Activist investor launches searing attack on Just Eat over poor returns December 17, 2018 One of Just Eat's shareholders has slammed the company’s management, saying the firm has become the “worst-performing public equity in online food delivery”. Cat Rock Capital, which holds a two per cent stake in Just Eat, urged the board to offload non-core assets, provide a three-year financial plan and change pay incentives for executives in a [...]
Brexit case: European Court says Article 50 can be reversed December 4, 2018 The Court of Justice of the European Union (CJEU) said today that Article 50 could be reversed, halting the UK's exit from the European Union. Spanish judge, advocate general Campos Sanchez-Bordona, said in his non-binding opinion that reversing Article 50 would be within the powers of the UK as a sovereign state. He said: “Withdrawal from [...]
Dick Whittington at Lyric Hammersmith pantomime review: wholesome fun for children and utter filth for adults November 30, 2018 Dick Whittington at the Lyric Hammersmith is just the smutty, heart-warming silliness you need to kick off the festive season. Like all good panto, it works on two levels, with wholesome fun for children and utter filth for adults. In writer-director Jude Christian’s production Dick Whittington (Luke Latchman), a good-natured simpleton from Cardiff, somehow bumbles [...]
Editor’s Notes: Check back in with the forecasters in 2033 November 30, 2018 The Treasury’s Brexit scenarios, released this week, boiled down to a claim – made with pinpoint accuracy – that the Prime Minister’s deal will leave the UK economy 3.9 per cent smaller in 15 years, compared with staying in the EU. In other news, PwC estimates that artificial intelligence will increase UK GDP by 10.3 [...]
Bureauc-rat attack: Rodent control called out five times a day by government departments November 5, 2018 Rat-catchers have been called to government buildings an average of five times a day since 2014, City A.M. can reveal. Michael Gove’s department for Environment, Food and Rural Affairs (Defra) has spent the most money trying to get vermin under control, with Defra forking out £740,000 on pest controllers, according to figures released after a [...]
Composer Nitin Sawhney opens up about the dystopia inspired by his father’s death, Brexit and Schrodinger’s Cat November 2, 2018 Nitin Sawhney is difficult to pin down. He’s best known as a contemporary classical composer, but he’s also an impressive musician in his own right, playing the piano, classical and flamenco guitar, tabla and sitar. He’s written countless scores for films, TV and video games, as well as stand-alone studio albums; he received the Ivor [...]
Global stock markets rise from the dead as Halloween surge raises spirits October 31, 2018 Global stock markets have risen from the dead as a Halloween surge treated investors at the end of a terrifying month of losses. The FTSE 100 climbed 1.6 per cent to a three-week high on Wednesday to raise spirits after an October which has spooked investors. The pan-European STOXX 600 index rose 1.7 per cent [...]
Killing Eve: A cautionary tale on privacy October 29, 2018 Villanelle: “What’s your pin?” Eve Polastri: “1…2…3…4” How many of us could relate to this scene in the popular BBC series Killing Eve? Whether it’s 1,2,3,4, a date of birth, or an easily guessable passphrase – our cavalier attitude to passwords is well-documented. The fact that an MI6 officer (albeit a fictitious one) had such [...]
The City helps fuel economic growth right across the country, so be wary of those who want to clip its wings October 28, 2018 One of the most pernicious elements of Labour's current economic platform is the idea that the City is entirely distinct from (and damaging to) the so-called real economy. Jeremy Corbyn and John McDonnell's stump speeches routinely contain attacks on predatory bankers, fat-cats and financial speculators. The labour leader also seems to have a personal vendetta against [...]
DEBATE: With less than six months to go until Brexit, does this Budget actually matter? October 26, 2018 With less than six months to go until Brexit, does this Budget actually matter? Rhiannon Kinghall Were is head of tax policy at Macfarlanes. Getting this year’s Budget right matters, both politically and economically. It is taking place in a highly charged political environment – even if it appears literate on paper, this is not [...]