Workers in the City of London broke half a million in 2018 September 26, 2019 The number of workers employed in the City of London broke half a million last year, according to new data. Office of National Statistics data released today showed there were 507,000 workers in the City of London last year, up from 495,000 in 2017. Catherine Mcguinness, policy chair at the City of London Corporation, said: [...]
Hackers ‘tried to steal Airbus secrets’ in targeted cyber attacks September 26, 2019 Airbus has fallen victim to a spate of cyber attacks over the past few months via the computer systems of its suppliers and contractors, according to AFP news agency. The world’s second-largest aerospace group, which is also one of the world’s foremost weapons manufacturers, admitted it “is a target for malicious actors,” but would not [...]
City airport boasted lower fares than Heathrow and Gatwick last summer September 26, 2019 London City Airport has said its fares last summer were lower than both Heathrow and Gatwick on a route-by-route basis, as it sets itself up as a competitor to the two hub airports. The airport favoured by businesses and bankers also said it saw a 22 per cent increase in the number of local people [...]
MPs vote against break for Tory party conference September 26, 2019 MPs have voted to deny their Conservative colleagues a chance to go to their annual party conference which starts this weekend. Ministers asked the House of Commons to approve a three-day recess for the conference to go ahead. But MPs today voted against the proposal by 306 votes to 289. Read more: Government hints at [...]
Jaguar Land Rover to shut factories for a week after Brexit September 26, 2019 Jaguar Land Rover’s factories will shut up shop for a week in November to deal with Brexit, its boss has said. Asked whether the firm was thinking about shutting the plants, chief executive Ralf Speth said: “We cannot think about it, we just have to do it.” Read more: Car production numbers post rise for [...]
FTSE 100 rises as US-China trade talks boost European stocks September 26, 2019 European stocks climbed this morning as investors were buoyed by optimism over trade talks. Trade-sensitive technology stocks led the gains after the bell opened, with markets reacting to comments from China that its tariff negotiations with the US were progressing. The FTSE 100 rose 1.25 per cent to roughly 7,380, shrugging off a series of [...]
New IMF boss Kristalina Georgieva: Global economy must be prepared for downturn September 26, 2019 The incoming head of the International Monetary Fund (IMF) has warned that preparations for a global economic downturn “could soon be tested”. Kristalina Georgieva, who will succeed Christine Lagarde as the new IMF boss next month, said that warning signs are “now flashing”, echoing fears of an upcoming recession in the wake of geopolitical turmoil. [...]
Sofa retailer DFS warns fewer house sales will impact trading September 26, 2019 Furniture retailer DFS this morning warned that weakening consumer confidence and a slump in housing transactions has impacted sofa sales. The figures The company has changed its accounting reference date to 30 June, meaning this morning’s results cover a shortened 48 week period. Read more: DFS warns investors of volatile political threat to sales Profit [...]
Boris Johnson condemned over Jo Cox comments September 26, 2019 Prime Minister Boris Johnson has been criticised for dismissing Labour MPs’ calls to moderate his language in light of the murder of MP Jo Cox – a request he described as “humbug” in the Commons last night. Labour MP Paula Sherriff had asked Johnson to stop using language such as “betrayal”, “traitor”, and “surrender” when [...]
DEBATE: Does the Hong Kong Exchange boss have any chance of winning over LSE shareholders? September 26, 2019 Does the Hong Kong Exchange boss have any chance of winning over LSE shareholders? YES, says Benedict Spence, a freelance writer. The Hong Kong Stock Exchange’s takeover attempt may not sit well with some elements of the city, nor with some in Westminster, but at a time of insecurity over the future of the nation’s [...]