Virgin Trains manager jumps ship to First Group for west coast main line railway takeover November 26, 2019 First Group has poached the boss of Virgin Trains just in time to take over the west coast main line rail franchise in 12 days’ time. Phil Whittingham, who has been at Virgin since it took control of the country’s most lucrative rail network in 1998, will keep running the line, which connects London to [...]
Ignore Labour, Britain needs billionaires to feel welcome November 26, 2019 Labour wants to get rid of billionaires. If that sounds hyperbolic, just listen to how the party’s heavyweights talk about billionaires, in their own words. “No one needs or deserves to have that much money,” shadow chancellor John McDonnell has declared. “It is obscene.” Meanwhile, Jeremy Corbyn, who hopes to become our Prime Minister next [...]
Pump priming: How the shale gas revolution has transformed the US energy industry November 26, 2019 At KD’s Bar-B-Q in Midland, Texas, one can see first hand that the energy boom is still alive and well. Oil service workers, property developers, and financiers stand in a line that snakes out onto the street to order its fabled tri-tip steaks and ribs. In less than a decade, a boom in the country’s [...]
Tony Blair: Both UK parties are ‘peddling fantasies’ ahead of General Election November 25, 2019 Prime Minister Boris Johnson and Labour leader Jeremy Corbyn are both “peddling fantasies” ahead of the upcoming General Election, Tony Blair will say today. At an event in London, the former Prime Minister is set to criticise the country’s two main parties for offering a stark choice, aiming to win over voters “on the basis [...]
Sir Richard Branson to make a third bid for the National Lottery November 24, 2019 Sir Richard Branson will make a third attempt to wrest control of the National Lottery from incumbent Camelot, almost twenty years on from the last of his past efforts. The decision to enter the running to displace the Canadian company as the lottery operator reignites a rivalry that in the past led to a High [...]
Rivals blast Hargreaves Lansdown for transfer delays in wake of Woodford saga November 22, 2019 Hargreaves Lansdown has come under fire from rivals after it emerged customers are being forced to wait up to three months to transfer their assets to other investment platforms in the wake of the collapse of Neil Woodford’s investment empire. Five of the fund supermarket’s competitors told City PM that waiting times for customers transferring [...]
Boris Johnson is right to delay corporation tax cuts November 21, 2019 Boris Johnson showed a lot of guts to go to the CBI Conference and announce that he was delaying a planned corporation tax cut in order to fund public services. This was a speech which was long overdue. Since 2010, governments have given away corporation tax cuts worth over £60bn. This figure doesn’t include the [...]
Elon Musk to face defamation trial over ‘pedo guy’ comments November 20, 2019 Tech billionaire Elon Musk will appear in court to face a defamation lawsuit after he referred to a British diver as “pedo guy” on Twitter. A Los Angeles judge today denied Musk’s request to throw out the case and ordered the trial to begin on 3 December. Read more: Brexit has cost Britain a Tesla [...]
Trump inquiry: There was ‘quid pro quo’ in Ukraine call, ambassador says November 20, 2019 President Donald Trump knew about requests to Ukraine for investigations into his rivals and understood there was a “quid pro quo”, a top US diplomat has said. Gordon Sondland, US ambassador to the EU, told an impeachment inquiry that he “followed the President’s orders” and those of his lawyer Rudy Giuliani. Read more: Asian stocks [...]
White House official slams Trump call and ‘cowardly’ attacks on witnesses November 19, 2019 A senior White House official has testified that US President Donald Trump’s phone call with Ukraine’s leader was improper, while blasting “cowardly” attacks on witnesses. Lieutenant colonel Alexander Vindman, the White House National Security Council’s top Ukraine expert, made the comments during a hearing in the impeachment inquiry into Trump. Read more: Donald Trump impeachment: [...]
