As survey expects 31 million car journeys to be made over Christmas, Transport for London unveils festive roadworks on Embankment, Blackfriars Road and Old Street December 18, 2015 Transport for London (TfL) has announced the details of its festive road work programme, which will hit parts of the Embankment, Blackfriars Road and Old Street – on the same day a survey suggested 31 million car journeys will be taken over the Christmas period. TfL said it was taking advantage of a time when roads in [...]
Sports Direct breaks silence on working practices, says Mike Ashley will carry out review of terms and conditions in new year December 18, 2015 Sports Direct has issued an unprecedented statement, rebutting claims made about its working practices as putting forward "an unfair portrayal" and said it will carry out a review of staff terms and conditions. The retailer, which has come under fire for many months because of its widespread use of zero-hour contracts, has issued a lengthy statement to [...]
UK’s last deep coal mine to close as Kellingley Colliery ceases production December 18, 2015 The merry oompah of a brass band will be but an echo at the UK's only remaining deep coal mine, as it shuts its doors today. Kellingley Colliery, in North Yorkshire, will cease production just before 1pm today, after 50 years. It's the end of a two-year process to close down the UK's deep mine, [...]
From Ed Miliband to Martin Winterkorn: These are 2015’s biggest people moves December 18, 2015 From politicos to business nerds, it's been a busy year for people-watchers of all ilks, as the mighty fell. Whether you were more interested in the surprise departure of Barclays chief executive Antony Jenkins, or the many u-turns of Ukip leader Nigel Farage, here are the biggest people moves this year. 1. Mack the Knife's reign [...]
UK workers aren’t impressed at the level of chief executives’ salaries – with 60 per cent saying it “demotivates” them December 18, 2015 Your staff are talking about your pay packet behind your back – and the things they're saying aren't very nice. That's according to new research by the Chartered Institute of Personnel and Development, which found more than 70 per cent of employees think the amount UK chief executives are earning is either "too high" or (gasp) "far [...]
Agile working: How your firm can think fast and innovate December 18, 2015 Belinda Waldock explains how tech giants stay on top in a world of constant change. Facebook, Amazon, Microsoft, Google. Have you ever wondered how these global giants have managed to navigate the relentlessly evolving technology industry, disrupting markets and creating multi-billion dollar valuations just a few years after starting from a garage? Their ability [...]
FTSE jumps as investors cheer the Fed rate rise – London Report December 18, 2015 TOP SHARE index, the FTSE 100, climbed yesterday, tracking gains on other equity markets after investors took the first US interest rate rise in nearly a decade as a sign of policymakers’ confidence in the world’s biggest economy. The FTSE rose 41 points, or 1.2 per cent to 6,102 points, but is down by around seven [...]
Best of the Brokers for 18 December 2015 December 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com TRINITY MIRROR Analysts at Liberum have reiterated a “buy” rating for Trinity Mirror despite the firm losing its appeal against the level of phone hacking damages awarded against it and increasing the level of provisions by £13m to £41m. Liberum reckon this is [...]
Prime Minister David Cameron issues plea to EU leaders to back his reform proposals December 18, 2015 Prime Minister David Cameron used a working dinner in Brussels last night to make an impassioned plea to European leaders to back his proposals for “substantial” reform of the European Union. In a lengthy appeal to European heads of state and government from all 27 other EU member states, Cameron said that if the leaders wanted the [...]
London mayoral election 2016: Sadiq Khan says he wants Tech City to be in the hands of City Hall as he matches Zac Goldsmith pledge for super-fast broadband December 18, 2015 Labour City Hall hopeful Sadiq Khan will today call for Whitehall to devolve certain powers relating to “Tech City” to the mayor of London. “London has made a great fist of carving out a leading position as a centre of tech but there’s much more to do to ensure we build on this success,” Khan [...]