Who’s the fastest London Marathon runner in the City? Commerzbank may lead the pack, but City A.M.’s own runner George Reed wins the prize for dedication April 24, 2016 Financial fitness freaks can finally relax and enjoy a drink after running the Virgin London Marathon this weekend. Earlier this month we caught up with Andy Greenleaf, business developer at investment bank Julius Baer who came top of The Capitalist's City marathon league table last year. He felt confident he could beat his 2015 time of 02:21:41 [...]
Google, Apple, Samsung and Pearson among companies that could start offering low-cost degrees April 24, 2016 A white paper to be released next month could give the green light to companies including Google, Apple and Pearson to award low-cost degrees to British students. The guidance is also expected to propose that universities will be allowed to charge higher fees in line with the salaries students earn after graduating from a particular institution, reported [...]
Charles Tyrwhitt founder Nick Wheeler receives £16m payout April 24, 2016 Nick Wheeler, founder of luxury shirtmaker Charles Tyrwhitt, has received a £16m payout after his company reported stellar profits. The firm’s latest results show that in the year ending 1 August 2015, Charles Tyrwhitt’s sales were up from £145m to £173m and profits rose from £17.5m to £18.6m. In his notes to the accounts, Wheeler said [...]
EU referendum: President Barack Obama’s trade comments rubbished by Leave campaigners April 24, 2016 President Barack Obama’s claim that it could take the UK up to a decade to negotiate a trade deal with the US if it votes to leave the EU has come under fire by Leave campaigners. The US’s head of state said that it could "be five years from now, 10 years from now before [...]
Steel crisis: Government in talks with European Commission to avoid state aid clash April 24, 2016 The government is in talks with European competition regulators to avoid breaching state aid rules that could hold up attempts to rescue the UK's steel industry. The Department for Business, Innovation and Skills (BIS) announced last Thursday it would be willing to take a 25 per cent stake in Tata Steel's UK assets and offer "hundreds [...]
Deadline set for Austin Reed to find a buyer April 24, 2016 The owner of cash-strapped retailer Austin Reed is in a race against time to find a new owner after it filed a notice to appoint administrators last Friday. The filing of the notice gives the retailer 10 days of breathing space by placing a moratorium on claims by creditors. During this time it is understood that [...]
In honour of Prince, PwC’s Andrew Sentance unearths his band Rock in the City’s 2015 cover of Purple Rain April 24, 2016 The late and great 80s icon Prince may have been famous for his hit When Doves Cry, but one former hawk tells us he's devastated to lose one of his musical inspirations. Regular readers may remember Andrew Sentance, PwC's music-loving senior adviser and an ex-hawk at the Bank of England, hung up his guitar for good last [...]
London Marathon 2016 in pictures: Game of Thrones star Natalie Dormer, Prince Harry and Top Gear’s Chris Evans among crowds and runners… and Tim Peake in space April 24, 2016 When the marathon comes to town, prepare yourself for crazy costumes, famous faces, record attempts and dramatic moments. And even if you're not running the race, you can still enjoy the atmosphere from afar. Kenyan athletes Eliud Kipchoge and Jemima Sumgong won the elite races, with Sumgong taking the top spot (two hours, 22 minutes and [...]
Entrepreneur Luke Johnson and Casual Dining Group said to be bidding for Tesco-owned restaurant chain Giraffe April 24, 2016 Friendly-dining restaurant chain Giraffe has piqued the interest of serial entrepreneur Luke Johnson and the hospitality giant behind Bella Italia and Las Iguanas. Casual Dining Group, which also owns Cafe Rouge, could be set to lock horns with Johnson in the race to buy the Tesco-owned restaurant chain, reported the Sunday Times. Tesco announced it was [...]