Off road: Is the car industry in reverse? January 14, 2019 The automotive industry faces recession and decline. Driverless cars are on the horizon, but has the moment for motors already passed? The first Model T Ford rolled off the production line in 1908. Available in “any colour… so long as it is black”, in the words of magnate Henry Ford, the car marked a breakthrough [...]
We’ve all learnt from the collapse of Lehman Brothers, but complacency isn’t an option September 14, 2018 As wenear the 10 year anniversary of the Lehman administration this weekend, there has been a vast amount of commentary looking back. At this huge milestone, it’s certainly worth taking a moment to remind ourselves of how far we’ve come. If I take myself back to that Sunday, when the prospect of Lehman Brothers going [...]
We’ve all learnt from the collapse of Lehman Brothers, but complacency isn’t an option September 14, 2018 As wenear the 10 year anniversary of the Lehman administration this weekend, there has been a vast amount of commentary looking back. At this huge milestone, it’s certainly worth taking a moment to remind ourselves of how far we’ve come. If I take myself back to that Sunday, when the prospect of Lehman Brothers going [...]
Mayday: PM delays crucial parliament vote on her Brexit deal December 10, 2018 Theresa May has confirmed a highly-anticipated vote on her Brexit deal will be delayed, following threats of a huge rebellion from within the Conservative Party. The Prime Minister confirmed the delay in the House of Commons this afternoon, saying she believed she could still win a vote after winning further reassurance on the Irish backstop. [...]
Fraudster-linked action group that took on RBS accused of overcharging investors October 7, 2018 Investors who signed up to an action group in a bid to sue RBS over its 2008 rights issue have been told they were collectively charged £8m through subscription payments, many of which should not have been made. The RBoS Shareholders Action Group company (AGC) brought together RBS shareholders who claimed the bank hid the true state of [...]
Government takes over control of Birmingham prison from G4S August 20, 2018 Security firm G4S has been stripped of its contract to run a major prison after an inspection found conditions at the facility had slipped into a "state of crisis". The Ministry of Justice said it will take on the running of HMP Birmingham for a six-month period after an inspection found "squalid" conditions at the prison, as blood, urine [...]
The guardians of the art industry: How a former trader is giving old buildings a new lease of life September 28, 2018 Scott Franklin is like the popular kid at school. When the former City trader shows me around the renovated Victorian warehouse in Clerkenwell, everyone we pass seems pleased to see him – which strikes me as unusual for someone whose role resembles that of a landlord. Franklin, who is the founder of Property Guardian [...]
Persimmon produce stable 1H numbers August 23, 2018 Persimmon shares are higher this week after the company registered a strong set of first-half results on Tuesday. Revenue jumped by 5% and pre-tax profit rose by 13%. The average selling price of a new home rose by 1%, which is a slight decrease on the 1.2% growth achieved in the first-quarter. The underlying new housing [...]
The Bank of England’s transatlantic flight bill is a mere drop in the ocean June 27, 2018 Eyebrows were raised more than a couple of times during yesterday’s lively grilling of Bank of England officials in Westminster. At one stage Conservative MP Charlie Elphicke quoted an old article from this publication and, contrasting its expectations with the Monetary Policy Committee’s own guidance on interest rates, observed: “It seems that City A.M. is [...]
The best story wins, and right now that’s one of apocalypse October 22, 2018 The stories of nations are written at times like these. For it goes without saying that there is much jeopardy in today’s script. There is a daily dose of disaster, whose effect is a form of neurosis in our relationship with news. Forget what’s beneficial or useful information for the living of life – this [...]