London mayoral election 2016: Ukip accuses business groups of “laziness and inertia” after not including pro-Brexit mayoral candidate Peter Whittle in business hustings March 10, 2016 Ukip has accused Britain's biggest business groups of "laziness and inertia" for not including the eurosceptic party's candidate for mayor of London in a major hustings event. Peter Whittle, the Ukip candidate to replace Boris Johnson as mayor of London, was not invited to take part in the London business mayoral hustings tonight, jointly organised by the Confederation [...]
Aldermore chief executive Phillip Monks says the challenger bank has “plenty of headroom” to grow after posting 88 per cent surge in profits March 10, 2016 Shares in Aldermore Group are down by more than one per cent this afternoon, after spiking earlier today on the news that the British challenger bank had reported a better-than-expected 88 per cent jump in profit for 2015. The bank's chief executive, Phillip Monks, told City A.M. that while the share price moves were "perhaps a little [...]
What does the latest forecast mean for Osborne’s budget? March 10, 2016 Following David Cameron and George Osborne's failure to extend Sunday trading laws, more bad news has arrived in the form of the ICAEW's economic forecast which could spell trouble for Osborne's Budget proposal next week. ICAEW's forecast has UK companies investing less this year due to declining business confidence, volatile global financial markets and a fall in [...]
Labour MP Dan Jarvis sets out vision for Labour as speculation of leadership mounts March 10, 2016 Backbench Labour MP Dan Jarvis, who is speculated to be a potential challenger to Jeremy Corbyn, has laid out his vision for the British economy today. The speech has been touted as start of Jarvis' bid for the Labour leadership. Giving a speech at the think tank Demos, the former paratrooper argued that New Labour failed [...]
Netflix and other binge-watching might be making you unhappy and unwell according to new study March 10, 2016 Self-confessed binge-watcher? All those hours sat in front of House of Cards, Breaking Bad and Orange is the New Black could be making you ill, a new study has warned. The addictive way we watch Netflix, box-sets, stacked series linked shows is being linked to poorer mental and physical health. It is, according to researchers from the [...]
Mystery private collector is buzzing after spending nearly £500,000 on a stamp at antiques retailer Stanley Gibbons March 10, 2016 Good news for those who invest in rare relics – the market for antiques is looking pretty lucrative after up-market collectible seller Stanley Gibbons sold a rare stamp for almost half a million pounds to a private collector. The £495,000 stamp, a "Plate 77 Penny Red", is one of only five in the world of philately, including one in the [...]
City A.M. joins the Lord Mayor and finance bosses at Mansion House to plan City Giving Day 2016 March 10, 2016 Leaders from over 60 City businesses joined the Lord Mayor for breakfast at Mansion House to hear why, when and how they should take part in City Giving Day 2016 this September. Lord Mayor Jeffery Evans sat down with senior execs from bank Credit Agricole and City A.M.'s resident grandee Lawson Muncaster in a bid to [...]
Crossrail 2: The north-east to south-west line gets thumbs up from Lord Adonis who says it will keep London moving so “we should get on with it right away” March 10, 2016 Crossrail 2 was given a thumbs up by an independent body today, leading businesses to urge the chancellor to press ahead with the project. London needs Crossrail 2 as quickly as possible as the capital will "grind to a halt unless significant further improvements are made" to London's transport capacity, Lord Andrew Adonis has warned. Commenting [...]
UK house prices: Service charges for new-build properties are double those of older homes March 10, 2016 Service charges on new-build properties have been dubbed a "hidden cost" that have reached an average of £2,777, according to a new survey by the insurer Direct Line for Business. This cost is 96 per cent higher on new-build properties than the average annual property service charge in Britain, which is £1,863. The survey also shows some 33 [...]
Atlantic Petroleum sold its one of its businesses for one Norwegian Kroner or 10p March 10, 2016 Atlantic Petroleum, which is based in Denmark's Faroe Islands sold its Norwegian business to start-up M Vest Energy for one Norwegian krone, or 10p. That's roughly equivalent to the cost of a "bag for life", a chew sweet or an onion. The company said it will be forced to take an impairment charge of around £15.5m [...]