London mayoral election 2016: Green Party candidate Sian Berry defends plans to demolish London City Airport January 20, 2016 Sian Berry wants to multiply the number of Londoners walking, cycling and using public transportation – and she has no shortage of suggestions for how to make that happen. The Green Party candidate for mayor of London backs Crossrail, expanding Overground services, building more segregated cycle lanes and extending the so-called Mini-Holland town centre schemes [...]
Davos 2016: Two-thirds of UK CEOs say they will hire more in 2016, according to PwC survey January 19, 2016 Bosses at Britain’s biggest companies are investing in hiring and growth this year despite concerns about rising global risks, according to a major new survey out this week from PwC. Two-thirds of UK chief executives are planning to increase the size of their workforce and 64 per cent are planning mergers and acquisitions in the [...]
Business groups slam proposals for new £1000 annual tax on non-EU workers, saying levy will send message that UK is no longer open to international talent January 19, 2016 In a move that business groups say "sends a signal to the rest of the world that UK is not an attractive place to invest and do business", an expert committee has today recommended that the government tighten rules and impose a major new tax for employing non-EU migrant workers. The Migration Advisory Committee (MAC), a group of [...]
Morgan Stanley share price rises in pre-market trading as bank beats analyst expectations with fourth-quarter profit January 19, 2016 Morgan Stanley beat analyst expectations when it reported a fourth-quarter profit this morning, thanks to lower legal costs and compensation expenses. The Wall Street bank exceeded analysts’ expectations for both earnings and revenue, reporting 43 cents a share in profit on $7.9bn (£5.54bn) of revenue. Analysts had expected a quarterly profit of 33 cents a share on [...]
Bank of America share price rises in pre-market trading as bank reports 9.8 per cent rise in quarterly profit January 19, 2016 Bank of America beat analyst expectations this morning when it reported a 9.8 per cent rise in profit for the fourth quarter. The second-largest US bank by assets, Bank of America reported a profit of $3.34bn (£2.34bn), or 28 cents a share. Analysts had expected earnings of 26 cents a share, according to consensus compiled [...]
2016 Edelman Trust Barometer: Britons more likely to trust businesses than politicians or the media January 18, 2016 Britons are more likely to trust business than politicians or the media, according to new research out today. Communications group Edelman found in its annual “Trust Barometer” survey that 46 per cent of the general population trusted business, compared to 36 per cent who said they were confident in the government and an equal share [...]
Davos 2016: Economists say Oxfam claim that 62 people own as much as the poorest half of the world’s population is “meaningless and misleading” January 18, 2016 Economists have slammed Oxfam for claiming 62 people own as much as the poorest half of the world’s population, saying the statistics are “meaningless and misleading”. Oxfam, a global aid and development charity, issued a new report today, ahead of the World Economic Forum (WEF) annual meeting in Davos, claiming that the wealth of the [...]
Davos 2016: What the global elites will be talking about at this year’s World Economic Forum January 18, 2016 More than 2,500 of the world’s top business leaders, politicians, economists and celebrities from over 100 countries will descend on Davos this week, taking over the Swiss ski resort for the World Economic Forum’s 46th annual meeting. While the four-day meeting’s official theme is “Mastering the Fourth Industrial Revolution” – WEF’s way of describing the [...]
Clydesdale Bank gears up for next month’s IPO with roadshow and expected price range this week January 17, 2016 Clydesdale Bank is set to reveal the price range of its London listing this week, with investors expecting shares to be offered at a discount from the bank’s book value of between £2bn and 2.5bn. The British banking business, which is currently owned by National Australia Bank (NAB), announced its intention to float on both [...]
Government reportedly mulling over £400m to save Tata plant in Scunthorpe amid fears steel giant will axe another 1,000 jobs in Port Talbot January 17, 2016 Whitehall is reportedly considering loaning £400m to rescue Tata’s Scunthorpe plant, amid fears that the steel giant is gearing up to reveal more job cuts at its Port Talbot plant. The Sunday Times reported over the weekend that the department for business is weighing up a £400m loan as part of a takeover by the private [...]
