The Gym Group eyes Toys R Us sites as it targets further expansion March 20, 2018 Toys R Us sites are among the opportunities being considered by fast-growing budget gym operator The Gym Group, which reported annual results this morning. The company, which is the only London-listed fitness group, is targeting another 15 to 20 new openings in 2017, on top of the current estate of 128. Chief executive John Treharne [...]
Brexit latest: City hits back against EU’s “improved equivalence” offer for financial services March 20, 2018 The City has hit back at suggestions that the EU is considering offering the UK "improved equivalence" as the basis of the future financial services relationship after Brexit. Until now the EU has insisted that financial services would not be included in any free trade deal, with both Donald Tusk and Michel Barnier making it [...]
Brexit latest: City hits back against EU’s “improved equivalence” offer for financial services March 20, 2018 The City has hit back at suggestions that the EU is considering offering the UK “improved equivalence” as the basis of the future financial services relationship after Brexit. Until now the EU has insisted that financial services would not be included in any free trade deal, with both Donald Tusk and Michel Barnier making it [...]
That the Saudi Aramco IPO is in jeopardy should surprise no-one March 14, 2018 The red carpet has been rolled up to reveal a sizeable bump in the road. Just a week after the visit to Britain by Saudi Arabia’s Crown Prince Mohammad bin Salman, we’ve learned that the proposed flotation of Saudi Aramco – the world’s biggest oil company and perhaps largest company by market value – has [...]
The future of innovation is fintech – and long let the City’s dominance continue March 13, 2018 Fintech is now the firepower of innovation in the City. Such innovation has driven a complete rethink in how firms, governments, and consumers across the world think about finance. From streamlining capital markets, to debunking traditional insurance practices and offering completely new ways to bank, the UK sector has it all. Read more: Fintech leaders [...]
Last Week in the City: Trump signs order for tariffs March 9, 2018 This week US President Donald Trump signed off on new tariffs on steel and aluminium imports, Trinity Mirror revealed plans to rebrand, and the European Central Bank took a further step towards ending stimulus measures. The FTSE 100 rose 1.9 per cent over the week by mid-session on Friday. Economics China will pursue annual growth [...]
Arsene Wenger tells Arsenal players to remember how good they are as AC Milan lie in wait March 7, 2018 Arsenal boss Arsene Wenger has urged his players to remember how good they are as they prepare for their season-saving Europa League clash with AC Milan on Thursday. The Gunners head into their last-16 first leg showdown at a sold-out San Siro in disastrous form, having lost four successive matches and eight from 13 all [...]
Trouble in store for House of Fraser as credit insurer pulls cover March 4, 2018 A credit insurer has pulled cover on House of Fraser, underscoring the difficulties faced by the department store following a disappointing set of Christmas figures. A spokesperson for House of Fraser said 20 of the business' 650 suppliers were affected by the credit insurer's decision. Those suppliers will now have to find new insurance, or [...]
Retail job losses could number 15,000 as industry strains under cost pressures March 1, 2018 At least 15,000 retail sector jobs have either been slashed this year or are now at risk as household names sink into administration, according to calculations by City A.M. Toys R Us and Maplin went into administration yesterday, putting more than 5,500 jobs in doubt. The double-whammy for the industry comes after fashion chain East [...]
Why Barnier should consider mutual regulatory recognition and a Brexit deal including financial services is essential for both the UK and the EU February 26, 2018 Would you believe me if I told you that Michel Barnier has recently said that “the EU and the UK agree on the overall objectives of sound and resilient banks and financial markets? “It would be nothing short of a disaster if our agreements on broad principles are undermined by the detailed rules and their [...]