Morgan Stanley is retreating from investing in European buyouts August 29, 2016 Morgan Stanley is backing away from European buyouts, with a handful of senior private equity staff let go. According to Sky News, the Wall Street giant informed staff last week that it was abandoning European private equity activity, with managing director Jean-Marc Jabre among the big names departing. The bank had been a strong supporter [...]
Purplebricks embarks on Australian venture with launches in Brisbane and Melbourne August 29, 2016 Online estate agent Purplebricks has embarked on its first foray outside of the UK, launching ventures in Australia over the weekend, with new services focused on Melbourne and Brisbane. The firm, which is backed by star investor Neil Woodford, first revealed plans to expand Down Under in June as it announced its first full year results [...]
The extent of Jeremy Corbyn’s appeal to young voters may be limited, according to new polling figures August 26, 2016 Labour leader Jeremy Corbyn leads Theresa May by a wafer-thin margin among young voters, according to pollsters Yougov, while the Tory leader has an overwhelming lead among those of retirement age. In a poll commissioned by The Times, Yougov found that Corbyn is more popular amongst a sole group of voters split by age – the [...]
ISS has reportedly joined the growing revolt against Sports Direct owner Mike Ashley August 26, 2016 Sports Direct owner Mike Ashley is facing a growing revolt and Institutional Shareholder Services (ISS) is reportedly advising investors to oppose his re-election to the retailer's board. City A.M. revealed today that fellow shareholder advisory groups Glass Lewis and ShareSoc were backing a shake-up at Sports Direct, with the former calling on investors to vote [...]
Growth in the UK’s economy accelerated in the build up to June’s Brexit referendum August 26, 2016 Growth of the UK economy accelerated in the three months to June, according to the latest figures. The Office for National Statistics revealed today that economic growth for Q2 was 0.6 per cent, up from 0.4 per cent on the previous quarter. Year-on-year the economy expanded 2.2 per cent. The figures mean that growth for [...]
Scrapping Hinkley Point would save taxpayers £1bn a year, according to a new report August 26, 2016 Axing plans for two new nuclear reactors at Hinkley Point could save UK taxpayers £1bn a year, according to a new report. Prime Minister Theresa May slammed the brakes on the project last month, despite the board of French energy giant EDF approving construction. And ahead of a final verdict from Downing Street next month, a [...]
The government is hoping to pounce on a post-Brexit tourism boost in the aftermath of the sterling slump August 26, 2016 Theresa May is seeking to build on a Brexit tourism boost with a £40m investment fund designed to lure visitors tempted by the slump in sterling. Towns and cities across England will benefit from new funding, with cash targeted on the UK's cultural and sporting assets. The first recipients of funding will include a coastal path project, [...]
G4S has rejected a last-ditch Labour plea to provide security for the party’s conference August 25, 2016 Security firm G4S has rejected pleas from the Labour party to provide security for its conference next month, increasing the chances of the event being cancelled altogether. Labour has been seeking a provider for its annual conference – this year in Liverpool – with the Home Office warning that it could block the event if [...]
Senior Tory Andrew Tyrie is pressuring chancellor Philip Hammond to reinstate Budget fairness scores August 25, 2016 Treasury Select Committee chair Andrew Tyrie is pressuring the chancellor Philip Hammond to reinstate reports on how the poor are affected by the government's Budgets. For the five years to 2015, the Treasury included “distribution analysis” in its Budget documents, which revealed how changes to tax, welfare and public spending impacted people in a range [...]
Two groups of rival EU protesters are set to clash outside parliament in just over a week August 25, 2016 Rival protesters are set to clash in London early next month when the campaign group March for Europe stages a second anti-Brexit demonstration in Westminster. The group's last protest in July saw thousands of marchers take to the streets in the aftermath of the UK's vote to leave the EU. And now demonstrators will return on [...]
