Sanjeev Gupta’s Liberty House could sell Jaguar Land Rover supply business November 12, 2019 Sanjeev Gupta’s industrial conglomerate Liberty House is considering selling a major automotive supplier to Jaguar Land Rover (JLR) and Renault. The company has hired advisers from Grant Thornton to look into how to address market issues facing Liberty Pressing Solutions (LPS). Read more: GFG Alliance launches $15bn Liberty Steel Group One of the options on [...]
A Machiavellian mastermind or a naïve kid? The story of the Flash Crash Trader June 5, 2020 On a cold morning in April 2015, half a dozen FBI agents and police officers pulled up outside a modest semi-detached house in Hounslow to arrest a man they considered to be among the most prolific and dangerous market manipulators in the world. Their target, Navinder Singh Sarao, had accumulated $70m buying and selling futures [...]
Thomas Cook collapse: Assets under the hammer as liquidators move in September 23, 2019 Collapsed airline Thomas Cook will be sold as a whole or in parts after it went into liquidation this morning, the firm’s second largest shareholder has said. Neset Kockar, boss of Turkish holiday group Anex Tour, owned a near-eight per cent stake in the travel giant when it went under. Read more: Tui share price soars [...]
Virgin Atlantic ups IAG war with teaser for new routes at Heathrow September 18, 2019 Virgin Atlantic has upped the stakes in its face-off with British Airways owner IAG, unveiling a raft of new routes it will launch if it wins more slots at Heathrow airport. Virgin has said it intends to add 84 destinations to its map in the UK, Europe and internationally when the third runway is complete [...]
UK house prices fall for first time since 2012 amid coronavirus July 1, 2020 UK house prices posted an annual fall for the first time since 2012 in June amid the coronavirus pandemic, according to Nationwide’s index today. Growth turned negative last month with prices slipping 0.1 per cent year on year, following a 1.8 per cent climb in May, Nationwide said. Its data showed UK house prices also [...]
Time to cull the ministers who sit around the cabinet table January 15, 2020 Walter Bagehot, one of the fathers of our modern constitutional structure, believed that the cabinet was the “efficient secret” of the British state. But what if the institution is now too large to run the country efficiently? I agree with the assessment from chief Number 10 aide Dominic Cummings that the cabinet as it stands [...]
Hipgnosis signs up songwriter behind Adele and Stormzy hits December 3, 2019 Music royalties investment firm Hipgnosis has announced the latest addition to its roster of musicians, signing up the brains behind hit tracks by Adele and Stormzy. Read more: That’s a rap: Hipgnosis lands Timbaland catalogue as it beefs up portfolio The London-listed firm today said it has acquired a music catalogue from British songwriter and [...]
What 175 years of data tell us about house price affordability in the UK March 29, 2021 What we’ve learned from nearly 200 years of housing data – and is property really a better investment than a pension? We dug into the treasure trove that is the Bank of England’s Millennium of data resource to analyse the history of house prices. We found that the average house in the UK currently costs more than [...]
The City View, from City A.M., with Johnny Hornby May 13, 2020 In this episode Christian is joined by Johnny Hornby, one of the most influential men in advertising – chairman and CEO of The&Partnership, the largest independent ad agency in Europe. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Johnny sets out why he believes companies must continue to advertise and [...]
Business blocked from immigration discussions after MAC report, Downing Street suggests January 28, 2020 The government has signalled there will be no more formal consultation with business groups on immigration policy as it begins drawing up a new system for the post-Brexit regime. Instead, ministers will rely on a long-awaited report from the independent Migration Advisory Committee (MAC) which will be unveiled in Westminster this morning. It is understood [...]