Budget 2020: Chancellor Rishi Sunak promises “record” infrastructure spend March 10, 2020 Chancellor Rishi Sunak will pledge £600bn over a decade, as he promises “record amounts” of infrastructure investment in tomorrow’s Budget. The Treasury said Sunak will triple the average net investment seen over the past 40 years as part of the Prime Minister’s “levelling up” plans. The Budget, which will be delivered tomorrow, will see more [...]
Hong Kong Racing Tips: You better Be Ready to back Zac Purton’s valley mount March 10, 2020 LIFE has been tough for formbook students at Happy Valley over the past few weeks. Normally horses drawn low, racing up with the pace and along the rail down the home straight, have been a recipe for success, but not so much recently. The majority of results have seen horses coming from behind and finishing [...]
McLaren Group set to tap City veteran Paul Walsh as chairman March 10, 2020 The British conglomerate behind the McLaren Formula One (F1) team is said to have lined up City stalwart Paul Walsh as its new chairman. Walsh, who served as chief executive of Guinness owner Diageo for 12 years, is in advanced talks with McLaren Group over the role, Sky News reported. The appointment, which could be [...]
Hong Kong Betting Tips: Naboo can be the Star for Fownes March 10, 2020 TRAINER Caspar Fownes could be the man to follow at Happy Valley today. Charismatic Fownes is known as the ‘King of the Valley’. The three-time champion trainer has saddled around 470 winners at the inner-city track since he gained his licence back in 2003/04 and is the go-to trainer when bettors are looking for some [...]
Cairn Energy swings to a profit after huge loss last year March 10, 2020 Cairn Energy has posted a 914 per cent increase in pre-tax profit to $119.5m (£92.64m), up from a $1.21bn (£94m) loss over the same period the previous year. Revenue increased from $410.3m (£318m) in 2018 to $533.4m (£413.5m). The FTSE 250-listed company said net oil production averaged 23,000 bopd in 2019, at the upper end [...]
Iofina blasts “self-serving” Arron Banks for coup attempt March 10, 2020 The board of iodine producer Iofina has hit back at a “self-serving” bid for Arron Banks to join its board. The board is urging shareholders to vote against the Brexit campaigner’s attempts to oust chairman Lance Baller. In a stock exchange statement, the iodine producer’s directors claimed that Banks, who is a major shareholder, had [...]
Balfour Beatty set to delay £200m share buyback due to coronavirus March 10, 2020 Construction giant Balfour Beatty has delayed its planned £200m-plus share buyback due to coronavirus-related stock market turmoil. The group were reportedly going to announce the buyback tomorrow alongside the release of its annual results, according to Sky News. However, a source has told Sky that Balfour – who are one of the main contractors for [...]
HS2 boss says only building line to Crewe ‘doesn’t do justice to the business case’ March 10, 2020 The boss of controversial rail project HS2 has said that only building the line to Crewe “doesn’t do justice to the business case” after doubts emerged over whether the proposed eastern route to Leeds would be built. In a speech last month Andrew Stephenson, the new minister responsible for the project, made no mention of [...]
NMC Health identifies $2.7bn in additional debt bringing total to $5bn March 10, 2020 NMC Health has identified an additional $2.7bn (£2.09bn) in debt bringing the group’s total debt position to around $5bn (£3.87bn). The firm said it had been notified by Moelis and PwC, who it appointed as advisers last week, that the group’s position had more than doubled from the $2.1bn reported at 30 June 2019, to [...]
Police watchdog probe into Johnson and Arcuri not expected before May March 10, 2020 A police watchdog report into Boris Johnson’s relationship with US businesswoman Jennifer Arcuri is now not expected until May at the earliest. The Independent Office for Police Conduct (IOPC) is probing Johnson’s relationship with Arcuri to see if the Prime Minister could have engaged in criminal misconduct when he was mayor of London. The police [...]
