Bombast and bluster from President Trump won’t win him any new friends January 29, 2018 | City Talk What were people really expecting from President Trump’s speech to the World Economic Forum on Friday? For some it was an apology, for others it would have simply been a more conciliatory approach. He gave neither. President Trump instead boasted of America’s greatness, told the gathered delegates that when the US economy grew so did [...]
Anglo American share price rises as it exits South African coal market January 29, 2018 Miner Anglo American has exited the South African coal market with the sale of its New Largo asset. Anglo sold the asset for 850m South African Rand (£57m) via its 73 per cent-held subsidiary Anglo American Inyosi Coal to New Largo Coal Proprietary Limited. The buyer is owned by Seriti Resources Proprietary Limited and Coalzar [...]
UK immigration: Number of European workers in the City of London hits highest level on record January 29, 2018 The number of European workers in the City has hit its highest level on record. Data from the Office for National Statistics, published by the City of London Corporation, shows nearly a fifth (18 per cent) of the City’s workers came from the European Economic Area (EEA) in 2016, the highest ever recorded. Read more: [...]
TfL sounds alarm over Heathrow Airport expansion causing significant public transport crowding in London January 29, 2018 Transport for London (TfL) has raised concerns over the impact Heathrow expansion will have on the capital’s transport network, warning over significant crowding. In surface access analysis compiled this month, London’s transport body said Heathrow expansion is expected to result in an extra 170,000 daily passenger and staff trips compared to today. The airport has [...]
No Brexit trade deal is complete without an immigration policy to keep EU talent January 29, 2018 London has long been one of the world’s leading financial hubs. Achieving this position has, in part, been down to its ability to attract people from all over the globe to live and work here. The mix of culture, history, and job prospects makes it a vibrant and thriving city, where opportunities are plentiful. Read [...]
Housebuilders remain optimistic about business growth over the next five years January 29, 2018 British housebuilders are setting ambitious growth plans as they remain optimistic about the future, despite uncertainty caused by Brexit. Confidence in the industry’s future remained relatively steady, dropping slightly to 6.9 from 7.2, with 10 representing the highest level of expectation, according to an annual report from Lloyds Bank. Despite grappling with a skills shortage [...]
Consumer confidence proves resilient to spending pressures, according to Deloitte Consumer Tracker January 29, 2018 Consumers are showing resilience in the face of spending pressures, according to the latest consumer confidence tracker out today from Deloitte. UK consumer confidence remained flat in the fourth quarter of 2017 compared to the same period the year before, marking the first time that confidence has not fallen in the final quarter of the [...]
Ranked: The British cities most and least at risk of job losses due to automation and globalisation | City A.M. January 29, 2018 Over 900,000 London jobs will be put at risk due to the potential impact of automation and globalisation, but the capital is well-placed to draw in the new jobs technology will bring, according to a new Centre for Cities report. The think tank has London among the 10 cities least at risk of job losses [...]
Aircraft deliveries fly to new record high in 2017 bringing in £29bn for UK industry January 29, 2018 The global aerospace industry soared to a bumper 2017 after a fresh record was set for aircraft deliveries, bringing a £29bn boost to the UK. A new annual record was set last year, after 1,498 aircraft deliveries were recorded, according to figures out today from aerospace trade body ADS Group. Deliveries for 2017 were worth [...]
Softbank plots digital payments raid with plans for Paypal rival January 28, 2018 Japanese technology giant Softbank is planning to create a global digital payments system that could rival giants such as PayPal, according to reports. The tech firm will lead a consortium back by some of the world’s biggest banks, City sources told the Sunday Times. Entering the global finance industry is seen as a key strategic [...]