Why the EU’s approval of May’s Brexit deal failed to give sterling a boost November 26, 2018 Sterling failed to get a significant boost from the EU rubber-stamping the Prime Minister’s draft Brexit deal over the weekend, with markets awaiting the outcome of a crucial parliamentary vote next month. While EU leaders voted in favour of Theresa May’s Brexit agreement despite the threat of a Spanish veto over the future of Gibraltar, [...]
Developer secures £125m loan for student digs in the City November 26, 2018 University pads might be more typically associated with sprawling campuses than the City of London’s cramped financial district, but developers today secured a multi-million pound loan for a landmark student accommodation scheme within the Square Mile. In a fresh sign of the booming investor appetite for London’s student property assets, developer and student accommodation operator [...]
Luxury furniture firm Smallbone of Devizes teeters on brink of collapse November 26, 2018 High-end furniture manufacturer Canburg, which owns brands such as up-market designer Smallbone of Devizes, is on the edge of bankruptcy as it faces administration. The firm has filed a notice to appoint accountancy firm Grant Thornton as administrator this week, Sky News first reported. Hundreds of jobs could be at risk if proceedings go ahead. [...]
Mark Zuckerberg is a modern wartime chief executive November 26, 2018 Facebook was meant to revolutionise and make everything better wasn’t it? It was a friendly social networking platform that would allow us to share photos and videos, and stay in touch with those we needed to: friends, family, and the loved ones we were separated from by distances in time and geography. But the revelations [...]
UK pub employment on the rise despite spate of closures November 26, 2018 The number of people employed by pubs in the UK has increased over the last decade, despite a shrinking number of watering holes, new figures have revealed. Research by the Office for National Statistics (ONS) shows that while the number of pubs has shrunk from roughly 50,000 in 2008 to 39,000 in 2018, the number of employees [...]
Barclays fights off cyber attack attempts every day, says digital defence head November 26, 2018 Barclays fights off attacks from cyber criminals every single day, according to the head of the bank’s cyber security operations centre. Former Europol cybercrime centre head of operations Paul Gillen told City A.M. that the number of attempts against the lender each day was “substantial”. However, the attacks vary in degree with the most common [...]
Pensioner paradise: London investor plans to open £600m luxury retirement home November 26, 2018 Here comes the world’s most expensive old folks’ home. Leading property investor Johnny Sandelson says he is planning to develop an ultra-luxury retirement complex in one of the priciest enclaves of west London at a cost of £600m, if it is approved by planners later this week. Speaking to City A.M., Sandelson said he was [...]
WPP to merge JWT and Wunderman as part of streamlining plan November 26, 2018 Advertising giant WPP is merging its J Walter Thompson (JWT) and Wunderman agencies as the company attempts to streamline its complex business structure. The deal to combine the two subsidiaries will create a new entity called Wunderman Thompson, which will have headquarters in New York and London. The new company will employ roughly 20,000 people in 200 [...]
Turkish police search villa as Khashoggi investigation continues November 26, 2018 Turkish police are searching a villa in northwestern Turkey as part of a fresh push for evidence in the case of Jamal Khashoggi, the journalist killed at the Saudi Arabian consulate last month. The state-run Anadolu Agency reported that police used sniffer dogs as they inspected a two-story property in a village called Samanli near [...]
Your commute to work can help change the world as the UK strives to meet the UN’s ambitious goals November 26, 2018 Are you cutting back on your use of plastic bags? Do you opt for the bus or train, or walk when going on a journey rather than taking your car? Have you ever spoken out when you’ve seen a glaring example of gender inequality? If so, then you’re already contributing to an ambitious global plan [...]