Merged London Stock Exchange group could “under no circumstances” be based in UK if nation votes for Brexit, says Frankfurt politician as Tory MP slams German “desire to take over” April 12, 2016 The political row over the proposed merger between the London Stock Exchange and Deutsche Boerse has escalated. A German member of parliament told City A.M. that the merged company could "under no circumstances" be based in the London rather than Frankfurt if the UK votes for a so-called Brexit. Ulrich Caspar, a member of parliament for [...]
Nigel Farage is not going to be publishing his tax return unlike David Cameron, Jeremy Corbyn and Boris Johnson in the wake of Panama papers April 12, 2016 David Cameron has done it, Jeremy Corbyn and Nicola Sturgeon have done it. Even George Osborne and Boris Johnson have done it. But Nigel Farage will absolutely not be publishing his tax return. While a host of high profile politicians have published their tax returns in response to public interest in tax affairs in the aftermath of the [...]
House of Lords defeat government on plans for starter homes April 12, 2016 The government has suffered a setback after the House of Lords defeated it on two starter homes policies. A coalition of Labour, Liberal Democrat and crossbench peers voted to moderate the government's plans to offer "affordable" homes to first-time buyers at a discount. The flagship policy was proposed by the government ahead of the General Election [...]
Netflix and bill: You’re probably about to pay more to watch House of Cards April 12, 2016 If you like settling down in front of House of Cards and other must-see shows from Netflix, you'll soon have to pay more for the privilege. The movie and TV streaming service is raising its subscription prices and anyone who signed up in Netflix's early days faces a decision. Early adopters currently pay £5.99 per month and [...]
Londoners, take note: There’s going to be a huge anti-austerity march from Gower Street to Trafalgar Square this Saturday April 12, 2016 Londoners, take note – there's going to be another huge anti-austerity march in the capital this weekend, with thousands of people being bussed in from around the country to demonstrate against the Conservative government's cuts. The March for Health, Homes, Jobs and Education will take place on Saturday 16 April, with participants meeting at Gower Street [...]
Sports Direct bags Oxford Street address for high end retailer Flannels April 12, 2016 Times might be tough for Sports Direct at the moment, but that isn't stopping the business splashing the cash – specifically on a shiny new property on Oxford Street. The premises, at 161-167 Oxford Street and 36 Poland Street, has been acquired freehold from CIP Property, a nominee of Aviva Investors for £108m. Sports Direct said [...]
Costa boss Chris Rogers to leave after 11 years as Royal Caribbean exec takes the ship’s wheel April 12, 2016 Whitbread's share price fell this morning, after the group revealed Costa managing director Chris Rogers is leaving the firm after just over a decade. Rogers, who joined Costa as financial director in 2005 before moving up to the top job in 2012, will step down from the board on 20 April, but will stay on until 1 July [...]
Tesco’s share price falls as supermarket sells half of stake in ecommerce site Lazada to Alibaba for £90m April 12, 2016 Tesco is continuing to shed itself of unwanted assets as management continues to plug the gaps in its balance sheet, this morning revealing it has partially offloaded its stake in ecommerce site Lazada to Chinese giant Alibaba. The supermarket received $129m (£90m) for its 8.6 per cent stake in the business, which acts a platform to sell global [...]
Asos’s share price surges as etailer reveals double-digit profit and sales growth as retailer consolidates return to strength April 12, 2016 Asos' share price surged more than 5.1 per cent this morning, after reporting six month double-digit sales and profit growth. The figures The etailer grew group revenue 21 per cent to £667.3m in the six months to 29 February, with UK retail sales up 25 per cent while international sales grew 18 per cent. Gross profit was up 22 per [...]
One of the UK’s biggest tech venture capital investors Accel Partners now has $500m more to play with April 12, 2016 The venture capital firm which was an early backer of Facebook, bet on start startup Slack, and most recently invested in Deliveroo and Funding Circle in the UK, has raised $500m (£351m) for a new fund to invest in startups across Europe and Israel. “Entrepreneurship is flourishing everywhere across Europe and Israel; we’ve never seen so many great founders, both gritty and [...]