EU migrant crisis: Royal Navy ship HMS Richmond to tackle people smugglers risking refugees’ lives off the coast of Libya September 16, 2015 In what is another attempt to head off the escalating migrant crisis facing the European Union, the Royal Navy is being dispatched to tackle people smugglers around the coast of Libya. HMS Richmond is being sent to international waters around the country to try and stop criminal gangs from ferrying refugees across the Mediterranean Sea. [...]
EU migrant crisis: Schengen Agreement in tatters as Hungary declares state of emergency over refugee crisis September 16, 2015 Update: Hungary has said it will deploy a razor wire fence along its border with Romania, just hours after putting the same measure into place along its Serbian border. Minister of foreign affairs and trade Péter Szijjártó said this afternoon that the government was planning "preparatory work" for the fence, newswires are reporting. The country [...]
New “shopping tax” will cost taxpayers £1.5bn over a decade, says the TaxPayers’ Alliance September 16, 2015 The government’s plan to introduce a mandatory charge for plastic bags will cost taxpayers £1.5bn over a decade, according to new research from the TaxPayers’ Alliance. The plan, which comes into effect next month, means all large retailers will have to add a 5p fee to shopping bills. Read more: Why EU plastic bag rules [...]
“Tinder for food” startup Foodmood wants to revolutionise Londoners’ lunch breaks September 16, 2015 Whether you’re scoffing down the week’s third meal deal by your desk or just unable to find a decent lunch restaurant nearby, office lunches have a tendency to be, well, mindnumbingly dull. There must be a better way. A new London startup reckons there is. Launching itself as a “Tinder for food”, Foodmood’s app promises [...]
Meet the Leisure Learners: those who pick galleries over the pub September 16, 2015 If you've ever endured friends shouting garbled German greetings into their smartphones, or observed your colleagues bashing out HTML tags during their lunch hour, then you’ve witnessed the skills revolution in action. Thanks to new apps and web-based training portals such as Duolingo and Codecademy, it has never been easier to access cheap or [...]
Don’t fear a Fed hike: It’s unlikely to cause chaos September 16, 2015 Slow and steady rate rises mean that tightening policy probably won’t hurt your portfolio THE FOURTH of February 1994 is a day I remember well. Six months into my first job as a macro economist with an institutional fund manager, I got my first experience of how investors and markets react when they are surprised [...]
Best of the Brokers for 16 September 2015 September 16, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HOME RETAIL GROUP Haitong Investment Bank has reduced its “fair value” target by 18 per cent to 115p to reflect greater uncertainty over longer term success of Home Retail Group’s modernisation plans for Argos. The broker said that promotional spend in the run-up [...]
FTSE lifts after strong opening on Wall Street – London Report September 16, 2015 Britain’s top equity index turned higher in thin trade yesterday, as a strong start to trade on Wall Street helped lift mining stocks off their lows. The blue-chip FTSE 100 index closed up 0.9 per cent higher at 6,137.60 points, turning higher as Wall Street gained following a climb in retail sales. The move helped [...]
BMW speeds to top of reputation index September 16, 2015 BMW topped the list of most trusted companies, according to EU customers who ranked international firms’ reputations. The survey, released today by the Reputation Institute, asked 15,000 people across the UK, Germany, France, Spain and Italy to rank companies based on factors such as trust, governance and citizenship. Lego, Sony, Samsung, Walt Disney, Daimler, Canon, [...]
Paint brand Dulux embraces the technology world with new app September 16, 2015 PAINT brand Dulux is the latest company to ride the digital wave, as it launches an improved version of its app next month that lets consumers see how any colour would look in their very own living space. Ruud Joosten, executive committee member responsible for decorative paints at parent company AkzoNobel, told City A.M. that [...]