M&A activity surge predicted in betting, airline and homebuilding industries after Brexit vote November 9, 2016 The UK’s Brexit vote is likely to increase deal activity in the betting industry, among airlines and between homebuilders, new analysis out today suggests. With the outcome of the Leave vote far from decided, “the only certainty is uncertainty”, the Boston Consulting Group (BCG) report noted. But the report, “Will Brexit hurt – or help [...]
City Moves for 9 November 2016 | Who’s switching jobs November 9, 2016 Velocity Composites Velocity Composites, a supplier of composite material and consumable kits to the aerospace industry, has appointed Alan Kershaw as chief financial officer. Alan has over 25 years' experience of shaping and leading the finance functions of companies, both privately and publicly held. Alan joins Velocity Composites after serving as finance director for Ultrasis, an international provider [...]
M&S dresses for success by choosing food over fashion November 9, 2016 As Marks & Spencer announces its turnaround plan, now is a great time to analyse how the retailer has reached this point, and whether a revival is possible. M&S reported falling sales and profits in the six months to the end of September and said it will close more clothing and home stores, and convert many [...]
Canadian immigration website crashes as Donald Trump victory over Hillary Clinton looms in US Presidential election November 9, 2016 The Canadian immigration website has crashed this morning as Donald Trump looks increasingly likely to take the White House. Trump is fast approaching the number of electoral colleges he needs to claim victory over rival Hillary Clinton, with 244 to the Democrat's 215. "Moving to Canada" was an option stated by several Americans when asked what [...]
LIVE UPDATES: Hillary Clinton to address the world after Trump victory November 9, 2016 As Hillary Clinton prepared to confront a Donald Trump victory this morning, the US markets opened. More: Live coverage: Follow our live blog of market news, reactions and views here "Time to bind the wounds of division": Watch the video or read the full transcript of Trump's victory speech Markets have been surprisingly calm after [...]
US Presidential election 2016: Donald Trump is the 45th President of the United States November 9, 2016 Donald Trump has been declared the 45th President of the United States. Hillary Clinton has conceded the race, and Trump is currently giving his victory speech. "I say it is time for us to come together as one united people," Trump told his supporters in New York. "To those who have chosen not to support me [...]
Gatwick Airport and Cathay Pacific subsidise flights for British small business trade mission to China November 9, 2016 Gatwick Airport is subsidising a new trade mission to China, along with its newest airline Hong Kong carrier Cathay Pacific. 25 British fledgling brands are off to Hong Kong today for a week-long trade mission organised by Enterprise Nation, and their flights are being subsidised by by Gatwick and Cathay Pacific. It comes as new figures show more [...]
Calls for banks to be protected in Brexit as sector’s total tax bill rises to £34.2bn November 9, 2016 The amount of taxes generated by the UK’s banking sector has risen to £34.2bn in the year to March, underscoring the importance of financial services to the wider economy. The figures, revealed today, have generated fresh calls to defend the City during upcoming Brexit negotiations. A study published today by professional services firm PwC on behalf [...]
Unpredictable and punitive taxation is threatening the competitiveness of UK banking November 9, 2016 Winston Churchill famously claimed that “for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle”. But for banking – Britain’s biggest export sector – the handle is still being pulled. New figures published today by the BBA show [...]
Some of the EU’s largest companies are worried that a hard Brexit will cost them dear November 8, 2016 A hard Brexit could hit some of Europe's largest companies by increasing their cost of funding. A report by accountants EY revealed that the likes of Airbus and Volkswagen are worried about the fallout of Britain's exit from the EU, according to reports by Sky News. Read more: A "hard Brexit" could undermine the very things driving [...]