Unfazed Bank of England to carry on with billion-pound bond purchases despite setback August 10, 2016 The Bank of England is pushing ahead with its bond-buying programme as planned despite yesterday's stumble. Threadneedle Street was unable to find enough bond sellers on the open markets for its planned purchases yesterday, coming up £52m short of its target in a £1bn-plus operation. This morning the Bank confirmed it will continue with today's asset purchases, [...]
A survey of student satisfaction levels has just found London students are the most miserable August 10, 2016 NULL
One of the UK’s most senior political journalists is moving into government August 10, 2016 New culture secretary Karen Bradley has recruited The Sun's chief political correspondent to serve as a special adviser. Craig Woodhouse confirmed his move to the Department of Culture, Media and Sport on Twitter earlier today. After 11 wonderful years on Fleet Street it's time for something new. Hugely excited to be joining @DCMS as special [...]
Brazilian Senate votes to open impeachment trial against President Dilma Rousseff August 10, 2016 The Brazilian Senate has voted to open an impeachment trial against suspended President Dilma Rousseff. Rousseff was suspended in May over alleged accounting discrepancies. She is accused of breaking Brazil's budget laws by implementing government spending without approval from Congress. Her opponents state she used unauthorised loans from state banks to improve the economic picture [...]
The train journey between London and Norwich is about to get faster, with a £1bn order for new trains August 10, 2016 The crawl between London and Norwich is about to be turbo charged (or at least get a little speedier), after the government gave the East Anglia rail franchise back to Abellio. In a statement today the government said its decision will cut travel times between Liverpool Street and Norwich, Cambridge and Peterborough by an average of [...]
Vendors trying to shift property after the Brexit vote have cut prices by nearly 10 per cent in some parts of London August 10, 2016 Vendors trying to shift their property in the aftermath of the Brexit vote and stamp duty changes are cutting prices by nearly 10 per cent in some parts of London. Data from Zoopla shines a light on just how many houses have had their prices reduced, and by how much. Read more: Here's everything you need to [...]
Nice pay day for Paysafe as revenue more than doubles August 10, 2016 Paysafe shares opened up this morning after the company announced revenue rocketed during its first six months of 2016. The figures The payment solutions maverick revealed revenue for its first half of this year had increased to $486.7m (£373.2m), up 118 per cent compared with $223m the year before. Meanwhile, profit before tax increased to [...]
G4S revenue inches up as profit and earnings increase August 10, 2016 Shares in outsourcing firm G4S have shot up by over 17 per cent after the company reported an uptick in earnings and revenue for the six months to 30 June. The figures Revenue was up to £3.53bn from £3.42bn in the first half of 2015. Profit before tax rose to £115m from £80m last year, and earnings [...]
M&S pay row intensifies as workers and management engage on proposals this week August 10, 2016 M&S management are set to respond to staff concerns about cuts to premium pay this Thursday, City A.M. understands. M&S are planning to remove extra pay for employees working on Sunday and have been hearing alternative proposals from staff as part of an ongoing consultation. Read more: M&S accused of threatening to sack staff who reject [...]
Peppa Pig maker Entertainment One has turned down a £1bn takeover offer from ITV August 10, 2016 The firm behind the hugely successful children's TV show Peppa Pig has rejected a £1bn takeover bid from ITV. In a stock exchange announcement this morning, Entertainment One (EOne) said that the offer of 236p per share “fundamentally undervalues” the company, adding that its board had unanimously rejected the bid. Read More: Peppa Pig maker snorts [...]