Gold above $1,200 for the first time since November as Trump economic policy vacuum pulls investors away from equities

Share whatsapp Jasper Jolly Gold above $1,200 for the first time since November as Trump economic policy vacuum pulls investors away from equities Thursday 12 January 2017 10:06 am Gold usually moves in the opposite direction to the dollar, which hit 14-year highs during the post-election market euphoria.Read more: Risk-filled 2017 drives gold investor sentiment to highest level since 2012Gold – traditionally a safe-haven investment – fell steeply after the election of Trump, as investors moved their money into riskier equities. Trump was widely expected to pursue a de facto stimulus, with policies mentioned on the campaign trail including massive tax cuts and deregulation combined with a trillion-dollar spending spree.However, more details of the economic policies – which would be unprecedented for a Republican President – have failed to emerge.During a raucous press conference the US President-elect failed to mention fiscal policy, other than an aside on drug prices which stunned the pharmaceutical industry worldwide. whatsapp Read more: FTSE 100 gold miners lose their shine as prices slump to 10-month lowHe also claimed he would “be the greatest jobs producer that God ever created”, despite government statistics showing – and the vast majority of economists believing – the US economy nearing full employment.Trump gave no specific instances of how he would do this, but did mention the “trade imbalance” with China as a “disaster” for the US.David Morrison, senior market strategist at Spread Co, said: “Mr Trump had nothing to say about tax cuts, reducing regulation or infrastructure spending. This omission led to a sharp sell-off in the US dollar and a corresponding bounce in precious metals.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedTaco RelishGuests That Infuriated David Letterman And More FactsTaco RelishZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.com Gold prices continued their rally from mid-December lows as investors edged back from the Donald Trump reflation story.Gold futures prices broke the $1,200 per troy ounce mark for the first time since late November, as the US dollar hit its lowest point for almost a month. read more

Germany’s Hubert Burda Media buys Radio Times and other UK magazines for £270m

Announcing the deal this morning, Burda noted that Immediate has more than 19m consumers each month, and described Radio Times as the UK’s most profitable media brand.Burda is a technology and media company with more than 540 brands across the world.Read more: The most rock ‘n’ roll deal of 2017: Media firm buys, and saves, music magsIn Germany, it has titles in the news, fashion, gardening, lifestyle, food and entertainment sectors.In the UK, Burda already publishes magazines including YourHome and Wedding, and recently led a funding round for Notonthehighstreet.com. Tom Bureau, chief executive of Immediate Media, added: “Since we formed Immediate with Exponent in 2011, we have created a dynamic, thriving business. We have grown revenues and profitability substantially, and have invested in people, technology and business models.“The business is primed for further growth, and I am happy that we have found a partner that shares our vision for growth and innovation. Burda is an exciting, global business and we are happy to become part of their network of entrepreneurs.” Immediate was established in 2011 following a merger of different media platforms, which was backed by Exponent Private Equity.“Immediate Media is a great platform for print as well as digital consumer businesses in the UK,” said Burda chief executive Paul-Bernhard Kallen.“The successful management team brings strength and depth across publishing, technology and e-commerce and has built a growing, profitable company with a large and loyal customer base.Read more: Non-Ascential items: Events company puts 13 magazines up for sale“We believe Burda and Immediate Media match perfectly – with regards to the business segments as well as to the entrepreneurial mindset of both companies.” A German media company has announced a deal to buy Radio Times and more than 70 other magazines.Munich-based Hubert Burda Media is understood to have acquired Immediate Media from its private equity owner Exponent and Management for £270m. Germany’s Hubert Burda Media buys Radio Times and other UK magazines for £270m William Turvill Share whatsapp Thursday 12 January 2017 12:10 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp read more

