WPP boss Sir Martin Sorrell shrugs off mounting fears over China’s economy August 27, 2015 WPP boss Sir Martin Sorrell yesterday admitted “everyone should be concerned” about the current state of the Chinese economy – but said he remained an “unabashed bull” over the long term. Speaking to City A.M., Sorrell said that although Asia Pacific is the company’s third largest market, WPP would not be changing its strategy [...]
Is WPP’s Sir Martin Sorrell right to “remain a raging bull” in relation to Chinese growth? August 26, 2015 Andy Rothman is investment strategist at Matthews Asia, says Yes China’s stock market has experienced a significant correction, and Beijing engineered a minor devaluation of the RMB, but neither of these events reflect a worse-than-expected slowdown in the real economy, and there are no signs that the A-share correction is having a significant impact on [...]
John Whittingdale’s BBC velvet glove at Edinburgh TV Festival masks a hand of steel August 26, 2015 John Whittingdale struck a conciliatory tone on the BBC at the Edinburgh TV Festival, saying "It was never our intention to create the impression that the BBC was under attack". The culture secretary explained that much would remain unchanged at the BBC of the future. The licence fee was still the only option because the [...]
London mayoral election 2016: After Boris Johnson, the next Mayor of London must be a dealmaker – Zac Goldsmith August 26, 2015 Next year you will decide who replaces Boris Johnson as Mayor of London. But in less than a month, you also have an opportunity to decide who will be the Conservative party’s candidate for mayor. London’s performance under Boris’s mayoralty has been remarkable. Our city has not only emerged from recession but has also driven [...]
Paddy Power results: The five best quotes – Donald Trump, Ashley Madison, Greek debt crisis August 26, 2015 It's that time of year in the corporate earnings calendar when Paddy Power tells the City what's been going on, and business has been a little like Donald Trump's hair and Jeremy Clarkson's steak throwing skills in the first half of the year. Read more: Paddy Power earnings jump as it unveils Betfair merger There was [...]
Jeremy Corbyn may be drawing out the youth voters, but new poll suggests millennials could be the new Thatcherites August 26, 2015 Labour leadership hopeful Jeremy Corbyn may be drawing hundreds of young voters to his rallies, but a new poll shows that the hard-left candidate may not have what it takes to bring them to the ballot box at a General Election. Read more: Students are more right-wing than the general public on key economic matters like [...]
Advertising giant WPP beats expectations as Sir Martin Sorrell says he is still bullish on China August 26, 2015 WPP's share price fell more than one per cent this morning, despite beating expectations on both profit and like-for-likes. The figures The advertising giant reported headline profit before tax up 12.1 per cent to £596m – ahead of expectations that it would come in around £590m – and up 13.2 per cent on a constant [...]
Andrew Tyrie asks Mark Carney to clarify Bank of England monetary policy committee conflict of interest rules August 25, 2015 The chairman of an influential parliamentary committee has asked Bank of England governor Mark Carney to reconsider rules surrounding membership of the Bank’s monetary policy committee (MPC). Andrew Tyrie, who chairs the Treasury Select Committee, wrote to Carney today about the appointment of Gertjan Vlieghe, a senior economist at the hedge fund Brevan Howard, to [...]
No, leading economists are not supporting Labour leadership candidate Jeremy Corbyn’s far-left agenda August 25, 2015 "Jeremy Corbyn wins economists’ backing for radical plan” thundered the Observer’s front page on Sunday. As I meandered around the supermarket, I did a double-take. Would distinguished economists really back printing money to fund government investment, rent controls, widespread renationalisation (in some cases without compensation), a “maximum wage”, huge tax hikes and greater powers for [...]
Jeremy Corbyn ‘could sack Bank of England governor Mark Carney’ if he wins labour leadership and makes it to 10 Downing Street August 25, 2015 Bank of England governor Mark Carney could be out of a job if Jeremy Corbyn becomes Prime Minister, one of Corbyn’s closest advisers has claimed. Tax expert Richard Murphy, who advises the Labour leadership hopeful and is widely credited as the mastermind of so-called Corbynomics, said yesterday that the Bank is beholden to parliament. “Bank of England [...]