Hungarian PM’s party kicked out of European centre-right political group amid worries over anti-immigration rhetoric March 20, 2019 The party of Hungary’s right-wing Prime Minister Victor Orban has been suspended from its political group in Brussels as concerns grow over his disregard for the rule of law. European People’s Party (EPP) delegates today voted overwhelmingly to exclude Orban’s Fidesz party from its meetings, strip it of voting rights and the ability to propose [...]
TfL slashes £1bn deficit in ‘relentless’ cost-cutting drive but warns of continued economic woes March 20, 2019 Transport for London (TfL) has halved its near £1bn budget deficit thanks to an aggressive cost-cutting drive. The transport body said a "relentless focus on efficiency" and "tight financial management" will help it to get the £968m deficit – partially caused by the loss of the government grant and Sadiq Khan's fare freeze for single journeys – [...]
Donald Trump brands Kellyanne Conway’s husband a ‘stone cold LOSER’ in bizarre Twitter blast March 20, 2019 US President Donald Trump has never been shy throwing around insults on Twitter, with historic targets including North Korean leader Kim Jong Un (“Rocketman”), former FBI director James Comey (“not smart”) and the media (“FAKE NEWS”). His latest target is more surprising: George Conway, husband of one of his closest aides, Kellyanne Conway. Trump unleashed [...]
Theresa May hints she would resign instead of accepting long Brexit delay March 20, 2019 Downing Street has repeatedly refused to say if Theresa May will stay on as Prime Minister if the EU insist on a long delay to Brexit. Speaking in the Commons, May indicated she would rather quit the top job than facilitate a long extension to the withdrawal negotiations, saying: “As Prime Minister, I am not [...]
Bottoms up! March 20, 2019 | City Talk If an investor is specifically looking for reasons not to invest, he or she will always find them. Indeed, for one reason or another, it has been said that “now is the most difficult time to invest”, in perpetuity! At present, such reasons are in ample supply – geopolitical concerns, populism, punchy valuations, a lack [...]
Beware of these Tube terrors if you’re travelling on the London Underground March 20, 2019 Only the bravest explorers traverse the London Underground. The tunnels of the Tube have their own microclimate and ecosystem, and are inhabited by a wide array of eccentric species. Most of these specimens are placid, if not friendly, but recently I have observed a worrying trend of hostility from Undergrounders. It’s rough out there, so [...]
Theresa May asks EU to extend Article 50 until 30 June as EU presses for 2020 extension March 20, 2019 Theresa May has asked the EU to delay Brexit by three months to 30 June. The Prime Minister has confirmed that she has asked Brussels to extend Article 50 – the mechanism that allows the UK to leave the EU – for three months rather than to seek a longer extension. Read more: Sterling dips [...]
Labour MP launches last-minute challenge to May’s decision to pursue ‘short’ Brexit delay March 20, 2019 A Labour MP has tabled a last-ditch challenge to Theresa May's decision to seek only a short delay to Brexit. Alison McGovern formally requested an emergency parliamentary debate today on the Prime Minister's plans to extend Brexit. Read more: Prime Minister rules out long Brexit delay It is not clear if her emergency debate motion [...]
Kier shares fall as outsourcer swings to £35.5m loss March 20, 2019 Kier has fallen to a £35.5m loss for the second half of 2018, but said it is in a stronger position after hitting up investors for £250m in a disastrous rights issue that missed its target at the end of last year. Read more: Embattled outsourcer Kier's net debt spirals again after 'accounting error' The figures [...]
Sterling dips lower as Theresa May seeks only a short Brexit delay from EU March 20, 2019 Sterling took a hit this morning as it emerged Theresa May has ruled out seeking a long Brexit delay from the EU. Read more: Prime Minister rules out long Brexit delay Downing Street said the Prime Minister will only request a short extension to Article 50, likely to the end of June, as the UK [...]