How well do you know your audience? Not as well as Spredfast’s Leo Ryan

Elliott Haworth Monday 23 January 2017 6:01 am How well do you know your audience? Not as well as Spredfast’s Leo Ryan whatsapp Leo Ryan: Lots of brands still have a broadcast mindset (Source: Greg Sigston (City A.M.))“I love the metaphor of conversation,” he tells me. “I’ve been doing this [social media] since 2005, and originally, it was called participatory media. Social media didn’t exist! But participatory media is more accurate: social media, as a term, is really dangerous – you put the word social next to the word media, and people think ‘oh I can reach millions of people.’ And you can, but that’s broadcast, it’s not a conversation.”Understand Ryan contends that many brands are “sleepwalking into social,” in that their focus is outmoded, a relic of the one-to-many broadcast age that doesn’t take advantage of the interactivity of social media. Some brands still have a broadcast mentality (Source: Getty)With social media, he says “you have to think about it as a conversation. Traditionally as a brand, you didn’t have to care about people talking about you because you were able to just keep telling them about your product, over and over and over again.“And this is one of the challenges, and why I think there’s an element of sleepwalking – it’s a muscle memory. The process of how brands communicate, especially large brands who spend a lot of money on their communications, is with a broadcast mindset. But if you don’t care about what the audience is interested in, by default, you only care about what your brief says you’ve got to get across. They need to listen.” Spredfast is a tech unicorn, Texas-based, but on a path of aggressive global expansion, with London as its European head office. Social media marketing spend continues to swell as brands accept its efficacy as a medium for communicating with consumers.Social media is a treasure trove of first party data, which brands can use to better understand their audience – but Spredfast goes further than just directing ads. The platform uses real time social media data to gauge sentiment around any given subject or place, and then converts it into simple charts and figures which marketers can use to best determine anything from where their money should be spent, to how customers feel about a certain product.Ryan, fluent in anecdote with an Aussie drawl, gives the example of Land Rover’s Facebook page, which currently has excess of 14m likes. “When we dug into who their followers were, there were huge numbers of young men from Pakistan, India, and the other ‘stans. But once you sifted through the numbers, you realise that they’re not going to buy a Range Rover – ever! It’s a cool brand, so that means we have to treat that audience in a different way. When you look at the engagement, they love posts about the new Defender or new Vogue, but they’re not the sort of people who you want to be targeting advertising at – or anything for that matter. You give them two per cent of your effort, because they might share a bit of content.”PromoteAs a platform Spredfast is multifaceted, a place to launch and maintain your social media presence, while listening to your audience. But it can also help businesses to unlock and cross-analyse first party data within their organisations. One such feature is the ability to run competitions through its Promotions feature.“The reason you run a competition is because you want to start gathering data,” says Ryan. “One of our customers is Euro Disney, for example. They wanted to understand which of their audience had children. So, it was Christmas, and they took their email list, cross referenced it with their Facebook audience, and targeted posts called ‘The 12 Days of Christmas’. Each day was a different post asking different questions about what they like, and one of the questions was: ‘do you have children?’ They then pegged all that data to their email list, and they could target more specifically – so they’re not sending people irrelevant messages. Instead it’s: ‘here’s an offer for you and the kids.’”Sleepwalking whatsapp In the 1970s German philosopher Jurgen Habermas concocted the notion of Offentlichkeit – better known as the public sphere, or “an area in social life where individuals can come together to freely discuss and identify societal problems”.Some 40 years on, the advent of social media has realised his ideal tenfold, and the mass sharing of information in the public sphere is but a fragment of our daily lives. Whether it is possible to make sense of popular opinion, debate and discourse is another question. One that Spredfast is helping to answer. Share At its core, Spredfast is an enterprise social media management platform, but that alone is a vast underestimation of its capabilities. For brands and marketers, it is a place to make sense of the swathes of data produced across social media with laser precision. So much so that Facebook and Twitter themselves use the platform for their own in-house analytics.“We have very close relationships with them, they’re both our suppliers and our customers,” says Leo Ryan, vice-president of customer solutions for Europe, Middle East and Africa at Spredfast. “We listen to what happens across platforms – so that gives you a sense of what people are talking about. It answers questions for brands about their audience: ‘what content do they like? Who are my audience? People have liked my page – what else are they interested in?’”ConversationRyan has worked at Spredfast for approaching a year, poached from Ogilvy & Mather, where he was a head of social. We’re at a noisy restaurant in Bank, where he arrived by bicycle, low on phone battery by lunchtime, juggling a school placement for his son – but composed considering. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekPensAndPatronTori Roloff Confirms Devastating News About The FamilyPensAndPatron read more

