BUSINESS WITH PERSONALITY THE COR-VETERAN 100 DAYS OF ATTITUDE GRAB A CLASSIC HOW MIGHT BORIS BEGIN CHEVY BEFORE HIS TIME AT THE TOP?P11 THEY PERISH P19 FREE YOUR TUESDAY 23 JULY 2019 ISSUE 3,419 CITYAM.COM GROUNDS FOR CONCERNDeal HUNT: EUROPE for Inmarsat faces security probe REGULAR WILL BATTLE PAPER → IRAN ‘PIRACY’ OWEN BENNETT had no right to obstruct the ship’s pas- we remain committed to preserving sage, let alone board her. the Iran nuclear agreement,” Hunt @owenjbennett “It was therefore an act of state said yesterday. JEREMY Hunt accused Iran of “state piracy which the House will have no The foreign secretary’s statement piracy” yesterday as he announced the hesitation in condemning.” came against a backdrop of increasing UK was shunning the US in favour of a He added: “Even more worryingly, questions over how relations with Iran European response to the ongoing this incident was a flagrant breach of had deteriorated so drastically. tensions in the Gulf. the principle of free navigation on Tory MP Huw Merriman claimed the The foreign secretary launched the which the global trading system and government had “dropped the ball” verbal attack on Tehran after Iranian world economy ultimately depends.” over the crisis. INSIDE “We knew from 4 July, having seized soldiers seized a British-flagged Setting out the UK’s response to the tanker in the region on Friday. dramatic escalation of tension an Iranian tanker that we suspected Hunt urged Iran to release in the region, Hunt con- was breaching EU sanctions and head- the vessel and its 23-man firmed all British ships ing with oil to Syria, that there would crew as he branded the should now avoid Iranian be some form of reprisal and that’s exactly what we’ve got,” he told the actions of the oil-rich HARRY ROBERTSON years after it floated. theocracy as illegal. Hunt was making what BBC yesterday. could be his final address Former Tory leader Iain Duncan Culture secretary Jeremy Wright In what could be his @henrygrobertson yesterday instructed the Competition final appearance in the as foreign secretary Smith argued Prime Minister Theresa May had made a “major misc alcula- REGULATORS will investigate the sale and Markets Authority (CMA) to Commons as foreign investigate the national security secretary, he announced waters and the entire tion” by turning down an offer of US of London-listed satellite company Strait of Hormuz, one of protection for British ships. Inmarsat to a private-equity and implications of the deal. the UK would join a As is common with large deals, the European-led mission to the world’s most imp ort ant May’s official spokesperson hit back pension fund consortium on national ent CMA had already launched a merger provide security for other oil choke points. at the suggestion, saying: “There has security grounds, the governm He added the UK had held “construc- never been a US offer that involved said yesterday. inquiry to ensure it complied with vessels in the region. competition laws. The UK was avoiding working with tive discussions” with a number of escorting UK ships.” Inmarsat, Britain’s biggest satellite European countries about setting up a Iran’s foreign minister Mohammad firm, agreed in March to be bought by If completed, the takeover of the America because of US President British satellite operator would be the Donald Trump’s opposition to the Iran “maritime protection mission” to en- Zarif said yesterday that Tehran had an international group including sure the safety of vessels in the region. taken measures against the British buyout firms Apax and Warburg second largest public-to-private deal nuclear deal, he said. ever in the UK. Hunt told MPs: “Let us be absolutely “It will not be part of the US maxi- ship to implement international law, Pincus in a $3.4bn (£2.7bn) deal, 15 clear: under international law Iran mum pressure policy on Iran because and not in retaliation. Y BUSINESS WITH PERSONALITY +ȉ1Ɯ+! 6,2/ /!Ȅ Freeze it. Relax. Control the use of your Visa debit card with the Halifax mobile app. Halifax makes it happen. and regulated by the Financial Conduct Please be aware you can only freeze certain card transactions. Mobile banking app only. Minimum operating systems apply, check your app store for details. Our app does not work on jailbroken or rooted devices. Terms and Conditions apply. This information is correct as of July 2019 and is relevant to Halifax products and services only. Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority Authority and the Prudential Regulation Authority under registration number 169628. Found it? Unfreeze it. Crack on. Control the use of your Visa debit card with the Halifax mobile app. Halifax makes it happen. Please be aware you can only freeze certain card transactions. Mobile banking app only. Minimum operating systems apply, check your app store for details. Our app does not work on jailbroken or rooted devices. Terms and Conditions apply. This information is correct as of July 2019 and is relevant to Halifax products and services only. Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628. BUSINESS WITH PERSONALITY THE COR-VETERAN 100 DAYS OF ATTITUDE GRAB A CLASSIC HOW MIGHT BORIS BEGIN CHEVY BEFORE HIS TIME AT THE TOP? P11 THEY PERISH P19 TUESDAY 23 JULY 2019 ISSUE 3,419 CITYAM.COM FREE GROUNDS FOR CONCERN Deal HUNT: EUROPE for Inmarsat faces security probe WILL BATTLE IRAN ‘PIRACY’ OWEN BENNETT had no right to obstruct the ship’s pas- we remain committed to preserving sage, let alone board her. the Iran nuclear agreement,” Hunt @owenjbennett “It was therefore an act of state said yesterday. JEREMY Hunt accused Iran of “state piracy which the House will have no The foreign secretary’s statement piracy” yesterday as he announced the hesitation in condemning.” came against a backdrop of increasing UK was shunning the US in favour of a He added: “Even more worryingly, questions over how relations with Iran European response to the ongoing this incident was a flagrant breach of had deteriorated so drastically. tensions in the Gulf. the principle of free navigation on Tory MP Huw Merriman claimed the The foreign secretary launched the which the global trading system and government had “dropped the ball” verbal attack on Tehran after Iranian world economy ultimately depends.” over the crisis. soldiers seized a British-flagged Setting out the UK’s response to the “We knew from 4 July, having seized tanker in the region on Friday. dramatic escalation of tension an Iranian tanker that we suspected Hunt urged Iran to release in the region, Hunt con- was breaching EU sanctions and head- the vessel and its 23-man firmed all British ships ing with oil to Syria, that there would crew as he branded the should now avoid Iranian be some form of reprisal and that’s actions of the oil-rich exactly what we’ve got,” he told the theocracy as illegal. Hunt was making what BBC yesterday. HARRY ROBERTSON years after it floated. In what could be his could be his final address Former Tory leader Iain Duncan Culture secretary Jeremy Wright final appearance in the as foreign secretary Smith argued Prime Minister Theresa @henrygrobertson yesterday instructed the Competition Commons as foreign May had made a “major miscalcula- REGULATORS will investigate the sale and Markets Authority (CMA) to secretary, he announced waters and the entire tion” by turning down an offer of US of London-listed satellite company investigate the national security the UK would join a Strait of Hormuz, one of protection for British ships. Inmarsat to a private-equity and implications of the deal. European-led mission to the world’s most import ant May’s official spokesperson hit back pension fund consortium on national As is common with large deals, the provide security for other oil choke points. at the suggestion, saying: “There has security grounds, the government CMA had already launched a merger vessels in the region. He added the UK had held “construc- never been a US offer that involved said yesterday. inquiry to ensure it complied with The UK was avoiding working with tive discussions” with a number of escorting UK ships.” Inmarsat, Britain’s biggest satellite competition laws. America because of US President European countries about setting up a Iran’s foreign minister Mohammad firm, agreed in March to be bought by If completed, the takeover of the Donald Trump’s opposition to the Iran “maritime protection mission” to en- Zarif said yesterday that Tehran had an international group including British satellite operator would be the nuclear deal, he said. sure the safety of vessels in the region. taken measures against the British buyout firms Apax and Warburg second largest public-to-private deal Hunt told MPs: “Let us be absolutely “It will not be part of the US maxi- ship to implement international law, Pincus in a $3.4bn (£2.7bn) deal, 15 ever in the UK. clear: under international law Iran mum pressure policy on Iran because and not in retaliation. FTSE 100 ▲ 7,514.93 +6.23 FTSE 250 ▲ 19,648.01 +26.35 DOW ▲ 27,171.90 +17.70 NASDAQ ▲ 8,204.14 +57.56 £/$ ▼ 1.247 -0.003 £/€ 1.113 unc.