Ukip could face £20,000 fine over General Election funding debts June 21, 2015 Ukip is struggling to fill a £500,000 black hole in its finances, after overspending during the General Election. According to The Independent on Sunday, a source said the party had “lost control” of its finances during the election. It must balance its election books by 6 July or face a possible reprimand under the Political [...]
Taylor Swift lashes out at Apple’s new streaming service: “We don’t ask you for free iPhones. Please don’t ask us to provide you with our music for no compensation” June 21, 2015 Taylor Swift has lashed out at Apple’s plans to offer a free three-month trial of its music streaming service, writing: “We don’t ask you for free iPhones. Please don’t ask us to provide you with our music for no compensation.” She won't now be allowing her latest album, 1989, to be streamed via Apple's new [...]
Greece crisis: European Central Bank offers Greece another liquidity lifeline June 19, 2015 Stocks in Athens were up as much as two per cent this afternoon, after the European Central Bank (ECB) offered a lifeline to Greece this afternoon, increasing the amount of emergency liquidity its banks can draw on for the second time this week. Read more: Countdown to Grexit: The key dates that could save Greece before [...]
London Stock Exchange Group appoints Royal Mail’s Donald Brydon to replace Chris Gibson-Smith as its new chairman June 19, 2015 London Stock Exchange Group (LSEG) has appointed Donald Brydon as its new chairman. Brydon has an impressive CV, having served as chairman of Royal Mail as well as spending 15 years at AXA, where he occupied a number of roles. He will be replaced at Royal Mail by Peter Long, co-chief executive of travel company TUI. Read [...]
Happy birthday Aim: How 20 years of London’s junior market stacks up June 19, 2015 Today is the 20th anniversary of the UK's junior market: despite the fact Aim is currently sitting 24 per cent below its opening price, it has enjoyed some remarkable success stories. The market started with just 10 components at its launch back in 1995; these days, 1,074 companies are listed on Aim. Its value has [...]
UK house prices: Arsenal top the Premier League of renting June 18, 2015 Arsenal can finally claim to be top of the Premier League, at least when it comes to rental prices. Lettings agent Rentify has compiled a list of how top football clubs would rank if the table were organised on the rental price for a two-bedroom flat. Read more: How would the monopoly board look in [...]
Greek official: Athens cannot pay the €1.6bn it owes the IMF June 18, 2015 Greece cannot pay the IMF the €1.6bn (£1.2bn) it owes, the government has admitted. Speaking to Reuters, one of Greece’s top negotiators, Euclid Tsakalotos, said Athens was willing to make concessions, but would not cross any of its red lines, such as cuts to pensions. He said: There is no financing. We haven’t got access [...]
Billion Poundland: Profits up 18.6 per cent for budget retailer in first year since IPO June 18, 2015 Poundland’s profits soared 18.6 per cent in the 12 months to 29 March as it passed £1bn in sales for the first time. Read more: Poundland brings forward competition probe into 99p Stores deal The figures Underlying pre-tax profit hit £43.7m, an 18.6 per cent increase on 2014’s £36.8m. Total sales rose 11.9 per cent to [...]
Grexit from the euro means Greece will also have to leave the EU says Martin Schulz, as Athens claims ball is in creditors’ court June 18, 2015 There is no legal route for Greece to remain in the EU if it leaves the euro, the President of the European Parliament has said. In an interview with the Guardian, Martin Schulz said the Lisbon treaty stipulated that all EU members eventually join the euro: Once you are a member of the Eurozone there [...]
Greek crisis: UK stepping up contingency plans for Grexit says George Osborne June 17, 2015 The government has started planning for a Greek exit from the Eurozone, George Osborne has confirmed. Read more: European Commission President Jean-Claude Juncker says Greece has been misleading its voters A Grexit would pose "serious economic risks" to the UK, the chancellor said today, as David Cameron prepares to discuss the crisis with Italy's Prime Minister [...]
