London will remain a world-leading city because of its world-beating talent September 12, 2016 When people think of London, our city’s iconic buildings, red buses, black taxis, and vibrant cultural scene often come to mind. But the capital offers so much more than that, with PwC finding in a recent report that London, for the second year in a row, is the world’s number one place for companies to do [...]
Is a hard Brexit looking increasingly likely? September 12, 2016 Alex Deane, common councilman in the City of London Corporation and managing director at FTI Consulting, says Yes. Those obsessing about “the deal” we get with the European Union miss some basic truths. People and companies trade with one another, not nations. We are highly successful in economic relationships entirely without a trade deal: we have no [...]
First time buyers still waiting for Brexit boost as banks demand higher deposits September 12, 2016 The Brexit vote has not been the boon for first-time buyers many forecasters expected it might be, new analysis of prices and mortgage data has revealed. In the aftermath of the referendum, many expected house prices across the country to dip, making it easier for hard-pressed savers to get a foot on the ladder. However, [...]
Gin and wine sales sparkle as boozy Brits prop up the bar September 12, 2016 The gin and sparkling wine craze is providing a much needed boost to British pubs according to new figures released by the Wine and Spirit Trade Association. The latest WSTA Market Report reveals that in the last 12 months more than £1bn worth of gin has been sold, while sparkling wine sales in pubs, bars and [...]
Recession risks fade but Brexit still set to drag on growth September 12, 2016 Business activity rebounded in England and Wales last month, a new survey out today shows, confirming that the steep falls seen in the days immediately following the EU referendum have been reversed. The Lloyds regional purchasing managers index (PMI) found that business activity in every region of the UK except Scotland returned to growth in August. [...]
Theresa May should support migrant entrepreneurs to create more British jobs, a new report argues September 12, 2016 Migrant entrepreneurs must be handed more support by government to boost the UK after Brexit, a new report has said. A joint study by the Institute of Directors and Brazilian-born entrepreneur Rafael Dos Santos has called for more recognition of the challenges facing entrepreneurs from overseas, including a lack of recognised credit history. The report, [...]
Brexit has had little impact on the UK advertising market so far, new report shows September 12, 2016 The short-term impact of the UK’s Brexit vote on the advertising industry has not been as bad as was feared, a new report out today reveals. Zenith’s advertising expenditure report is forecasting 5.4 per cent growth this year, down 0.2 percentage points from previous estimates. Read more: Project Juno: Newspapers put aside differences for united [...]
US Presidential Election 2016: Hillary Clinton confirmed as having pneumonia after leaving 9/11 event September 11, 2016 Hillary Clinton was diagnosed with pneumonia last week, her doctor revealed tonight after the presidential candidate was forced to leave a 9/11 memorial service early because she felt unwell. The Democrat appeared to stumble as she was escorted from the service in New York by her security team and led to her daughter's apartment, close to the ceremony. She emerged [...]
Insolvency Service quizzed Chappell consultants over £1 BHS purchase September 11, 2016 The Insolvency Service has questioned two consultants who advised former bankrupt racing driver Dominic Chappell over the purchase of BHS. Stephen Bourne and Mark Tasker worked with Chappell ahead of him buying the loss-making chain for £1 from retail tycoon Philip Green. Bourne and Tasker were paid £387,500 each for advising Chappell’s Retail Acquisitions according to [...]
Raspberry Pi maker shareholders set to vote on Avnet takeover offer September 11, 2016 Shareholders in the electronics maker behind the Raspberry Pi computer Premier Farnell will vote on the 185p-per-share offer for the company today. Investors are expected to back the £868m deal, which is seen as a sign the UK’s tech industry is still attractive to overseas investors. The deal requires 75 per cent of shareholders – [...]