FINANCIAL TIMES STEPHEN LANSDOWN SELLS CHUNK OF STAKE Stephen Lansdown has sold £190m worth of stock in the online funds supermarket he co-founded, heaping further pressure on Hargreaves Lansdown's share price at a time when investors are already betting heavily against its future valuation.
SMARTPHONE SURVEY PUTS HUAWEI TOP IN CHINA Huawei has for the first time beaten Apple to the top spot for what smartphone buyers are intending to part with cash for in the Chinese market, according to a survey of 1,000 consumers. The finding forms part of research conducted after the launch of the iPhone 8 by FT Confidential Research, an investment research group owned by the FT. The result adds to doubts about global demand for the iPhone 8.
THE TIMES MINISTERS TELL MAY TO SACK DISLOYAL JOHNSON Theresa May was coming under mounting pressure last night to dismiss Boris Johnson after he put her credibility on the line with his latest public demands on Brexit. The foreign secretary's announcement of his "red lines" for any deal that Britain strikes with the EU forced the Prime Minister on to the back foot as the Conservative Party conference got under way. She had wanted to use the gathering to start a political fightback with a freeze on university tuition fees and the expansion of subsidies for first-time homebuyers in a package that will cost at least £11bn. Instead, questions over her leadership dominated.
THE DAILY TELEGRAPH PRESSURE MOUNTS ON DEUTSCHE BANK CHIEF Deutsche Bank investors are losing patience over the time it is taking boss John Cryan to turnaround the lender, with one top shareholder warning he will feel the heat if things don't move forward in the next six months. Exasperation is growing after the lender was downgraded by ratings agency Fitch last Thursday.
PROFITS SOAR AT BRITISH ARM OF ACTIVIST ELLIOTT The British section of the US hedge fund Elliott saw profits surge last year after a string of high-profile campaigns that cemented its status as one of the most influential activist investors in the UK.
THE WALL STREET JOURNAL TRUMP SAYS N.KOREA TALKS ARE A WASTE OF TIME President Donald Trump said he didn't think it was worth pursuing negotiations with North Korean leader Kim Jong Un, a day after his secretary of state revealed the US was in direct contact with Pyongyang.
WHITE HOUSE DEFENDS TAX REFORMS Trump administration officials pushed back yesterday against criticism that the emerging GOP tax plan would provide its biggest benefits to the wealthy. Treasury Secretary Steven Mnuchin said on Sunday news programs that key details of the plan remained undecided.
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