Royal Bank of Scotland share price dips after raising £85m through equity issue October 1, 2014 Royal Bank of Scotland's share price dipped in early trading this morning, after revealing it had raised £85m through a share issue. RBS' share price fell 0.5 per cent at pixel time today. The bank, which yesterday said it expected impairment charges to be significantly lower than expected, revealed it had alloted 23.8m [...]
Forget Crossrail, Boris Johnson proposes south London Tube extension to Camberwell, Lewisham and Bromley September 30, 2014 Are you a south Londoner, fed up with the lack of Tube infrastructure, forced to rely on overcrowded overground trains for your daily commute? Me too. So maybe you should respond to this consultation over a proposed extension to the Bakerloo line, bringing the Tube out to New Cross, Lewisham, Bromley and Hayes. [...]
Reckless “takes the Three Hundreds of Chiltern” after Ukip defection September 30, 2014 Here at City AM, we are great believers in tradition, particularly when it comes to our elected leaders, who seem to indulge in the level of historical customs and practices normally reserved for those attending Hogwarts. So the news that Mark Reckless MP has been appointed to the office of crown steward and bailiff of [...]
Boris Johnson’s former deputy drops party membership for Ukip September 30, 2014 Yesterday Boris Johnson said Tory defectors to Ukip were “utterly nuts”. But perhaps he shouldn't have spoken so soon because it turns out his former right-hand-man Richard Barnes has done just that. The former deputy mayor of London has today emerged as the latest party unfaithful, ditching his party membership in favour of the [...]
Scottish referendum turnout could help councils recoup millions in unpaid tax September 30, 2014 The Scottish referendum could be helping councils north of the border track down millions in unpaid council and poll tax. The independence vote saw an unprecedented level of engagement from voters – 97 per cent of those who were eligible to register did so, and turn-out reached 85 per cent. Across Scotland, nearly 4.3 [...]
Tesco share price falls on £2.5bn credit facility claims September 30, 2014 Tesco share price fell again today – though far less than in recent days – after it emerged the embattled supermarket had sought a £2.5bn banking facility to prop it up against any impact from credit ratings downgradings. The supermarket was 0.4 per cent down in early trading today, with its share price continuing [...]
Alan Yarrow to succeed Fiona Woolf as Lord Mayor of the City of London September 29, 2014 Alan Yarrow is to succeed Fiona Woolf as Lord Mayor of the City of London, becoming the 687th person to take on the title. Yarrow is currently chairman of the Chartered Institute for Securities and Investment, and has spent most of his career at Kleinwort Benson, though has also chaired the London Investment Banking [...]
What is FireChat and how are protesters in Hong Kong using it? September 29, 2014 Protesters in Hong Kong are using mesh networking to avoid detection from authorities while organising themselves. This weekend tens of thousands of pro-democracy protesters – many of them students – gathered to protest mainland China's ongoing selection of the city-state's chief executive. In doing so, many protesters have started using this relatively new [...]
American Apparel share price set to rise as turnaround specialist is parachuted in to replace Dov Charney September 29, 2014 American Apparel's share price was up in pre-market trading today, after the beleagured fashion retailer announced it had hired a turnaround specialist as its interim chief executive. Scott Brubaker is taking over the reins from chief financial officer John Luttral, who had been covering the chief executive role following the departure of controversial founder [...]
Eurozone economic sentiment falls to 10-month low September 29, 2014 Eurozone economic sentiment has fallen to its lowest level in 10 months, and below the long-term average, on the back of falling consumer confidence. Sentiment in the region dropped by 0.7 points to 99.9 – below the long-term average of 100 – while sentiment from within the EU also fell, by 1 point to 103.6, [...]
