Reshuffle: Robert Jenrick leaves cabinet after one controversy too many September 15, 2021 Robert Jenrick sought to present himself as a clean-cut professional in the Cabinet, but the axe fell on the housing secretary after a string of high-profile and damaging accusations. His sacking from Boris Johnson’s top team followed the unlawful approval of a Tory donor’s housing development and his eyebrow-raising journeys during lockdown. As Secretary of [...]
UK heading for ‘winter of discontent’ in wake of Brexit, warns John Swinney September 12, 2021 The UK is facing a “winter of discontent” after the Tories pushed ahead with Brexit, taking Britain out of the European Union, Scotland’s Deputy First Minister will warn. With supermarkets having already experienced issues with shortages, John Swinney will argue that such problems show how “Westminster isn’t working”. The Scottish Deputy First Minister will use [...]
Nicola Sturgeon faces calls to resign over Alex Salmond revelations March 3, 2021 Scotland’s First Minister Nicola Sturgeon is facing calls to resign amid claims she lied to Parliament over her involvement in the Alex Salmond saga. The Scottish government has published emails showing it continued a doomed legal fight with Salmond despite lawyers saying it was likely to lose. In a devastating blow before her appearance at [...]
Former Wise employees to launch commission-free investment app after $1.5m round June 3, 2021 Two early Wise employees are capitalising on the rising demand for commission-free investment apps and have today announced a $1.5m pre-seed round for their own app. Lightyear, founded by Martin Sokk and Mikhel Aamer, claims to blend multi-currency accounts with unlimited access to markets without hidden fees or charges. It has today launched its waiting [...]
Wall Street dips on tech sell-off after FTSE 100 closes higher March 30, 2021 Wall Street closed in the red today following a sell-off of tech stocks as US Treasury yields hit a 15-month high. The S&P 500 and Dow Jones both dropped 0.3 per cent, while the Nasdaq slipped 0.1 per cent. It came after the FTSE 100 pushed higher following a volatile start to the week as [...]
Boris Johnson ‘risks losing the red wall’ over lobbying scandal, says senior Tory April 18, 2021 Boris Johnson could lose seats in the red wall areas in the North of England if he does not get a grip on the ongoing government lobbying scandal, according to a senior Conservative MP. MP for Harwich and North Essex Sir Bernard Jenkin wrote today that the scandal was “corrosive” to the public’s trust in [...]
LIVE BLOG: Boris Johnson ‘should not remain in Downing Street’ says former PM Sir John Major July 7, 2022 Welcome to City A.M.’s rolling coverage of the ongoing Conservative coup against prime minister Boris Johnson. We’ll bring you all the latest news, resignations, appointments, analysis and opinion, as well as the impact of the crisis on the markets and economy. 2pm – Former PM Sir John Major says Boris Johnson “should not remain in [...]
Kremlin-linked Russian money laundered in London: UK should ‘get its house in order on dirty Russian cash’ February 16, 2022 Boris Johnson’s government needs to “get its house in order” if it is serious about tackling “dirty money” from Russia coming into the UK, Keir Starmer has said. The Labour leader also called for the Government to “go now and go hard” with sanctions against Russia, as he said the Prime Minister should return all [...]
Activist investor Elliott takes stake in Saga July 17, 2019 US activist investor Elliott has taken a stake in troubled tourism and insurance firm Saga in a move that could put pressure on management to boost returns. Shares in Saga were up 9.18 per cent this afternoon after it was revealed that Elliott Capital Advisors has disclosed a 5.14 per cent stake in the company. [...]
Two more cases of Brazil variant found in England March 16, 2021 Two more cases of the Brazil coronavirus variant have been found in England, bringing the total number of reported cases of the variant in Britain to 12. Public Health England said both of the new cases – one in the West Midlands and one in Haringey – were linked to international travel with Brazil. The [...]