Former Virgin Money chief Jayne-Anne Gadhia hunts for investors in new tech startup January 28, 2019 The former head of challenger bank Virgin Money is to set up her own fintech startup, designed to save consumers money on their household bills. Dame Jayne-Anne Gadhia has approached several investors regarding a new company called Snoop, which will take advantage of Open Banking rules to utilise data about customers' spending habits, according to reports [...]
‘A farce!’ Tories react to Theresa May’s plan to back a change to her Brexit plan January 28, 2019 Theresa May is set for a showdown with the hard Brexit wing of her party on Tuesday as the war over her withdrawal plan intensifies. The Prime Minister will order her MPs to support a plan calling for the unpopular Irish backstop to be replaced with “alternative arrangements” to avoid a hard border on the island. [...]
Row over Bank of England’s Venezuelan gold heats up as senior Tory MP writes to Carney January 28, 2019 The row over the Bank of England’s handling of Venezuelan gold escalated tonight after the former chair of parliament’s Foreign Affairs Committee revealed he had written to governor Mark Carney expressing his concerns over the arrangement. Senior Tory MP Crispin Blunt urged the governor to block President Nicolas Maduro’s attempts to take back the gold, [...]
Will 2019 be the year gold regains its shine? January 28, 2019 | City Talk Gold had a mixed year in 2018, quickly peaking around $1,366 in January, but falling as low as $1,160 by August. For a while it seemed that the correlation between risk-off appetite and gold prices had broken, with the yellow metal overlooked even in times of heightened uncertainty. But after a 7% recovery since early [...]
Labour leadership accused of ‘weasel words’ over Venezuela by their own MPs January 28, 2019 Leading Labour MPs have been accused of “weasel words” on Venezuela after several signed a letter hitting out at the attempted ousting of the country’s dictatorial president, Nicolas Maduro. Shadow chancellor John McDonnell, shadow home secretary Diane Abbott and ten other MPs were among a host of signatories to the letter which appeared in the [...]
Is Yvette Cooper about to take back control of Brexit? Here’s what you need to know January 28, 2019 MPs are set for another vote on Brexit tomorrow, but it’s not quite the make or break moment some are spinning it as. In simple terms, MPs will vote to say whether the Prime Minister came to the Commons within three Parliamentary days of her historic defeat on the Withdrawal Agreement to set out her [...]
US Treasury lifts sanctions on aluminium and power firms linked to Putin ally Deripaska January 28, 2019 The US treasury has lifted sanctions on three companies linked to Russian oligarch Oleg Deripaska – an ally of President Vladimir Putin – despite efforts by Democrats to maintain trade restrictions on the companies. Aluminium giant Rusal, En+ Group and power firm JSC EuroSibEnergo are beneficiaries of the department’s decision to lift restrictions, after Republicans [...]
Kier shares fall again as investors react to reports it will sell housing maintenance arm to cut debt January 28, 2019 Shares in troubled outsourcer Kier Group were down four per cent this morning on yesterday’s news it is to sell off its housing maintenance business in a bid to cut hundreds of millions of pounds worth of debt. The construction firm, whose chief executive left last week after sustained pressure from high-profile shareholder Neil Woodford, declined [...]
Ocado and Marks & Spencer see shares rise on reports of food delivery partnership January 28, 2019 Shares in Marks & Spencer and Ocado were up this morning following reports the firms are in talks over a possible food delivery partnership. Ocado and Marks & Spencer saw their shares rise five per cent and one per cent respectively in early trading after it emerged the retailer could sign a deal to use [...]
Boris Johnson promises Theresa May ‘full-throated support’ if she beats Brexit backstop with a ‘freedom clause’ January 28, 2019 Boris Johnson today upped the pressure on Prime Minister Theresa May by calling on her to persuade the European Union to ditch the so-called Irish backstop. May’s widely unpopular Brexit deal – the result of two years of negotiations with the EU – was resoundingly rejected by parliament before Christmas, largely over concerns created by [...]