Lord Stuart Rose: Centralised Stronger In campaign was marginalised by politicians devoted to Project Fear November 9, 2016 Lord Stewart Rose, the former M&S boss who acted as chair of the ill-fated Stronger In campaign, says he was “marginalised” by pro-Remain politicians who were determined to stick to Project Fear. In an exclusive interview in City A.M.’s Bespoke magazine Rose opens up for the first time about the failed campaign to remain in the [...]
Lord Stuart Rose interview: Former M&S boss opens up on the ill-fated Stronger In campaign and his 10,000 bottles of wine November 9, 2016 Lord Rose of Monewden knows how to do things in style. In the space of a 45-year business career he managed to navigate his way through more boards, bids, bust-ups and blow-ups than seems possible in a single lifetime, collecting a knighthood, then a peerage and a comfortable fortune on the way. More to the [...]
Some of the EU’s largest companies are worried that a hard Brexit will cost them dear November 8, 2016 A hard Brexit could hit some of Europe's largest companies by increasing their cost of funding. A report by accountants EY revealed that the likes of Airbus and Volkswagen are worried about the fallout of Britain's exit from the EU, according to reports by Sky News. Read more: A "hard Brexit" could undermine the very things driving [...]
When will the results of the US Presidential election be announced? Here’s what previous years suggest… November 8, 2016 Tired of Trump? Heedless of Hillary? In less than 12 hours, the US Presidential election will be over, and for better or worse, we may even know who the new leader of the free world is. But what time will the results come rolling in, and how can you watch it online? Here's everything you need [...]
Direct Line motors ahead of expectations despite whiplash concerns November 8, 2016 Direct Line's share price edged up slightly today after revealing a strong nine month performance from its motor brands. Shares were up around 0.5 per cent after the company said that the amount of motor insurance the group had written increased by 10 per cent. Overall gross written premiums were up by 4.2 per cent compared with the [...]
Ryanair boss Michael O’Leary predicts airline fares will fall up to 15 per cent this winter November 8, 2016 Ryanair boss Michael O'Leary has predicted that air fares will fall by as much as 15 per cent over the winter, as airlines compete to win passengers in a slow economy. O'Leary said there would be "extraordinary fare declines" over the year, after reporting results for the first half of the year. The budget airline's [...]
On economic policy, Trump is the bigger danger to both the US and the world November 7, 2016 The Western world is retreating from economic liberalism. Don’t take my word for it – look at the platforms of both Democrat Hillary Clinton and Republican Donald Trump ahead of today’s election. While a commitment to individual rights and a clear separation of powers has facilitated the conditions to maintain the US at the world’s [...]
Britain must raise its game on innovation to make a success of Brexit November 7, 2016 The UK economy has so far proved hardy in the face of the vote to leave the EU. While GDP growth has slowed, it’s been higher than many had expected – consumers continue to spend on the high street and exporters have been taking advantage of a weaker sterling. But uncertain times are still ahead [...]
BT investor calls for talks over Openreach arm November 6, 2016 A major BT shareholder, Aviva Investors, has called for the telecoms giant to open discussions about a possible sale of its infrastructure arm Openreach. BT has been fighting for control of its network division for the past 18 months, following repeated calls from its rivals that Openreach should be split out of the group. Aviva is [...]
Sainsbury’s to reveal how much its pension scheme has grown over the last six months November 6, 2016 Sainsbury's pension scheme deficit is expected to have ballooned by up to £900m over the last six months when the company releases its interim results on Wednesday. The supermarket's pension hole stood at £390m in March but analysts are predicting that a chasm will have developed. Market expectations are that the deficit will be between £900m and £1.3bn. Read [...]