Uber suspends driverless cars after fatal accident in Arizona March 19, 2018 Uber has suspended its self-driving cars after one caused the death of a woman in Arizona. Bloomberg reported that the company had suspended all driverless vehicles in Pittsburgh, San Francisco, Toronto and the greater Phoenix following the incident and pending an investigation. The fatal accident is understood to be the first of its kind and [...]
Consumer confidence rises to 14-month high to add to puzzle for Bank of England April 30, 2018 Consumer confidence reached its highest since January 2017 for April according to data to be published today, with economists pointing to rising real wages behind the improvement. The headline confidence index from Yougov and the Centre for Economics and Business Research (CEBR) increased by 2.2 points to hit 109.8, above the 100 mark which indicates [...]
London offices: City developments take a pause after bumper 2017 November 28, 2017 City office development fell sharply over the last six months, with the Square Mile pausing after 2017 saw the highest number of completions since the turn of the century. Development activity dropped by 11 per cent, with 7.3m square feet of office space currently under construction. Only eight new schemes, representing 804,000 square feet, started [...]
Manchester United replace Real Madrid as richest club in the world in Deloitte Football Money League January 19, 2017 Manchester United have been named the world’s richest club after they ended Real Madrid’s 11-year stranglehold on top spot in Deloitte’s Football Money League. United’s 2015-16 revenues of €689.0m (£515.3) – an all-time record for a football team – lifted them ahead of both Real and Barcelona for the first time since 2003-04. Neighbours Manchester [...]
Premier League overseas TV rights: English top flight makes concessions to Big Six but still treads carefully June 7, 2018 You would be forgiven for missing it but, muffled somewhat by the noise surrounding Amazon’s purchase of a Premier League broadcast package and the news of chief executive Richard Scudamore’s imminent departure, today saw another significant announcement regarding English football’s top division. From the 2019-20 season, when the next set of broadcast contracts takes effect, [...]
City grandee John Connolly reveals Cogital’s rapid expansion, a £1bn target and plans for an IPO October 3, 2017 A rapidly expanding challenger to Britain’s biggest accounting firms will soon be beyond the reach of its Big Four rivals, its founder, the former head of Deloitte, said this morning. John Connolly, also the chair of G4S and Amec Foster Wheeler, told City A.M. Cogital is targeting more than £1bn of revenues and a potential [...]
Manchester United retain top spot on most valuable football brands list despite Manchester City and Liverpool growth May 10, 2018 Manchester United remain the most valuable brand in world football, despite failing to win the Premier League for a fifth season in a row. United’s unrivalled commercial clout, a return to the Champions League and an improved season under Jose Mourinho in the league all combined to keep them top of the Brand Finance Football [...]
Property gloom is not really justified February 28, 2018 The amount of construction going on in the City of London makes the British capital look like a boomtown. Yet, following the UK’s vote to leave the European Union, the market has been distinctly downbeat on the value of London office space and the share prices of London-listed real estate investment trusts (REITs) has collapsed. [...]
TfL pays men a fifth more than women March 19, 2018 Male employees at Transport for London (TfL) are paid a fifth more than their female colleagues, according to gender pay gap data released by the the Greater London Authority (GLA) today. Sadiq Khan said there was still a “significant” pay gap between men and women employed at City Hall, Transport for London (TfL) and the [...]
Goldman Sachs International reveals large gender pay gap as spotlight focuses on City pay disparity March 16, 2018 Goldman Sachs International has revealed it pays female employees in the UK an average of 36.4 per cent less than male colleagues as the spotlight focuses on financial services pay disparity in the City. As well as a median pay gap of 36.4 per cent, which reflects the difference between the midpoints in the ranges [...]