Oh thanks Sajid: Business secretary says women shouldn’t be forced to wear heels at work May 16, 2016 It's been criticised by activists. It's been the subject of a massive social media campaign. But now, like Naomi Campbell in a pair of Christian Louboutin's finest, the business secretary has stomped in to declare: women shouldn't have to wear high heels at work. Thanks for that. It's only been six days since the story broke… In a [...]
Housebuilder Crest Nicholson’s share price rises as it rides the house price wave May 16, 2016 Brexit threat? What Brexit threat? Crest Nicholson proved this morning that housebuilders continue to be on a high – despite market uncertainty. The figures In a trading update this morning, the housebuilder said it completed 1,206 homes in the six months to the end of April, up seven per cent from last year's 1,124 homes. Sales rate per outlet rose four per cent on [...]
Here’s what got you reading: This week’s best reads (and listens) May 13, 2016 With the mayoral election out of the way, the debate over Brexit heated up this week (and there are still 40 days to go…). On this week's podcast: How do you invest in gold? (Source: Getty) Here's what got you reading this week. 1. Chelsea and Adidas were torn asunder Who needs politics when you have [...]
Cranes down: Pound falls as UK’s construction output plummets in the first quarter of 2016 May 13, 2016 If you're a crane enthusiast, look away now: the UK's construction output suffered a shock slowdown in March, official figures have shown, as fears over the referendum began to bite. The pound was down 0.25 per cent, at 1.4415 against the dollar after the figures, which showed output in the sector fell 1.1 per cent in the first [...]
These are the 18 highest-paying jobs in London’s finance sector May 13, 2016 If you're thinking of moving into the finance sector, chances are the salary is going to be one of your main reasons. But which roles offer the megabucks? Salary benchmarking site Emolument.com has crunched the numbers – and found that with an average salary of £178,000 and a bonus almost as high, at £148,000, bankers in [...]
Apple just ploughed $1bn into this Chinese taxi startup May 13, 2016 So now we've found out exactly what Apple was planning to do with (some of) the vast amount of cash it has sloshing around its bank account. Overnight Didi Chuxing, a Chinese rival to Uber, which describes itself as "the world's leading one-stop mobile transportation platform", issued a rather gleeful statement overnight saying it had made [...]
City A.M. Unregulated podcast, episode 7: Is now the time to invest in gold? May 13, 2016 We know all that glitters isn't gold – but right now, with prices hovering around a 15-month high, is now the right time to start getting into the yellow stuff? Joining hosts Emma Haslett and Zak Mir are Women in Mining Chair Amanda Van Dyke and Capital Markets professional Bonnie Hughes, who explain how to get started [...]
This bank just moved into the Cheesegrater May 13, 2016 Lettings in the Cheesegrater, aka the Leadenhall Building, are creeping up: this morning the City's tallest skyscraper announced the newest of its tenants. Clydesdale Bank has signed a 15-year lease on the 17,300 sq ft 15th floor of the building, British Land and Oxford Properties, which co-own the building, said this morning. That pushes lettings at the [...]
Brazilian President Dilma Rousseff stands down ahead of impeachment trial May 12, 2016 Brazil's Senate has brought down President Dilma Rousseff, after they voted strongly in favour of putting the embattled politician on an impeachment trial. Following a marathon overnight debate, senators voted 55-22 to try Rousseff for breaking budget laws. The rules mean Rousseff has been suspended from office ahead of her trial. Read more: Rousseff's impeachment is Brazil's [...]
Hotel Chocolat’s on a sugar high as share price jumps on its first day of trading May 10, 2016 It's a pretty sweet day for Hotel Chocolat founders Angus Thirlwell and Peter Harris, after shares in the company jumped on its first day of trading today. After the company priced shares at 148p last week, valuing the company at £167m, they jumped to 175p as the market opened, and were hovering 8.5 per cent higher at 193p in mid-morning trading. Hotel [...]
