What to expect from chancellor Philip Hammond’s Budget October 28, 2018 Ahead of tomorrow's Autumn Budget City A.M. looks at the areas that chancellor Philip Hammond is likely to focus on in his last chance to tweak the UK’s fiscal regime before the Brexit deadline in March Roads Hammond is expected to announce almost £30bn for new road projects and repairs which will be partially funded [...]
Ryanair investor calls for new chair at budget airline following strikes October 28, 2018 Ryanair shareholder the Local Authority Pension Fund Forum’s (LAPFF) today called for the replacement of the budget airline’s chair David Bonderman and for a succession plan for its boss Michael O’Leary. LAPFF, which owns approximately one per cent of Ryanair’s shares, said it plans to file resolutions at Ryanair’s annual meeting (AGM) next year to [...]
It was just banter says Sir Philip Green on sexual harassment allegations October 28, 2018 Under-fire Topshop boss Sir Philip Green dismissed sexual harassment and bullying claims as “banter” over the weekend. Last week in the House of Lords Peter Hain named Green as the tycoon at the centre of a series of sexual harassment claims which the courts had prevented the media from reporting. Speaking to the Mail on [...]
Serious Fraud Office chief steps back from Barclays case over conflicts October 28, 2018 The new director of the Serious Fraud Office (SFO) Lisa Osofsky has recused herself from the prosecution of four former Barclays bankers over potential conflicts of interest. The fraud office said she had delegated responsibility for the case to the SFO’s general counsel Alun Milford to “avoid any potential conflict” thrown up by previous private [...]
Lloyds Banking Group could face £150m pensions hit after court ruling October 26, 2018 Lloyds Banking Group could have to pay out up to £150m after the High Court ruled today that it should equalise payments for male and female members of its pension scheme. Three female members of the pension scheme had complained they were being discriminated against as their pensions increased at a lower rate than that [...]
Suspect arrested after pipe bombs addressed to Democratic senator and former intelligence chief intercepted October 26, 2018 A suspect has been arrested in connection with the pipe bomb campaign against prominent critics of US President Donald Trump. Federal authorities arrested a man in Florida, US officials say. The arrest comes hours after two further home made bombs addressed to former US intelligence head James Clapper and Democratic senator Cory Booker were intercepted [...]
Ryanair says it apologised to passenger who was victim of racism October 26, 2018 Budget airline Ryanair has issued a statement today saying it apologised to the victim of racist abuse on one of its flights. Video footage emerged of passenger Delsie Gayle being called an “ugly black b******” by fellow passenger David Mesher on a flight to Barcelona last Friday. In its statement Ryanair said it only became aware [...]
Stock market slide continues after Amazon fails to deliver the goods October 26, 2018 The UK stock market slide has continued this morning after disappointing overnight results from US tech giants Google and Amazon. Joshua Mahony, market analyst at IG, said: “European markets are in decline yet again, with the stock market rout that has dominated throughout the month of October showing little signs of letting up.” The FTSE [...]
Heathrow hits record 60m passengers but profits fall on security costs October 26, 2018 Heathrow Airport served a record 60.5m passengers in the first nine months of 2018 but suffered a drop in profit on increased security costs. Pre-tax profit fell 7.4 per cent in the nine months to 30 September to £212m from £229m. Revenue climbed 2.3 per cent to £2.211bn, however operational charges increased with investments to [...]
Singaporean developer snaps up City tower in £385m deal October 26, 2018 Singaporean-listed City Developments Limited (CDL) has acquired a 26-storey tower overlooking the Bank of England for £385m from Blackstone Group. The deal, announced today, represents one of the largest single asset sales in the City of London this year. The property at 125 Old Broad Street occupies a site of 0.7 acres directly overlooking the [...]
