Metro Bank share price up as unconditional trading begins on London Stock Exchange and Jefferies initiates coverage with a buy March 10, 2016 Shares in Metro Bank are trading above the price of the British challenger bank's initial public offering (IPO) today, the first day of unconditional trading for the stock on the main market of the London Stock Exchange (LSE). The stock is trading at 2,200p per share this morning, compared to an IPO price of 2,000p per [...]
Mayors should vow that nobody working in their city will have have to commute for more than one hour – IPPR North March 10, 2016 Can the mayor control your commute? One leading think tank thinks so. The new mayors of some of Britain's biggest cities should vow that nobody working in their region will have to commute for more than one hour by bus, the Institute for Public Policy Research (IPPR) is arguing in a new report out today. [...]
British businesses are hiring 25 per cent more apprentices as firms record a slowdown in graduate recruitment March 10, 2016 British businesses are offering 25 per cent more apprenticeships this year compared to last year, but graduate vacancies are up by just two per cent over the same period, according to a new report out today from the Association of Graduate Recruiters (AGR). According to AGR, the figures mark a significant slowdown for graduate programmes compared to last [...]
London mayoral election 2016: Exclusive new poll figures show Zac Goldsmith is seen as being more pro-business than Sadiq Khan by a 26-point margin March 10, 2016 Conservative mayoral candidate Zac Goldsmith is seen by London firms as being more pro-business than his Labour rival Sadiq Khan by a 26-point margin, according to a new poll seen exclusively by City A.M. Nearly two-thirds of London businesses think Goldsmith is pro-business, while just under four in 10 say the same of Khan, according [...]
UK immigration: British Bankers Association (BBA) says plans to tighten immigration rules would undermine the City March 10, 2016 Plans to tighten immigration rules and impose a new tax for employing non-EU migrant workers would damage the City, a leading business group is warning today. Less than one week before chancellor George Osborne delivers his 2016 Budget, the British Bankers Association (BBA) said that plans to raise the minimum annual salary requirements for skilled [...]
Sunday trading hours: Government defeated over plans to relax rules surrounding Sunday trading hours March 9, 2016 MPs dealt a major blow to Prime Minister David Cameron and chancellor George Osborne tonight by defeating government proposals to relax rules surrounding Sunday trading hours in England and Wales. In a rare House of Commons defeat for Cameron, MPs voted 317-286 to reject the government's plans. At least 20 Conservative MPs are understood to have rebelled. [...]
EU referendum: Justice secretary Michael Gove reportedly to chair the pro-Brexit Vote Leave campaign committee March 9, 2016 Justice secretary Michael Gove is reportedly being lined up to chair the campaigning committee of Vote Leave. ITV reported this afternoon that Gove will chair the campaigning committee, while Labour MP Gisela Stuart is set to chair the campaign group's formal board, replacing former chancellor Lord Lawson. Vote Leave is one of multiple eurosceptic groups vying for official campaign [...]
PMQs today: Labour leader Jeremy Corbyn says government is cutting corporation tax while child poverty rates are going up March 9, 2016 Labour leader Jeremy Corbyn has accused Prime Minister David Cameron of putting the interests of corporations over those of poor children. In Prime Minister's Questions (PMQs) today, Corbyn said that chancellor George Osborne "found another £6.6bn to lower corporation tax, despite our corporation tax being lower" than most other major economies. Corbyn went on to cite [...]
London mayoral election 2016: Zac Goldsmith insists only he can deliver Crossrail 2 while Sadiq Khan launches manifesto with Dame Tessa Jowell March 9, 2016 Conservative mayoral candidate Zac Goldsmith has accused his Labour rival Sadiq Khan of being unable to deliver key infrastructure projects for the capital, on the same day that Khan launches his campaign manifesto. According to Goldsmith’s campaign, £44.2m in investment has been committed to the Crossrail 2 project so far – just a fraction of [...]
Sunday trading laws: More than 100 Tory council leaders back the government ahead of vote to devolve powers over Sunday trading to local authorities March 9, 2016 More than 100 Tory council leaders have backed government plans to devolve powers over Sunday trading laws to local authorities, ahead of a vote today in the House of Commons on whether to give councils in England and Wales the freedom to decide if larger stores can stay open for more than six hours on Sundays. [...]
