US President Donald Trump hails ‘talented’ Boris Johnson as future Prime Minister ahead of summit | City A.M. July 13, 2018 Donald Trump has heaped praise on Boris Johnson, calling the former foreign secretary “a very talented guy” who would “make a great Prime Minister”. In one of several headline-grabbing comments made to The Sun shortly after his arrival to the UK yesterday, the President said in an interview that Johnson has “got what it takes” [...]
Donald Trump blasts London Mayor Sadiq Khan for crime and terrorism in London | City A.M. July 13, 2018 US President Donald Trump blasted London Mayor Sadiq Khan in an interview published last night, blaming him for terrorism and crime in the capital. Speaking to The Sun on the eve of his first trip to the UK as President, Trump continued his feud with the London mayor saying that Khan “has done a very [...]
Retailer The Works which is backed by private equity firm Endless and the founder of the Card Factory launches £100m London float | City A.M. July 13, 2018 Retail chain The Works plans to float on the London Stock Exchange later this month with a valuation of £100m. The offer price has been set at 160p per share and dealings are expected to start on 19 July. The Works sells arts, crafts, gifts, toys, books and stationery from more than 430 stores in [...]
Donald Trump warns new Brexit proposals make a UK-US trade deal less likely | City A.M. July 13, 2018 Donald Trump has warned that a soft Brexit could threaten any trade deal between the US and the UK, claiming that Theresa May ignored his advice on negotiations. The US President told The Sun that he had advised her to toughen up, but that May has gone the “opposite way”. He slammed the Brexit proposals [...]
Guest Notes: Realpolitik at last, Cicero would approve, fintech breaking news and Speakers for Schools | City A.M. July 13, 2018 Like them or loathe them – the UK has tabled tangible proposals to the EU on our future trading relationship. I – like many in the City – wanted to see a comprehensive approach for both goods and services. As the City and the UK financial sector is our biggest trade earner, biggest taxpayer and [...]
Sorry ICO, fining Facebook will do nothing to fight fake news or stop data scandals | City A.M. July 13, 2018 Let’s be honest, Facebook has got away with it. Since 2014, it has had its hands in the cookie jar, taking our personal data and passing it on to companies like Cambridge Analytica, which could then do whatever they wanted with it. There were no checks, no balances, and no regulation to Facebook’s corporate actions. [...]
Big Four firm PwC predicts London house prices will drop despite growth in rest of UK | City A.M. July 13, 2018 London house prices are set to drop as much as two per cent this year according to a report which suggests fresh evidence of a slump in the capital’s property market. Analysis from Big Four firm PwC predicts a fall in London house prices that could persist into 2019, despite an expected rise in every [...]
US regulator hands out record $30m payout to JP Morgan whistleblower | City A.M. July 12, 2018 A US markets regulator today announced it had handed its largest ever award to a JP Morgan Chase whistleblower. The Commodity Futures Trading Commission (CFTC) said the whistleblower would get a record $30m for providing key information that led to an action being enforced against JP Morgan for failing to properly disclose weaknesses of investments [...]
US chipmaker Broadcom (AVGO) has $19bn wiped off its market value, after an out-of-sector deal confused investors | City A.M. July 12, 2018 Californian semiconductor chipmaker Broadcom has lost $19bn (£13.7bn) in market value so far today, after a surprise deal to acquire software company CA for $18.9m didn’t sit well with investors and analysts. The company revealed no clear reason behind yesterday’s acquisition, which led stymied investors to drive down its share price as low as 19 [...]
World Cup 2018 glory may have eluded England but planets could align for Gareth Southgate’s exciting team in 2020 | City A.M. July 12, 2018 Football might not be coming home just yet, following England’s World Cup semi-final defeat to Croatia on Wednesday, but it will soon be returning to its heartlands in at least one sense. The next European Championship, in two years’ time, has been designated a uniquely pan-continental affair involving 12 host cities in 12 different countries [...]