Awkward: Now Canada is joining the Asian Infrastructure Investment Bank August 31, 2016 Remember that time the UK put the US' nose out of joint by deciding to join the controversial Asian Infrastructure Investment Bank (AIIB)? Now the US' closest neighbour has done the same: today Canada said, in an effort to "create hope and opportunity for our middle class as well as for people around the world", it will [...]
City A.M. Unregulated: The City’s most secretive sector – the business of kidnap protection August 31, 2016 Governments might insist they don't negotiate with terrorists – but when you're doing business in the world's most dangerous territories, you'll want one of the City's most tight-lipped sectors on your side. This week we talk to two specialists in kidnap insurance: Mark Harris, director of crisis response at Olive Group, and Jon Gregory, global [...]
Brickgate: A war is kicking off in the construction industry after estate agents claimed there is a shortage of bricks August 25, 2016 Forget Jeremy Corbyn versus Owen Smith – there's a new feud in town. You might say relations between these two are rather stony… Brick makers have taken issue with research put out earlier today by the National Association of Estate Agents (NAEA) and the Centre for Economics and Business Research (Cebr), which suggested not only [...]
Notting Hill Carnival 2016 guide: Where to watch the parade and how to get there August 25, 2016 Planning on negotiating bus strikes and the inevitable downpours to go to the Notting Hill Carnival this year? Here's our guide to how to make the best of Europe’s biggest and most colourful street festival 1. The weather The good news is while the bank holiday won't quite hit the Caribbean temperatures experienced in the capital this week, [...]
The number of new homes completed fell in the second quarter August 25, 2016 The number of new homes completed fell in the three months to the end of June on the year before, suggesting fears over the outcome of the EU referendum were worrying builders. Some 34,920 new homes were completed in the three months between the beginning of April and the end of June, two per cent [...]
A Brexit brick shortage is threatening to make the UK’s housing crisis worse August 25, 2016 If the housing crisis keeps you awake at night, start worrying about this: even if builders went on a housebuilding frenzy today, the UK would need 1.4 billion bricks – which it doesn't have. And that's without the effects of EU referendum… Figures published by the National Association of Estate Agents (NAEA) and Cebr today showed the average new [...]
You’ve got male: Jimmy Choo’s decision to man up has proven a hit August 25, 2016 Luxury shoe brand Jimmy Choo unveiled profits more towering than one of its signature wedges today, with operating profits rising more than 40 per cent. The figures Jimmy Choo said revenues had grown 9.2 per cent at reported currency rates in the six months to the end of June, or 3.8 per cent at constant currency. That pushed reported operating profit [...]
Gold loses its sheen as Randgold and Fresnillo tumble ahead of Jackson Hole August 24, 2016 The price of gold fell more than one per cent to $1,325.20 today, as investors nervously awaited an appearance by US Federal Reserve chair Janet Yellen later this week. The fall in gold prices hit FTSE-listed producers Randgold Resources, which fell 4.7 per cent to 7,640p, and Fresnillo, which dropped 3.7 per cent to 1,767.4p. Read [...]
