Brexit secretary David Davis admits you don’t have to be clever to do his job as he’s forced to clarify Irish border comments December 11, 2017 Brexit secretary David Davis has said his job doesn’t require intelligence or knowledge, while clarifying comments he made yesterday that appeared to undermine the strength of the critical agreement reached on Friday. “What’s the requirement of my job?” he asked LBC’s Nick Ferrari this morning. “I don’t have to be very clever. I don’t have [...]
Champions League last 16 draw: Chelsea v Barcelona, Tottenham v Juventus, Man Utd v Sevilla, Man City v Basel, Liverpool v Porto, Arsenal v Ostersunds December 11, 2017 Chelsea will play Barcelona in the last 16 of the Champions League after they were handed the toughest draw of the five English teams. Tottenham face last year’s runners-up Juventus, Manchester United meet Sevilla, Manchester City will play Basel and Liverpool have been drawn against Porto. In the Europa League, Arsenal are to meet Swedish [...]
Bitcoin futures price (XBT) soars above $18,000 on Cboe market debut December 11, 2017 Bitcoin’s futures market debut went off with a bang late last night with the cryptocurrency surging more than 20 per cent and crashing the exchange’s website. Chicago’s Cboe Global Markets’ website went down twice due to heavy traffic as the price of the January bitcoin contract rose from an opening price of around $15,000 to [...]
Labour plans to move the Bank of England to Birmingham: Lord Adonis gives John McDonnell’s idea the thumbs-up December 11, 2017 Influential peer Lord Adonis has backed a suggestion from John McDonnell that the Bank of England move to Birmingham. The Bank of England has been based in London for more than 300 years. However, Labour’s shadow chancellor has concluded the bank’s current location is “unsatisfactory and leads to the regions being underweighted in policy decisions”. [...]
Investec has warned exposure to Poundland owner Steinhoff could hit profits December 11, 2017 Investec has warned its exposure to troubled South African retail giant Steinhoff could knock as much as three per cent off its profit. In a statement aimed at quelling fears from investors, the lender said its exposure to scandal-hit Steinhoff, whose shares collapsed last week after its chief executive resigned, represents a “small portion” of [...]
British Gas owner Centrica launches Spirit Energy with Bayerngas Norge | City A.M. December 11, 2017 Centrica has launched a new company as a jont venture with Norwegian energy firm Bayerngas Norge. Spirit Energy, an exploration and production (E&P) company, is the result of a combination of Centrica’s E&P business and Bayerngas. Former shareholders in Bayerngas now own 31 per cent of the newly formed company and Centrica owns the other [...]
As Jo Johnson proposes two-year degrees, it’s right that students should be treated like consumers December 11, 2017 A comedian once remarked that Jo Johnson, the universities minister, looked as if a wizard had waved his wand over Boris Johnson with the incantation “be slightly more attractive”. This may be unkind to the Johnson brothers, but the younger (Jo) is certainly emerging as the rather more interesting of the two. Boris is better [...]
City job vacancies grow as employers try to tempt wary workers to new jobs with higher salaries December 11, 2017 The number of available jobs in the City rose last month as firms in the Square Mile continue to offer higher salaries to try to tempt wary workers to move jobs. Vacancies for City jobs rose by five per cent during November, according to data from recruitment firm Morgan McKinley. The November bump comes after [...]
DEBATE: Should toy advertising avoid gender stereotypes this Christmas? December 11, 2017 Should toy advertising avoid gender stereotypes this Christmas? Christi Tronetti, marketing director at creative transformation agency isobel, says YES. “Sparkle”, “magic”, “glitter”, “princess” and “beautiful” are still some of the most common words in girls’ advertising. For boys, the list includes “adventure”, “battle”, “power” and “awesome”. The way the ad industry communicates with children is [...]
UK pledges £18m towards World Trade Organization schemes to help world’s poorest countries through trade December 11, 2017 The international trade secretary will today announce £18m worth of financing to help 51 of the world’s poorest countries “trade their way out of poverty”, as part of a post-Brexit vision for inclusive global trade. The Department for International Development funding will help countries to “produce products fit for export, trade more easily across borders [...]