Bristol City 2, Manchester United 1: Jose Mourinho brands giant-killers “lucky” as holders exit Carabao Cup December 20, 2017 Manchester United boss Jose Mourinho branded Bristol City “lucky” after the Championship high-flyers stunned the tournament holders to reach the semi-finals of the Carabao Cup. An injury-time strike from midfielder Korey Smith ensured City reached the last four of the League Cup for the first time since the 1988-89 campaign, and they will now face [...]
Damian Green has resigned as first secretary of state after pornography allegations December 20, 2017 Theresa May has been dealt a major blow as her deputy, Damian Green, resigned as after an investigation found he misled the public and MPs over pornography found on a Commons computer. The Prime Minister said she had asked Green, effectively her deputy, to resign. In his resignation letter, Green apologised for his actions and [...]
US House of Representatives gives final approval for sweeping tax changes in win for Donald Trump | City A.M. December 20, 2017 Donald Trump scored his first major legislative victory today as the US House of Representatives gave its final stamp of approval on his sweeping tax bill. The House voted 224 to 201 to approve the bill, which will slash taxes for corporations from 35 per cent to 21 per cent. Now, Trump only has to [...]
Bank of England’s Mark Carney spreads Christmas cheer with Brexit assurances for EU banks December 20, 2017 The governor of the Bank of England (BoE) has attempted to spread a little festive cheer after the EU’s chief Brexit negotiator insisted that a financial services deal was off the table. In response to Michel Barnier’s position (which saw him dubbed “Scrooge” by City lobbyists yesterday) Mark Carney has assured EU banks that they [...]
Relegation-haunted Swansea on hunt for new manager after sacking Paul Clement December 20, 2017 Relegation-threatened Swansea City are on the hunt for a new manager following the sacking of Paul Clement after less than a year in charge. Clement was nominated for Premier League manager of the year last season after guiding Swansea to safety having taken over in January with the Welsh outfit firmly in the relegation mire. [...]
Uber appoints Barney Harford as its first ever chief operating officer – a Brit and former Orbitz chief executive December 20, 2017 Uber has appointed its first ever operating chief – a British executive from the travel world who previously worked with the startup’s newly installed chief executive Dara Khosrowshahi. Barney Harford will take on the leadership role which was first floated under former chief and founder Travis Kalanick to keep him in check. Read more: It’s [...]
London startup investor Future Planet Capital promises up to £30m for spinouts from China’s Tsinghua University X-lab December 20, 2017 Future Planet Capital (FPC), a London-based investor which funds innovative startups, has announced it will invest up to £30m in businesses spinning out from China’s Tsinghua University. Tsinghua University’s X-lab is a platform which supports and facilitates startups founded by Tsinghua alumni, students or faculties. Since its launch in 2013, it has worked with more [...]
Birmingham set to get 2022 Commonwealth Games in Britain’s biggest sports event since the London 2012 Olympics December 20, 2017 Birmingham is expected to be confirmed as host of the 2022 Commonwealth Games on Thursday, making it the third British city to be awarded the competition since the turn of the century. The decision has been held up by organisers’ reservations about Birmingham’s bid, which was put forward in March after original host selection Durban [...]
Crossrail 2 faces timing crunch as government plans independent funding and financing review December 20, 2017 The planned timeline for Crossrail 2 could be pushed off track by a fresh funding hurdle as the Department for Transport (DfT) plans an independent financing review for the £31bn project. London mayor Sadiq Khan met transport secretary Chris Grayling this month for further talks regarding the railway which would serve stations throughout the south [...]
Christmas travel disruption roundup: London Tube and train stations and networks closed over Christmas December 20, 2017 With this morning’s news of a DLR strike planned for New Year’s Eve, Londoners may well be wondering what travel troubles they’ll be facing over the festive period. Well fear not, for here is a roundup of the various engineering works and walkouts planned – along with which days are set to be busiest for [...]