Top City lobbying group says Brexit is a once-in-a-generation chance to boost UK trade and investment January 31, 2017 An influential City lobby group believes Brexit is a once-in-a-generation opportunity to boost trade and investment into the UK – despite having previously campaigned to remain in the European Union. TheCityUK says post-Brexit trade agreements could enhance London's status as a leading financial capital and could also create new growth opportunities for the sector across the UK. In [...]
Consumer confidence climbed this month, but signs point to slowing spending in 2017 January 30, 2017 Overall consumer confidence edged up this month, but Britons showed they have less faith in making major purchases, signalling a spending slowdown in the year ahead, a new report suggests. GfK's consumer confidence index, published today, climbed two points to minus five in January. Three of the five measures experienced increases this month, one was unchanged and one decreased. It was the [...]
Cheeky IPO? Nando’s is considering a float January 30, 2017 Nando's, the South African restaurant chain famous for its spicy peri-peri chicken, is reportedly considering a cheeky initial public offering (IPO). Sources told Bloomberg Nando's is in the process of speaking to advisers and planning a share sale. Among its options, the Johannesburg-based company is mulling a London listing, the unnamed sources said. In a statement, a spokesperson [...]
Two ex-HBOS bankers among six convicted over corruption which cost the collapsed bank £250m January 30, 2017 Six people, including two ex-HBOS bankers, have been convicted over claims they drove businesses into the ground for their own gain, running up losses of around £250m for the now collapsed bank. Former banker David Mills, 60, his wife Alison Mills, 51, his associates Michael Bancroft, 73, and Tony Cartwright, 72, and HBOS employee Mark Dobson, 56, were all found [...]
Amazon and Expedia back Washington state’s lawsuit against Trump’s travel ban January 30, 2017 The state of Washington is set to take Trump to federal court with the help of technology companies Amazon and Expedia to challenge the US President's executive order to ban travel from certain countries. Attorney general Bob Ferguson today said he was filing a lawsuit against President Donald Trump, the US Department of Homeland Security and [...]
More than 400 routemaster buses were recalled over door faults last month January 30, 2017 Hundreds of Routemaster buses were recalled last month after experts found that rear doors on the vehicles could open while the bus is moving. 423 of the buses were taken off the streets after the Driver and Vehicle Standards Agency raised concerns over the fault in December. A Transport for London spokesman told City A.M. the [...]
Tom Hayes has launched the next stage of his Libor appeal to the CCRC January 30, 2017 Tom Hayes, the first person in the UK to be found guilty of playing a role in the Libor-rigging scandal, has submitted an appeal to the Criminal Cases Review (CCRC). Karen Todner, the former UBS and Citigroup trader's solicitor, said Hayes has been the subject of a "gross miscarriage of justice" and she's confident the CCRC will [...]
Spreadbetting lobby group plots bid to appease City watchdog amid industry crackdown January 30, 2017 A coalition of spreadbetting firms is drawing up a code of conduct amid pressure from the City watchdog. The CFD and FX Association is working to appease the Financial Conduct Authority (FCA), which is planning a crackdown on contracts for difference (CFD) products. The lobbying group is comprised of companies including CMC Markets, IG Group, [...]
Protesters march on the streets of London in opposition to Trump’s travel ban January 30, 2017 Protesters are gathering outside of 10 Downing Street and elsewhere across the UK in opposition to US President Donald Trump's controversial new executive order that banned travel from seven majority Muslim countries. At the protest tonight, there will be speeches from MPs including Ed Miliband and Caroline Lucas. A Press Association reporter on the scene said [...]
Evening Standard editor Sarah Sands has been appointed editor of BBC Radio 4’s Today programme January 30, 2017 Sarah Sands, the editor of the London Evening Standard, will take up a new role as the editor of BBC Radio 4's Today programme in "due time". Sands called it an honour to join the programme. "I've felt very close to the Today programme for more than 40 years: every listener does. It is an honour to [...]