Dump opinion polls for social media to understand people’s real preferences November 15, 2016 So the pollsters and pundits got it wrong again. After the General Election last year and then Brexit, it is perhaps not surprising. What is surprising is just how wrong they were. The real problem is the enormous confidence with which they pronounced that Hillary Clinton would win. The Princeton Election Consortium was probably top of [...]
Unfair business rate hikes will hit London’s competitiveness: Government must now act November 15, 2016 London is, without a doubt, a fantastic city in which to live, do business and visit – an epicentre of world-leading business, culture, entertainment and retail. Anyone walking along our iconic streets, from Bond Street to Brick Lane, cannot help but be struck by its unique mix of architecture and people. But we are also [...]
Former chair of Northern Foods says consumers will see food prices rise “substantially” with inflation November 15, 2016 This is one of the most difficult times for the food industry in decades, according to Lord Christopher Haskins, former chair of Northern Foods. Haskins, who was the chairman from 1980 to 2002, said consumers will see food prices go up “substantially” in an interview this morning on BBC Today. With wages expected to stay [...]
Big Four audit giant dragged into Brexit row November 15, 2016 Number 10 has today scrambled to distance itself from the details of a leaked memo which warned government was lagging behind on its Brexit plans. The leaked document, which was produced by professional services giant Deloitte and obtained by the Times, claimed government may need to take on as many as 30,000 additional staff members [...]
With a leaked memo suggesting the government has no Brexit plan, should it delay invoking Article 50? November 15, 2016 Sarah Olney, Liberal Democrat by-election candidate for Richmond Park, says Yes. Yesterday’s leaked Brexit memo made it clear why Theresa May won’t tell us her plan for Brexit; because she doesn’t have one. Her government is failing to come up with clear answers on the most important issues, including Britain’s membership of the Single Market. [...]
Reports: BAT’s $47bn offer for Reynolds could be up in smoke November 15, 2016 Reynolds American has stubbed out a $47bn (£37.8bn) takeover offer from British American Tobacco (BAT) because the price is too low, according to reports. BAT, which already holds a 42 per cent stake in Reynolds, sought to snap up the remaining 58 per cent in the Camel and Pall Mall cigarette producer last month. The tie-up would also open [...]
Dollar pressure continues to beat down Asian currencies in wake of Trump election November 15, 2016 China’s yuan today fell to its weakest point since December 2008 against the dollar as concerns over US President-elect Donald Trump’s policies led investors to pile more pressure on Asian stocks. The yuan fell to 0.146 against the dollar, continuing a steady decline from a peak of 0.165 in 2014 and a 52-week peak of [...]
Google’s still committed to the UK after Brexit promising major investment November 15, 2016 Google remains committed to the UK the tech company's top boss has said, with its headcount set to nearly double in the coming years as it goes ahead with plans for a new £1bn headquarters. "We see opportunities here," said Sundar Pichai on his first trip to London since becoming chief executive. However, a crackdown on skilled immigration would [...]
Is the turnaround complete? Bank of Cyprus announces London listing and paydown of EU emergency lending November 15, 2016 The Bank of Cyprus made a huge step on its road to redemption today by announcing its intention to list on the London Stock Exchange. The lender said that while it would not be raising any equity directly from the float, it hoped that the move would pave the way for it to access international capital markets. [...]
City A.M. Unregulated podcast: Julien Callede, the man behind the internet’s hippest furniture store, on how he Made.com it November 15, 2016 NULL