Daill Mail - 08.08.2019

(Nancy Kaufman) #1
Page ^ Daily Mail, Thursday, August 8, 2019

INSIDE: Puzzle & Prizes 41-44, TV & Radio 56-59,


Cainer 60, Letters 6 & 63, City & Finance 70-


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Clarifications & corrections
a FeaTURe in Monday’s
paper about the arrest of anne
Frank by the Gestapo included
a photo of a man who was
wrongly identified as Julius
Dettmann, an SS officer
involved in the search. In fact,
the photo showed German

n fighter ace Hans-Joachim Mar-
seille, who had no connection
with the events described. We
apologise for the error.

n To report an inaccuracy,
please email corrections@
dailymail.co.uk. To make a
formal complaint go to http://www.
dailymail.co.uk/readerseditor.
You can also write to Readers’
Editor, Daily Mail, 2 Derry Street,
London W8 5TT or contact IPSO
directly at ipso.co.uk

reveal that chief executive
Chris Hill, finance chief Philip
Johnson, research director
Mark Dampier and invest-
ment boss Lee Gardhouse are
taking no bonus this year.
Mr Hill was in line for up to
£2.1million and Mr Johnson as
much as £1.5million, with Mr
Dampier’s and Mr Gard-
house’s pay not disclosed.
The under-fire executives
had previously only commit-
ted to delaying any bonus
payments until after savers
could get their money back
from Mr Woodford’s fund.
But a source said Mr Hill, 48,
has since decided he will
instead forgo his bonus
entirely, prompting his col-
leagues to follow suit.
The chief executive has
already issued a grovelling
apology to Hargreaves
Lansdown clients, saying the

believes this is the right thing
to do.’ Mr Woodford blocked
withdrawals from the fund on
June 3. He made the drastic
move after pumping billions of
pounds into risky investments
that were hard to sell in a
hurry. He said he needed more
time to drum up cash that
could be used for refunds.
However, the scandal has
prompted criticism of Har-
greaves Lansdown, which
stood by Mr Woodford right
up until the suspension.
The investment platform
kept Mr Woodford’s equity
Income Fund on a ‘Wealth 50’
list of recommended invest-
ments – a crucial guide used
by Hargreaves Lansdown’s
1.1million customers – up until
the point where withdrawals
were blocked.
Mr Dampier, 62, and Mr

Gardhouse, 45, have come
under particular scrutiny for
their roles in the fiasco.
The Mail previously revealed
that Mr Dampier has known
Mr Woodford for 25 years and
promoted his interests by post-
ing interviews with him online.
Just weeks before the equity
Income Fund was closed, Mr
Dampier told Hargreaves cus-
tomers: ‘This isn’t the first
time... neil Woodford’s under-
performed. We think he’s still
got the skill to deliver excel-
lent long-term performance.’
Mr Gardhouse is responsible
for the part of Hargreaves
Lansdown that has helped to
channel its clients’ money into
Mr Woodford’s investments
through so-called multi-
manager funds.
Comment – Page 16
City – Page 70

firm shared their ‘disappoint-
ment and frustration’. Yester-
day a source said the decision
to give up the bonuses was an
attempt to acknowledge the
impact of Mr Woodford’s fund
closure on 300,000 Hargreaves
Lansdown customers.
The source added: ‘Chris

Investment f irm


chiefs give up


bonuses over


Woodford fund


BOSSeS at investment com-
pany Hargreaves Lansdown
are to give up their multi-
million-pound bonuses over
the neil Woodford fiasco.
The firm was the fund manag-
er’s biggest champion before he
barred savers from pulling their
cash out of his flagship equity
Income Fund two months ago.
The move triggered a flood of phone
calls from angry customers to Har-
greaves Lansdown’s Bristol head-
quarters. There were also demands
for its bosses to give up their lucra-
tive bonuses – and today they are
expected to bow to pressure.
as the investment company pub-
lishes its yearly financial results, it
is understood the firm will also

By Matt Oliver
City Correspondent

Championed: Neil Woodford

rhetoric brings people
together. Any group of hate,
I am concerned about, and
I’ll do something about it.’
He spoke yesterday as he
left the White House on his
way to Dayton, Ohio, and the
border city of El Paso.
In Dayton, where nine peo-
ple were killed in 30 seconds,
just 13 hours after the first
attack, protesters on the
streets held signs which
read: ‘Trump’s presence only
worsens our trauma.’

every couple of days – com-
pared with one around every
six months in the Milky Way.
The study, published in the
journal nature, also says that
the galaxies are closely con-
nected with supermassive
black holes and the distribu-
tion of dark matter.
Dark matter is invisible as it
emits no light. It is thought to
make up around 85 per cent of
the matter in the universe and
is understood to be what
binds galaxies together.
But the discovery of new,
extremely dense ‘supermas-
sive’ galaxies could alter sci-
entists’ current understand-
ing of dark matter, as they do
not allow for it to operate as
astronomers would expect.
kotaro kohno, from the Uni-
versity of Tokyo, said: ‘Mas-
sive galaxies are intimately
connected with the distribu-
tion of dark matter. Theoreti-
cal researchers will need to
update their theories.’

DONALD Trump claimed his
rhetoric ‘brings people
together’ as he made visits
to the sites of two shootings
which killed 31 people.
The President has been
criticised after a Right-wing
fanatic killed  people in
El Paso, Texas, last weekend –
claiming he was responding
to a ‘Hispanic invasion’.
Many believe the language
used by Patrick Crusius, 1,
echoed Mr Trump, who has
used the term ‘invasion’ to
describe Central American
migrants. Mr Trump said: ‘My

Trump: My rhetoric


brings people together


By Emily Kent Smith DOZenS of ‘supermassive’
galaxies have been found
on the edge of the universe.
astronomers have discov-
ered 39 of the ancient galaxies,
which have up to ten times the
mass of our own Milky Way.
It is the first multiple dis-
covery of its kind – and throws
current assumptions about
the universe into doubt,
researchers say.
Scientists at the University
of Tokyo say the galaxies were
formed in the two billion years
following the Big Bang, which
occurred 13.8billion years ago.
each one creates a new star

39 ‘supermassive’


new galaxies found


By Amelia Clarke

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