Huawei poses a risk to national security and should be banned, says former spy chief May 16, 2019 Allowing Chinese tech firm Huawei to participate in the UK’s 5G network poses an unnecessary risk to national security, the former head of MI6 has warned. Sir Richard Dearlove has called for a total ban on Huawei, warning that no Chinese company could be free from the influence of the communist state. Read more: Huawei [...]
Sterling slides to fresh one-week low against dollar as Brexit clouds gather March 21, 2019 The pound slid against the dollar this afternoon to hit a fresh one-week low after French President Emmanuel Macron said Britain “will be going to a no deal” if Parliament again rejects the Brexit agreement. Sterling was down 0.8 per cent today against the dollar as traders reacted badly to continued uncertainty in the Brexit saga. [...]
US airline Mesa leads last-minute Flybe rescue offer in blow to Virgin February 19, 2019 Arizona-based airline Mesa has tabled a £65m rescue deal for struggling airline Flybe in a dramatic move that could derail a takeover bid led by Virgin Atlantic. City A.M. understands Mesa is leading a consortium of investors that offered an injection of new equity at a Flybe board meeting today in a bid to save [...]
Best 25 stocks in the last tax year April 15, 2019 By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
BT’s brand value drops as new boss prepares image overhaul May 21, 2019 The value of telecoms giant BT’s brand slumped this year as new chief executive Philip Jansen prepares to overhaul the company’s image. BT dropped two rankings to 10th place this year as its brand value, which is calculated as the net economic benefit its owner would receive if it licensed the brand in the open [...]
Debenhams shares bounce back as Mike Ashley launches power grab March 8, 2019 Shares in embattled department store chain Debenhams jumped as much as 25 per cent this morning after Mike Ashley launched an audacious bid to take control of the company. The retail mogul last night demanded an extraordinary general meeting of Debenhams shareholders, calling for all but one of the existing board members to be ousted. Read [...]
City Moves for 12 April 2019 – Who’s switching jobs at Ten Lifestyle Group, Cobalt and Atlas Merchant Group? April 12, 2019 Today's City Moves includes Ten Lifestyle Group, Cobalt and Atlas Merchant Group. Ten Lifestyle Group Ten Lifestyle Group, a leading technology-enabled lifestyle and travel platform for the world’s wealthy and mass affluent, has announced the appointment of Alan Donald as chief financial officer (CFO) and as an executive director on the board. He will join [...]
From housing to recycling, fuzzy tokenism is no substitute for action April 18, 2019 The brakes are temporarily on the Brexit saga for Easter, giving the government an opportunity to address some of the major public policy issues that have been all but sucked up by the EU vacuum. Putting aside this administration’s inability to actually pass any legislation (Brexit or otherwise), one at least hopes for the promise [...]
If there is something fishy about online influencers, why do we take the bait? April 3, 2019 Social media influencer, Yovana Mendoza, provided an amusing diversion from Brexit last week. The 20-something vlogger built a very lucrative personal brand around veganism. She amassed over 3m followers on YouTube and Instagram by advocating a raw vegan diet and 25-day water fasts. All seemed to be going well until a competitor observed and filmed [...]
Arsenal 2, Chelsea 1: Gunners over Sanchez saga, says Wenger, after they reach Carabao Cup final January 24, 2018 Arsenal 2, Chelsea 1 (Aggregate 2-1) Arsenal manager Arsene Wenger believes his team have put the Alexis Sanchez saga behind them after they overcame Chelsea to reach the Carabao Cup final. The Gunners fought back after conceding an early Eden Hazard strike, with an Antonio Rudiger own goal and Granit Xhaka scoring to set up [...]