Leaked recording of Boris Johnson: Minister admits Brexit red lines may be crossed, slams Remainers in the Treasury and rubbishes Irish border issue June 8, 2018 Boris Johnson has ridiculed fears over the border in Ireland, warned that a final Brexit deal will violate Leavers’ red lines and acknowledged “there may be a meltdown” during negotiations during an explosive private conversation earlier this week. Speaking to a select group of party activists during a private dinner with pressure group Conservative Way [...]
Buyout firm pulls out of Poundworld rescue deal talks June 6, 2018 The buyout fund circling Poundworld has walked away from talks, throwing the future of the chain into doubt. It emerged over the weekend that Alteri Investors, the backer of troubled chains such as Brantano and Jones Bootmaker, was in discussions over a possible rescue deal for Poundworld. But Sky News reported today that the firm [...]
Network Rail wants to ban plastic cutlery and cups from major stations by 2020 June 6, 2018 Network Rail is to ban retailers at some of its stations from supplying plastic cutlery and cups in a push to become more environmentally friendly. By the end of 2020, retailers at some of the biggest and busiest rail stations will also have to implement a coffee cup recycling scheme and expand the roll out [...]
Culture minister Matt Hancock confirms Sky-Fox deal can proceed as long as Sky News is divested June 5, 2018 Culture secretary Matt Hancock has confirmed that the Sky-Fox merger can go ahead, as long as Sky News is divested to Disney or another firm. If an “acceptable form of remedy” can be found, the minister said he would wave it through. Hancock said he agreed with the Competition and Markets Authority (CMA) that there [...]
Let The Games Begin: Checking in with Tokyo as it prepares to host the 2020 Olympics June 5, 2018 Tokyoites love a seasonal celebration. If they’re not picnicking under a blossom-laden tree, in honour of the spring sakura, then they are trekking to the nearest park to see the splendour of the autumn leaves. It’s no surprise, then, that the Tokyo 2020 Olympic Games – despite being two years away – has already got [...]
Culture minister Matt Hancock confirms Sky-Fox deal can proceed as long as Sky News is divested June 5, 2018 Culture secretary Matt Hancock has confirmed that the Sky-Fox merger can go ahead, as long as Sky News is divested to Disney or another firm. If an "acceptable form of remedy" can be found, the minister said he would wave it through. Hancock said he agreed with the Competition and Markets Authority (CMA) that there [...]
Goldman Sachs targeting £109bn Lloyds investment fund June 4, 2018 US bank Goldman Sachs has entered the competition to manage a £109bn investment contract put out to tender by Lloyds Banking Group. Goldman Sachs Asset Management has reached the second round of bidding for the contract, alongside Blackrock, JPMorgan Asset Management and Schroders, Sky News reports. The process kicked off when Lloyds pulled outs of [...]
Safe as houses: How to invest in property without buying a home May 31, 2018 Brits are falling out of love with the property market. A recent report from Rathbones found that more than half of investors now take a pessimistic view on the sector. It’s easy to see why, when the government is making life harder for private landlords – with a tax hike just one of several measures [...]
Chris Froome’s Giro victory should not be tarnished by the Vuelta salbutamol saga May 29, 2018 Chris Froome’s victory in the Giro d’Italia has propelled him alongside the greatest cyclists of all time – for now, at least. Rolling over the victory line in Rome on Sunday, the Briton became only the third rider to hold all three of cycling’s Grand Tours at once. And the Team Sky rider’s victory puts [...]
Government poised to start Royal Bank of Scotland share sale May 28, 2018 The government is to offload a multi-billion pound stake in Royal Bank of Scotland as early as this week, according to reports. Banks have been placed on high alert as ministers kick off a process to reduce the taxpayer's 70.5 per cent stake in RBS. Precise details on the sell-off remain unclear but bankers warned [...]