Man charged after car driven 'wrong way' up Nottingham road
Mr Khalid was granted bail and is due to appear before Nottingham Magistrates' Court on 19 August.
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The Independent
24 minutes ago
- The Independent
FCA bans star investor Neil Woodford and issues fine of nearly £46m
The Financial Conduct Authority has provisionally banned a former star City fund manager and fined him and his former company almost £46 million. The financial watchdog said Neil Woodford put investors' money at risk. It said it will ban Mr Woodford from holding senior manager roles and from managing funds for retail investors. Mr Woodford will be fined £5.89 million and Woodford Investment Management (WIM) will be fined £40 million. Mr Woodford and WIM have referred the case to the Upper Tribunal for appeal. The former manager's flagship fund, Woodford Equity Income Fund (WEIF), was wound down in 2019 after investors tried to withdraw cash faster than the fund could pay out, amid concerns over its high exposure to illiquid and unquoted shares. The value of the WEIF had fallen from a high of more than £10.1 billion in May 2017 to £3.6 billion before its suspension. About 300,000 investors still had cash trapped in the fund when it was suspended. On Tuesday, the FCA said it had concluded that Mr Woodford and the fund 'made unreasonable and inappropriate investment decisions' between July 2018 and June 2019. The fund's sale of liquid assets and acquisition of illiquid ones meant WEIF was unable to meet rules in place at the time, whereby investors should have been able to access their funds within four days. 'WIM and Mr Woodford did not react appropriately as the fund's value declined, its liquidity worsened and more investors withdrew their money,' the FCA said. 'The FCA has concluded that Mr Woodford held a defective and unreasonably narrow understanding of his responsibilities.' The regulator said it found that Mr Woodford and his company's failings 'led to a significantly increased risk of the fund being suspended'. Steve Smart, joint executive director of enforcement and market oversight at the FCA, said: 'Being a leader in financial services comes with responsibilities as well as profile. Mr Woodford simply doesn't accept he had any role in managing the liquidity of the fund. 'The very minimum investors should expect is those managing their money make sensible decisions and take their senior role seriously. 'Neither Neil Woodford nor Woodford Investment Management did so, putting at risk the money people had entrusted them with.'
BBC News
25 minutes ago
- BBC News
Leeds mother accused of murdering daughter, 3, appears in court
A woman accused of murdering her three-year-old daughter who was found dead at a house in Leeds has appeared at the city's crown court for the first McGrath, 47, appeared by video link on Tuesday and spoke only to confirm her date of birth. She is charged with murdering Hope McGrath, who was found inside a bungalow on Austhorpe Court in the Colton area of the city on McGrath, of Austhorpe Court, will next appear at Leeds Crown Court on 4 September. The court also heard a post-mortem examination of Hope will take place on 6 August. Judge Guy Kearl KC, the Recorder of Leeds, said forensic psychology reports would also be prepared to assess if Ms McGrath was fit to plead. She was remanded in custody until her next appearance. West Yorkshire Police said officers found Hope's body after they were called to the cul-de-sac following a report of a concern for safety. Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Daily Mail
25 minutes ago
- Daily Mail
Brandon Williams is being chased by MULTIPLE clubs in Britain and abroad after impressing on trial with Championship side - as former Man United star looks to rebuild his career
Brandon Williams – the former Manchester United starlet – is being chased by clubs in the Championship and overseas, Mail Sport understands. A talented left back, Williams burst onto the scene at Old Trafford, making his debut at just 19. However, he has now been without a club for a year since the expiration of his contract at Old Trafford. Williams has impressed during a trial period at Hull City, with reports locally suggesting that the Tigers are set to offer him a contract. But his attitude and form during a short spell at the MKM Stadium has alerted others, with Championship rivals and clubs abroad expressing an interest in taking a player who is still only 24. Williams has come off the bench twice for Hull, impressing in matches against both Spaniard Getafe and Sunderland. It would mark a return to football for Williams after he was handed a suspended jail sentence for a 99mph car crash He made 21 Premier League appearances for United, and had loan spells at Ipswich Town and Norwich City, gaining a reputation as a fearless and athletic defender. Earlier this year Williams confirmed he wanted to resume his career at a new club after being handed a suspended jail sentence for a 99mph car crash. He had admitted charges of dangerous driving and driving without insurance.
