Monday newspaper round-up: Brexit stockpiling, betting companies, Burford Capital
By Michele Maatouk
Date: Monday 12 Aug 2019
(Sharecast News) - Britons have spent £4bn stockpiling goods in preparation for a possible no-deal Brexit, new research suggests. One in five people are already hoarding food, drinks and medicine, spending an extra £380 each, according to a survey by the finance provider Premium Credit. The survey found that about 800,000 people have spent more than £1,000 building up stockpiles before the 31 October Brexit deadline. - Guardian
Customer complaints about British betting companies have increased by almost 5,000% over the past five years, with problem gamblers alleging that bookies continue to entice them to bet even after they have pleaded to be left off mailing lists. The figures, obtained by BBC Panorama from the Gambling Commission regulator, show there were a record 8,266 complaints in 2018, compared with just 169 in 2013. - Guardian
MPs attempting to block a no-deal Brexit may have run out of time and options to prevent Britain leaving the European Union on October 31, a respected think tank has said. The Institute for Government has claimed that \"time is running out\" for the Remainers who are attempting to delay Brexit, and that \"simply voting against\" no-deal cannot stop Boris Johnson. - Telegraph
A second American short-seller has taken aim at Burford Capital, claiming it is \"inappropriately financed\" and that public scrutiny was \"long overdue\". Gotham City Research waded into the controversy surrounding the litigation financing company yesterday, issuing a statement saying Burford has enjoyed an \"absurdly high valuation\" and defending the contentious methods of Muddy Waters and other activist short-sellers, saying they \"should be applauded for their work\". - The Times
Turning Sports Direct from a budget tracksuit retailer into the \"Selfridges of sport\" will take at least four years, Mike Ashley\'s future son-in-law has said. Michael Murray, 29, who is in charge of the retailer\'s \"elevation\" strategy, said that working with Mr Ashley required him to be a \"translator\" as the bullish tycoon \"likes to make punchy statements and then it\'s up to me to figure out what that actually means\". - The Times
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN