MP demands FRC investigates BHS directors April 29, 2016 An MP has written to the head of the Financial Reporting Council (FRC), calling for an investigation into the directors of BHS. Richard Fuller, MP for Bedford, urged Stephen Haddrill to probe the “conduct of directors and advisers, and other relevant interested parties” relating to the sale of BHS by Sir Philip Green to Retail [...]
From BHS to Brexit and the banks we love to hate: Here’s what got us talking April 29, 2016 We learned what makes Sadiq Khan and Zac Goldsmith crumble. Halifax was in the dog house over Top Cat. And the pot called the kettle black when Cameron took Farage to task over his “poncey” surname. Here’s what got us talking… The billionaire has faced calls for his knighthood to be taken away (Source: Getty) [...]
EU referendum: John Major tells Brexiteers to “go to North Korea” if they want “undiluted sovereignty” April 29, 2016 Former Prime Minister John Major has suggested people in favour of leaving the European Union should "go to North Korea" if they want "undiluted sovereignty". In a move that seems almost calculated to wind up half the country, the man who led the country during much of the 1990s told Radio 4's Today Programme dismissed [...]
City A.M. Unregulated podcast, Episode Five: BHS isn’t a sign of a dying high street -but are Philip Green or Dominic Chappell to blame? April 29, 2016 Unlicensed and off-the-leash, this is City A.M. Unregulated. A no-holds-barred, uncensored look at the stories breaking the news and the markets across the globe. There was one story that dominated the news this week, after not one but two retailers were forced to call in the administrators. After a difficult few days on the high-street Unregulated's regular [...]
MegaBrew: Now AB InBev offers to sell SABMiller’s Central and Eastern European brands to make the deal happen April 29, 2016 Anheuser-Busch InBev has told the European Commission it will sell all of SABMiller's Central and Eastern European brands, alongside those already being touted, in order to push through with the Megabrew deal. SABMiller's businesses in Hungary, Romania, Czech Republic, Slovakia and Poland will be put up for sale, in addition to Peroni, Grolsch and Meantime and their [...]
RBS’s share price drops as losses widen more than expected to £968m April 29, 2016 Losses at Royal Bank of Scotland have widened more than expected in the first quarter of 2016, as the bank confirmed it will have to consider alternatives for its plan to offload William & Glyn. Shares dropped by more than two per cent to 239p in response to the news. The figures RBS made an attributable [...]
EU referendum: Film, TV and advertising sectors raise red flag over Brexit April 28, 2016 It's not just big business that is warning about the impact of Brexit – a new survey has revealed that the majority of people working in the UK's media and creative sectors think leaving the EU could damage their industries too. More than two-thirds of people (67 per cent) working in the film, TV and advertising sectors [...]
Deutsche Bank share price rises despite profits, revenues slump April 28, 2016 Deutchse Bank's share price rose this morning, despite revealing a slump in revenues and profits, as the lender says 2016 will be its "peak year" for restructuring. The figures Deutsche Bank posted a 58 percent drop in net profit in the first quarter, to €236m compared with the same period last year. Revenues dropped 22 percent year-on-year to €8.1bn, owing [...]
In pictures: The world’s tallest tower has just been unveiled – and it’s going to be in Dubai again April 28, 2016 If you thought the Burj Khalifa was big, prepare yourselves for a new tower that will leave the Dubai landmark in its shadow. Developer Emaar Properties has just unveiled a rival to snatch the title as the world's tallest tower. No final decision has been taken on how tall the Tower will be, but it will be [...]
UK house prices slow after stamp duty surcharge causes spike in March – but experts think they could accelerate again April 28, 2016 House price growth has slowed back to more normal levels in April, after the surge of activity in March caused by the introduction of the new stamp duty surcharge. UK house prices increased by 0.2 per cent in April, with annual house price growth slowing to 4.9 per cent from 5.7 per cent the month before. [...]
