London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Eurozone to finally take the plunge with €1.1 trillion bond buying programme January 21, 2015 European officials are widely expected to announce a substantial bond buying programme today in an attempt to revive the Eurozone’s ailing economy. Reports from Frankfurt suggest the purchases will amount to €50bn (£38bn) a month until the end of 2016. Some reports suggest it could start as soon as March which would put the scheme’s [...]
Apple swallows $50m Tech City music startup January 21, 2015 A SHOREDITCH-based music data firm has been quietly snapped up by tech giant Apple in a deal estimated to be worth $50m (£33m). Fresh from its $3bn takeover of Dr Dre’s Beats headphone brand, it was yesterday revealed that Apple has taken over Semetric in a deal believed to have occurred last year. The move [...]
Deloitte Money League: Premier League teams dominate football rich list January 21, 2015 Fresh evidence of English football’s financial supremacy has emerged after research found that all 20 Premier League teams have made it on to a new list of the world’s 40 richest clubs. Manchester United, Manchester City, Chelsea, Arsenal and Liverpool are all in the top 10 of Deloitte’s Football Money League, which ranks clubs by [...]
David Cameron and Ed Miliband clash as UK unemployment hits a six-year low January 21, 2015 Unemployment has dropped to its lowest rate since 2008 according to official figures, which also show pay continuing to beat inflation. The jobless rate dropped to 5.8 per cent in the three months to November, according to data released yesterday by the Office for National Statistics. Pay including bonuses rose 1.7 per cent [...]
Down to Davos for world elite January 21, 2015 ENTREPRENEUR Sir Richard Branson, musician Will.i.am and Prince Andrew all arrived at the World Economic Forum’s annual meeting in Davos yesterday. While Will.i.am took to Twitter to describe how he was “steady chillin in #davos” with Branson, other delegates arriving included WPP chief executive Sir Martin Sorrell, chancellor George Osborne and Aberdeen Asset Management boss [...]
Economists set out forecasts for ECB bond buys January 21, 2015 CITY economists agree the European Central Bank (ECB) will announce over €500bn (£330bn) of bond buying today but remain sceptical about its form and impact. Goldman Sachs’ economists think only partial details of a quantitative easing programme of up to €1 trillion will be revealed by ECB president Mario Draghi today, due to delays over [...]
MPs to vote on plain packaging before election January 21, 2015 Rules on enforcing plain packaging for cigarettes, similar to Australia’s move to ban advertising on the packaging of cigarettes in 2012, could be introduced in the UK by May. Health minister Jane Ellison made the surprise announcement last night that the government would propose a bill before the next general election for MPs to vote [...]
Forex probe could stop Bank of England access to market data January 21, 2015 The Bank of England risks losing access to vital sources of market data thanks to banks cracking down on traders gossiping, Lord Grabiner warned yesterday. Top barrister Grabiner was hired to investigate what Bank of England staff might have known about foreign exchange manipulation. He found an informal relationship between Bank officials and traders, with [...]
WPP boss pledges to support pro-EU business campaign January 21, 2015 ADVERTISING guru Sir Martin Sorrell yesterday responded to Peter Mandelson’s call for pro-European UK business leaders to organise and support the effort to keep Britain in Europe. Sorrell told City AM yesterday that: “the pro-European movement should be better organised”, saying he was “personally…prepared to help.” Sorrell clarified that he was making “no criticism” of [...]
Cuadrilla hit by planning issues over Lancashire frack sites January 21, 2015 The UK’s burgeoning shale gas industry was dealt another blow yesterday after it was revealed that Lancashire County Council’s planning officers have recommended that Cuadrilla’s applications to develop sites in the region be refused. The natural resources exploration and production company has applied to drill, hydraulically fracture, or frack, and test the flow of gas [...]
