Star fund manager Neil Woodford lambasts “frustratingly rife” short-termism in the City Legendary fund manager Neil Woodford has condemned “frustratingly rife” short-termism in the City, lending his support to a stinging criticism of executive pay levels and a failure of investors to hold management teams to account. The founder of Woodford Investment Management has bemoaned fund managers who “do not behave or think like owners, because they [...]
First US commercial flight to Cuba in more than 50 years lands The first US commercial flight to Cuba in more than 50 years has landed in Santa Clara, in a symbol of improving relations between the two nations. JetBlue Flight 387 landed in Santa Clara after taking off from Fort Lauderdale, half a century after the last commercial flight as tension arose during the Cold War. Diplomatic [...]
Prime Minister Theresa May says the UK will not stay in the EU “by the back door” The United Kingdom will not try to stay in the European Union "by the back door", Prime Minister Theresa May has said. Speaking at the beginning of this morning's cabinet meeting at Chequers, May said that the government will deliver on leaving the EU, repeating her mantra that "Brexit means Brexit". Read more: UK family [...]
Ryanair urges government to approve three new runways at Heathrow, Gatwick and Stansted August 31, 2016 Ryanair has called on government to be "radical" and approve runways at three airports in the south east. The company said government should approve new runways at Heathrow, Gatwick and Stansted to resolve the ever-crippling issue of aviation capacity. Read more: Gatwick establishes Growth Board ahead of government's aviation decision The announcement comes as the country [...]
The UK will leave the Single Market as free movement must stop, former chancellor Lord Nigel Lawson says August 31, 2016 The free movement of people throughout the European Union to the United Kingdom should be stopped even if it entails leaving the Single Market, Lord Nigel Lawson has said. Lawson said that people voted in large part for Brexit due to immigration, and as such the UK must move away from the doctrine of free [...]
It’s official: Marginalised people drove Brexit vote August 31, 2016 Lack of opportunity across huge swathes of the UK led to Brexit, one of the first academic analyses into what drove the referendum result has found. The Joseph Rowntree Foundation (JRF) said that people feeling they had been left behind were the bread and butter of Brexit voters. The research concludes that groups of voters who [...]
Punch Taverns reports profits up as Pubs Code comes into force August 31, 2016 Punch Taverns' share price moved marginally higher this morning as it reported that profits were up across its pubs The figures Punch Taverns reported that it has managed to pressure profits up by four per cent across its pubs in its year end trading statement. The company also said it had completed its pub sales, [...]
The Southern rail row isn’t just about the battle between the operator and unions, here’s what’s secretly driving it August 30, 2016 Southern Rail passengers have endured more than their fair share of commuting hell in the past few months: cancelled trains, reduced timetables and, more recently, a string of strikes. The heavy disruption has led to the service being dubbed “Southern Fail” and triggered calls for its delivery to be passed to Transport for London. Public fury [...]
The cost of private schooling is soaring – especially in London August 28, 2016 The total cost of private school education has soared to more than £150,000, according to new research. Research from Lloyds Bank has found that parents paid an average of £156,653 in fees for children who started reception in 2003 and left education in 2016, after year 13. In that time, parents have seen average annual fees rocket by 83 per [...]
Traffic warning for travelling Brits over bank holiday weekend August 27, 2016 Britons are being warned to expect long tailbacks if travelling over bank holiday weekend. The busiest times are expected to be between 11am and 4pm on Sunday and 4pm to 6pm on Monday, RAC motoring group said. In total, the RAC estimates some 20.7m cars will be using major roads for leisure trips between Thursday and [...]