Fresh batch of bankers to be brought within landmark accountability scheme on Tuesday

More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com However, the regulator’s director of enforcement and market oversight, Mark Steward, remarked in a speech at the start of this year that the new Senior Managers’ rules had pushed the agency to rethink its approach for blockbuster penalties.”We don’t expect senior managers to agree so readily to pay high fines to resolve cases,” said Steward. “We expect there will be more contest and more litigation.” whatsapp whatsapp Sunday 5 March 2017 7:12 pm Hayley Kirton by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAnyMuscle9 early warning signs and symptoms of diabetesAnyMuscleOutdoorsomeThe best of US National Parks, hiking, and outdoor adventuresOutdoorsomeanymuscle.com15 Symptoms of Diabetes You Shouldn’t Ignoreanymuscle.comPhoto StickHow To Backup All Your Old Photos In SecondsPhoto StickUnited Naturals GutConnect 365 SupplementHow To Entirely Empty Your Bowels Each Morning {1 Min Routine}United Naturals GutConnect 365 SupplementWorldLifeStyleMan Leaves After Card Declines, Returns With A CopWorldLifeStyleBestycatsThe Only Car That Can Repair ItselfBestycatsTruck Driver Jobs | Search adsTruck driving may be more lucrative than ever! 2021 salaries may surprise you.Truck Driver Jobs | Search adsMobiSpirit40+ Celebrity Couples That Prove True Love ExistsMobiSpirit Even more bankers are to be brought within the remit of the Senior Managers’ and Certification Regime on Tuesday, one year after the first tranche of rules came into force. Under the Certification Regime, which is designed to increase levels of personal accountability in the financial sector, banks are required to identify any workers who could pose “significant harm” to their clients or the firm itself. Those affected, such as mortgage advisers and junior investment bankers, will be issued with a certificate from their firm stating they are “fit and proper” to carry out their jobs, and added to the Financial Conduct Authority’s (FCA) list of senior managers the regime already applies to. These certificates will need to be updated yearly.Read more: It’s official: This is the deadline if you want to make a PPI complaintThe Sunday Times reported this next branch of the scheme could apply to more than 35,000 staff members.The Senior Managers’ Regime, which focuses on those who hold critical roles at the firms caught by the rules, came into force on 7 March last year.The Senior Managers’ and Certification Regime is due to be extended to other financial sector firms at some point in 2018. Share Fresh batch of bankers to be brought within landmark accountability scheme on Tuesday Read more: City watchdog launches consultation over plans to shake up the IPO processThe chief executive of the FCA, Andrew Bailey, has previously said he hopes the regime will prevent any crisis similar to the one in 2008.”I hope that it would have contributed significantly to creating an environment where people say: ‘I won’t do the sorts of things that I did do, because I know much more clearly now what the consequences of those actions would be,'” he said last year in an interview with ITV News at Ten.The FCA has secured a number of sizable fines in recent years for wrongdoings by companies in the financial services sphere. According to figures cited in January, the City watchdog, along with its predecessor the Financial Services Authority, has slapped firms with more than £3bn in penalties over the course of five years. Read more: HSBC reveals it’s being probed over money laundering issues read more

