Hong Kong food giant Lee Kum Kee could be buying London’s Gherkin skyscraper May 18, 2017 A Hong-Kong based food giant is mulling a bid to buy the City’s Gherkin tower. Lee Kum Kee, which sells oyster sauces and condiments, has approached the Brazilian owners of the group about snapping up the skyscraper. The group is considering an offer for at a yield of less than four per cent and is [...]
LightwaveRF share price jumped 77 per cent on Google Assistant launch May 18, 2017 Smart home tech firm LightwaveRF’s share price soared today after revealing its entire product range had been added to Google Home’s voice controlled Google Assistant. Shares in the Aim listed group climbed as much as 77.4 per cent mid-morning, dropping back to 54 per cent at pixel time. Read more: Now you can do your [...]
Crossrail 2 could be derailed by the General Election as approval is left to next government and Conservatives leave it out of their manifesto May 18, 2017 The future of Crossrail 2 could be pushed off track by the General Election, as the government does not intend to give the £30bn project’s business case the go-ahead by the end of this month. The Conservatives also left out any mention of a commitment to the project in today’s manifesto. Crossrail 2 boss Michele [...]
City A.M. Unregulated podcast: How to be an email hero – learn to write great marketing emails and clean up your inbox in the process May 18, 2017 Lost control of your inbox? Getting pathetic responses to your marketing emails? The City A.M. Academy for People Who Can’t Email Good is here to help. We’re joined this week by Martin Perry, the man behind Taming Your Inbox, and Jon Buchan, the founder of Charm Offensive, to talk everything email, from getting on top [...]
Why the vaping industry is ready to send Brussels’ ill- conceived red tape up in smoke May 18, 2017 The 8 June is clearly going to be the date at the forefront of everyone’s mind over the coming weeks. But there’s another date soon upon us that has huge ramifications for the UK’s 3m vapers and the vaping industry. On 20 May, the next phase of the EU’s Tobacco Products Directive (TPD) takes effect. [...]
Theresa May launches her manifesto by claiming that Brexit could define the UK’s future May 17, 2017 Prime Minister Theresa May will tomorrow reveal her first manifesto as Conservative leader with a warning that Brexit could define the UK’s future. Launching her election plans, she will say the next five years are the most challenging for a lifetime. “Brexit will define us: our place in the world, our economic security and our [...]
Lehman Brothers creditors should share extra £5bn in interest payments, Supreme Court rules May 17, 2017 The UK’s highest court today ruled that claimants against the main European arm of Lehman Brothers should receive at least £5bn in interest payments. All original claims, totalling around £36bn, have been paid out by Lehman Brothers administrator PwC. The Supreme Court today said that the creditors, largely made up of hedge funds, should receive [...]
Leicester City owners agree to buy Belgian club OH Leuven as football’s multi-ownership trend grows May 17, 2017 Leicester City have become the latest English team to gain a sister club after owners after King Power completed the purchase of Belgian side Oud-Heverlee Leuven. The Foxes’ Thai owners have signed an agreement to buy the Belgian second division club once due diligence is completed, although it is not clear what future relationship the [...]
British employment reaches record high as jobless rate falls to lowest since 1975 May 17, 2017 The level of people in employment in the UK reached a new record high in the first quarter of the year as unemployment hit its lowest since 1975. Unemployment in the UK fell to 4.6 per cent in the first quarter, according to the Office for National Statistics (ONS). The total proportion of people employed [...]
Lloyds Bank share price rises as the government sells its final stake May 17, 2017 The government has sold its final stake in bailed-out lender Lloyds Bank, with the exchequer receiving £900m more than its original investment nine years ago. The Treasury put in £20.3bn to save the ailing bank at the height of the financial crisis. And this morning Lloyds Bank confirmed the state’s shareholding had been reduced to [...]