Cobra Beer founder Lord Bilimoria set to be appointed next CBI president May 26, 2019 Cobra Beer founder and second referendum backer Lord Bilimoria is the leading candidate to become the next president of the Confederation of British Industry (CBI). The entrepreneur has been lined up to replace Tesco chairman John Allan at the helm of the influential business lobbying group, Sky News reported. Read more: Cobra's Lord Karan Bilimoria [...]
Michael Gove becomes eighth Tory MP to officially join leadership race to succeed Theresa May May 26, 2019 Michael Gove has officially entered the Tory leadership contest, becoming the eighth MP to join the race to succeed Theresa May. The environment secretary confirmed he would be running against Boris Johnson in a repeat to the 2016 leadership contest, which was won by May. Read more: Tory leadership race: Who are the leading candidates? [...]
Goldman Sachs ramp up no deal Brexit chances after Theresa May resigns May 26, 2019 US investment bank Goldman Sachs has ramped up its probability of a no-deal Brexit as leading Conservatives put themselves forward to replace Theresa May as Prime Minister. Goldman Sachs analysts raised the chances of the UK leaving the EU without a deal from 10 per cent to 15 per cent, citing the emergence of hardline [...]
Elon Musk’s SpaceX has raised more than $1bn in last six months May 25, 2019 SpaceX has raised more than $1bn (£786m) in financing over the last six months, including $535.7m in an offering that began in April, its regulatory filings on Friday showed. Elon Musk's company is aiming to roll out a high-speed internet service by using a number of satellites in space. Read more: Elon Musk's Space X [...]
Matt Hancock is the latest MP to join the race to become next Conservative leader May 25, 2019 Matt Hancock has become the latest MP to enter the race to replace Theresa May as Prime Minister. He joins Boris Johnson, Jeremy Hunt, Rory Stewart and Esther McVey in officially announcing their intention to become the next Conservative leader. Read more: Tory leadership race: Who are the leading candidates? Speaking to BBC this morning, Hancock said: "Yes. [...]
‘Escalation scenario’ increasingly likely in US-China trade war, warn Barclays analysts May 24, 2019 An “escalation scenario” is becoming “increasingly likely” in the US-China trade war, analysts at Barclays have warned, as China mulls its options for retaliation against US tariffs. Read more: China warns of trade repercussions after Huawei ban The Barclays note came after tough talk from China on the trade conflict, with President Xi Jinping this week [...]
Tory leadership race: Who are the leading candidates to replace Prime Minister Theresa May? May 24, 2019 Theresa May's resignation today kicks off a Tory leadership race that could see more than a dozen candidates throw their hats into the ring. The leadership battle had already begun, with leading candidates raising cash, putting together support teams and giving the Sunday papers softball interviews in their kitchens. Some leadership contenders have publicly stated [...]
Theresa May resignation live: Sir Graham Brady and Jeremy Hunt join race to replace Theresa May May 24, 2019 This is a live blog. Please refresh your page manually to get the latest updates. Welcome to our live blog as we follow all the latest developments on the day that Prime Minister Theresa May has announced that she will resign. May has served three years in Number 10 Downing Street but is set to [...]
Economists warn Theresa May’s departure makes no-deal Brexit more likely May 24, 2019 The departure of Prime Minister Theresa May ramps up the chances of Britain crashing out of the European Union without a deal, economists have warned following the PM’s speech confirming her resignation. Read more: Theresa May to resign as Conservative party leader on 7 June May announced that she would resign from the post on [...]
‘Exit on WTO terms is still a very real possibility’: City reacts to Theresa May’s resignation May 24, 2019 Business groups reacted today to the resignation of Theresa May as Prime Minister. The interim director of the Institute of Directors Edwin Morgan said: “To borrow a phrase, nothing has changed, or at least, very little has. A new leader will be faced with the same political challenges and the same economic realities. “No deal [...]
