Iain Duncan Smith just defended Boris Johnson’s attack on ‘part-kenyan’ Barack Obama April 25, 2016 Iain Duncan Smith has defended Boris Johnson’s use of the term “part-Kenyan” to describe Barack Obama and said the government told the President to issue his warning that Britain would not be able to strike a UK-US trade deal if it votes for Brexit. The former work and pensions secretary, who resigned in protest at [...]
Jim Ratcliffe’s petrochemical company Ineos reports record profits of £3.7bn for last year February 19, 2017 Britain's biggest privately owned firm announced record profits last year, bolstered by low oil prices. The chemicals company run by Jim Ratcliffe reported underlying profits of €4.3bn (£3.7bn) for 2016, up from €4bn the year before. Pre-tax profits rose to about €3bn. The company, which is comprised of 27 businesses, is also repaying €1.2bn from its cash resources. Read more: Ineos [...]
Power 100: Close Brothers’ Nancy Curtin explains why she supports Donald Trump July 29, 2016 Nancy Curtin is the chief investment officer and head of investment at Close Brothers Asset Management, making her one of the highest-ranking women in London’s asset management sector. Earlier this year she was included in City A.M.’s Power 100 list. Here, she talks about what inspired her – and explains why she backs Donald Trump. [...]
Thousands of protesters descend on London in major refugee rally organised by Stand Up to Racism for UN anti-racism day March 19, 2016 Thousands of protesters will descend on central London today for a refugee-focused march coordinated by campaign group Stand Up to Racism. The demonstration will assemble at midday at Portland Place and will then follow a route through Langham Place, Regent Street, Piccadilly Circus, Haymarket, Pall Mall and Pall Mall East before congregating in Trafalgar Square from [...]
At the close: Markets take a clobbering as sterling slides and uncertainty reigns June 27, 2016 Traders and investors were left bloodied by a volatile session on the markets today. The FTSE has closed down 2.55 per cent at 5,982.20, with a fifth of FTSE 100 companies racking up double digit price falls. The internationally focused blue-chip index outperformed mid-caps however as the FTSE 250 – mostly made up of companies that trade in the [...]
Labour leadership race: Jeremy Corbyn wins Unite backing, Andy Burnham second favourite of Britain’s biggest union July 5, 2015 Jeremy Corbyn has won the backing of Britain's biggest union in the contest to become the next leader of the Labour party. Unite's executive committee has voted to support the left-wing candidate who is seeking to replace Ed Miliband. The union, which lent support to Miliband in the last leadership race, also voted for Andy [...]
EU referendum: Another union joins the Remain camp April 25, 2016 The CWU union has today become the latest union to back the UK's continued membership of the EU in a blow to the Leave camp. The union "overwhelmingly" voted to support remaining in the EU at its annual conference. The news comes after Unison officially backed Remain ahead of the referendum earlier this month, following [...]
London housing: Mayor of London Sadiq Khan plans to fast-track scores of sites owned by Transport for London to build homes May 16, 2016 After pledging to build new homes on land owned by City Hall if elected Mayor of London, Sadiq Khan has said he intends to fast-track scores of sites for development. During a visit to Landmark Court in Southwark, which is owned by Transport for London, Khan announced that the wants to unlock the site, which [...]
London mayoral election 2016: Exclusive new poll shows Goldsmith leads Khan by 39 per cent among London businesses January 12, 2016 Conservative mayoral candidate Zac Goldsmith is overwhelmingly seen by London firms as being more pro-business than his Labour rival Sadiq Khan, according to a new poll seen exclusively by City A.M. Two-thirds of London businesses think Goldsmith is pro-business, while just 29 per cent say the same of Khan, according to the poll, conducted by ComRes for [...]
Taxman pockets roughly £87m from people who missed the tax return deadline April 25, 2016 Despite being warned about a £100 late filing penalty, it appears that some people still forgot to circle 31 January in their diary with red pen. According to statistics released today from the Institute of Chartered Accountants in England and Wales (ICAEW), 870,000 people missed the 31 January 2016 deadline for filing their tax return online. [...]