Austria’s Chancellor tells Theresa May to avoid a ‘hard Brexit’ | City A.M. July 28, 2018 Austria’s chancellor Sebastian Kurz has told Theresa May it is important the UK avoids a hard and disorderly Brexit as the prime minister continued her charm offensive on EU member states. In a trip to Salzbug, May held talks with both Kurz and the Czech prime minister Andrei Babis to sell the appeal of trading [...]
Opinion: Why residential developers are coming around to the idea of building primary schools | City A.M. July 27, 2018 We’re midway through exam results season and school catchment areas are thrown into the spotlight once again. It is no secret that primary schools have struggled in recent years to accommodate growing numbers of children after a spike in the birth rate resulted in catchment areas around popular primary schools to shrink dramatically. This is [...]
Cleverbox Radios is bringing retro back with digital tech, says founder Neil Johnson | City A.M. July 27, 2018 Sunday morning, feet up, reading the paper, listening to Desert Island Discs on Radio 4. It’s the antidote to smartphone culture and not just among older people. “Buying the Sunday papers should have died out, it’s insane, but thirtysomethings are creating this nostalgic bubble,” says former ad-man Neil Johnson. We often hear how the crackle [...]
New homes: Here are the new developments going on sale in London this weekend | City A.M. July 27, 2018 Our pick of the new developments on sale now Bishops Gate, Fulham From £625,000 A gated mews development next to Bishop’s Park is on sale, with a three bedroom duplex apartment for prospective buyers to peruse. The nine hectare green space is home to Fulham Palace, tennis courts and gardens and is also the setting [...]
London powers ahead in ranking of best cities for electric vehicle infrastructure | City A.M. July 27, 2018 London has been revealed as the best city for electric vehicle (EV) charging points, beating environmentally conscious cities such as Oslo and Berlin. Online rental company Spotahome analysed 89 global cities and found the UK capital to be the best for electric vehicle infrastructure. In the UK, London has sailed ahead of Manchester, ranked 18th [...]
Twitter’s share price plunges as Jack Dorsey pledges to make platform safer as user numbers drop by a million | City A.M. July 27, 2018 Twitter’s share price plunged more than 20 per cent today, wiping billions off the market valuation, after the social media platform admitted it had lost more than a million users. The figures Twitter’s second quarter revenues were up 24 per cent to $711m, ahead of expectations of $697.3m. Net income swung to a profit of [...]
Time to admit that ‘progressive’ sin taxes clobber the poor far more than the rich | City A.M. July 27, 2018 In these strange days, when communism is hip and printing money is seen as wealth creation, no economic fact is so basic that it can be taken for granted. Take regressive taxation, for example. It is a simple concept with a straightforward definition. If a tax takes a greater share of income from the poor [...]
Reckitt Benckiser share price leads FTSE 100 as Mead Johnson acquisition pays off | City A.M. July 27, 2018 Consumer goods firm Reckitt Beckiser raised sales guidance this morning, as it unveiled unexpectedly strong performance in its recently acquired nutrition business. The firm received final approval for its acquisition of Mead Johnson, which makes infant formula brand Enfamil. But it has exceeded expectations in the year since then. The group was leading the FTSE [...]
Pearson profit bolstered by sale of English-language unit as it eyes return to growth | City A.M. July 27, 2018 Profits before tax at Pearson increased to £202m for the first half of this year as the educational publisher said it was on track to return to profit growth later in the year. The figure is an improvement on the £10m loss it made last year. However, Pearson’s total adjusted profits for the first half [...]
Rightmove profits climb despite competition from property portal rival OnTheMarket | City A.M. July 27, 2018 Property giant Rightmove reported a 12 per cent rise in profit in the six months to June, hitting a record number of prospective buyers visiting its online platform. However, shares fell more than three per cent in early morning trading. Pre-tax profit rose to £98m in the first half of the year and revenues climbed [...]