City A.M.’s Rio 50: These are the 50 most marketable athletes at the Rio 2016 Olympic Games August 3, 2016 Do you thrill to the Mobot? Or tingle when Jess Ennis-Hill ducks for the line? Perhaps it’s Usain Bolt’s signature To Di World celebration, an Andy Murray fist pump, or gymnastics doyenne Simone Biles cheekily winking during a floor routine that brings out the goose-pimples. Everyone has their favourites: those sportsmen and women who we [...]
This Big Four accountant has just reduced its recruitment process after millennials whined August 2, 2016 Say what you like about millennials, but they know how complain. Big Four accountant KPMG has just revealed plans to cut the length of its hiring process, after millennials whined. Apparently, millennials (those born after 1980) said the interview process for graduate roles, which at KPMG involved a first interview, an interview at an assessment centre [...]
Home ownership has fallen to its lowest in 30 years across all major English cities – not just London August 2, 2016 Home ownership has fallen to levels last seen in the UK in 1986, a major new report has revealed – and it's not just in the capital where it's hitting hardest. The report, by think tank the Resolution Foundation, showed the proportion of Britons owning their own home has fallen eight percentage points since it peaked at [...]
Yes, Selfridges has just opened its Christmas shop and this is what it looks like August 1, 2016 Is that a little bit of Scrooge spirit we sense spreading across the capital? That would be because Selfridges became the world's first department store to open its Christmas shop. Bah, humbug. The retailer has put 50,000 decorations on display, with plans to expand the store later this year to accommodate another 70,000 decorations. When the [...]
The proportion of women in the higher-rate tax bracket has not changed in five years August 1, 2016 FTSE 100 boards may be more female-heavy than ever before – but the number of female high earners has remained stubbornly static in recent years, new research has suggested. Analysis of data from HM Revenue & Customs by law firm Clyde & Co has shown that although the number of higher-rate taxpayers has increased by 1m [...]
Qatar Airways just bumped up its stake in British Airways and Aer Lingus owner IAG August 1, 2016 Qatar Airways said this morning it had bumped its stake in the owner of British Airways up to 20 per cent. The company, which announced last month it had bought a 15.67 per cent stake in the airline, said it now owns 20.01 per cent of International Airlines Group (IAG), which also owns Aer Lingus [...]
Burberry puts more emphasis on the Chinese market as it buys up the remaining stake in its retail operation there August 1, 2016 Asia has proved a mixed bag for UK businesses in recent months, with some banks doing everything they can to manoeuvre out of the continent as volatility continued to rock markets. But now Burberry has taken the bold decision to move further into the Chinese market, buying the remaining 15 per cent stake in its Chinese [...]
Psychopaths in the office, and why Theresa May’s big business ethics shakeup is going nowhere July 29, 2016 I read an article the other day that measured Donald Trump against the Hare Psychopathy Checklist. No prizes for guessing the result. But in this age of big characters in both business and politics, how many more high-profile individuals couldn’t pass the test? According to a sample study of 203 corporate professionals selected by their [...]
Sigh. Yes, the Treasury has a cat too July 29, 2016 City A.M. prides itself on reporting the most important financial news as soon as it happens. No matter how small the story, we make sure you are up to date with everything going on in the financial sector. And so, it is with a deep and shuddering sigh we bring you the news that, like 10 [...]
Exxon Mobil profits plummet as oil prices keep on sliding July 29, 2016 Exxon Mobil had a difficult first half, with earnings sliding 62 per cent, results posted today showed. The figures Earnings fell 62 per cent to $3.5bn in its first half – and skidded 59 per cent to $1.7bn in the second quarter alone. That pushed earnings per share down 59 per cent in the second quarter, to $0.41. Meanwhile, upstream earnings fell to $294m, down $1.7bn from the [...]
