Brexit vote? What Brexit vote? The rise of the discounters is still hitting supermarkets’ market shares July 26, 2016 The results of last month's EU referendum may have sent markets reeling, but it seems the supermarket sector has continued as it was before – namely, with market shares sinking for all of the big four. Figures by Kantar Worldpanel showed the Brexit vote had "no immediate impact" on the prices retailers were charging or [...]
It’s International Busking Day: Here’s what’s happening in Trafalgar Square today July 23, 2016 Today is International Busking Day, and the capital is celebrating with a line-up of our favourite musicians, in Trafalgar Square from 12pm to 8pm. Although mayor Sadiq Khan launched it yesterday with the likes of Corinne Bailey Rae, Olly Murs and an awkward photoshoot with British pop rock band The Vamps, today’s line-up includes London’s best-known [...]
Pound extends losses as UK economy contracts at “fastest pace since 2009” July 22, 2016 The pound edged nearer a post-referendum low against the dollar in more than five years after figures this morning showed the UK's economy has contracted at its "steepest pace since early 2009". The pound was down more than one per cent against the dollar in lunchtime trading, at $1.3096, and almost 0.9 per cent against the euro, at [...]
Estate agents, housebuilders and other property shares slide on downbeat house price forecasts July 22, 2016 Property companies were the FTSE's biggest fallers this morning, after a raft of downbeat forecasts surrounding the UK's housing market. Countrywide, the UK's largest estate agent, was one the biggest faller on the FTSE 250 in early trading, with its shares falling 7.2 per cent to 233.7p. However, property portal Zoopla and Crest Nicholson were also both [...]
City A.M. Unregulated podcast: Mad Men on a shoestring? The art of marketing on the cheap July 22, 2016 This week City A.M. Unregulated comes over all Don Draper, as it discusses the art of marketing on the cheap. Are big campaigns just for the multinationals or can small businesses play the game too? We're joined by Barry Jones, chairman of WPP's Hogarth Worldwide, and Shona Ghosh, producer of the Marketing Mind podcast. Enjoyed this [...]
Record sales for supercar maker McLaren July 21, 2016 British supercar maker McLaren Automotive today reported record sales – adding it expects that figure to double this year. The figures The company said it had made 1,654 deliveries in 2015 – only marginally higher than last year's 1,649, but nevertheless a record figure. Sales revenue fell 5.2 per cent to £450.6m, while pre-tax profits fell 63.8 per cent, [...]
HSBC had investigated foreign exchange trade and found no breach of conduct July 21, 2016 HSBC conducted its own internal investigation into a $3.5bn (£2.65bn) currency trade over which two of the bank's top traders were charged yesterday, it has been revealed. The Financial Times reported today that an internal investigation by HSBC three years ago found nothing wrong with the transaction. The bank allegedly conducted the review after a foreign exchange scandal erupted [...]
Why most businesses never reach £1m turnover July 21, 2016 Quick quiz: how many years does it take a half-million-pound business to cross the £1m mark if it grows at three per cent every year? Answer: 24 years. Why three per cent? It’s the dreaded Hindu rate of growth — just enough to keep pace with inflation — that many businesses find themselves trapped in. [...]
Eight technologies Elon Musk revealed Tesla is working on in his plan for world domination July 21, 2016 Tesla founder Elon Musk has already pioneered electric and driverless vehicles (to varying degrees of success). Now he has unveiled what the business will do next. Yep: having pulled an all-nighter to finish putting it together, last night Musk unveiled "Master Plan, Part Deux" – 10 years after he wrote the company's original plan. Today's [...]
Oh, we do like to be beside the seaside: These are the best seaside towns to invest in property July 21, 2016 Dreaming of a life by the sea? You could do a lot worse than buy a house in Margate, new research has suggested. Zoopla's 2016 Seaside Property League said house prices in the town – which has become a haven for London hipsters after the opening of its Turner Contemporary gallery – have risen 12.5 per [...]
