Donald Trump praises “wonderful” Mexico… then insists it will pay for border wall September 1, 2016 US presidential candidate Donald Trump has said Mexico will pay for a border wall between the two countries “100 per cent”. The statement came hours after the Republican nominee met with Mexican President Enrique Pena Nieto. The Mexican leader, however, said that during their meeting he had made clear his country would not be paying [...]
From smartphones to smart homes: O2 launches subscription connected home service September 1, 2016 O2 is going from smartphones to smart homes with the launch of a new service that will let users operate their heating and lighting from their mobile. O2 Home will also offer connected plugs to control any device, cameras, intruder alarms and more all controlled via an app from whereever you are and which can react to your return home [...]
Back to school: From Postcapitalism to The Silk Roads, these are the business books you need to read this year September 1, 2016 Schools are returning and the City is beginning to wake up after the summer – but have you finished your holiday reading list? Whether you're returning from a summer break or just quickly boning up before school starts, here are the five business books you should have read this summer: 1. Shoe Dog: A Memoir by the Creator [...]
WhatsApp only SIM card comes to the UK September 1, 2016 Telecoms startup FreedomPop has launched the first ever WhatsApp only mobile SIM in the UK. The SIM card gives free, unlimited data when using the popular Facebook-owned messaging app and offers an additional 200 megabytes of general data, as well as 100 voice minutes per month. Earlier this week FreedomPop made headlines when Russian billionaire [...]
Jeremy Corbyn’s traingate tiff with Virgin East Coast over lack of seats put transport issues on the map September 1, 2016 The bizarre story of Jeremy Corbyn’s attempt to find a seat on a Virgin East Coast service to Newcastle has dominated the news agenda over the past week. Corbyn initially released a video in which he claimed he was forced to sit in the corridor due to overcrowding, while Virgin released CCTV images which it said [...]
Sadiq Khan made big promises on becoming London mayor, he now needs to deliver tangible results for Londoners September 1, 2016 London mayor Sadiq Khan is undoubtedly a strong campaigning politician. It scooped him the top slot in City Hall after all. However, Khan runs the risk of seeming detached from the needs of Londoners. Some companies that deal with him say he appears disengaged and point to his love of photo opportunities and a schedule [...]
City Moves for 1 September 2016 | Who’s switching jobs September 1, 2016 Knight Frank Knight Frank residential development has appointed Tom Hawkins as partner in its new homes team. Tom joins the firm from Hamptons International, where he worked for 10 years and latterly ran the new homes sales team. Tom previously led the sales of Portobello Square, W10, Aberfeldy Village, E14, and Rathbone Market, E16 – the [...]
Why the “outmoded” licence fee should be dropped – for the sake of customers and the BBC September 1, 2016 The BBC licence fee should be abolished for the good of customers and the corporation itself, a new report out today argues. The Centre for Policy Studies (CPS) paper said the government had missed an opportunity for serious reform in its charter review earlier this year. The report, authored by Martin Le Jeune, argues for [...]
More than half of small businesses say the National Living Wage has hit profits September 1, 2016 More than half of small businesses say they have reduced profitability or simply absorbed the costs of the new national living wage. A June survey of more than 1,000 small businesses found that 59 per cent had swallowed the impact of the rise in minimum salary. A further 35 per cent said they had increased [...]
Star fund manager Neil Woodford lambasts “frustratingly rife” short-termism in the City September 1, 2016 Legendary fund manager Neil Woodford has condemned “frustratingly rife” short-termism in the City, lending his support to a stinging criticism of executive pay levels and a failure of investors to hold management teams to account. The founder of Woodford Investment Management has bemoaned fund managers who “do not behave or think like owners, because they [...]