City Hall has opened talks with Parisian officials as it seeks a series of bilateral business deals August 10, 2016 City Hall has entered talks with French authorities as it seeks to secure collaborative deals with London's peers to boost business. Sadiq Khan's office has been keen to promote London's openness to trade since June's Brexit vote, and now the Mayor's teams are seeking to strike a series of city-to-city deals. Speaking to City A.M., [...]
Unauthorised overdraft charges can cost consumers more than payday loans, according to research from an online current account specialist August 10, 2016 Overdraft fees can cost as much as five times more than a pay-day loan according to figures from digital current account provider Ffrees. Borrowing £100 for a month on a short term loan can incur charges of as much as £20, but taking the same amount from an unauthorised overdraft could see consumers stung for £100, [...]
Labour has chosen local MP and Corbyn aide Steve Rotheram as its candidate for Liverpool’s metro mayoralty August 10, 2016 Labour members have chosen Jeremy Corbyn's parliamentary private secretary as their candidate to be Liverpool's first metropolitan mayor. Rotheram, who also served as lord mayor of Liverpool in 2008 and 2009, will fight to lead a region covering Liverpool, St Helens, Knowsley, Sefton, Wirral and the Cheshire borough of Halton. Incredibly humbled to be selected as Labour's candidate for Metro Mayor. [...]
One of the UK’s most senior political journalists is moving into government August 10, 2016 New culture secretary Karen Bradley has recruited The Sun's chief political correspondent to serve as a special adviser. Craig Woodhouse confirmed his move to the Department of Culture, Media and Sport on Twitter earlier today. After 11 wonderful years on Fleet Street it's time for something new. Hugely excited to be joining @DCMS as special [...]
Peppa Pig maker Entertainment One has turned down a £1bn takeover offer from ITV August 10, 2016 The firm behind the hugely successful children's TV show Peppa Pig has rejected a £1bn takeover bid from ITV. In a stock exchange announcement this morning, Entertainment One (EOne) said that the offer of 236p per share “fundamentally undervalues” the company, adding that its board had unanimously rejected the bid. Read More: Peppa Pig maker snorts [...]
Challengers lambast competition watchdog’s report for focussing on technology and ignoring red tape issues August 10, 2016 Challenger banks have lambasted the competition watchdog for squandering a rare opportunity for change in a sector dominated by larger players. Many of the UK’s up-and-coming lenders were disappointed that yesterday’s final report from the Competition and Markets Authority’s (CMA) retail banking investigation focused more on using technology to disrupt the sector than on tearing down some of the [...]
Levels of female representation in parliament must not be hit by the upcoming boundary review, a committee has warned August 9, 2016 The proportion of women in parliament must not be hit by an upcoming boundary review, a cross-party committee has warned. Parliament's women and equalities committee has launched a new inquiry into the impact of the review on female representation within the House of Commons. There are currently 192 female MPs in parliament – 30 per [...]
A former shadow business minister and enterprise adviser to Ed Miliband has vowed to quit Labour if Jeremy Corbyn is retained as leader August 9, 2016 A Labour peer who previously served as Ed Miliband's business adviser has vowed to quit Labour if Jeremy Corbyn is retained as party leader. Lord Parry Mitchell, a three-time technology entrepreneur who supported Miliband on enterprise from 2013 and previously served as shadow business minister, said he will resign over Corbyn's approach to anti-Semitism. Mitchell, who also [...]
Standard Life has seen profits climb to £341m, with assets boosted by both Brexit and auto-enrolment August 9, 2016 Standard Life has been boosted by an 18 per cent increase in pre-tax profits for the six months to 30 June, with its share price climbing in this morning's trading as a result. The pensions and investments firm has seen its price on the London Stock Exchange climb from a Monday close of 318.50p to [...]
Four things you need to know about today’s CMA retail banking report August 9, 2016 The Competition and Markets Authority (CMA) has published its long-awaited final recommendations for the UK's banking sector. Since the probe first launched in July 2014, the competition watchdog has faced intense scrutiny from all sides, with smaller institutions hoping the CMA will break up the “Big Five” banks – RBS, Lloyds, HSBC, Santander and Barclays [...]
