Greenwich councillors say Trump not “welcome” in Royal Borough during UK state visit December 15, 2017 If Donald Trump had been hoping to visit the O2 or the Royal Naval College any time soon, he’s out of luck. The US President has been effectively barred from the Royal Borough of Greenwich ahead of his planned state visit to the UK next year. Greenwich’s Labour council called on the government to back [...]
Proceed with caution: EU leaders give thumbs-up to second phase of Brexit talks December 15, 2017 EU leaders have given the green light for the second phase of Brexit talks to begin, the president of the European Council said today. Donald Tusk congratulated Theresa May as he announced on Twitter that leaders had agreed to move on to the next stage, which are expected to focus on trade and the all-important [...]
Why consider investing in Asia now? Seven charts that tell the story December 15, 2017 | City Talk Asian stock markets (Asia Pacific, excluding Japan) have seen a decent recovery in the past 18 months. After such periods, there is a natural tendency to assume there will be a pause for breath. This is when equity valuations can be helpful. When money has been invested when valuations were low, it has, historically, resulted [...]
The UK is still the world’s top financial services exporter generating more than its next two competitors combined December 15, 2017 The UK has managed to retain the title of the world's biggest financial services exporter by a country mile, new data from TheCityUK has revealed. Last year the tiny island netted a total trade surplus from financial and related professional services of $93.6bn (£69bn) – more than the US and Switzerland, its next biggest competitors, [...]
A financial crisis in 2018? The danger signs are starting to emerge December 15, 2017 It is 10 years since the last financial crisis, and it has taken that long for normality to return. For the first time since the crisis, major economies are expanding together. Unemployment rates in the US and UK economies have halved. However, productivity and investment growth has been on a declining trend in major economies. [...]
London Overground Night Tube service arrives today: Here’s what you need to know about the new 24-hour service, including route map and timings | City A.M. December 15, 2017 You may have heard the Night Tube is expanding once more, and branching out to the London Overground this week. From tonight, new 24 hour services will get underway each Friday and Saturday between Dalston Junction and New Cross Gate. Here’s what you need to know about the rollout, including whether more Night Tube services [...]
Russian navy could cut cables between US and NATO nations including the UK December 15, 2017 Russian submarines could cut off communications cables between the US and the UK, a defence chief has warned. Sir Stuart Peach, chief of the British defence staff, said that Russian ships have been spotted close to Atlantic cables which are essential for international commerce and the internet. A report by think tank Policy Exchange estimated [...]
Chairman and remuneration committee head resign from FTSE 100 housebuilder Persimmon over huge payouts December 15, 2017 The chairman of Persimmon is to resign, a day after City A.M. revealed that the housebuilder is set to hand over huge payments to its senior team. Nicholas Wrigley has said he will leave the company once a successor has been found. Senior independent director Jonathan Davie, who chaired the remuneration committee, also resigned yesterday. [...]
London office bonanza as City deals drive record take-up December 15, 2017 Businesses continued to flock to the capital in last month, leasing a staggering 1m sq ft of new office space, according to new figures – boosted by the highest take-up in the City since 2004. Data by CBRE showed the amount of office space leased in central London rose 36 per cent in November compared [...]
Disney’s decision to buy 21st Century Fox is good news for viewers, honest December 15, 2017 Yesterday’s decision by Disney to buy 21st Century Fox for $52bn coincided with a data release from the UK’s Office for National Statistics showing the strength of the UK’s film industry. The figures suggested the sector added £7.7bn to the economy last year, up from £5.6bn in 2015 and just £1.8bn in 2008. The release [...]