Visual vanguard: JCDecaux’s Spencer Berwin talks hawks, scaling and London’s digital landscape April 25, 2016 London's landscape is in flux. Almost 120 skyscrapers are in the pipeline, and the proliferation of bright digital billboards in train stations, roundabouts and bus shelters are transforming the capital’s aspect into something altogether more dynamic and enthralling. Outdoor specialist JCDecaux is behind this massive digital roll-out. After winning TfL’s £300m bus shelter contract last [...]
London mayoral election 2016: Labour grandee Lord Peter Mandelson urges business not to allow Zac Goldsmith to use City Hall to push the UK out of the EU April 25, 2016 The City and London’s wider business community has been urged by a Labour grandee not to allow Tory mayoral candidate Zac Goldsmith to “use City Hall as a vanguard for the Brexit campaign”. In his first intervention in the mayoral election, Lord Peter Mandelson exclusively told City A.M. that he wants to call on the business [...]
The bids are in for Yahoo, but what’s its value to Verizon, TPG and other buyers? April 25, 2016 Verizon emerged as the bidder to beat as the deadline for bids to buy Yahoo closed last week. The internet company hasn’t been able to spin-off its Asian assets – including its 15 per cent stake in Alibaba – or sell off its core business, which includes everything from search, digital content and advertising to [...]
Week ahead: Brexit expected to knock GDP and earnings April 25, 2016 Concerns over Britain leaving the European Union are expected to have weighed on gross domestic product (GDP) over the first quarter of 2016. Economists are expecting to see growth cooled to 0.4 per cent in the last three months, when the latest numbers are released on Wednesday. In the fourth quarter of last year the [...]
RBS and other UK banks facing first quarter earnings woe after US lenders posted a sharp drop in profit April 25, 2016 British banks are set to post first quarter profits this week that are weighed down by the rising risk of Brexit, bad debt, and poor investment banking performance. The difficult period has already dragged down profits at some the biggest US banks, though they largely managed to beat low estimates. Citibank, Goldman Sachs, Bank of [...]
Britain’s retailers dependent on EU for online growth April 25, 2016 The importance of the EU to the UK’s retailers has been highlighted in a British Retail Consortium report on internet searches released today. The total number of internet searches for UK retail websites was up up 52 per cent in the first quarter of 2016 compared to the same period in 2015, with 14 EU [...]
Consumer confidence the worst in London, according to report by Deloitte April 25, 2016 London consumer confidence is the lowest in the UK according to a report by Deloitte released today. Against a backdrop of falling confidence across the country, London scored the worst in the first three months of 2016 with job security confidence falling six per cent and disposable income confidence down nine per cent. According to [...]
EU referendum: British businesses press “pause button” on hiring professional talent amid Brexit concerns April 25, 2016 Demand for professional talent has slowed with recruitment firms now having just one per cent more vacancies on their books than this time last year. According to research by the Association of Professional Staffing Companies (APSCo), permanent vacancies across financial services and marketing have increased 10 per cent and 12 per cent respectively while IT and [...]
City workers want to stay in London despite bonus clampdown and the risk of Brexit April 25, 2016 Bonus restrictions and a possible Brexit have not impacted London’s appeal to financial sector workers, according to a survey by recruitment firm Astbury Marsden. The proportion of financial services workers who would consider moving to other global financial centres has fallen from 79 per cent to 61 per cent, the poll showed. Over half of [...]
Number of care homes going bust rises by more than a third in the last three years as national living wage is set to put more strain on the sector April 25, 2016 The number of care homes going bust has risen 34 per cent in the last three years, according to research by accountancy firm Moore Stephens. The report found that the government’s introduction of a mandatory national living wage from April this year is set to put more financial strain on the sector as staff costs [...]