Martin Sorrell blasts ‘petty’ WPP after share awards cut over leak claims April 29, 2021 Sir Martin Sorrell has become embroiled in a bitter row with WPP after his former company cut his share awards over accusations he leaked confidential information to the media. In its annual report published today, the advertising behemoth said the five-year payout for 2016 and 2017 awarded to Sorrell would lapse. The FTSE 100 group [...]
Space race: Elon Musk and Jeff Bezos go head to head April 27, 2021 The space race between the world’s two richest men catapulted into hyperdrive today.
Priti Patel bullying row: High Court to scrutinise PM’s decision not to sack home secretary April 27, 2021 Allegations of bullying by home secretary Priti Patel will soon be scrutinised by the High Court after a workers group that represents senior public servants challenged Boris Johnson’s refusal to sack the minister. The union has been given the go-ahead to bring a High Court challenge against Boris Johnson’s decision to stand by Patel. The [...]
Boris Johnson to chair Cabinet as allegations mount April 27, 2021 Boris Johnson will chair a meeting of the Cabinet later today after a series of damaging claims over the Prime Minister’s conduct during the pandemic. In recent days Number 10 has been rocked by a number of allegations, including from former aide Dominic Cummings, about Johnson’s approach to the pandemic. Yesterday it was claimed that [...]
Morning Wire TV: Daily Market Snapshot (video) April 26, 2021 Since early April, US equity markets have been in a persistent uptrend. That’s been is aided and abetted by (i) notable US dollar weakness; (ii) lower bond yields (resulting in tech outperformance); and (iii) a strong Q1 earnings season, with most US companies surprising markets to the upside. In that respect, and while US equity indices [...]
Neil Woodford registers new firm in Cayman Islands – report April 25, 2021 Disgraced stockpicker Neil Woodford has registered a new firm in the Cayman Islands as his bid to relaunch his career goes on. According to CityWire, new firm WCM Partners, which Woodford announced two months ago, has been registered in the tax haven. The move comes two months on from the start of the former star [...]
Dom Cummings denies leaking PM’s texts with James Dyson April 23, 2021 Boris Johnson’s former aide Dominic Cummings has this evening denied being the source of the leak of the Prime Minister’s texts to James Dyson. Writing in his blog, Cummings denied being the source of the leaks, saying he was “not directly or indirectly the source”. “I am happy to meet with the Cabinet Secretary and [...]
Biden’s proposal to double capital gains tax turns fragile rebound on its head April 23, 2021 Any economic recovery became a lot harder after last night’s selloff in US markets on reports that President Biden was looking to increase the rate of capital gains tax to 39.6 per cent for those Americans earning $1m a year or more, up from the current rate of 20 per cent, with some wealthier individuals [...]
‘Bitter’ Dominic Cummings accused of leaking Boris Johnson’s text messages to James Dyson and Mohammed bin Salman April 23, 2021 Boris Johnson’s former aide Dominic Cummings has been blamed for the leaking of the Prime Minister’s text messages. An internal inquiry has been launched into how messages between the Prime Minister and billionaire Sir James Dyson were leaked to journalists. But reports said Downing Street sources are pointing the finger at Cummings, who quit as [...]
Greensill: David Cameron made multiple attempts to lobby Bank of England April 22, 2021 David Cameron made multiple attempts to lobby Bank of England (BoE) officials over allowing collapsed financier Greensill access to the bank’s Covid Corporate Financing Facility (CCFF) scheme. Documents obtained by Freedom of Information request show that Cameron contacted officials five times in total over the “incredibly frustrating” issue. It is the latest saga in a [...]