Trump demands US Treasury cut of Tiktok sale August 4, 2020 US President Donald Trump has said the US Treasury should be brought in on Microsoft’s potential acquisition of Tiktok’s American arm, arguing the deal wouldn’t happen without its approval. Trump said he told Microsoft the government should receive a “substantial portion” of the deal if an American firm buys the operation. Tiktok’s Chinese owner Bytedance [...]
Rishi Sunak orders review into UK capital gains tax July 14, 2020 Chancellor Rishi Sunak has commissioned a report into capital gains taxes, which could lead to the government increasing the tax burden to help pay for its coronavirus spending. Sunak has asked the Office of Tax Simplification to conduct the review, with the body launching a survey today asking for “evidence to seek views about capital [...]
Tiktok could be sold to US investors to avoid American ban July 22, 2020 Beleaguered video app Tiktok could be split from its Chinese parent company Bytedance and sold off to US investors in a bid to curtail a mooted ban on the app in America, as questions over the company’s data protection policies face mounting criticism on both sides of the Atlantic. Tiktok’s $110bn (£86bn) parent firm Bytedance [...]
Fewer home sellers in November as general election ramps up uncertainty November 18, 2019 The number of new sellers advertising their properties for sale slumped by the largest amount in a decade this month, as a Brexit deadline and a looming general election spooked prospective sellers. According to the latest research, the number of new sellers dropped 14.9 per cent – the largest year-on-year fall since August 2009 – [...]
Tory MPs vote against protecting the NHS from a post-Brexit trade deal July 21, 2020 Tory MPs last night voted down an amendment to the government’s Trade Bill intended to protect the NHS from any form of control from outside the UK, in a major blow to Britain’s health service as it grapples with the aftermath of the pandemic. Labour proposed an amendment to the Trade Bill which would have [...]
Rightmove shares slump despite strong results March 1, 2019 Shares in property website Rightmove fell this morning despite the company reporting an increase in revenue and profits. Rightmove’s share price dipped 5.6 per cent to 455p today as the firm announced its full-year results for 2018. Read more: London house sales drop over political uncertainty The figures Underlying operating profit was up 10 per [...]
TSB swings to a loss due to rise in impairment charges July 31, 2020 TSB has reported a £66m pre-tax loss as credit impairment charges increased by £87.5m in the first half of the year. The figures TSB reported a statutory loss before tax of £65.5m, compared to a pre-tax profit of £21.1m in the first half of 2019. The bank said credit impairment charges increased by £87.5m, which [...]
Exclusive: City fund managers on pandemic volatility, inflation and value vs growth March 24, 2021 It has been a surreal year for fund managers in the City, with unprecedented volatility descending on practically every investment vehicle, asset manager or investor operating out of the Square Mile. The unpredictability of the ongoing pandemic is one of the reasons why the age-old investment-driven debate about ‘cheap’ value stocks versus ‘expensive’ growth equities [...]
Rightmove: Tory election win will boost UK house prices by two per cent in 2020 December 16, 2019 UK house prices are expected to see a two per cent jump next year following the Conservative Party’s election victory. Prices will benefit from greater home-mover confidence, which has been weakened by political uncertainty since the 2016 EU referendum. However the latest research suggests the housing market will only return to full health when “Brexit [...]
John McAfee: A crazy life of searching for one thing, which he eventually found by chance June 30, 2021 Crypto AM editor Darren Parkin chronicles the remarkable life of John McAfee, who died on June 23 2021.