Theresa May calls for a “new partnership” with employers on mental health January 9, 2017 Prime Minister Theresa May has called for a "new partnership" between government and industry on mental health as part of a speech laying out her broad agenda for the UK. Speaking at the Charity Commission today, May brought together housing, mental health, industrial strategy and Brexit as part of her programme to create a "shared society". [...]
Tata Steel has agreed to sell its Specialty Steels business for £100m February 9, 2017 Tata Steel UK has agreed to sell its Specialty Steels business to industrials group Liberty House for £100m. The sale includes several South Yorkshire-based sites, including steelworks at Rotherham, Stocksbridge and Brinsworth, as well as operations in Suzhou and Xi'an in China. The deal will secure the jobs of about 1,700 people directly employed by Specialty Steels working in the aerospace, automotive [...]
City Moves for 1 February 2017 – who’s switching jobs? February 1, 2017 Today's City Moves cover insurance, real estate law and a national tax and auditing outfit. Take a look at these movers and shakers: PWC Paul Delbridge has taken on the role of London market insurance leader at PWC. Paul is a partner with 30 years’ experience at the firm, including three years in New York, [...]
HOLD: Hands off interest rates, City A.M.’s Shadow MPC tells Bank of England’s Monetary Policy Committee March 15, 2017 Economists expect the Bank of England to leave monetary policy unchanged at tomorrow’s meeting of senior policymakers, but pressure is slowly growing to begin pushing monetary policy back to more normal levels. City A.M.’s Shadow Monetary Policy Committee (MPC) voted in favour of keeping policy unchanged, but added another dissenter since February's meeting pushing for [...]
Enter The Dragon: Why China is snapping up British assets January 30, 2017 What do Heathrow, Thames Water, black cabs, Harvey Nichols and Rio Tinto have in common? They’re all part-owned by Chinese companies. “Britain holds a number of attractions for Chinese investors,” says Simon Bevan, head of the China Britain services group at Grant Thornton UK. “As a country, our language, business culture, rule of law and [...]
Taylor Wimpey upbeat on UK housing market as buyers shake off General Election jitters April 23, 2015 The figures Taylor Wimpey has made an upbeat start to 2015, with an average private net reservation rate of 0.76 sales per outlet per week for the year to date – suggesting house buyers aren't worried about the impact of the general election (and given housebuilding is one of the few sectors that stands to benefit, [...]
The housing minister just admitted the government will miss its housebuilding targets November 11, 2016 The UK's housebuilding sector is "absolutely… not at the rate we need to be" in order to meet government targets, the housing minister has admitted. In an interview with Sky News, Gavin Barwell said although the UK is currently building 170,000 new homes a year, we're on course to miss a target of one million [...]
Private equity firm Privet Capital cuddles up with Care Bears maker Vivid Toy Group March 14, 2017 Private equity firm Privet Capital has snapped up a toymaker behind Care Bears, Thunderbirds and Moshi Monsters. Vivid Toy Group sells its products to major retailers across the UK, France, Benelux, Germany and the US, including in Tesco, Argos, Wal-Mart, Toys ‘R’ Us and Amazon. Headquartered in Guildford, the firm also has operations in Paris, Frankfurt and [...]
Buy a house worth worshipping like one of these ultra-ambitious and clever church conversions February 24, 2017 British buyers in particular want to tick three boxes when they go house-hunting; location, space and character. Church conversions offer all three. They’re often in the centre of town, where they would have been convenient for parishioners; have high ceilings and a generous footprint; and are often packed with historical details and period features. Here [...]
German minister confident of winning euro clearing power from “offshore” London after Brexit March 6, 2017 A German economics minister has spoken confidently of winning euro clearing power from London after Brexit. Tarek Al-Wazir, a minister for the state of Hesse, said he expects Frankfurt, which is in his district, to be among the beneficiaries. Read more: Clear off: City of London steps up fight to retain euro clearing “It is [...]