Mark Carney warns no-deal Brexit shock would be ‘instantaneous’ August 2, 2019 Bank of England governor Mark Carney has hit back at accusations that he is stirring fear about Brexit, warning that the UK would be hit by an “instantaneous” economic shockwave if it cannot strike a deal with the EU. Carney said this morning it is “not helpful” to deny the challenges that a no-deal scenario [...]
Horse Racing Betting Tips: Classy Skyline can give Elsworth more Goodwood success August 1, 2019 A NUMBER of runners in tomorrow’s Qatar Summer Handicap (2.25pm) will have aspirations of taking part in the Sky Bet Ebor at the end of the month. Like with many of Goodwood’s tricky handicaps, the market is headed by a Mark Johnston runner. He saddles King’s Advice who bids to give his trainer a third [...]
US health firm Centene invests in digital health startup Babylon August 1, 2019 US healthcare giant Centene Corporation is said to be investing tens of millions of pounds in British startup Babylon Health. The Missouri-based health company will inject $50m (£41m) into the tech firm as part of a fresh funding round, Sky News reported. Read more: Saudi Arabian wealth fund set to invest in digital health startup [...]
Salford set sights on League Two promotion as club stick with ambitious approach August 1, 2019 On a cold October’s night in 2013, just 65 people turned out to watch Salford City host Cammell Laird in the Evo-Stik League Division One North, the eighth tier of English football. It was the season before the club was taken over by a consortium that includes former Manchester United stars Gary and Phil Neville, [...]
JP Morgan starts European audit review July 30, 2019 JP Morgan Chase has reportedly launched a review into its current relationship with auditors for its major European arm. The Wall Street giant has kicked off a process to look at the role currently held by PricewaterhouseCoopers (PwC) as the accountant of JPMorgan Securities. Read more: Metro Bank finance director steps down to take new [...]
Once-staid audit sector enters brave new world July 30, 2019 The days of auditors as grey-suited backroom boys is over. Whether they like it or not, the spotlight turned on the sector following the collapse of outsourcer Carillion has not diminished in intensity. The Big Four face the challenge of a potential raft of reforms designed to rein them in, overseen by a new beefed-up [...]
Horse Racing Betting Tips: Cross Counter out to silence hat-trick seeking Stradivarius July 29, 2019 PLENTY are still talking about Saturday’s epic King George duel between Enable and Crystal Ocean which is quite rightly being billed as one of the greatest races of the modern era. Remarkably, only a few days later, there is the potential for another titanic tussle with the first, second and fourth home from last month’s [...]
Metro Bank finance director steps down to take new role at Revolut July 29, 2019 Metro Bank’s finance director is leaving the embattled lender to take on a new role at fast-growing financial technology group Revolut. David Maclean is joining the digital firm after stepping down from his role at Metro Bank, which has suffered a torrid six months in the wake of a major accountancy error. Read more: What [...]
Ryanair profits nosedive 21 per cent in first quarter July 29, 2019 Ryanair’s profits tumbled 21 per cent in its latest quarter as the airline was battered by higher fuel and staff costs coupled with lower fares, it revealed today. Read more: Ryanair warns of summer 2020 problems due to Boeing 737 Max ban The figures Profit before tax fell 24 per cent year on year to [...]
Government now assuming a no-deal Brexit and increased borrowing July 28, 2019 Michael Gove has said today that the new government will “operate on the assumption” of a no-deal Brexit on 31 October. Read more: Tories get ‘Boris bounce’ in polls but pledge to focus on Brexit Meanwhile, the chancellor’s deputy, Rishi Sunak, today insisted that Britain can pay for the costs of no deal with extra [...]