Deutsche Bank has a few ideas for Theresa May’s new industrial strategy August 25, 2016 One of the world's top investment banks has called on Theresa May to embrace a new industrial strategy and help revive British manufacturing to its former glory. Chief economists at Deutsche Bank have put together a dossier for the new Prime Minister on how she can make the most of the post-referendum opportunities, to pull [...]
EU responds to US treasury complaints over commission investigation into tax arrangements August 25, 2016 The EU has brushed off complaints from the US Treasury about its investigations into tax deals between companies like Apple and McDonald's and member states. The US Treasury published a white paper yesterday in which it attacked the EU's tax probes, arguing that they will create an "unfortunate" precedent in international tax policies and leave [...]
Before the bell: What you need to know before the US market open August 25, 2016 Jackson Hole – the annual US economic symposium – is now underway with market watchers keenly awaiting clues on a September Fed rate hike. Here's what you need to know before the US market open at 2:30pm London time. US markets are not looking perky ahead in the pre-market. The S&P is off by 0.24 [...]
Pizza Express revenues up but struggles to keep same slice of the UK casual dining market August 25, 2016 Pizza Express posted robust revenue growth today but the casual dining group struggled to maintain its slice of the UK eating-out market. The figures Turnover grew by 14 per cent to £488m in the year ended 26 June, up from £423m in 2015. In the UK and Ireland like-for-like sales were down by 1.3 per [...]
Senior Tory Andrew Tyrie is pressuring chancellor Philip Hammond to reinstate Budget fairness scores August 25, 2016 Treasury Select Committee chair Andrew Tyrie is pressuring the chancellor Philip Hammond to reinstate reports on how the poor are affected by the government's Budgets. For the five years to 2015, the Treasury included “distribution analysis” in its Budget documents, which revealed how changes to tax, welfare and public spending impacted people in a range [...]
Two groups of rival EU protesters are set to clash outside parliament in just over a week August 25, 2016 Rival protesters are set to clash in London early next month when the campaign group March for Europe stages a second anti-Brexit demonstration in Westminster. The group's last protest in July saw thousands of marchers take to the streets in the aftermath of the UK's vote to leave the EU. And now demonstrators will return on [...]
Playtech’s share price and market capitalisation jump as group treats investors to €150m special dividend August 25, 2016 Gambling software group Playtech's share price popped to a record high this morning after it announced it will treat shareholders to a bumper €150m (£128m) special dividend. The figures Playtech said it will make the payout in December, though it has also hiked its interim dividend by 15 per cent to €0.11. The company said the boosts were in [...]
German and French economies enter summer slump August 25, 2016 The powerhouses of the Eurozone could be languishing in a summer slump, figures out today have hinted. Measures of business confidence in both Germany and France missed expectations this morning, denting prospects for either economy to bounce back from a growth slowdown in the run-up to the UK's EU referendum. The closely-watched Ifo survey of [...]
Now you can book an Uber in advance as Scheduled Rides comes to London August 25, 2016 Uber is shaking up the way users can order a car, expanding upon the on-demand model which first made it a hit with a new feature for scheduling journeys ahead of time. People will now be able to book a car up to a month in advance of their journey, or just 15 minutes ahead. [...]
Sadiq Khan visits Paris to secure business and tech startup collaboration with London August 25, 2016 London mayor Sadiq Khan has travelled to Paris in a bid to secure a partnership with the French capital in the aftermath of Brexit. Khan was invited to France by Anne Hidalgo, the Parisian mayor, for the anniversary of the liberation of the city from Nazi forces. City A.M. previously revealed City Hall was in talks [...]