Crystal Palace hawked for sale in £210m deal October 1, 2019 Crystal Palace are being hawked to prospective buyers in a deal which would value the Premier League football club at £210m. A document circulating among bankers and seen by City A.M. offers to facilitate the purchase of at least 75 per cent and up to 90 per cent for either a single buyer or a [...]
Transport secretary Grant Shapps: I do not know answer to HS2 cost question October 1, 2019 Transport secretary Grant Shapps has said he doesn’t know how much the controversial High Speed Two (HS2) project currently costs. HS2, which will link London to the north in stages, is currently subject to a review by former its former chairman Douglas Oakervee that could see the project significantly altered or even scrapped. Read more: [...]
Tory MP Clifton-Brown told to leave conference after ‘totally unacceptable’ altercation October 1, 2019 It’s all kicking off at the Conservative party conference. While the gloves might be off metaphorically in Westminster, in Manchester MP Sir Geoffrey Clifton-Brown was involved in a real-life altercation with a delegate this afternoon. Authorities put the press room on lock down during the kerfuffle, meaning journalists could not get to the incident, in [...]
Kwasi Kwarteng: Boris Johnson’s ‘clarity of message’ on Brexit behind Tory poll bounce October 1, 2019 Boris Johnson’s “clarity of message” has helped buoy the Tories in polls, business minister Kwasi Kwarteng has said, as he hit out at plans from opposition MPs to form an alternative government. Kwarteng, who served as under secretary of state for the Department for Exiting the EU under Theresa May, told a fringe event at [...]
Ex-London mayor Boris Johnson blames successor Sadiq Khan for fuelling Arcuri claims October 1, 2019 Boris Johnson has blamed London mayor Sadiq Khan for fuelling allegations about his relationship with businesswoman Jennifer Arcuri. The Prime Minister is facing claims that he offered Arcuri favourable treatment while he was mayor of London, allowing her to accompany him on high-profile trade missions and receive £126,000 in public money – privileges she allegedly [...]
Sales growth slows at Greggs as it warns of increased Brexit costs October 1, 2019 Sales growth at bakery chain Greggs slowed in the third quarter as it warned of tough comparatives and increased input costs because of Brexit. Greggs today posted a sales increase of 12.4 per cent for the 13 weeks to 28 September. Read more: Greggs upgrades outlook as sales rise on vegan sausage roll success Like-for-like [...]
Credit Suisse operating chief resigns after botched spying investigation October 1, 2019 A top executive at Credit Suisse has resigned today following a botched spying scandal that has rocked the world of Swiss banking. Chief operating officer Pierre-Olivier Bouee has stepped down after an internal probe found that he alone initiated surveillance of the bank’s former head of wealth management. Read more: Activists circling Metro Bank Tidjane [...]
Competition watchdog ploughs ahead with investigation into JD Sports’ Footasylum takeover October 1, 2019 Britain’s competition watchdog has decided to plough ahead with an investigation into JD Sports’ £90m takeover of Footasylum. The Competition and Markets Authority (CMA) has referred the deal to an in-depth probe amid concerns that it could potentially result in higher prices and less competition. Read more: CMA warns that JD Sports deal with Footasylum [...]
Tax cuts, not just increased costs, should be on Chancellor’s agenda September 30, 2019 Sajid Javid acknowledges that he is in no small part a product of the City’s big bang. Faced with closed shops in some of the more traditional banks, this British-Asian outsider worked his way up the chain first in an American bank and then in a German one. Many in the Square Mile reckoned they’d [...]