Brexit rebels defend last night’s vote on EU Withdrawal Bill amid torrent of criticism and threats of deselection December 14, 2017 The Tory MPs who defied the government over the EU Withdrawal bill last night have defended their decision against a torrent of criticism and calls for their deselection – but warned of more to come. Theresa May suffered an embarrassing defeat on the eve of her trip to the European Council, where she will begin [...]
Lonmin share price (LMI) jumps 20 per cent as it agrees to £285m takeover by Sibanye-Stillwater December 14, 2017 Troubled platinum producer Lonmin today announced it would be taken over by South African miner Sibanye-Stillwater in a deal valuing the company at about £285m. Lonmin’s share price jumped 21.18 per cent to 77.25p on the news. Under the deal, each Lonmin investor will receive 0.967 new Sibanye-Stillwater shares for each Lonmin share. Following completion, [...]
The final countdown: MiFID II is coming, ready or not December 14, 2017 With just three weeks to go before the implementation of the Markets in Financial Instruments Directive II (MiFID II), how close is the industry to being ready for the biggest change in financial markets infrastructure for decades? This article will look at the industry’s state of readiness and influencing factors, as well as what will [...]
Bitcoin bubble? Cryptocurrencies more popular investment for millennials than shares and bonds December 14, 2017 Cryptocurrencies such as bitcoin are set to become a more popular investment for millennials than traditional shares and bonds by the end of next year, new research reveals. One in three of those aged between 18 and 35 said they would invest in cryptocurrencies over the next 12 months – 11 per cent definitely and [...]
London startup Pace has raised £2.5m to help hotels boost revenues using artificial intelligence December 14, 2017 A London startup using artificial intelligence to help boost revenues for hotels has raised several million pounds of cash from early-stage investors. Seedcamp, SpeedInvest and Amadeus Capital Partners are among investors putting £2.5m into Pace, with InterGlobe – the company behind India’s larges airline IndiGo – leading the seed round. Read more: European fintech startup [...]
The UK’s late payments culture is the worst in the world – we owe it to SMEs to tackle it December 14, 2017 Every year, UK businesses spend an average of 15 working days chasing late payments. That’s a higher level of wasted time than in any other country in the world. This is unacceptable, and particularly relevant as we approach year-end, a time when businesses are managing a last rush of customer activity and working hard to [...]
UK FTSE 100 housebuilder bosses lined up to pocket £126m in 2018 December 14, 2017 Bosses of the top FTSE 100 housebuilders are in line for an epic £126m payout next year as part of their long-term share rewards. Jeff Fairburn, chief executive of Persimmon, is in line for the biggest payout. If the firm performs as analysts expect this year, Fairburn could receive £116m from share grants. Read more: [...]
Heathrow Airport to unveil plans to deliver expansion “more responsibly and affordably” December 14, 2017 Heathrow has today announced it will unveil plans to deliver airport expansion “more responsibly and affordably”, with the launch of its planning consultation into its long-awaited new runway next month. The airport’s consultation, which is a separate one to the government’s on its airports national policy statement, will cover aspects such as airport design and [...]
Emma Thompson on the importance of activism and why Greenpeace made her braver December 14, 2017 Emma Thompson may be best known for her Academy Award-winning roles on the silver screen but she is also a passionate and dedicated activist. When her hectic acting schedule affords her some precious time, she is frequently vocal in championing a more green and just world. City A.M. recently caught up with her to speak [...]
Manchester City obliterate struggling Swansea to maintain their 11-point cushion at Premier League summit December 13, 2017 Runaway leaders Manchester City maintained their 11-point lead at the Premier League summit after chalking up a regulation 4-0 thrashing of bottom of the table Swansea at the Liberty Stadium. City made light work of the struggling Swans as David Silva continued his rich vein of goalscoring form with a double strike – the 31-year-old [...]