13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
New Year’s honours 2017: The full rundown of the business community’s representatives on this year’s list December 31, 2016 The British business community was well represented on the New Years honours list, with entrepreneurs and executives featuring prominently amongst the more than 100 figures recognised for services to the industry and economy. Here's a run down of some the most notable business names who received the official seal of approval this year. Read more: Arise, Dame Inga – Lloyd's of [...]
Co-op focuses on London and South East expansion as it sets its sights on 100 new store openings next year December 28, 2016 The Co-operative Group is planning to spend £70m to open 100 new stores across the UK in 2017, creating around 1,500 new jobs. The supermarket has said the new Co-op convenience outlets will be predominantly based in London and the South East, with other stores in Yorkshire, Scotland and Wales. Read more: Co-operative Group profit [...]
Philip Green says BHS successor Dominic Chappell must pay part of pension fund black hole December 26, 2016 Sir Philip Green, the former owner of BHS, wants regulators to force his successor to contribute towards plugging the black hole in the collapsed company’s pension fund, according to reports. A payment by Dominic Chappell, who infamously bought the retailer from Green for £1, is one of the conditions of the billionaire Green making his [...]
Boxing Day footfall slump points to domination of the online retailers December 26, 2016 Boxing Day high street retail sales have fallen sharply year on year as UK shoppers stay at home and push online sales to record heights, according to early data. Half day footfall fell by six per cent compared to Boxing Day last year, according to data from retail monitors Springboard. A decline of 16.6 per [...]
Millions of Brits spend holidays at work on Christmas and Boxing Day – with Londoners most likely to have their feet up December 26, 2016 Millions of Brits are spending Christmas and Boxing Day at work, in a growing trend – although Londoners are most likely to have their feet up. Almost six per cent of UK employees work on Boxing Day, while 3.3 per cent work on Christmas Day itself, according to the Office for National Statistics. However, employees [...]
Britain’s third quarter GDP growth revised: Financial services provide better than expected growth December 23, 2016 Britain's third quarter growth has been revised up – but in an official shake-up of the figures year-on-year growth has fallen. The UK's GDP growth in the third quarter had previously been reported as 0.5 per cent but today updated statistics revised this up to 0.6 per cent. However, the official statistics for the first [...]
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 [...]
Editor’s 2016 review: It’s been a year of momentous political change, but there’s every reason to look to the future December 22, 2016 Attempting to reflect such an extraordinary year with just a handful of our own front pages was always going to be difficult, but I thought we’d give it a go. The front page of City A.M. is (to borrow a phrase from our marketing department) the front door of our brand. The choice of splash, [...]
Crown Estate pushes ahead with £100m West End project after Brexit vote pause December 21, 2016 The Crown Estate has recovered from post-Brexit vote jitters to push ahead with a £100m West End development. The property company, which is owned by the sovereign, put the redevelopment of the Grade II listed building on hold after the EU referendum. Read more: Venture capital firm signs up to Crown Estate scheme But Crown [...]