City of London cuts Brexit job loss estimate | City A.M. August 1, 2018 The City will lose as few as 5,000 jobs because of Brexit – far lower than originally feared – according to an estimate by the City of London Corporation due to be released in September. The internal report, shared ahead of time with politics specialist Politico, suggest the City of London Corporation has rowed back [...]
The taxman should go easy on people who take advantage of pension freedoms | City A.M. August 1, 2018 Britain’s demographic timebomb threatens to send the national debt soaring in coming decades, as an ageing population takes its toll on our fiscal health. Even now, with government under pressure to pledge billions of extra pounds for the NHS, the Treasury is in desperate need of finding a few extra bucks. Thus there was some [...]
Apple smashes expectations in third quarter results | City A.M. July 31, 2018 Apple beat Wall Street expectations for its third quarter (Q3) results tonight, delivering revenue of more than $53bn (£40.4bn). Its revenue for the quarter was $53.3bn and its profit was $2.34 per share, outstripping predictions of $52.3bn and $2.18 per share. A higher average selling price for its iPhone helped to drive the impressive numbers. [...]
What are the European Championships 2018? New competitions includes athletics, cycling, gymnastics, swimming, diving, rowing, triathlon and golf | City A.M. July 31, 2018 You could be forgiven for not knowing it, but a major new international multi-sport event featuring some of the stars of the Olympics gets underway in the UK this week. It’s called the European Championships – a title that sums it up accurately while offering few clues as to what it actually is. The European [...]
Calls to give City watchdog sharper teeth after fury at lack of action on RBS GRG | City A.M. July 31, 2018 The government is facing calls to beef up the powers of the Financial Conduct Authority (FCA) after the regulator revealed it will take no action against Royal Bank of Scotland (RBS) following the scandal over its treatment of customers in the now notorious global restructuring group (GRG). The City watchdog took legal advice which found [...]
FAANGs out: Tech stocks open on a positive note after a bumpy earnings season | City A.M. July 31, 2018 Wall Street’s top tech stocks group have taken big hits this earning season, causing a stark difference in share prices across the board. However things seemed to pick up as markets opened in the US this afternoon, as falling prices pulled back on a bad week. The so-called FAANGs group – consisting of Facebook, Apple, [...]
Wetherspoon’s will slash the price of food and drink for a day to protest tax burden on pubs | City A.M. July 31, 2018 Pub chain JD Wetherspoon has announced that it will hold another “Tax Equality Day”, reducing the price of all food and drink to protest VAT. Spearheaded by founder Tim Martin, the protest calls on the government to lower the tax burden on the hospitality industry. Food in pubs is subject to 20 per cent VAT, [...]
AirPods, iPhones and Apple Music: Here’s what to expect from Apple’s results out tonight | City A.M. July 31, 2018 Apple’s so-called boring quarter could prove to be not so dull, with the whole world watching to see signs of new tech products and a potential share price boost that could make it the first US trillion-dollar company. The springtime months are often Apple’s lowest in terms of iPhone sales as everyone holds off in [...]
Argos has accidentally leaked DJI’s new Mavic 2, as new drone laws come into force in the UK | City A.M. July 31, 2018 Fresh details about DJI’s unannounced Mavic 2 drone have been printed inside an Argos catalogue, revealed as new UK drone laws today come into force. The latest version of the store’s product catalogue, which went into stores last Saturday, lists details and photos of the DJI Mavic 2, as well as the Mavic 2 Pro [...]
Scot free: City watchdogs at the Financial Conduct Authority (FCA) say they will take no action against Royal Bank of Scotland GRG | City A.M. July 31, 2018 The Financial Conduct Authority (FCA) today said it will take no action against Royal Bank of Scotland (RBS) following the scandal over its treatment of customers in the now notorious global restructuring group (GRG). The City watchdog took legal advice which found that GRG’s activities were not within its remit, ruling out any sanction against [...]