Russian guests rack up a five-figure bill on their Christmas day January 10, 2016 FOR THOSE not in the know, Russia celebrated its own Christmas day last week, with a few of the capital’s wealthiest visitors racking up a very impressive bill at City eatery M’s Westminster outpost. A party of six headed straight for M’s members bar, starting as they meant to go on with six bottles of [...]
So much for the Santa rally: FTSE 100 falls off record high December 22, 2017 The FTSE 100 has finished the day lower, having nudged a record high this morning. The bluechip index closed 0.15 per cent lower, at 7,592.66 points. Earlier in the day, it had risen to a record 7,611.75 points, up from yesterday’s closing high of 7,609.69. Before that, the last time it set a record was [...]
Unibail-Rodamco to buy Westfield in $24.7bn shopping centre mega-merger | City A.M. December 12, 2017 Shopping centre giant Westfield is to be sold to a European rival, just days after two other major industry players struck a takeover deal. Unibail-Rodamco, a French property investor which owns Paris’s iconic underground shopping mall Carrousel du Louvre, has entered into an agreement to buy Westfield for $24.7bn (£18.5bn). It comes after Hammerson offered [...]
Great Western Railway customers face fresh disruption as cleaners stage two one-day walkouts on run-up to Christmas December 12, 2016 Rail commuters are facing another layer of disruption after unions announced cleaners will go on strike on the run up to Christmas. The Rail, Maritime and Transport union (RMT) today announced after a "massive yes vote" cleaners would walk out on 16 and 23 December – 109 members voted in favour of the action. Employees of [...]
Marks and Spencer turnaround: Retail veteran Steve Rowe must make M&S tills jingle all the way during Christmas period November 9, 2017 Marks and Spencer started this week on a cheery note with the launch of its Christmas advert – but the festive feel didn’t last long for the high-street stalwart. The new advert sent Twitter into a tizzy on Tuesday with some viewers convinced that one of the characters was mouthing a swear word in a [...]
Boris Johnson, Chris Grayling, Patrick McLouglin, Justine Greening and Andrea Leadsom face sack as Theresa May mulls New Year Cabinet reshuffle | City A.M. January 1, 2018 A New Year reshuffle of Theresa May’s top team is looking increasingly likely as the embattled Prime Minister continues to face down pressure over her leadership. Boris Johnson could lose his role as foreign secretary to take on a tougher gig involved with Brexit delivery, although allies have told the Sunday Times the Leave-backing minister [...]
Boxing Day footfall slump points to domination of the online retailers December 26, 2016 Boxing Day high street retail sales have fallen sharply year on year as UK shoppers stay at home and push online sales to record heights, according to early data. Half day footfall fell by six per cent compared to Boxing Day last year, according to data from retail monitors Springboard. A decline of 16.6 per [...]
British Airways assures customers it will operate all long-haul flights during the 72-hour walkout from Thursday January 16, 2017 British Airways has assured passengers it will operate all of its long-haul services to and from Heathrow during a three-day cabin crew strike that will start this Thursday. It will cancel one per cent of short haul flights, merging these services, but has said customers affected "will be able to fly slightly earlier or slightly [...]
Carillion rival Laing O’Rourke is late filing its figures, is it another major contractor we should be concerned about? | City A.M. January 19, 2018 Pinning down the finances of private companies can be a tricky task for City stakeholders. Public companies, however, are mandated to keep investors and other interested parties entertained with a steady stream of financial updates. When it comes to filing financial statements – the audited figures upon which financiers hang their hats – listed firms [...]
British Airways cabin crew start 48-hour strike at Heathrow January 10, 2017 A two-day strike by some of British Airways' cabin staff may cause disruption at Heathrow today and tomorrow, though the airline has put contingency plans in place. The strike, by 2,900 members of the Unite trade union, is over a pay dispute for members of the mixed fleet. They are workers recruited since 2011 and [...]