Conservatives name Zac Goldsmith as candidate for London Mayoral Election 2016 October 2, 2015 The Conservatives have chosen their man for next year's London mayoral race: Zac Goldsmith, who was widely expected to win the online primary. In a statement this morning, the Conservative party said Goldsmith received 70 per cent of the online vote – way above runner-up Syed Kamall, who clinched 16 per cent. The decision will [...]
FCA to introduce PPI complaints deadline amid claims management company concerns October 2, 2015 The end of PPI complaints is nigh. The FCA is considering implementing a two-year deadline for customers to file PPI complaints, as it attempts to draw a line under the scandal. The watchdog said it had noticed a rise in the number of complaints relating to pre-2005 “and even pre-2000” cases, but evidence [...]
Uber crackdown could threaten the UK’s business brand October 2, 2015 As Transport for London (TfL) prepares to launch its proposed crackdown on Uber, injecting the criticism of its black-cab competitors into the capital’s most popular minicab-hailing app, it is crucial that UK business protects its reputation. Consumers have already had their say, with nearly 125,000 supporters signing up to Uber’s petition demanding that TfL [...]
EU referendum: Two-thirds of Conservative MPs still undecided about Brexit – but Eurosceptics have the edge October 2, 2015 Almost two-thirds of Tory MPs are undecided about whether the UK should stay in the European Union – but up to one in five are likely to vote for Brexit, new research suggests. The research, published ahead of the Conservative party conference which starts on Sunday, found that opponents of membership “have a slight [...]
New York and fuel trim FTSE – London Report October 2, 2015 UK SHARES outperformed their European counterparts yesterday as mining and oil and gas companies rose, although weakness on Wall Street trimmed the gains. The blue-chip FTSE 100 index closed just 10.86 points higher, up 0.2 per cent at 6,072.47 points, having been up by more than one per cent for most of the session. Mining [...]
Best of the Brokers for 2 October 2015 October 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com REDROW Housebuilder Redrow “is the most growth-focused UK housebuilder,” Jefferies follows, with “virtually all the available cash is being used to buy land”. So the broker is not at all alarmed by the low dividend (lowest in the sector) announced with the company’s full-year [...]
How you can secure a partnership role: Find a mentor and have a list of contacts in every specialism October 2, 2015 You don’t just wake up one morning and decide you want to become an equity partner. It may seem daunting, but you must take your professional development in your own hands. Ambition will really set you apart from your colleagues, and you may even have been spotted by your employer as potential partner material, but [...]
T-Mobile boss ‘incredibly angry’ as data from 15m customers is leaked in Experian data breach October 2, 2015 T-Mobile boss John Legere said last night that he was "incredibly angry" about news that 15m of the company's US subscribers could have been affected by a data breach at Experian. Experian processes the mobile network operator's credit applications. The hacked data includes customers' names, dates of birth, addresses and Social Security numbers, as well as [...]
TV wars: Amazon banishes Google Chromecast and Apple TV to “avoid confusion” as it focuses on Prime October 1, 2015 Is this the new war of the smartphones? Amazon, which has increasingly placed a focus on its Prime Instant Video TV offering, has banished Apple and Google's TV streaming offerings from its shelves. Businessweek reported today that the company has decided to stop stocking both the Apple TV (a new version of which is due [...]
This MBA student bought Google’s domain name for $12 October 1, 2015 We knew Google was rebranding as Alphabet – but this is ridiculous. An MBA student from Boston has told the curious tale of how he ended up as the proud owner of the Google.com domain name – for several minutes, anyway. Sanmay Ved was experimenting with Google's new Domains site, which allows users to register [...]