Brexit: EU hints at demand for Elgin Marbles in trade talks February 18, 2020 The EU is fighting back over Downing Street’s rejection of so-called level-playing field rules – and hinted that it may call for “cultural objects” to be removed from the UK. In a revised version of the negotiating mandate that Michel Barnier is expected to use when talks resume next week, the EU Council made clear [...]
South Western Railway to compensate passengers hit by December’s strikes February 18, 2020 South Western Railway (SWR) has announced it will compensate passengers affected by December’s RMT union strikes for the cost of five days’ travel. The embattled rail franchise said that although it had carried roughly 80 per cent of its normal passenger burden for that time of the year, it had decided to offer additional compensation [...]
Winter Economic Update Webinar with Vicky Pryce February 18, 2020 | City Talk Register for the webinar to join moneycorp for their Winter Economic Update on Tuesday 25th February at 1pm GMT. The global economy has endured a turbulent start to 2020, affecting the currency markets and minds of investors around the world at the same time. With January already seeing the UK leave the EU, escalating tension [...]
Laura Ashley share price dives again in second day of losses February 18, 2020 Shares in struggling high street retailer Laura Ashley tumbled today as the brand’s owners continued to scramble to secure emergency funding to keep the firm trading. The retailer – which is due to publish its interim results on Thursday – suffered a share price drop of 22.96 per cent today, to 1.56p, after plunging more [...]
Lender Amigo’s shares rise as suitors express takeover interest February 18, 2020 Amigo, the loans company, has revealed that several companies have expressed interest in buying the business after the firm opened itself to offers at the end of January. All or part of Amigo’s business could be sold after founder James Benamor’s Richmond Group said it was open to divesting its stake of 60.66 per cent. [...]
JP Morgan shakes up leadership of its investment bank February 18, 2020 JP Morgan is reshuffling the senior management of its investment bank, naming two new global co-heads and shifting other executives into roles focused on bringing in business. The investment banking giant has launched a sweeping reshuffle of top employees in an attempt to promote the next generation of talent while retaining senior staff amid stiff [...]
Chancellor and Prime Minister to thrash out details of Budget as March deadline stays February 18, 2020 The new chancellor Rishi Sunak will meet Prime Minister Boris Johnson in Westminster tomorrow, as the pair thrash out the details of next month’s Budget. Sunak, who was parachuted into the role on Thursday after Sajid Javid’s surprise resignation, confirmed this morning that the Budget will be going ahead on 11 March, despite the shake-up [...]
UK firm tells staff to go meat-free to expense meals February 18, 2020 Employees of one property firm have decided that meat is firmly off the menu when it comes to expenses. For the 30 or so staff at Igloo Regeneration, they must now go vegetarian in order to expense not just lunches and dinners, but corporate entertaining and workshop catering too. Workers voted for the change after [...]
Sadiq Khan calls for UK citizens to be made EU ‘associate citizens’ February 18, 2020 Sadiq Khan has called for Brussels to continue to allow British citizens freedom of movement within the EU with “associate citizenship” status. Khan met with Belgian MEP Guy Verhofstadt in Brussels today, who has been a long-time proponent of the idea, to discuss the possibility of allowing British nationals to travel and work in EU [...]
German healthcare firm eyes bid for rehab specialist Priory Group February 18, 2020 A German healthcare firm backed by US private equity giant Carlyle is entering the race to snap up rehab clinic owner Priory Group for roughly £1.2bn. City A.M. understands that Schoen Klinik, which employs almost 11,000 people, is among a pack of bidders vying to take over the Priory chain from its American owner Acadia [...]