Theresa May on Brexit: UK is not looking to replicate someone else’s model outside the EU after Brexit October 21, 2016 Prime Minister Theresa May has said the UK is not looking to replicate any other country's relationship with the European Union once it has left the bloc. Speaking after her first EU summit, May said the UK will continue to play a "full and active" role in the EU until after the Brexit process was [...]
If the US election was being fought on M&A grounds, there would be a landslide October 21, 2016 Dealmakers will be closely watching the results of the US presidential election next month – a lot might hinge on the outcome. A survey of 1,600 global dealmakers found 56 per cent believed that Donald Trump would have a negative impact on mergers and acquisitions (M&A) activity. But they’re not too worried: just 15 per [...]
Property sales start to stumble following Brexit vote October 21, 2016 The number of people buying and selling homes, flats and offices has dipped in the latest sign of uncertainty in the UK property market. According to transaction figures published by HM Revenue & Customs (HMRC) this morning, sales of both residential and commercial properties are down. There were 93,130 residential transactions rubber-stamped during September, down 4.3 [...]
Wearables at work: How businesses can avoid Big Brother syndrome October 21, 2016 News that 22,000 Metropolitan Police officers will be equipped with body worn video cameras to cut down on complaints, must count as one of the biggest roll-outs of workplace wearables in the UK to date. The move brings to mind Gartner's prediction that over the next two years two million US employees in high risk [...]
Prom boom boosts Moss Bros’ retail sales, rather than just its hire division October 21, 2016 The chief executive of one the UK's oldest high street names said that a British prom boom was driving "fantastic" sales growth. Moss Bros boss, Brian Brick, said that 80 per cent of Britain's schools now have proms. And this wasn't just having a positive impact on its suit hire division, it was boosting sales in its larger [...]
Remember the fried chicken guide to house prices? Now we know which London boroughs have the most fast food joints October 21, 2016 Remember the guy who, this time last year, came up with a theory that London's best property deals can be found where the most chicken shops are? Well, now the government has given would-be London property investors a helping hand – with a map of the boroughs in the capital which have the most fast food joints. According [...]
Bombardier to cut 7,500 jobs over the next two years October 21, 2016 Plane and train maker Bombardier today announced it will cut 7,500 jobs across its global operations over the next two years. The Canadian company said around two thirds of the roles being cut will be in its transportation division, with the rest made in the aerospace arm. The group would not confirm the locations of [...]
Brussels regulator expected to push back London Stock Exchange merger decision October 21, 2016 Brussels regulators is set to extend the length of their investigation into the London Stock-Exchange’s merger with Deutsche Boerse. The European Commission is expected to announce today that a final decision will be made on 6 March – pushed back from 13 February. Read more: London Stock Exchange beats expectations as it seeks to push through deal [...]
The funniest jokes from Donald Trump and Hillary Clinton’s speeches at last night’s Al Smith dinner October 21, 2016 Less than 24 hours after their frosty final debate, the US' two Presidential candidates were at each other’s throats once again – but this time under the guise of comedy. They were taking part in the annual Al Smith dinner, a white tie charity event organised by New York’s Catholic elite where every four years the [...]
Autumn Statement 2016: Philip Hammond in trouble as government dramatically misses borrowing target October 21, 2016 The government has dramatically overshot its target for public borrowing, with a whopping £10bn black hole in the country's finances. The deficit – a measure of how much more the government spends than it receives – rose to £10.6bn in September. That was £2.5bn over expectations and 14 per cent higher than the same month last year. It [...]