Peppa Pig maker Entertainment One has turned down a £1bn takeover offer from ITV August 10, 2016 The firm behind the hugely successful children's TV show Peppa Pig has rejected a £1bn takeover bid from ITV. In a stock exchange announcement this morning, Entertainment One (EOne) said that the offer of 236p per share “fundamentally undervalues” the company, adding that its board had unanimously rejected the bid. Read More: Peppa Pig maker snorts [...]
Rail union RMT announces more strikes – this time on the Eurostar August 10, 2016 Rail union RMT has announced more industrial action, with Eurostar workers set to strike over seven days this month, including the Bank Holiday weekend – over their work/life balance. RMT said this morning that Eurostar train managers would strike for four days from 12.01am on Friday 12 August until 11.59pm on Monday 15 August, with a [...]
Four reasons why you should think about switching your bank account August 10, 2016 Banks are going to offer customers more sophisticated digital products following an order from competition chiefs. Every high street bank alongside the only-online “challenger” banks will soon have to launch an app where customers can see all of their accounts in one place. It will also allow people to see better deals among competitor banks, so [...]
Sick of the strikes? Job-threatening technology could lead to even more industrial disputes August 10, 2016 The strike bringing misery to thousands of commuters on Southern’s railway line may be merely the start of a wider trend of industrial action throughout the UK. The RMT union has got its tail up and yesterday declared that workers on the Virgin east coast mainline have voted in favour of walkouts, while passenger groups are [...]
Summer reading: Four leading UK economists offer their book recommendations August 10, 2016 With its political and economic ructions, this summer has been anything but sleepy. If you’re looking for some holiday reading to prepare you for the year ahead, City A.M. has asked four of the UK’s leading economists to offer their recommendations. Tim Harford writes the Undercover Economist column for the FT and is presenter of More [...]
City Moves for 10 August 2016 | Who’s switching jobs August 10, 2016 INSTITUTE OF DIRECTORS Ken Olisa OBE, founder of technology merchant bank Restoration Partners and Lord-Lieutenant of Greater London, has been appointed deputy chairman of the Institute of Directors. Ken will work alongside the chairman, Lady Barbara Judge and the incoming director general, Stephen Martin, in setting the IoD’s strategy. Ken's technology career spans over 30 years, [...]
Annuity sales continue to decline with hybrid products becoming increasingly popular August 10, 2016 Annuity sales continued to fall in the first quarter of 2016 as pensioners took advantage of an increasing number of new products to fund their retirement. Enhanced annuity product sales fell from £357m in the final quarter of 2015 to £254m. "There are a number of new hybrid products [on offer] that allow people to [...]
Institute for Fiscal Studies: UK better off inside EU Single Market August 10, 2016 Leaving the EU Single Market will cost the government an extra £8bn in lost tax receipts and result in financial services firms leaving London, the Institute for Fiscal Studies (IFS) has said. The revered number crunchers have argued today in a new paper that any Brexit deal which does not result in the UK remaining [...]
You’re hired: Government asked to help small businesses deliver apprentice boost August 10, 2016 Small English businesses could double the number of apprentices they take on with help from the government, a new report has claimed. The Federation of Small Businesses (FSB) has said that if the government gets incentive and support packages right, small firms could take on more than two million. Read more: Apprenticeship levy needs to be [...]
Challengers lambast competition watchdog’s report for focussing on technology and ignoring red tape issues August 10, 2016 Challenger banks have lambasted the competition watchdog for squandering a rare opportunity for change in a sector dominated by larger players. Many of the UK’s up-and-coming lenders were disappointed that yesterday’s final report from the Competition and Markets Authority’s (CMA) retail banking investigation focused more on using technology to disrupt the sector than on tearing down some of the [...]