PMQs: Siddiq ‘acted appropriately’ by referring herself to adviser, Starmer says January 8, 2025 Sir Keir Starmer has insisted Tulip Siddiq has “acted appropriately” by referring herself to the independent adviser on standards and said he would not give “running commentary” of the recently announced probe into her finances. The City minister referred herself to Sir Laurie Magnus, the Prime Minister’s Independent Adviser on Ministers’ Interests on Monday, for [...]
Starmer: Funding rules may be changed amid Musk’s interest in Farage’s Reform January 8, 2025 The government will look at potential reforms to political party funding, Sir Keir Starmer has said, as0 the Liberal Democrats raised the “spectre” of Elon Musk’s possible donation to Reform UK. Leader Sir Ed Davey asked the Prime Minister to change the rules around party funding amid the US businessman’s continued interest in British politics [...]
Odey partner pay plummets more than 99 per cent January 8, 2025 The pay of partners at disgraced hedge fund manager Crispin Odey’s firm fell to just £49,000 last year, down 99.9 per cent from their previous payouts. In the 12 months to the end of April 2024, the highest-paid of Odey’s 12 members of staff earned just £45,000, compared to £28.6m the previous year, documents published [...]
Investors ‘are losing confidence’ in the UK economy January 8, 2025 The yield on the benchmark 10-year gilt, which reflects the cost of borrowing, hit 4.78 per cent on Wednesday afternoon, a post-financial crisis high.
Budget will force majority of firms to hike prices, survey suggests January 8, 2025 A majority of businesses will lift prices in the next six months due to the government's national insurance hike, a new survey suggests.
Johnson Matthey wades into US activist campaign row January 8, 2025 Johnson Matthey has entered the public spat brewing over an activist campaign from its largest investor, attempting to reassure markets it has been taking concerns over its share price seriously. In a withering letter yesterday, US industrials investor Standard Investments slammed the chemicals group’s board for a “continued lack of urgency and incapacity” over its [...]
OpenAI boss Sam Altman denies sister’s allegations of sexual abuse January 8, 2025 The sister of OpenAI chief executive Sam Altman has filed a lawsuit in the United States alleging that he regularly sexually abused her over a number of years, starting when they were children. The lawsuit alleges that the abuse began when Ann Altman was three and Mr Altman was 12, and also includes an allegation of rape – with the filing [...]
Resurgent inflation fears drive global sell-off in government debt January 8, 2025 Government bonds suffered a major sell-off on Tuesday as fears about the potential persistence of inflation continued to build.
UK stock funds suffer worst year on record as investors pull nearly £10bn January 8, 2025 UK-focused stock funds suffered their worst year on record last year as investors yanked nearly £10bn from the market, new figures have shown. While equity vehicles globally raked in a record £27.2bn through 2024, UK funds haemorrhaged some £9.6bn in their most sluggish year ever relative to the performance of the wider market, according to [...]
Shell warns of £1bn cash hit from emissions certificates payments January 8, 2025 Shell said it expects to take a $1.3bn (£1.04bn) cash hit in the final quarter from payments for emissions certificates. The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US. The London-listed company also said it expects profits in its gas business [...]
