Lenders buoy FTSE 100 after stress over tests fades – London Report December 2, 2015 A buoyed banking sector after passing Bank of England (BoE) stress tests yesterday pushed the FTSE 100 upwards, making up for underperforming European indices in the previous session. Financial stocks added nearly 20 points to a 39.56 point advance for the blue-chip index, which was up 0.6 per cent at 6,395.65 by the close. Barclays’ [...]
Return of the dividend: Growth might be muted in the UK, but foreign firms are paying out December 2, 2015 The UK has a very good track record when it comes to companies paying dividends. Businesses understand the importance of looking after shareholders, who in turn understand the value of either reinvesting those dividends (which account for two-thirds of total returns over the very long term) or using them to supplement an income. So it’s [...]
Three of the best business books to read this Christmas: Nothing says “glad tidings” like a book on nudge theory December 2, 2015 Whether you need help deciding how many mince pies it is optimal to eat this Christmas, or how John Lewis has survived revolutions in the retail sector, City A.M. has been compiling a list of some of the best business books to enjoy over the festive period. Here are three. THINKING IRRATIONALLY Historically, the [...]
MPs raise new concerns around the funding of local authority care provision December 2, 2015 The Public Accounts Committee (PAC) has raised concerns about the funding of local authority care services in a new report due out today. The report, which reviews how the Care Act has been implemented so far, warns that “carers and the people they care for may not get the services they need because of continuing [...]
Bank of England signals end of the financial crisis era December 1, 2015 The Bank of England has declared the banking crisis officially over, and yesterday sent Britain’s biggest lenders a dovish message on future capital requirements. Following the publication of a biannual Financial Stability Report, the UK's central bank signalled an “inflection point” that marks the conclusion of the post-financial crisis era. Bank of England governor Mark Carney said British [...]
Would you make an evening meal of it at Starbucks or Pret? No? Then how about Greggs or Subway? December 1, 2015 Starbucks and Pret a Manger have started trialling late-night opening hours, offering their customers evening menus and even serving wine and beer. YouGov assessed the attitudes and opinions of more than 60,000 consumers to evaluate whether high street coffee outlets are really an attractive venue for dinner and drinks. The blunt answer is “not yet”. Almost [...]
Bank of England to act if needed on the buy-to-let market December 1, 2015 The Bank of England (BoE) has said it’s ready to act if it feels the booming buy-to-let mortgage market is getting out of control. Threadneedle Street’s Prudential Regulation Authority said it was reviewing banks’ lending criteria. The market for buy-to-let mortgages has ballooned 10 per cent in the first nine months of this year. Although there [...]
Union mulls next move over Night Tube and worker pay following a meeting of representatives December 1, 2015 There could be further delays down the line for London's Night Tube, as RMT's general secretary Mick Cash has today revealed that representatives from the union were not satisfied with London Underground's latest offer on pay and conditions. Cash said: "The feedback from the meeting is that the offer has not matched up to the expectations of our [...]
Why Chelsea boss Jose Mourinho needs to mend his row with Diego Costa – and then try to lure Leicester’s Jamie Vardy December 1, 2015 NULL
City Moves for 2 December 2015 | Who’s switching jobs December 1, 2015 TAYLOR WESSING The law firm has appointed Emma Jordan as head of contentious trusts in its private client practice. She joins from Wragge Lawrence Graham & Co, where she was a contentious trusts and litigation partner. Jordan has a particular focus on advising and representing trustees and high net worths in litigation. LV= The insurance, [...]