Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Tailbacks as far as Fenchurch Street as Bishopsgate is closed after collision February 8, 2017 Tailbacks spread as far as Fenchurch Street this morning, after the northbound lane on Bishopsgate was closed following a collision between a van and a motorcycle. City of London police tweeted that the motorcyclist had been taken to hospital in a "serious condition" after the collision. #Bishopsgate is closed northbound due to a collision between [...]
Podcast: Meet the most powerful woman in advertising February 8, 2017 The Unregulated team welcomes Karen Blackett, chairman of MediaCom UK and the most powerful woman in the UK’s ad industry, to discuss growing up in the sector, how its attitudes to women and ethnic minorities have changed – and why she is a secret lemonade drinker… You can subscribe to City A.M. Unregulated on Audioboom [...]
Richard Pennycook steps down as Co-operative Group chief executive February 7, 2017 Richard Pennycook, the chief executive of the Co-operative Group who was parachuted in when the company was in the worst phase of its crisis in 2013, has stepped down as chief executive, it said today. In a statement today the company said Pennycook will be replaced by Steve Murrells, who currently heads up the company's food [...]
The big winners of the housing white paper: Housebuilders’ and estate agents’ shares are climbing February 7, 2017 If you work in residential property, today is a good day – share prices went up across the board after the government published its long-awaited housing whitepaper. On the FTSE 100, Persimmon was the big winner, with shares rising 2.3 per cent to 1,983p in mid-afternoon trading. That was followed by Barratt, which rose 1.7 per [...]
Short-term Greek bond yields have jumped after the IMF’s board fell out over its rescue February 7, 2017 Yields on two-year Greek debt jumped to almost 9.7 per cent this morning, the highest since last summer, after the International Monetary Fund (IMF) admitted its executive board was divided over the issue of the country's bailout. The IMF has been at loggerheads with other members of the so-called troika of creditors involved in Greece's bailout for [...]
11 risks that keep Snapchat bosses awake at night February 3, 2017 Snapchat's hotly-anticipated IPO, which it filed for last night, has lifted the lid on the inner workings of the rather mysterious company. Not least the fact it believes it could be worth a stonking $25bn… As with any IPO, its Securities and Exchange Commission filing includes a hefty list of risks investors should take into account before buying [...]
Scientists have explained why noisy eating makes some people angry February 3, 2017 Does listening to someone eat a bag of crisps make you angry? Does the guy sitting next to you on the Tube with a whistling nose fill you with rage? Scientists have discovered that not only do you have a real condition – why it happens in the first place. Misophonia is the name given [...]
JLR has lovingly updated its original Range Rover Classic – and it can be yours, for £135,000 February 3, 2017 If you're a British car buff, here's one to get your engine revving: as part of its "Reborn" series, Jaguar Land Rover (JLR) has lovingly recreated the original Range Rover Classic – and it's absolutely gorgeous. The restored car, in Bahama Gold, features a V8 petrol engine and 132 brake horsepower. Want one of your own? [...]
Financial adviser, data scientist – and truck driver: These are the 10 jobs recruiters are desperate to hire for February 3, 2017 Falling unemployment may be a positive story for the economy, but for people trying to hire, it's becoming an increasingly sticky situation. Now new research has uncovered the jobs recruiters are desperate to hire for – and many of them come with an appropriately enticing salary. Recruitment website Careercast, which it's worth pointing out is based [...]
In our rush to solve the housing crisis, we’re forgetting about one thing February 3, 2017 Greenwich Peninsula has never been thought of fondly. Once desolate marshland, by the turn of the 20th century it was best known for the difficult-to-love Blackwall Tunnel. A century later, the controversial Millennium Dome had joined it, along with the fiscally-questionable Emirates Air Line cable car. So yesterday’s high-profile launch of 600 shiny apartments on the [...]