Royal Mail ’embarrassed’ at lack of shareholder engagement over executive pay

first_img Tags: Company Royal Mail Unilever whatsapp Tuesday 16 October 2018 1:25 pm James Booth Read more: Unilever scraps proposals to leave London headquarters”I really am embarrassed that we got this engagement with shareholders so wrong and I want to assure the committee we won’t do that again,” she said.MPs on the committee also questioned Ni-Chionna on the £5.8m paid to current chief executive Rico Back to buy him out of his previous contract when he was chief executive of Royal Mail’s GLS business.Chair of the committee Labour MP Rachel Reeves said Royal Mail was “making decisions without engaging with your shareholders… and workers aren’t being included in decision making processes either.”Reeves said there was a lack of challenge to some of what she called the “complacency” on the board of Royal Mail, something that Ni-Chionna denied. whatsapp Ni-Chionna, appearing before the Business, Energy and Industrial Strategy select committee, said it was a “huge disappointment” and “shock” that over 70 per cent of shareholders voted against its remuneration report at its annual general meeting (AGM) in July.Read more: Royal Mail downgrade forces shares below 2013 IPO priceShe said Royal Mail had since interviewed its 10 largest shareholders and had found that the “overwhelming” issue for the vote against the report was Greene’s contract which awarded her a full-year’s pay and bonus, despite her not working through that period.Labour MP Peter Kyle asked why Royal Mail’s response was “entirely reactive” and accused the remuneration committee of going “weak at the knees” in the face of a powerful chief executive.Ni-Chionna said Royal Mail had “miscalculated” its engagement with shareholders on the issue of Greene’s contract which she said was a “big mistake”.center_img Royal Mail’s remuneration committee chair Orna Ni-Chionna told MPs today she was “embarrassed” at the failure to engage with its shareholders before a major revolt over the pay for its outgoing chief executive Moya Greene. Unilever head of reward Peter Newhouse, who also appeared as a witness, was challenged by MPs over the more than 30 per cent of shareholders who voted against its remuneration policy at its UK AGM in May.MPs also raised the decision by Unilever to backtrack on its plans to move its headquarters to the Netherlands after a backlash from shareholders earlier this month.Committee chair, Labour MP Rachel Reeves, said: “Isn’t there a little bit of a pattern here, Mr Newhouse, that you propose things… shareholders don’t like it very much and you decide you had better do a bit of engagement?”She added: “I’m suggesting Mr Newhouse that perhaps you could improve things by discussing things with your shareholders a little bit sooner and therefore making recommendations as a board that your shareholders, the owners of your company, are more supportive of.”Newhouse responded: “It sounds like a sensible way of looking at it.” Share Royal Mail ’embarrassed’ at lack of shareholder engagement over executive pay last_img read more

