The Bank of England has an excuse for unreliable boyfriend syndrome | City A.M. August 2, 2018 If the Bank of England does not increase interest rates today, be prepared for fresh criticism of its forward guidance. Governor Mark Carney could once again find himself labelled an “unreliable boyfriend”. But the critics sharpening their knives should pause for thought. Read more: HIKE: Economists say it is time for the Bank of England [...]
Can the City survive Brexit? Mayor of London Sadiq Khan argues the Single Market is the City’s strength as he goes head-to-head with MP Priti Patel | City A.M. August 2, 2018 Ever since the EU referendum, one of my most important jobs has been to make sure London’s voice is heard and to fight for a Brexit deal that is in the best interests of all Londoners. I’ve been doing this for more than two years now and it’s what I’m continuing to do day in, [...]
Theresa May’s leadership nightmare isn’t over and now the EU is floating an extension to Brexit talks if there’s a general election | City A.M. August 2, 2018 Theresa May heads to the fortress-turned-holiday retreat enjoyed by French Presidents this Friday at the invitation of Emmanuel Macron. Though the PM might hope for a little Mediterranean respite after the past few bruising months, she will be expecting a robust exchange with a smooth operator who has become a serious thorn in her side. [...]
Tesla shares up in after hours trading as it says it should be profitable this year | City A.M. August 1, 2018 Tesla announced revenue ahead of expectations at $4bn (£3.05bn) tonight, but its losses were steep as the electric car company continued to burn through money. It posted a loss of $742m in the three months to 30 June as its cash pile dwindled, down to $2.2bn from $2.7bn in the previous quarter. However, its shares [...]
Is the Premier League spending spree over? Transfer window alteration and broadcast revenue dip could explain expenditure | City A.M. August 1, 2018 If not quite at death and taxes levels of certainty, there has been a marked predictability about the volume of spending indulged in by Premier League clubs during every close season. Each summer for the last eight years, the total amount spent on new players during the transfer window by England’s top-division clubs has reached [...]
Facebook’s Whatsapp is about to start charging its business users | City A.M. August 1, 2018 In a bid to jumpstart revenue on the messaging service, Facebook has announced it will start charging businesses for sending marketing and customer service messages on Whatsapp. Messages will be charged at a premium to SMS rates, with a fixed rate for confirmed delivery from 0.5 cents to 9 cents (7p) per message, depending on [...]
Instagram and Facebook are introducing time limits for your social media scrolling habit | City A.M. August 1, 2018 Facebook is tackling concerns that too much social media can be bad for our mental health by implementing a few new features inside its app and on Instagram. Users will be able to view a dashboard of their activity, which will show both the average time and the daily time they’ve spent on the app [...]
Trevor Steven: Manchester United manager Jose Mourinho doesn’t need new players, he needs a better relationship with his current ones | City A.M. August 1, 2018 Jose Mourinho’s future as Manchester United manager is back in the spotlight after he complained about his players and a lack of new signings during the club’s pre-season tour of the United States, but in my view his problems lie closer to home. Think back to Leicester’s incredible Premier League triumph in 2016: what was [...]
House of Fraser’s new owner issues profit warning | City A.M. August 1, 2018 House of Fraser’s future prospects have been dealt another blow after its owner issued a profit warning, throwing its emergency funding into doubt. C.banner, the Chinese company which also owns Hamleys, issued a statement to the market today warning its profits will be lower and cancelling a planned placing due to the plunge in its [...]
It’s Tesla’s make or break time: Here’s what you need to know before tonight’s results | City A.M. August 1, 2018 Investors are waiting with bated breath to see what Tesla brings out in its second quarter earnings report tonight, as the company nears its make or break deadline. If you’ll be looking out for the results as markets close in the US, here’s what we think you might want to know about. Legal issues It [...]