Costain shares crash as firm hits up investors for £100m March 11, 2020 Shares in engineering firm Costain plummeted 34 per cent today as it revealed plans to launch a £100m fund raise to bolster its balance sheet. Costain’s stock slumped to 104.8p after the announcement, which came off the back of a £6.6m loss before tax in 2019 – compared to a £40.2m profit in 2018. The [...]
Top chef José Pizarro talks about his mother’s stew, and making food so good it makes his diners frisky March 11, 2020 Each week we ask a top chef about their life in food. This week: José Pizarro. Who are you? I am José Pizarro, a Spanish chef who calls London home after living here for 20 years. I have published cookbooks on Spanish food and have four restaurants. What’s new? I recently launched rooms at my [...]
Budget 2020: UK regions to get their own trade envoys March 11, 2020 New trade envoys representing the UK’s individual regions will be posted to embassies around the world. Chancellor Rishi Sunak unveiled a swathe of measures to “level up” less well-off regions outside of London in his inaugural Budget speech yesterday. Included among them was a pledge to create “dedicated trade envoys representing the North, the Midlands, [...]
FTSE 100 sees red despite rate cut and £30bn coronavirus Budget pledge March 11, 2020 The FTSE 100 closed down 1.4 per cent today as the dual impact of interest rate cuts and new coronavirus stimulus measures failed to impress investors. London’s blue-chip index had jumped as much as 2.1 per cent earlier in the day after the Bank of England announced it would slash UK interest rates to protect [...]
Budget 2020: Government announces review of UK funds regime March 11, 2020 The government will open a review into the VAT treatment of fund management fees as part of a wider look at the UK funds regime. Annual management charges levied by fund houses are currently VAT-fee, but the fees clients pay are subject to the tax. The consultation forms part of a broader review of the [...]
The Thick of It’s Chris Addison talks about the limits of satire, the trials of being a parent and his new show, Breeders March 11, 2020 He rose to fame as a stand-up comedian and became a household name playing The Thick of It’s hapless SpAd Ollie Reeder. Now, after a spell in Hollywood, Chris Addison is returning to British screens with his new sitcom Breeders, directed alongside Simon Blackwell and starring Martin Freeman. It’s a biting comedy about the sleepless [...]
2020 Budget live: City reacts to Rishi Sunak’s spending plans March 11, 2020 Welcome to City A.M.’s 2020 Budget Day live blog. Please refresh your browser for live updates. Chancellor Rishi Sunak is expected to address fears over the economic impact of coronavirus, and announce waves of new infrastructure spending and changes on taxation in his 2020 Budget. It comes after Bank of England governor Mark Carney earlier [...]
Jet2 dodges airlines malaise as budget carrier raises profit forecast March 11, 2020 Jet2 owner Dart Group today bucked the current airlines malaise, raising its profit forecast for the second time in six months despite the pressure being exerted on the aviation industry by the coronavirus outbreak. In a trading update, the airline said that until “very recently” customer demands for its package holidays had remained “consistently strong” [...]
EXCLUSIVE: London mayor hopeful Rory Stewart pledges to fund Hammersmith Bridge repairs March 11, 2020 Rory Stewart will guarantee funding for the £95m Hammersmith Bridge repairs if elected mayor. The independent candidate today pledged to underwrite the cost of repairing the bridge in his first week in office from Transport for London’s (TfL) capital account. A bid for government funding has been lodged with the Department for Transport (DfT). However, [...]
Budget 2020: What does the Red Box mean for UK tech firms? March 11, 2020 Chancellor Rishi Sunak today unveiled a raft of new fiscal measures as he vowed to deliver on the government’s promise of “levelling up” the UK. Sunak, who took over at No 11 just a month ago, put the coronavirus front and centre of his new policies as the number of cases continues to rise. But [...]
