Electric car charging points outnumber petrol stations August 15, 2019 The number of electric car charging points in the UK now exceeds petrol stations, as an increasing number of Brits turn to electric vehicles (EV). Read more: Car sales stagnate again in July but electric vehicle market share surges There are now 9,300 charging locations, compared to 8,400 petrol stations, according to new data released [...]
Revealed: The best-paying jobs for UK graduates August 15, 2019 With tuition fees on the rise, the prospect of a well-paid graduate role is becoming even more attractive for UK university students. As thousands of nervous students open their A level results, new data has revealed which degrees promise the biggest pay packets. Research by job site Indeed showed vets are the university top dogs, [...]
Corbyn calls for cross-party collaboration in no-deal strategy August 14, 2019 Jeremy Corbyn has called on MPs opposed to a no-deal Brexit to back his attempt to form a “strictly time-limited” government, insisting he would call a General Election and campaign for a second referendum. The Labour leader wrote to backbenchers and other opposition party leaders promising to extend Article 50 and push for “a public [...]
Ryanair’s Irish pilots to strike next week as talks break down August 14, 2019 Ryanair’s directly employed pilots in Ireland will strike for 48 hours next week, after talks failed to produce an agreement over the union’s pay proposals. The Irish Airlines Pilots’ Association (Ialpa) set today as an ultimatum for Ryanair executives to table a counter-proposal that addressed its concerns. “No such counter-proposal was made at the mediation [...]
City grandee Michael Spencer tables bid for Naked wine dealer Lay & Wheeler August 14, 2019 City bigwig Michael Spencer is said to have tabled a bid for Lay & Wheeler (L&W), a fine wine merchant set to be sold by Naked Wines. BI Wine & Spirits, which is chaired and part-owned by Spencer, is among interested buyers circling the luxury merchant, Sky News reported. Read more: Naked Wines hopes US [...]
Grant Shapps questions whether Heathrow third runway plan ‘stacks up’ August 14, 2019 Transport secretary Grant Shapps has cast doubt over the Heathrow third runway after he questioned whether the £14bn plan “stacks up”. Shapps, who replaced Chris Grayling when Boris Johnson became Prime Minister last month, said that while parliament had voted in favour of the third runway, there were “questions about whether the whole plan stacks [...]
US vice president Mike Pence to speak at City trade banquet August 14, 2019 US vice president Mike Pence will speak at a trade banquet in the City when he visits London next month, City A.M. can reveal. The black tie dinner, hosted by the City of London Corporation, will take place at Guildhall in the Square Mile on 5 September and will also be attended by the international trade secretary Liz Truss. Some City councillors [...]
Fleet Street veteran David Montgomery sets newspapers in sights as he plots takeover spree August 14, 2019 Veteran Fleet Street executive David Montgomery is poised to launch a media takeover spree, with struggling publisher JPI Media slated as his first major target. Montgomery has set up a company called National World, through which he is said to be planning a series of deals to snap up struggling newspaper groups. Read more: Shares [...]
ECB tells banks in Britain to speed up Brexit preparations August 14, 2019 Banks have been urged to speed up their Brexit preparations by the European Central Bank (ECB), which warned yesterday that London-based firms are falling behind on potential plans to move jobs. The Eurozone’s top banking watchdog has called on firms to step up their contingency plans as the UK nears Downing Street’s 31 October deadline [...]
City watchdog failing to protect consumers from high-risk investment firms August 14, 2019 Another day another investment scheme collapse. This time it is mini-bond firm Asset Life. News broke today that the company had crashed into administration last month owing more than 500 investors £8m. Asset Life had close links with fellow mini-bond firm London Capital & Finance (LCF), which went bust in December owing 11,600 investors £236m. [...]