Why investors should be wary of star managers

first_img Why investors should be wary of star managers Share whatsapp For a long time, it seemed like Neil Woodford could do no wrong.That was until 2017, when the UK’s best known fund manager seemed to lose his magic touch – and since then, the returns from his three popular funds have been struggling. Katherine Denham And yet, the concept of star managers remains, so much so that they pose massive problems when they leave asset management firms. More often than not, the funds that are left behind will suffer huge outflows as investors rush to move their money (usually to follow the star fund manager).We saw this when Woodford announced that he was leaving Invesco Perpetual to set up his own company in 2014, prompting Invesco’s High Income fund to suffer outflows of £8bn in total.Richard Buxton is another example. Having announced his intention to leave Schroders in 2013 to join Old Mutual Global Investors (now called Merian), his previous fund – Schroder UK Alpha Plus – was hit with outflows of £1.8bn in just eight months.And when George Godber and Georgina Hamilton announced that they were leaving Miton for Polar Capital in 2016, £500m exited the fund over the subsequent 12 months.“A high-profile departure and subsequent outflows also make for a challenging period for the incoming manager, who has to manage constant sales, which makes reshaping the portfolio difficult,” says Hughes. More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comcenter_img And, of course, while these top investors will have experience, lesser-known managers will often have fresher ideas and might be more willing to try new things, so you don’t always get what you pay for.With that said, there will still be a place for star managers. In fact, Darius McDermott from FundCalibre argues that there will actually be more star managers in the future, largely because of the rise of passive investments, which make the market less efficient – meaning there is more scope for a good manager to outperform.“Regulations such as Mifid II have caused a lot of sell-side firms to cut back on their research – particularly in the smallest parts of the market,” he says. This is again because markets have become less efficient, making it easier to find juicy stock-picking opportunities.And yet, even if more managers are granted star status, it’s still important for investors to look at other factors, such as strategy, fees, and whether the manager invests in their own fund.The bottom line is that investors shouldn’t let themselves be blinded by the sparkly reputations of the big stars. Wednesday 12 December 2018 12:42 pm His flagship Woodford Equity Income fund has lost investors almost 10 per cent over three years, while the sector average has gained 15.5 per cent over the same period.AJ Bell’s head of fund selection, Ryan Hughes, points out that this serves as a stark reminder that even top-rated fund managers will go through periods when their investment style doesn’t suit the market conditions.But perhaps this also suggests that investors shouldn’t rely so heavily on star stock-pickers to consistently deliver reliable returns. While there’s no doubt that these professionals are good at their jobs, they can’t work miracles.Jonathan Miller at Morningstar UK reckons that the star manager concept is overplayed now. “In the past, there was probably more focus on key figureheads,” says the director of manager research. “But with a new generation of managers we’re meeting, there is definitely a sense of them working more closely with people in the team.”While Miller acknowledges that the lead manager will still “pull the trigger” on decisions, they now tend to bring co-managers into the picture a lot more. whatsapp Part of the problem is that, when a fund manager moves on and a little-known deputy takes the reins, it creates a sense of panic among investors who have built up trust with the former lead manager.But we are now increasingly seeing asset management firms focus on succession planning, and Morningstar’s Miller points out that companies are trying to make sure that investors understand the co-manager’s role in the decision-making process. “This gives people more comfort, and lets the deputy become more important in the portfolio.”For example, he points out that one of Fidelity’s high-profile managers, Ian Spreadbury, is set to retire at the end of this year. The company made sure to bring in an experienced co-manager (Sajiv Vaid) several years prior, so that investors had an opportunity to gain trust in the new lead manager when he takes over.“The concept of the star fund manager remains, but the star is not shining quite so brightly these days, with fund groups more reluctant to build an individual into a star,” says Hughes. “It is perhaps no surprise that the three big stars of UK fund management – Neil Woodford, Nick Train and Terry Smith – run their own businesses, and use their own image and success as a way of promoting their funds.”Star managers aren’t just a headache for firms – they can also be expensive for the investors in terms of management fees, significantly eroding investment returns in the long run. Tags: Asset management Company Neil Woodford Old Mutual People Schroderslast_img read more

Digital bank Monzo in discussion with Post Office to allow customers to deposit cash

first_img whatsapp Kearsley said discussions were ongoing to “change that position” but declined to go further as the negotiations were commercially active.The total number of bank branches in the UK has fallen from 11,365 in 2007 down to 7,207 in 2017, according to a Parliament review last year.Kearsley said that through the banks restructuring programme the Post Office has seen a “huge increase” in the amount of cash coming in and out of branches, taking up much of employees’ time.Read more: Monzo is ‘absolutely not’ the next Wonga, says founderWith all the cash infrastructure needed to cope with demand, it was not profitable, he said.Lloyds Bank managing director Robin Bulloch said the bank was “very happy” to be reviewing the deal with the Post Office. Callum Keown Share Digital bank Monzo in discussion with Post Office to allow customers to deposit cash A potential deal, similar to those between the Post Office and other major UK banks, would enable customers to withdraw and deposit cash in post offices.Read more: Fintech unicorn Monzo to appoint former Northern Rock boss to banking boardThe Post Office is also in discussion with UK banks to renegotiate the deal to offer banking services after revealing it makes a loss from the current arrangement.Committee chair Nicky Morgan raised concerns banks were relying on the Post Office “taking up the slack” or on customers travelling further to alternative branches.Post Office banking director Martin Kearsley told the Treasury Select Committee its current deal with banks – to allow customers to withdraw and deposit cash – was not profitable. whatsapp Digital bank Monzo has entered discussions with the Post Office to allow its customers to deposit and withdraw cash in branched across the country.Chief executive Tom Blomfield told MPs that while cash transactions were declining they were not “going away.” Tags: Trading Archive Tuesday 5 February 2019 11:39 am last_img read more

