The City of London’s benches have had a creative boost to celebrate the London Festival of Architecture June 22, 2018 Have you seen a lot of odd benches around recently? That will be because a bunch of up-and-coming architects and designers have been invited to celebrate the Square Mile with exciting street furniture as part of the London Festival of Architecture in partnership with the City of London Corporation. The City is a focus area [...]
House of Fraser CVA approved June 22, 2018 House of Fraser’s creditors are have agreed to a rescue plan which will result in 31 store closures. Creditors including landlords and suppliers met to vote on the company voluntary arrangement (CVA) today, and have passed the proposal with no amendments. “The approval of the CVAs is a seminal moment in House of Fraser’s history,” [...]
YouTubers get new ways to make money with merchandise shopping and membership features June 22, 2018 YouTube has launched a new feature allowing vloggers to sell their merchandise directly on the site. The video site is teaming up with merchandise platform Teespring to allow YouTubers with over 10,000 followers to design and sell their own creations directly to fans. It is one of a raft of features announced which will help [...]
Brexit: Airbus threatens to pull out of UK if no deal reached June 22, 2018 Airbus has warned it could leave the UK in the event of a hard Brexit, putting around 14,000 jobs at risk. The pan-European firm said it would consider moving out of the UK if there is no transition deal involving ongoing membership of the Single Market and customs union. While that is the government’s intention, [...]
Hammond is right – the City’s future depends on more than just a good Brexit deal June 22, 2018 Throughout the Brexit process to date, the City has learned to fend for itself. Politicians are always more inclined to address manufactures in the Midlands than suits in the Square Mile. This is why the chancellor’s annual Mansion House address is important. It’s a rare opportunity to show a bit of love to the country’s [...]
Split between Bank of England governor Mark Carney and chief economist Andy Haldane puts August hike back on table June 21, 2018 The Bank of England’s chief economist broke ranks with the governor for the first time in seven years yesterday as he called for higher interest rates, putting a hike in August back in play. Andy Haldane was one of three hawks on the nine-member monetary policy committee (MPC) to vote to increase bank rate from [...]
World Cup 2018: Panama are organised and tough but are hoping for a miracle against England June 21, 2018 The parallel between Panama – England’s next opponents – and Costa Rica is a fairly obvious one. Both are Central American countries, both are small, and both are used to being underestimated on the football pitch. But while Costa Rica are playing at their fifth World Cup, Panama are at their first, thanks to a [...]
Heathrow battle looms for Theresa May as SNP support wavers while Tory rebels add up June 21, 2018 The Prime Minister faces yet another parliamentary battle on Monday, as Tory backbench support and SNP backing for plans to expand Heathrow evaporated. Fresh from her bruising back-and-forth over the EU Withdrawal Bill, Theresa May will now endure another tight vote, this time on the government’s proposals to push forward with a third runway at [...]
Intel’s chief executive Brian Krzanich has resigned after a ‘past consensual relationship’ with an employee came to light June 21, 2018 Intel’s chief executive Brian Krzanich has resigned after an investigation found he had a ‘past consensual relationship’ with an employee, effective immediately. The board of directors, from which Krzanich has also resigned, has named chief financial officer Robert Swan as interim CEO. An ongoing investigation by internal and external counsel for Intel confirmed Krzanich’s relationship [...]
Daimler’s profit warning has sent the share prices of European car manufacturers tumbling June 21, 2018 Daimler, the maker of Mercedes-Benz, has warned that profits will be lower this year as a result of US-China trade tensions, which has seen share prices in other European carmakers fall in tandem. Daimler has said it is considering “possible strategic options” while cutting its profit forecast, following a warning from China that it will [...]