Pearson share price jumps as it reveals new cost-cutting measures ahead of its AGM today May 5, 2017 Publisher Pearson has revealed new cost-cutting measures in a trading update ahead of its annual general meeting (AGM) today, sending its shares up 15 per cent. The education company, which has struggled amid a downturn in key markets, said it will reduce its cost base by £300m a year by the end of 2019. It [...]
How to make Brexit the insurance industry’s next big opportunity May 5, 2017 Singapore, Qatar, Dubai and Bermuda. Forget worrying about British-based businesses moving to EU capitals – these are the jurisdictions with which we must compete if our vital insurance industry is to thrive. Over the next two years, there is a risk that so much energy will be expended on Brexit negotiations that we will neglect [...]
With PMI surveys showing a rebound in the services sector, is it too early to call time on UK post-Brexit strength? May 5, 2017 Simon French, chief economist at Panmure Gordon, says Yes. Since last June’s referendum, the UK economy has seen a 12 per cent depreciation in the value of the pound, a loosening of monetary policy from the Bank of England, and a slowdown in the pace of government austerity. The impact of these three changes has [...]
Maro Itoje exclusive: The modest Saracens, England and British and Irish Lions megastar determined to keep his feet firmly on the ground | City A.M. May 4, 2017 Rugby’s equivalent of basketball superstar LeBron James is just one analogy aimed at, and promptly rejected by, Saracens and England powerhouse Maro Itoje, whose unceasing rise and catalogue of accolades shows no sign of subsiding. “It’s hyperbole,” Itoje tells City A.M. “Those kind of things are nice but you don’t pay too much attention to [...]
Catherine McGuinness replaces Mark Boleat as the City of London Corporation’s new policy chairman May 4, 2017 Catherine McGuinness is replacing Mark Boleat as the City of London Corporation’s new policy chairman. McGuinness, who was previously deputy chairman, will be responsible for taking a lead on policy issues affecting the UK’s financial and related professional services sector. She will also work towards ensuring the City remains a global financial centre after Brexit [...]
The energy storage sector is set to boom as growth in renewables flatlines May 4, 2017 The energy storage sector is expanding rapidly as growth in independent renewables flatlines with UK battery capacity poised to grow up to 100 times by 2020, a new report suggests. On average, 275 independent renewable projects have completed each quarter since 2013. However, in the wake of deep subsidy cuts, just 38 were completed from [...]
Could Anthony Joshua be the first billion dollar fighter? He must first follow the Mayweather model to crack America’s pay-per-view market May 3, 2017 It was the most exciting and momentous heavyweight world title bout since Evander Holyfield and Mike Tyson did battle two decades ago. That, at least, was how many pundits depicted Anthony Joshua’s dramatic defeat of Wladimir Klitschko on Saturday night. Joshua’s triumph in front of a British post-war record crowd of 90,000 fans at Wembley [...]
JP Morgan prepares to move hundreds of bankers from London in “short term”, says senior executive May 3, 2017 Wall Street bank JP Morgan is planning to move hundreds of employees from London into the rest of Europe in the “short term” as it prepares for the UK to leave the Single Market. Head of investment banking Daniel Pinto said the firm needs to be “ready for day one”, when Brexit negotiations between the [...]
The EU and Jean-Claude Juncker are scared of Brexit: It knows No Deal is better for Britain than a bad deal May 3, 2017 The leaks that have emerged from EU Commission president Jean-Claude Juncker since his dinner with Theresa May at Downing Street last week confirm what any realistic observer has known since last June. Juncker & Co are afraid. Very afraid. I can agree with the president that Theresa May inhabits a different galaxy, but he is [...]
London mayor Sadiq Khan announces London’s buses are getting Tube-style colour coding for routes to make it easier to travel May 2, 2017 Sadiq Khan plans to give London’s bus network an overhaul by colour coding the routes, similar to the Tube lines’ distinctive colours. The mayor wants to simplify the bus system with the Tube-style approach to travel, so individual routes have been given their own colour, and links to other Transport for London (TfL) services have [...]