Theresa May told to resign over ‘abject surrender’ of Halloween Brexit delay

first_img whatsapp Read more: Spooky: Why sterling refuses to rise after Halloween Brexit delayThat prompted many Conservative MPs to break out laughing as Francois has repeatedly refused to compromise his opposition to May’s withdrawal agreement. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo Thursday 11 April 2019 3:43 pm Theresa May was accused of an “abject surrender” and told to resign by a furious veteran Conservative MP today after she agreed to another delay to Brexit.Read more: May vows to seek ‘orderly’ Brexit after Halloween extension More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Sir Bill Cash, one of parliament’s most long-standing anti-EU MPs, urged the PM to quit as she updated the Commons this afternoon on Wednesday evening’s summit in Brussels.EU leaders agreed to extend the Article 50 negotiation period to 31 October – although the UK could leave before that date if the withdrawal agreement passes through parliament.While May did receive some supportive messages from Tory MPs during her statement, there was anger from her colleagues opposed to yet another delay.Sir Bill said: “Does the Prime Minister appreciate the anger that her abject surrender last night has generated across the country having broken promises a hundred times not to extend the time?”He added: “Will she resign?” Theresa May told to resign over ‘abject surrender’ of Halloween Brexit delay May responded: “I think you know the answer to that.” whatsapp As Sir Bill was making his comments, a clearly furious Philip Hammond – sitting next to May on the government front bench – gestured to Sir Bill that he had helped prevent the UK from leaving the EU by repeatedly voting against the withdrawal agreement.There were further visible signs of Tory splits with another Brexit-backing Conservative, Mark Francois told the Prime Minister: “Patience is a virtue, but sheer obstinacy is not.” Tags: Brexit People Philip Hammond Theresa May Twitter Share Owen Bennett last_img read more

DEBATE: Are candidates’ drug histories relevant in the Conservative leadership contest?

first_img Opinion Tuesday 11 June 2019 5:06 am whatsapp Debating the candidates’ pasts is a distraction from their present qualities and intentions. If Michael Gove has now learnt the lesson of hypocrisy, does it matter how he did it? whatsapp LONDON, ENGLAND – JUNE 10: Environment Secretary Michael Gove gives a speech as he officially launches his Conservative leadership bid at the Sky Loft in Millbank Tower on June 10, 2019 in London, England. (Photo by Leon Neal/Getty Images) The Centre for Social Justice was founded on the premise that we are not defined by our worst mistakes, that everyone deserves another chance, and nothing should hold you back from reaching your potential. That impact is rarely felt by cocaine’s more middle-class users, but it is felt daily in the estates and backstreets of Britain. The chattering classes’ blindness to this has too often reduced the drug debate to questions of legalisation. But drug use blights our poorest communities – and so while it shouldn’t hold anybody back, it would be quite wrong to say that it is irrelevant. Are candidates’ drug histories relevant in the Conservative leadership contest? Freddie Jordan, a freelance writer, says NO. But that does not mean that it doesn’t matter. Drugs consistently wreak havoc in our poorest communities, not simply through their use and addiction, but through the violence and crime that underpins the trade. Edward DaviesEdward Davies is director of policy at the Centre for Social Justice. and Freddie Jordan center_img The fact that some leadership contenders tried recreational drugs in their youth is unsurprising and irrelevant. While the drugs consumed varied, what unifies them is that all were taken decades ago – when these characters occupied different worlds and bore different responsibilities. Edward Davies, director of policy at the Centre for Social Justice, says YES. DEBATE: Are candidates’ drug histories relevant in the Conservative leadership contest? Whether you are leaving prison or running for Prime Minister, the same principle applies. As such, Michael Gove’s admission of cocaine use shouldn’t be a barrier to his, or anybody else’s, aspirations. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance When Theresa May said that the naughtiest thing she’d done was run through a field of wheat, she was mocked for being vapid and boring. Be careful what you wish for. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Share According to YouGov, one in nine Britons admits to having tried cocaine alone. These candidates are simply unexceptional. Frankly, a Prime Minister who is inquisitive, has experimented and made mistakes early is preferable to an immutable drone so obsessed with a lifetime in governance as to grow unimaginative and unempathetic – the last person who could lift us out of the Brexit quagmire.last_img read more

