Presidents Club scandal: Bank of England and WPP cut ties with the charity after allegations of groping and harassment at its men-only charity event January 24, 2018 Advertising giant WPP and the Bank of England have both severed all ties with charity organisation The Presidents Club, after an investigation revealed shocking levels of groping and sexual harassment of hostesses taking place at its men-only charity dinner. An investigation by the Financial Times revealed hostesses at the annual event, which is accompanied by [...]
Carillion shouldn’t be brought under state control, but maybe central banks should be January 24, 2018 A strong thread in the acres of print about the Carillion debacle is that the private sector should not really be involved in infrastructure projects. The public sector would, apparently, do it better. Readers who experienced life under the nationalised rail and telephone systems might be forgiven their scepticism. One idea which is taking hold [...]
World’s richest clubs 2018: West Ham climb to 17th as Manchester United top Deloitte Football Money League January 23, 2018 West Ham have been named the 17th richest club in the world after their move to the London Stadium helped them to climb the latest edition of Deloitte’s Football Money League. The Hammers jumped four places in the annual list, published today, after they increased revenue last season to £183.3m (€213.3m). The club’s rise in [...]
World’s richest clubs 2018: Tottenham Hotspur climb to 11th as Manchester United top Deloitte Football Money League January 23, 2018 Tottenham’s growing financial strength has seen them become the 11th richest club in the world, according to the latest edition of Deloitte’s Football Money League. Spurs moved up one place in the annual list, published today, after they increased revenue last season by £96.4m to £305.6m (€355.6m). The north Londoners benefited from their highest ever [...]
World’s richest clubs 2018: Chelsea stay ahead of Liverpool in eight place as Manchester United top Deloitte Football Money League January 23, 2018 Chelsea have held on to their place in the top 10 of the world’s richest clubs, according to the latest edition of Deloitte’s Football Money League. The Blues remain eighth in the annual list, which is published today, after they increased revenue last season by £33.2m to £367.8m (€428.0m). Their earnings were boosted by winning [...]
World’s richest clubs 2018: Arsenal overtake Paris Saint-Germain to take sixth place as Manchester United top Deloitte Football Money League January 23, 2018 Arsenal have overtaken Paris Saint-Germain as the sixth richest club in the world, according to the latest edition of Deloitte’s Football Money League. The Gunners’ revenue for last season of £419.0m (€487.6m) made them the third highest-placed English team in the annual list, published today, behind only Manchester United and Manchester City. The north Londoners [...]
World’s richest football clubs 2018: Manchester United hold off Real Madrid and Barcelona in Deloitte Football Money League January 23, 2018 Manchester United have retained their billing as the world’s richest club after they pipped European champions Real Madrid to first place in Deloitte’s Football Money League. United, who benefited from winning the Europa League and lucrative new Premier League broadcast contracts, outstripped Real and Barcelona last season despite the fall in value of the pound. [...]
Brexit transition deal needed “urgently” to avoid cliff edge warns European banks group January 22, 2018 Politicians on both sides of the Channel must “urgently” agree a Brexit transition deal to avoid a legal and regulatory cliff edge which would cause chaos for firms and threaten financial stability, according to a lobby group for Europe’s biggest banks. The Association for Financial Markets in Europe (Afme), which counts JP Morgan, Lloyds, and [...]
The European Union stands to benefit from a City Brexit deal January 22, 2018 French President Emmanuel Macron made quite an impression during his brief visit to the UK last week. Not since the visit of President Obama in 2011 has the British media been quite so excited about catching a word from a visiting politician. Angela Merkel may be a step closer to forming a government (Berlin watchers [...]
A tale of two economies: Data to show slower UK GDP growth as European Central Bank acknowledges Eurozone boom January 21, 2018 Economists expect new government data this week to show UK growth slowed down last year, as the European Central Bank (ECB) adjusts to a Eurozone pulling further away in a tale of two economies. Forecasts collected by the Treasury show independent economists expect GDP growth to hit 1.7 per cent for 2017 overall in figures [...]