Italian PM says David Cameron was wrong to hold EU referendum September 29, 2016 The Italian Prime Minister has blamed David Cameron for losing the EU referendum this morning, but called on the EU and the UK to remain "best friends" after Britain formally leaves the bloc. Matteo Renzi also told the BBC he expects exit negotiations between the two sides to be a "very difficult process" which must be started [...]
Spotify in advanced talks to buy Soundcloud according to reports September 29, 2016 Music streaming giant Spotify is in advanced talks to buy Soundcloud, according to reports. The Financial Times reported that sources said it was unclear how much Spotify would pay for the Berlin-based streaming company, and warned that the discussions could still collapse. Twitter recently bought a stake in Soundcloud with a $70m (£54m) investment. And in May this [...]
Sir Bernard Hogan-Howe to retire as Metropolitan Police commissioner September 29, 2016 Britain's most senior police officer is to retire after five years in the post, Scotland Yard said today. The Metropolitan Police Service (MPS) said its commissioner, Sir Bernard Hogan-Howe, who oversees 32,000 police offers, will stay in his post until February next year to allow for a successor to be appointed. During his time in office, Hogan-Howe [...]
Air Partner’s share price leaps after it nets bumper half-year results September 29, 2016 Air Partner's share price jumped nearly 10 per cent this morning after revealing that flying Premier League stars across the globe had helped grow half-year profits by a third. Contracts with Real Madrid, Manchester City and Leicester City, as well as an increase in business during this summer's football European Championships – where it flew four of the teams including France – led [...]
Rush hour travel disrupted by delays on the Central Line September 29, 2016 Commuters are facing delays during rush hour this morning due to delays on the Central Line. Transport for London said there are severe delays between Leytonstone and White City westbound, and minor disruption on the rest of the line. According to TfL, the delays were caused by a signal failure at Stratford. https://twitter.com/centralline/status/781386786853515264 Central Line staff on Twitter advised commuters [...]
City A.M. Unregulated podcast: How to make it big in craft beer September 29, 2016 Drinking caps on: it's time to talk about craft beer. This week we're joined by the people in charge of getting craft beer brands in front of consumers: David Voxlin from Craved London and Fraser 'Jam Boy' Doherty, who co-founded Beer 52, talk about the rise and rise of craft beer and what they look for in [...]
Competition and Markets Authority to investigate price comparison websites September 29, 2016 The UK's competition watchdog is launching a wholesale review into price comparison websites to investigate how they make their money and whether they really do help consumers get the best deals. The Competition and Markets Authority (CMA) announced the review this morning – the latest in a long-line of high-profile probes the body has conducted including [...]
Merlin Entertainments reports 1.3 per cent growth in revenue for year to date despite dip in midway attractions September 29, 2016 Merlin Entertainments has reported a 1.3 per cent increase in revenue for the 38 weeks to 17 September, helped by a recovery in trading at Alton Towers. Shares in the company dropped by 5.1 per cent this morning after the company published its latest trading update. Earlier this week the firm was fined £5m over a [...]
British SMEs should focus their attention to America post-Brexit September 29, 2016 Ambitious British small and medium-sized enterprises (SMEs) are taking advantage of the post-Brexit climate by exporting more than ever, according to research from Enterprise Nation. One in five SMEs are now exporting, and out of those who started to do so in the last six months, 91 per cent expect to grow in the next [...]
Do business leaders need to be likeable to succeed? September 29, 2016 In a pivotal debate during the 2008 Democratic presidential primaries, Hillary Clinton was told that, unlike her opponent Barack Obama, she was “not likeable”. Obama couldn’t resist a cheeky retort. “You’re likeable… enough”, he said. And the rest is history. Eight years on and little has changed – Clinton still has a likeability problem. She is [...]