Here’s why parts of London’s prime rental market have been boosted by Brexit vote August 3, 2016 Data released today suggests that there are sections of the prime rental market in central London that have benefited from Brexit. According to data from London estate agents Portico, rent prices for two-bed properties in Kensington and Chelsea have gone up by 0.4 per cent from May to July. The average rental price for a [...]
US rival pulled out of London Stock Exchange bid because it expected Brexit vote August 3, 2016 The owner of the New York Stock Exchange pulled out of a bid for the London Stock Exchange because it was anticipating a Brexit vote, the company has revealed. The Intercontinental Exchange (ICE) announced it would not be making a bid for the LSE, which is currently in the process of merging with German exchange [...]
This might be the reason HSBC’s shares are up despite profits going down August 3, 2016 HSBC did not perform particularly well financially during the first half of 2016, revealing this morning that pre-tax profits dropped 29 per cent. The picture was even bleaker on a quarterly basis, where profits plunged 45 per cent, failing to meet analysts' already glib expectations of a 40 per cent drop. However, there was some [...]
This Olympic athlete racked up a huge bill because of Pokemon Go August 3, 2016 Athletes might be limbering up for the biggest sporting event of the year in Rio, but that's not stopping them from playing the biggest (non-sporting) game of the year in their down time. And one Olympic gold medal-winning gymnast has been so enamoured with Pokemon Go that he completely forgot the extra cost he might incur [...]
Ukip’s ruling committee “is not fit for purpose” says Woolfe as three members resign in protest over his exclusion August 3, 2016 Steven Woolfe has hit out at Ukip's ruling committee after it voted to exclude him from the party's leadership contest. Woolfe was the odds-on favourite to succeed Nigel Farage, but saw his bid blocked after paperwork supporting his campaign was submitted 20 minutes after a midday deadline. In a statement following the verdict, Woolfe said that [...]
Aggreko share price dives after “difficult” first half of 2016 but maintains full year forecasts August 3, 2016 Shares in temporary power provider Aggreko dived by 15 per cent earlier today after it announced that profits for the first six months of 2016 were down nearly a third on the previous year. The figures Although revenues were down 12 per cent at £685m, trading margin plummeted from 15 per cent to 11 per cent (pre-exceptionals). Profit before [...]
Boxer David Haye is the latest famous face investing in a startup August 3, 2016 The boxer David Haye is the latest famous face to get into the venture business, investing in recruitment startup Syft. Heavyweight Haye has joined VC firm Profounders Capital, Lord Young – David Cameron's former enterprise adviser – and other entrepreneurs, to invest seed stage cash of £2.65m in the startup. Syft is aimed at making it easier to recruit temporary staff [...]
Arron Banks blasts Ukip’s “insane” decision to exclude Steven Woolfe from the race to succeed Nigel Farage as party leader August 3, 2016 Ukip donor and Leave.EU founder Arron Banks has hit out at the party after it decided to bar migration spokesman Steven Woolfe from running in a leadership contest, warning it raises "fundamental questions" about the future of the party. Woolfe was excluded earlier today following a vote of Ukip's National Executive Committee, after he submitted paperwork for his [...]
Ukip leadership favourite Steven Woolfe excluded from contest to succeed Nigel Farage August 3, 2016 The favourite to succeed Nigel Farage at the top of Ukip is to be excluded from the party's leadership contest. Ukip migration and financial affairs spokesman Steven Woolfe submitted documentation in support of his campaign 20 minutes after a Sunday midday deadline, with officials on his campaign blaming technical difficulties. Candidates were required their application [...]
Saatchi ad boss Kevin Roberts resigns after gender row August 3, 2016 One of advertising's top bosses has resigned after a storm surrounding comments he made about women working in the industry. Saatchi and Saatchi chairman Kevin Roberts, who had been put on a "leave of absence" by the agency's owner Publicis Groupe, has said he will leave the company at the start of September. He had planned to retire in May [...]