Brexit, six months on: City leader demands government allays uncertainty in the Square Mile December 23, 2016 Doesn't time fly? Just six months ago half the nation was celebrating the Britain's decision to unshackle itself from the EU, while the other half had that knot in the pit-in-the-stomach feeling. The good news so far is the sky hasn't fallen in. And this was after 2016 continued to shock and surprise us from a [...]
Berlin Christmas market attacker killed in Milan after shootout with Italian security forces December 23, 2016 The 24-year-old Tunisian suspected of killing 12 people at a Berlin Christmas market on Monday has been shot dead by Italian police in a suburb of Milan. Italy's interior minister has said the man killed was without doubt the Berlin lorry attack suspect. Amri was fatally shot after firing at police who had stopped his car [...]
Consumers wary about creeping inflation in 2017 hitting household budgets December 23, 2016 Consumer confidence has flopped to its lowest levels since the Brexit vote with inflationary pressures starting to bite, according to leading group of economists. Concern about what the next 12 months will bring for household finances drove confidence to down by one point in November – it is at its lowest levels since July, a poll by YouGov and the [...]
Deutsche Bank and Credit Suisse share prices rise after multi-billion pound settlements with US Department of Justice December 23, 2016 Deutsche Bank and Credit Suisse's share prices have risen this morning after the two lenders agreed to multi-billion dollar settlements with the US Department of Justice (DoJ). Deutsche Bank announced it had reached a $7.2bn (£5.8bn) agreement in principle with the US authorities early this morning over the sale and pooling of mortgage-backed securities in the run-up [...]
Unite union suspends British Airways cabin crew’s Christmas strike December 22, 2016 British Airways cabin crew has called off its planned Christmas strike, the Unite union has announced. The union said a revised offer by the airline will be put to a ballot of more than 2,000 of its members. "It will be for our members now to decide if British Airways has done enough to meet [...]
These are the four commodities that will go up in price in 2017 December 22, 2016 Since the pound plummeted after the Brexit vote, consumers have been faced with warnings of coming food price hikes – most notably Unilever's Marmite, Birds Eye and PepsiCo. “There’s absolutely no chance prices will stay the same. They’ll go up for sure, it’s just a question of how much," a food supplier told research firm Nielsen. New [...]
Brits are set to spend £3.85bn on Boxing Day sales this year, 96 per cent more than on Black Friday December 22, 2016 Boxing Day sales are expected to blow Black Friday spending out of the water as Brits prepare to splash out 96 per cent more on the day after Christmas. Nineteen million consumers will spend £3.85bn on Boxing Day sales this year, three per cent more than in 2015, a study by the Centre for Retail Research (CRR) found. [...]
City A.M.’s 2016 Christmas quiz: Do you know your Philip Greens from your Philip Hammonds? December 22, 2016 It's been a busy year in the City of London and beyond. Sir Philip Green, Mike Ashley, Brexit and Donald Trump have kept City A.M. busy. Read more: Editor's 2016 review: What a year it has been But have you been paying attention? Do you know your Philip Greens from your Philip Hammonds? Your Donald [...]
Storm Barbara: UK insurance firm says inclement weather won’t stop Santa December 22, 2016 One the UK's most respected insurance firms has confirmed that Father Christmas will be able to deliver presents, spreading joy to billions of children around the world. JLT Re has a crack-squad of forecasters on hand to predict when the next major weather disaster could hit planet earth. Read more: Storm Barbara to hit the UK's great [...]
British-made craft gin and English sparkling wine are now top sellers in M&S December 22, 2016 British-made craft spirits and wine are finally having their moment this year. Marks & Spencer declared British gin the spirit of Christmas 2016 after reporting more than a quarter of a million bottles of its eight new gins made in the UK have been sold following their release this autumn. Gin sales increased 150 per cent [...]