Flash crash trader’s former boss says Navinder Singh Sarao is set for “superstardom” or “infamy” April 24, 2015 The former boss of so-called flash crash trader Navinder Singh Sarao has revealed the "low-key" city worker had the potential to be "legendary" and believes he did not cause the 2010 crash which wiped billions from the stock market. “Nav was always going to the kind of person that I believed would be legendary, potentially [...]
General Election 2015: Undecided voters may go for David Cameron thanks to Tory strength on the economy April 24, 2015 The economy is the top issue for undecided voters, according to a new ComRes poll. With the Tories and Labour running neck and neck in the polls and much of the electorate still not sure who they're going to vote for, the election could be determined on just a few thousand undecided voters in a [...]
David Cameron says English votes for English laws will go ahead in first 100 days of Tory government April 24, 2015 David Cameron and William Hague have outlined their plans for English Votes for English laws (EVEL) which include an England-specific rate of income tax. The proposals are part of the Conservative Party's first ever English manifesto. The Tory campaign has zoned in on the possibility of a SNP-Labour deal as a key issue that could sway [...]
David Cameron urges City workers: Labour-SNP coalition would be toxic for Britain – don’t put UK’s economic recovery at risk April 23, 2015 We have less than two weeks to save our economy. Stark, but true. At this election, the difference in economic policy on offer is more marked than it has been for a generation. The Conservative offer is clear: a continuation of the long-term economic plan that is turning our country around. Last year we were [...]
Voters back up Nigel Farage and say media are most biased against Ukip April 23, 2015 A plurality of British voters think the media is much more likely to be biased against Ukip than any other major political party. The media has often made great play of gaffes and inappropriate remarks made by Ukip politicians and members. However, Ukip consistently points out that the media rarely reports similar offences committed by [...]
General Election 2015: David Cameron, Ed Miliband and Nick Clegg on how they’re going to solve the housing crisis (and which is their favourite room) April 23, 2015 House prices are too high and there aren't enough homes on the market, a new – not altogether surprising – study has suggested. But with an election just days away, property search giant Rightmove, which conducted the research, decided to take it to the leaders of each party to see what they're going to do [...]
Have UK government borrowing figures just given Osborne a pre-election boost? April 23, 2015 Chancellor George Osborne just received a pre-election boost after official figures released today showed he met his target for lowering the country's budget deficit in the 2014/15 financial year. The Office for National Statistics (ONS) said public sector net borrowing, which fills the hole between spending and revenues, fell to £7.4bn in March, down 5.6 percent [...]
Why the “flash crash” whistleblower is in line for millions after implicating Navinder Singh Sarao April 23, 2015 The United States federal authorities could make it rain for the anonymous tipster who helped expose tracksuit wearing trader Navinder Singh Sarao who is accused of contributing to the "flash crash" five years ago. Under the US Commodity Futures Trading Commission's (CFTC) whistleblower program, created as part of the government's response to the financial crisis, whistleblowers receive between 10 [...]
WPP sales are up, but chief executive Martin Sorrell is cautious about the year ahead April 23, 2015 The world's biggest advertising firm had a good first quarter, but warns that clients are giving away less business. The figures During the first three months of 2015, like-for-like sales went up by 2.5 per cent for WPP, mainly driven higher by a strong performance in North America. Revenue was also up 8.3 per cent [...]
Navinder Singh Sarao: Quiet man of Hounslow in eye of a share storm April 23, 2015 A younger Navinder Sarao, the 36-year-old UK day trader facing extradition to the US for his alleged role in 2010’s flash crash, was a quiet man and a whizz at maths as a student, according to his neighbours. Anil Puri, a childhood friend, said Sarao was a “bright kid” and “definitely had a good future”. [...]
