Sacre bleu: Eurostar staff’s work/life balance strike started at St Pancras this morning – here’s what you need to know August 12, 2016 The good news is that if you're planning on travelling to Paris today, things might not be as bad as expected – despite the fact RMT union members have put up pickets at St Pancras as they began the first stage of their work/life balance strike. The strike – which, lest we forget, was voted for [...]
What IEA report? Oil prices are back above $46 August 12, 2016 Brent crude oil prices rallied back above $46 this morning, after yesterday's hint by the Saudis that they might take further action to stabilise oil prices. Brent crude, the international benchmark, climbed 0.87 per cent to $46.44 in early trading in London – although its US counterpart, West Texas Intermediate, was at $43.90, 0.94 per cent [...]
Garfunkel’s owner Restaurant Group has a new chief executive August 12, 2016 Garfunkel's owner Restaurant Group has taken a punt on the former chief executive of Paddy Power as its new chief executive. The company said today it was replacing Danny Breithaupt with Andy McCue, who stepped down form his role of chief operating officer of Paddy Power earlier this year. McCue had held the role of chief executive at [...]
One chart showing what would happen to the UK’s GDP if you stripped out London August 11, 2016 Since the Brexit vote and the ensuing realisation of a divide in national political priorities, an increasing amount of noise has been made about turning London into its own state. Admittedly, that's pretty unlikely – but figures put together for City A.M. by Statista using research from German think tank Institut der deutschen Wirtschaft suggests what might happen [...]
Arianna Huffington steps down as Huffpost editor-in-chief August 11, 2016 Arianna Huffington has announced she will step down as editor-in-chief as the Huffington Post, the online news outlet she founded. In a statement today she said she was stepping aside to focus her attentions on Thrive Global, the new health startup she unveiled in June. Read more: These are the 20 richest billionaires in tech "One [...]
Businesses went berserk for office space in central London after the Brexit vote August 11, 2016 Businesses flooded back into central London after the Brexit vote, new research has suggested – with the amount of new office space leased by firms jumping by 24 per cent. Research by CBRE suggested businesses leased 980,400 sq ft of office space in July, a quarter more than in June and the strongest monthly average [...]
These are the world’s most and least dangerous jobs (there’s a good chance your career is pretty safe) August 11, 2016 City A.M. has no doubt its readers are a thrill-seeking, adventurous bunch. At work, it seems they're rather more cautious – because it turns out financial sector roles are among the least dangerous jobs out there. According to research by US jobs site CareerCast.com, accountant/auditor is the world's safest job – although with an average salary [...]
Quids in: Steinhoff just raised its offer for Poundland August 11, 2016 Steinhoff's long-running attempt to buy Poundland (at significantly more than a pound) took another twist this morning, after the South African retail conglomerate hiked its bid for the retailer discount retailer. In a statement this morning the Bensons for Beds owner said it it will now pay 227p in cash for each Poundland share (225p per [...]
Cut Lloyds boss Antonio Horta-Osorio some slack: His “tryst” doesn’t make him worse at his job August 11, 2016 Not since Fred the Shred was at his most dastardly has a banking boss made the gossip pages of the tabloids. But this week Lloyds boss Antonio Horta-Osorio strolled into the headlines hand in-hand with Russell Group director general Dr Wendy Platt, after The Sun revealed an alleged tryst between the pair The paper’s report [...]
Police investigate Heathrow Airport security pass scam August 10, 2016 Scotland Yard is investigating an alleged scam involving airside security passes for Heathrow Airport, it has been reported. Sky News reported two young women, thought to be airport workers, had been arrested. "We can confirm that officers from the Met's Aviation Policing Command are investigating an allegation of fraud," said a spokesperson for the Metropolitan Police. [...]
