Budget 2020: Sunak confirms £600bn in capital investment for UK transport and industry March 11, 2020 The Chancellor of the Exchequer Rishi Sunak has pledged £600bn in investment over the next five years for infrastructure and industry in today’s Budget. The announcement will mean that public investment will hit its highest levels since 1955, and will see capital budgets rise over £110m in 2024 and 2025. Part of the deal will [...]
Labour will split up Treasury and move half north, vows John McDonnell July 7, 2019 John McDonnell would break up the Treasury and move a large chunk of it to the north of England if Labour came to power, the shadow chancellor confirmed today. Read more: John McDonnell dismisses claims of civil war at top of Labour He said on the BBC’s Andrew Marr show that locating decision-makers and administrators [...]
Peckham judged the world’s eleventh coolest neighbourhood September 18, 2019 “This time next year we’ll be in the top ten” Peckham has been named the world’s eleventh coolest neighbourhood in the 2019 Time Out Index. The south London hotspot may still be more globally famous for the antics of Del Boy and Rodney but a new generation of chefs, baristas and bartenders are turning it [...]
Arrow Global shares rise following €838m fund raise December 18, 2019 Arrow Global shares have risen this morning after the debt recovery specialist announced it had raised €838m (£712m) for its first fund. Of the total capital commitments for the eight-year closed end fund, €628.5m was raised from third party investors. Read more: Arrow underlying profits fall due to rise in costs The fund is targeting [...]
Boohoo co-founders sell off £143m of shares December 5, 2019 Boohoo’s Boohoo’s co-founders have sold a whopping £142.5m of shares in their company, it emerged today, sending the online retailer’s stock down in early trading. Co-founder and executive director Carol Kane sold a third of her stake in the fashion brand – 15m shares – for 285p each to slash her stake to 2.7 per [...]
Jose Mourinho’s Manchester United future: Why former Chelsea manager could only ever be a short-term fix at Old Trafford August 21, 2018 The twin tenets of Manchester United’s ethos are stated in black and white in their investor prospectus of summer 2014, issued when the Glazer family put shares up for sale on the New York Stock Exchange. Under a section highlighting the qualities that made then-manager Louis van Gaal an attractive hire, it notes that the [...]
Intu shares plunge after it cans £1bn emergency cash call March 4, 2020 Shopping centre-owner Intu has cancelled an emergency fundraising after it was unable to persuade enough shareholders to put money into its business. Its shares crashed 38 per cent this morning to 6p following the announcement, before recovering to 9p – down 15 per cent on last night’s close. The company last month said it was [...]
Football Betting Tips: Celebrate summer with an early payday on Pep’s men August 8, 2019 AS MUCH as we love the British summertime, more often than not it can feel like a long old slog until the Premier League gets underway again. However, it may not have to be too long until a potential pay-out. While Manchester City to win the league at 1/2 may not be the most attractive [...]
Flybe’s last flight: How Europe’s biggest regional airline met its demise March 9, 2020 At 8.30pm on Wednesday evening, passengers were still being ushered onto planes bearing the indigo livery of Flybe. Half an hour later, members of the cabin crew on one of its last ever flights, from Manchester to Belfast, were crying, having just lost their jobs. “Staff in tears. This is so grim,” tweeted Holly Hamilton, [...]
Boris Johnson hatches plan to devolve rail power to the north September 8, 2019 Boris Johnson is preparing to hand leaders in the north responsibility for train services as part of a big industry shakeup. Two struggling rail franchises, Northern and the Transpennine Express, are to be devolved to a new body that would be similar to Transport for London in the capital. Read more: Southeastern among franchises placed [...]