Say what you like about the EU referendum – but Brexit isn’t going to hit UK house prices June 13, 2016 Why leaving or staying will have no impact on house prices In the run-up to next Thursday’s referendum, there have been some flabbergasting claims made by both sides. Suppositions made include the premise that leaving the European Union would lead to war and recession (although it was not made clear in what order these will [...]
Asda swaps Clarke for Clarke as chief exec says he’ll step down next month June 13, 2016 Well, that was sudden: we knew Asda chief executive Andy Clarke was planning on going – but now the supermarket's owner has said Clarke will step down next month. In a statement this morning Asda confirmed reports Clarke, who has been at the company for more than 20 years – six of which have been [...]
G4S share price falls to eight-year low as it emerges it had employed Orlando killer Omar Mateen for nearly a decade June 13, 2016 Shares in London-listed security outsourcer G4S fell 6.4 per cent in early trading after it emerged the company had employed Omar Mateen, the man accused of killing 50 people at a gay nightclub in Orlando in the early hours of yesterday morning. Shares in the company, which employs 618,000 people, fell to 175.1p, its lowest since [...]
Chinese Uber rival Didi Chuxing raises another $600m – one month after it got $1bn from Apple June 13, 2016 Chinese Uber rival Didi Chuxing has just unveiled another $600m (£423m) round of funding – exactly one month after Apple ploughed $1bn into it. China Life made an equity investment of $300m and a long-term debt investment of two billion yuan, about $305m. Didi Chuxing said the two companies had committed to a partnership on internet-powered financial innovation and other initiatives – [...]
From sausage rolls to california rolls: Pasty purveyor Greggs is about to get healthier, its chief executive says June 13, 2016 There's no easy way to say this. Greggs, everyone's favourite purveyor of pasties and sausage rolls, has announced plans to go healthy (or healthier). The bakery chain, which in recent years has introduced "healthy" options such as sandwiches (and began selling flat whites in January), said healthy food now makes up 10 per cent of [...]
CBE for Punks? Tracey McDermott, Brewdog founders and Aldermore boss receive awards in Queen’s Birthday Honours list June 10, 2016 The Queen has named the acting chief executive of the Financial Conduct Authority (FCA), the founders of craft brewery Brewdog and the boss of challenger bank Aldermore in her birthday honours list. Tracey McDermott, the soon-to-depart acting chief executive of the Financial Conduct Authority, will receive a CBE for services to financial services consumers and markets as part [...]
Museum of London has just unveiled six architects’ ideas to revive Smithfield Market June 10, 2016 The dilapidated Smithfield Market has lain empty for the past 20 years – but it could be about to be given a new lease of life after the Museum of London, its new owner, unveiled six designs for its regeneration. In July last year City A.M. revealed that the City of London was in talks [...]
Burberry chief operating officer John Smith to step down days after it was revealed his pay has fallen 45 per cent June 10, 2016 Burberry chief operating officer John Smith has announced plans to step down after seven years on the board. The luxury brand, whose shares have fallen 35 per cent in the last year thanks to difficulties in Asia, said Smith will depart by next summer in order to "pursue new interests". The news comes days after Burberry [...]
The price of a pint has risen 15,600pc in the Queen’s lifetime – but the value of money has fallen each year June 10, 2016 Here's one to raise your glass to tonight: the price of a pint has risen by 15,633 per cent since the Queen was born 90 years ago. Er – cheers? But while booze is no longer a bargain, research by Lloyds Bank Private Banking also found the value of money has fallen by an average of [...]
Queen’s 90th birthday flypast 2016: How to watch it, what time it’s happening and which RAF aircraft are taking part June 10, 2016 It's not just the Queen being given presents for her 90th birthday – tomorrow, people across the capital will enjoy the spectacle of a birthday flypast as part of a weekend of celebrations, featuring dozens of RAF aircraft. Have questions? Here's everything we know. Latest: See pictures from the flypast and the Queen's rather rainy street party. What time [...]
