Stress and the city: Bankers feel the pressure but fear admitting it to bosses October 17, 2016 Rising stress levels among investment bankers have led two thirds to consider quitting their jobs, according to new research seen exclusively by City A.M. However, despite the admission senior banking employees believe that talking about their stress or mental health issues in the workplace will damage their careers. According to the MetLife research, 40 per cent [...]
Footfall drops but shoppers keep spending October 17, 2016 Spending on the high street rose last month despite a decline in footfall, the latest data has shown. Retail spending grew in September by 1.3 per cent, while at the same time both footfall and shop prices have dropped year-on-year, according to figures released today by the British Retail Consortium (BRC) and retail analysts Springboard. Total [...]
London Remainers drag down consumer confidence in the capital October 17, 2016 London consumers are feeling less confident than the rest of the UK, data out today shows. Confidence fell in London during the third quarter despite climbing to a five-year high across the rest of the country, according to the latest survey from accountancy giant Deloitte. Consumer sentiment in the capital fell by three percentage points over [...]
Property price rebound continues in October as northern divide deepens October 17, 2016 The price of property in the UK coming on to market has risen for the second consecutive month, recovering from two consecutive falls in July and August. The average price of property coming to market rose by 0.9 per cent (£2,623) this month to £309,122, just 0.4 per cent below the all-time high reached in June. [...]
Donald Trump stomps all over Mike Pence’s attempts to soften his claims that the US election is rigged October 16, 2016 Donald Trump is probably giving his running mate Mike Pence quite the headache. Pence had been trying to dampen Trump's latest incendiary comments about a "rigged" election, saying Trump was just referring to media bias, and emphasising they would "absolutely accept the result of the election". Read more: In quotes: The most shocking moments from [...]
Misys cuts float value as Brexit volatility bites October 16, 2016 Financial technology company Misys has been forced to cut the value of its pending market flotation due to Brexit-induced market volatility. The company is the latest in a string of firms that has had to dial back or call off plans to list as a result of the UK’s shock vote to quit the European Union [...]
Indian Prime Minister threatens to fracture Brics summit calling Pakistan ‘mothership of terrorism’ October 16, 2016 India’s Prime Minister Narendra Modi called Pakistan the “mothership of terrorism” at a Brics summit today, highlighting tensions within the group. Member China is a close ally of India’s neighbour and rival. At several events over the weekend, Modi made comments emphasising the need for tough global action against Pakistan-based terror groups carrying out attacks [...]
Criminal finance bill set to give police powers to delay M&A if there is suspicious behaviour October 16, 2016 POLICE could be given the power to delay M&A transactions for up to six months under little-noticed proposals in the criminal finance bill. The bill, which was published on Thursday, contains proposals to extend the time police have to investigate tip-offs from financial services firms for so-called “suspicious activities” from the current maximum of one [...]
Theresa May will this week chair the cabinet committee on airport expansion, with Heathrow the favourite to secure a new runway October 16, 2016 Top Tories will meet this week to mull a final verdict on airport expansion, with Heathrow considered the favourite to get the green light. Theresa May's cabinet committee on airport expansion meets on Tuesday, with a decision on how to expand aviation capacity expected to emerge within days. That verdict is then expected to be [...]