City Pub Company says cheers to AIM listing as sales rise by a third September 16, 2016 Quaint pub group City Pub Company has announced its intention to float on the London Stock Exchange's junior market late next year, while revenues at the firm have risen by a third. The figures Sales at City Pub Company rose by 36 per cent to £12.1m in the first half of the year, up from £8.9m in the same period [...]
Shares in European lenders finish lower after Deutsche Bank is asked to pay $14bn over mortgage-backed securities claims September 16, 2016 Shares in British banks finished at the bottom of the FTSE 100 after Deutsche Bank after it admitted it had been asked to pay a massive $14bn (£10.6bn) fine by the US Department of Justice (DoJ). Shares in the lender were down 8.5 per cent at €11.99, its worst day of trading since the day after the Brexit vote, after it said in [...]
US president election 2016: Donald Trump reaches highest chance yet to be elected president over Hillary Clinton according to Betfair exchange September 16, 2016 This may not be the relaxing, light-hearted news you probably wanted to hear on a dull Friday afternoon, but Donald Trump has reached his highest chance yet to be elected president – at least according to the Betfair exchange. Trump is now trading at 15/8 odds, equivalent to a 34 per cent chance, on Betfair's [...]
RIP Grexit? Citi says it no longer believes Greece will leave the EU September 16, 2016 Remember Grexit, the EU-changing event that didn't happen before Brexit did (almost) happen? Citi, the lender whose chief economist coined the term, has said it is now so unlikely it is removing it from its baseline scenario. RIP Grexit. In a note today analysts said although bailout negotiations between Greece and its so-called troika of creditors – the [...]
The Racing Post: Exponent Private Equity clears the fence as it completes takeover of the Racing Post September 16, 2016 Exponent Private Equity dashed to the finish line yesterday at it completed the acquisition of the leading horse and sports betting publication The Racing Post. The 30-year-old newspaper, website and mobile app provides comprehensive news, race information and bloodstock data across its formats, turning it into the horseracing industry's "bible". Exponent's takeover was completed with [...]
Picks of the day: The three stories to read today September 16, 2016 It’s Friday afternoon – the weekend is only round the corner, so you’re probably trawling the internet for something to read. We’ve done the legwork for you, and put together the top three stories of the day in bite size form, just to make your life that bit easier. Check out our three at three. [...]
Everything you need to know about new Ukip leader Diane James September 16, 2016 Ukip selected Diane James as its new leader today, a businesswoman and an MEP for the South East of England. So what can we expect from Ukip's first woman leader, who calls her party a "change movement" and "the opposition in waiting"? https://twitter.com/DianeJamesMEP/status/776774306491666436 She is against access to the single market James made it clear today that she [...]
US inflation just about beat economists’ expectations last month September 16, 2016 US consumer price growth came in slightly better-than-expected last month, according to official data released today. The Labour Department said today that the consumer price index (CPI) rose 0.2 per cent last month after it remained unchanged in July. In the 12 months to August, the CPI swelled 1.1 per cent after increasing 0.8 per cent in [...]
Diane James elected the new leader of Ukip September 16, 2016 Diane James has been appointed the new leader of Ukip, taking over from Nigel Farage after he resigned in July. James will be tasked with repositioning the party now that its primary goal – taking the UK out of the European Union – has been achieved. But in her acceptance speech, James she said the party still has [...]
Open House 2016: Book up or start queuing early – here’s our pick of the landmarks to see at this year’s festival September 16, 2016 It’s that time of year again when ordinary folks like you and me are given free rein to snoop around other people’s houses. That’s right, Open House is back, a whole weekend dedicated to exploring London’s architectural gems, including famous landmarks and buildings usually closed off to the public. Explore national icons – like The [...]