Editor’s Notes: The Russians swung the Brexit vote? Pull the other one, Legatum Institute experts on the theory of change and City A.M.’s 3,000th edition is coming soon November 3, 2017 We have a problem with the Russian state. Senior spooks say the Kremlin’s agents are more active in this country now than at any point since the height of the Cold War. Out of the shadows, Putin’s interference is brazen – including the Kremlin-funded ‘news’ outlets RT and Sputnik – home of conspiracy theorists, pro-Russia [...]
Bookies slash the odds on Andrea Leadsom to replace Theresa May as next UK Prime Minister November 3, 2017 Bookies have slashed the odds on the prospect of Andrea Leadsom becoming the next Prime Minister. Leadsom, who ran against Theresa May for the top job after the Brexit vote, has been in the headlines today after it emerged she demanded Michael Fallon leave his role as defence secretary. Read more: Theresa May limps on [...]
Bonfire Night 2017 London: Where are the best fireworks displays? Which events still have tickets? November 3, 2017 This weekend, the skies of London will be lit up with countless colourful fireworks displays – so get ready to wrap up and eat as much street food as possible. But if haven’t remember remembered to book tickets in advance, are the displays you should still be able to get into. Alexandra Palace The organisers [...]
Every London borough ranked by house price growth in the next three years November 3, 2017 Despite doomsday predictions for house price growth in the capital, prices in Hackney will continue to keep growth strongly over the next three years, new research has suggested. Prices in Hackney are expected to grow more than five per cent in the years to 2020, followed by Westminster and Lewisham, which will both experience growth [...]
Unilever shortlists four buyers in £6.5bn spreads auction November 3, 2017 The £6.5bn auction of Unilever’s spreads division has moved onto the next phase. Four shortlisted firms have been asked to submit new bids for the division, which includes Flora, I Can’t Believe It’s Not Butter and Stork, according to Sky News. The final bidders are: Apollo Global, CVC Capital Partners, KKR and Platinum Equity. CVC [...]
Non-farm payroll: The pound has jumped against the dollar after US job openings massively undershot expectations last month (GBP USD) November 3, 2017 The pound has jumped against the dollar after a closely-watched measure of US employment massively undershot expectations. The pound soared past $1.31 in lunchtime trading, rising 0.4 per cent on the day, after US non-farm payrolls showed there were just 261,000 new job openings last month, against expectations of 313,000. However, the figure was a [...]
The kids are alright: The UK now has so many young entrepreneurs, they’re getting their own festival November 3, 2017 The youth of today: obsessed with their smartphones, avocado toast and… starting successful businesses, apparently. The UK’s first festival for entrepreneurs under 14 years old will take place next weekend, celebrating some of the nation’s youngest wheelers and dealers. KidZania London, which takes place at Westfield Shepherd’s Bush next Saturday, 11 November, was “designed to [...]
Paul Newman’s $17.8m Rolex November 3, 2017 | City Talk Legendary Hollywood actor Paul Newman left behind many legacies but one has been labelled with a price. Auctioned at Phillip’s in New York City this week, the $17.8m (buyer’s premium included) Rolex Daytona was sold to an anonymous bidder on the phone breaking the record for the most expensive wristwatch ever sold. Oscar winner Newman [...]
Services PMI: Pound sterling rises against the dollar and the euro as services sector beats expectations in October November 3, 2017 The pound edged slightly higher this morning after new figures showed the UK’s dominant services sector smashed expectations in October. IHS Markit’s purchasing managers’ index (PMI) for services rose to 55.6 in October, two full points above the previous month’s reading and well above expectations of a fall to 53.3. Any figure above 50 denotes [...]
Deputy governor of the Bank of England Ben Broadbent says more rate rises are on the way November 3, 2017 Deputy governor of the Bank of England said that more rate rises are on the cards. The bank increased its base rate for the first time in 10 years yesterday and upgraded its forecast for UK GDP in 2017. Read more: The pound is still wobbly after yesterday’s interest rate hike Broadbent has said this [...]