No 10 plans to run down clock in Brexit face-off

first_imgMain image: Getty No 10 plans to run down clock in Brexit face-off But City AM understands that Number 10 will not present its proposals in a formal, written, manner until the eleventh hour, after having successive efforts “trashed” almost immediately.  whatsapp The European Union has repeatedly called for operable, legal text before it will consider reopening the Withdrawal Agreement and removing the Irish backstop. Without the backstop’s removal, Prime Minister Boris Johnson says there will be no deal.  Johnson had a tumultuous visit to Luxembourg yesterday, with the first half of the trip yielding a positive result.  Talks at a lower level will be conducted on a daily basis, intensifying from current levels.  Following the “constructive” meeting, Downing Street spokesperson said: “The leaders agreed that the discussions needed to intensify and that meetings would soon take place on a daily basis.” LUXEMBOURG, LUXEMBOURG – SEPTEMBER 16: British Prime Minister Boris Johnson arrives for a meeting with European Commission President Jean-Claude Juncker at a restaurant on September 16, 2019 in Luxembourg. British Prime Minister Boris Johnson is holding his first meeting with European Commission President Jean-Claude Juncker in search of a Brexit deal. (Photo by Francisco Seco – Pool/Getty Images) But Bettel grew increasingly heated as he attacked the “lies” of the Vote Leave referendum campaign and the inadequacies of the Remain campaign, while the crowd cheered loudly throughout. It is understood that Downing Street asked for the press conference to be conducted indoors, after it became clear the loud crowd could become disruptive, however this was rejected by Luxembourg’s team. “These are homemade problems and we now have all to deal with them,” he said. “I won’t accept [responsibility] for the mess we are in for the moment.” But the source suggested the conversations Johnson and his team were having with their EU counterparts was “broadly” what would appear in any written form. During the lunch Juncker had reminded Johnson it was the UK’s “responsibility” to come up with legally operable alternatives to the backstop. Catherine Neilan center_img It is now thought the earliest a proposal will be put forward is after the United Nations General Assembly (UNGA) in New York, where Johnson will meet world leaders, which will run from 24-30 September.  Johnson later met with Luxembourg Prime Minister Xavier Bettel, but this descended into a row after Bettel’s team refused to relocate the planned press conference, despite the presence of a small but vocal crowd. After a working lunch with European Commission President Jean-Claude Juncker, the pair agreed that “political level” talks between the EU’s chief negotiator Michel Barnier and Brexit secretary Stephen Barclay would resume, following two months’ absence.  Share Tuesday 17 September 2019 8:48 am Speaking next to an empty podium Bettel initially appeared willing to thank Johnson, with whom he had enjoyed a “longer than planned” meeting. He insisted: “We have just the right amount of time to do a deal… A lot of work is going on here. Speaking subsequently, in a quieter location, a rattled-looking Johnson explained that he would have been “drowned out by the noise” of the protesters. “Such proposals have not yet been made,” it added. whatsapp “This is a difficult moment. We are very keen to do it, but I don’t want people to think it’s in the bag. It’s not necessarily in the bag.” The UK will hold back from giving Brussels a written proposal for alternatives until as late as October, as the two sides try to out-manoeuvre each other in the final stages of Brexit talks. Any earlier would “not be the smart way to go about getting a deal”, said a senior government source.  Tags: Brexitlast_img read more