London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Bond Street dumps its rubbish trucks March 15, 2017 Bond Street has dumped its bin men in a bid to attract overseas investment. The number of rubbish trucks going along the iconic shopping street has been slashed by 75 per cent over the past year, with the number of service providers falling from 40 to just two. Read more: Retailers in Mayfair and Bond [...]
Suspicious package sent to German finance ministry found to contain explosives equipment March 15, 2017 Police have discovered explosive items, which could have caused somebody serious harm, in a suspicious package delivered to Germany's Federal Ministry of Finance. Ersten Untersuchungen zufolge enthielt das Paket ein so genanntes "Blitzknall-Gemisch" (gefährliche Pyrotechnik).^tsm pic.twitter.com/zOmWMax4mA — Polizei Berlin (@polizeiberlin) March 15, 2017 The police described the contents of the parcel, which was delivered to the [...]
Shareholder group Pirc hits back at Sports Direct’s “fake news” allegations March 15, 2017 A shareholder advisory group has hit back at Sports Direct after the retailer accused it of pushing out “fake news” figures on high pay ratios. Pensions and Investment Research Consultants (Pirc) also claimed Sports Direct had sight of the contested figures in 2015 and made “no response on the detail”. Read more: Revealed: The highest and [...]
International trade secretary Liam Fox: The cabinet is still divided over migration figures March 15, 2017 International trade secretary Liam Fox has revealed the continuing divides at the heart of Prime Minister Theresa May's cabinet over migration numbers. Foreign secretary Boris Johnson has previously rejected government policy on migration statistics, arguing student numbers should be excluded. But Downing Street has rejected any change to the way the numbers are compiled. Today, Fox [...]
Retail giant H&M lagging behind competitors as shares drop March 15, 2017 H&M’s shares dropped by nearly 5 per cent, the first downturn of its kind in four years. The figures H&M’s sales decreased 1 per cent year-on-year last month, bringing its shares down 4.5 per cent. This drop is the first of its kind in four years. Fiscal first-quarter sales were up 5.5 per cent from [...]
LuxLeaks’ whistleblowers have sentences reduced, but appeal court upholds convictions March 15, 2017 A Luxembourg appeals court today cut the sentences of two ex-PwC workers for playing a part in leaking data from the firm which revealed the ins and outs of the tax tricks used by hundreds of companies. In a court ruling last June, Antoine Deltour was given a 12-month suspended sentence and a €1,500 (£1,305) fine and Raphael [...]
E.On’s share price loses energy as it reveals its biggest ever loss March 15, 2017 E.On's shares dropped more than three per cent after the energy provider announced it booked a net loss for 2016 double the loss of the previous year. The figures In the year to the end of December, the German energy firm reported a net loss of €16bn, compared with a loss €6.4bn the previous year. This was its [...]
HOLD: Hands off interest rates, City A.M.’s Shadow MPC tells Bank of England’s Monetary Policy Committee March 15, 2017 Economists expect the Bank of England to leave monetary policy unchanged at tomorrow’s meeting of senior policymakers, but pressure is slowly growing to begin pushing monetary policy back to more normal levels. City A.M.’s Shadow Monetary Policy Committee (MPC) voted in favour of keeping policy unchanged, but added another dissenter since February's meeting pushing for [...]
AstraZeneca turns to healthtech startup Umotif to capture patient data treasure trove March 15, 2017 Pharmaceuticals giant AstraZeneca has turned to an innovative startup helping patients, doctors and researchers track health conditions to better understand and treat them. Umotif, a digital health startup based in London which was behind the first ever app to be prescribed by the NHS, will work with the FTSE 100 firm to create digital products for monitoring clinical trials, [...]
AT&T wins European Commission approval for $85bn Time Warner deal but faces battle in the US March 15, 2017 US telecoms giant AT&T has won European Commission approval for its $85bn (£70bn) takeover deal for Time Warner. “We appreciate the skilled work of the European Commission’s team for their timely effort to analyse and clear the AT&T-Time Warner merger,” said Bob Quinn, senior executive vice president of AT&T external and legislative sffairs. Read more: [...]