said it was not declaring an interim dividend, having declared a dividend of eight cents per share in the same period last year. The company said it was cutting its dividend in the light of the announcement of its proposed $3.4bn (£2.8bn) [...]
Insurance M&A jumps to highest level in four years in first half of 2019 August 1, 2019 Insurance M&A rose to its highest level in four years in the first half of 2019 with 222 deals completed worldwide. This marked the biggest increase in the volume of transactions since the first half of 2015 and the fourth consecutive six-month period of growth. In the second half of 2018 there were 196 completed [...]