Here’s the windfall City advisers are in for from the ARM Softbank mega-deal August 3, 2016 A handful of top City firms will land a windfall share of the multi-million pound pot of cash being splashed on advisers to one of the biggest tech deals of the year. More than £100m is being spent on advisers to Softbank's acquisition of ARM in a £24.3bn mega-deal agreed in June. Big name banks such as Goldman Sachs and Lazard are [...]
In numbers: Remain campaigners and Downing St aides to get gongs – but how does Cameron’s honours list compare to previous PMs? August 1, 2016 Former Prime Minister David Cameron is facing fury over this morning over honours expected to be delivered to former members of staff and EU referendum campaigners. The Sunday Times reported that Cameron will hand out 48 gongs in his resignation honours, with exactly half predicted for former Downing Street staff. The nominations have led to the [...]
Goodwood betting: Cash in on The Cashel Man in Goodwood’s marathon July 26, 2016 An abundance of stamina is required to successfully conquer Wednesday's 2m5f Goodwood Stakes (2.00pm) and, although he’s yet to be asked the question, I think THE CASHEL MAN will relish the trip. After blowing away the cobwebs at Ascot on his seasonal reappearance, David Simcock’s four-year-old ran well over two miles at York to finish [...]
Brexit vote? What Brexit vote? The rise of the discounters is still hitting supermarkets’ market shares July 26, 2016 The results of last month's EU referendum may have sent markets reeling, but it seems the supermarket sector has continued as it was before – namely, with market shares sinking for all of the big four. Figures by Kantar Worldpanel showed the Brexit vote had "no immediate impact" on the prices retailers were charging or [...]
Call off the search: Michelin starred chefs have found the best pie in Britain… and it’s from an unlikely source July 21, 2016 The search is over. Michelin starred chefs, master butchers and industry experts have done the hard work for you, and crowned Morrisons £1.50 humble pork pie the best in Britain. Morrisons Caramelised Onion Lattice Pork Pie, as it is officially known, is sold at the chain's Market Street deli counters and weighs in at a [...]
Horse racing betting: Mokarris all set to bounce back after Royal Ascot flop July 14, 2016 Every now and then a horse comes along that leaves a lasting impression on its racecourse debut. Simon Crisford’s MOKARRIS did just that on his first start at Haydock back in May when bolting up having travelled powerfully through the race. He was then somewhat thrown in the deep end at Royal Ascot when taking [...]
Shock, horror? How the City reacted to today’s MPC’s interest rate inaction July 14, 2016 Another month, another deferral of The Big Interest Rate Move. That makes 88 so far. How is the City reacting? Two words: "we're cautious". Read more: Over to you, Carney – our MPC has voted to cut rates 1. "BoE is playing wait and see" Michael Martins, economist at the Institute of Directors: “The Bank [...]
Property companies behind My Local follow the convenience chain into administration July 8, 2016 Two property companies behind My Local, the retail chain which went into administration at the end of June, have also collapsed. ML Convenience Ltd and ML Stores Ltd hold the property leases for My Local's stores, and are subsidiaries of the company. Read more: After Morrisons, Greene must graft to make My Local succeed Neither of the [...]
At the close: Markets enter reverse as Brexit strains stack up July 6, 2016 Sterling has been savaged today, the FTSE 100 has crashed and half of all assets in UK property funds have been frozen in a difficult day on the financial markets. The pound dropped down below $1.28 overnight, recovered briefly, but is now on the slide after a number of analysts published decidedly bearish forecasts. A [...]
Aldi is hungry for a 10 per cent share of the grocery market July 6, 2016 It's a tough time for supermarkets, but as the price war between the Big Four rages on, Aldi's UK chief executive says he is aiming to take a 10 per cent share in the grocery market. Speaking to City A.M., Matthew Barnes, Aldi's chief executive in UK and Ireland Matthew Barnes said: "We will have 10 per cent [...]