Digital marketing agencies Forward3D and PMX Agency to form global brand January 15, 2019 Digital marketing firm Forward3D is merging with PMX Agency to create a new global brand, the company said today. London-based Forward3D, whose clients include Asos, Virgin and Calvin Klein, will merge with US firm PMX to form ForwardPMX. Read more: Unlimited Group unveils alliance with German and Japanese agencies The combined agency will have a pool [...]
Brexit: How the pound might react to parliament’s crunch vote tonight January 15, 2019 Sterling has been plagued by volatility in recent months as uncertainty around Brexit has heightened. Theresa May's withdrawal agreement has come under pressure from all sides, and she was forced to postpone a December vote on her deal until tonight, when MPs will get their say at 7pm. But what will happen to the pound? [...]
DEBATE: If Theresa May’s deal fails to pass, is another referendum the best way to break the stalemate? January 15, 2019 If Theresa May’s deal fails to pass, is another referendum the best way to break the stalemate? Jo Swinson MP, deputy leader of the Liberal Democrats, says YES. Brexit has become a national embarrassment. In the last few weeks, the Conservative government has lost control in parliament, and the Labour frontbench – supposedly the official [...]
A year on from Carillion: 12 months that brought outsourcing to its knees January 15, 2019 On the anniversary of Carillion’s dramatic collapse, two more public sector outsourcing giants, Interserve and Kier Group, are up against the ropes. In the intervening 12 months, outsourcers have lurched from one crisis to another, with profit warnings, massive project failures and revelations of systemic late payment of suppliers. City A.M. charts a year which [...]
Brexit high noon spells danger for currency traders January 15, 2019 Theresa May’s ultimate showdown has finally arrived. The high-stakes parliamentary vote on her Brexit plans is due later today, and the outcomes vary wildly – from soaring success to complete political collapse. Currency traders lie in wait, hoping not to be caught on the wrong side of a sterling trade, which could whip wildly in [...]
Labour’s Brexit ambiguity is costing them in the polls January 14, 2019 The Prime Minister told MPs yesterday that their decisions over Brexit will be judged by history, but we don't have to wait that long to get a sense of the voters' verdict. Journalists travelling the country in recent days have noted a surprising amount of support for Theresa May. Whether driven by sympathy, admiration or [...]
Theresa May tells MPs that history is watching ahead of crunch Brexit vote January 14, 2019 Theresa May issued a desperate plea for support for her Brexit deal ahead of an historic vote by MPs on Tuesday evening The embattled Prime Minister warned members across the Commons that the eyes of history were on them as she tried to salvage her deeply unpopular plan for how the UK should leave the EU. [...]
Brexit: What happens if Theresa May loses the vote on her deal? January 14, 2019 Theresa May’s Brexit plan looks set to be defeated by a huge margin in parliament on Tuesday. Despite her warnings that voting down the deal could place Brexit itself in jeopardy, scores of anti-EU Tories seem prepared to defeat the government when they march through the voting lobbies. While defeat seems a certainty, what comes [...]
Bank earnings the next big threat to Buffett’s portfolio after Apple profit warning? January 14, 2019 | City Talk Warren Buffett may invest for the long haul, but surely any money manager must wince at the thought of losing a $4 billion chunk of their portfolio. Apple shares tanked at the start of the year after CEO Tim Cook issued the company’s first profit warning in 12 years, blaming the US-Sino trade war and [...]
Shares in Debenhams dive as woes show no sign of abating January 14, 2019 The falling share price of embattled department store chain Debenhams showed no sign of a let up this afternoon as its stock value plunged a further 12 per cent. The retailer’s share price plummeted amid reports that as many as 90 of its high street stores could be up for closure, putting 10,000 jobs at [...]