Asos founder Nick Robertson steps down as boss September 1, 2015 Asos founder and boss Nick Robertson is expected to announce his departure from the top job at the fashion website this morning. Read more: Asos goes from annus horribilis to the height of fashion Robertson who set up the company, one of the UK’s most high-profile tech success stories in 2000, has told the board he [...]
Ready for Hillary? Don’t be surprised if Clinton’s campaign crashes and burns August 31, 2015 Washington DC – While Donald Trump has shot across the summer political sky like a meteor, the more important story of the season has gone less remarked upon: the surprising difficulties of Hillary Clinton. The odds-on favourite (again) for the presidency has run into a series of problems, culminating in the self-inflicted wound of [...]
Labour leadership candidates Liz Kendall and Yvette Cooper attack Jeremy Corbyn’s women-only train proposal August 27, 2015 Politicians from across the political spectrum have hit out at Jeremy Corbyn's proposals for women-only train carriages. The Labour leadership hopeful first floated the idea last night as a way of combating harassment on public transport, saying: "It is unacceptable that many women and girls adapt their daily lives in order to avoid being harassed on the [...]
China crash: This is China’s Lehman Brothers moment and global liquidity is to blame August 25, 2015 August is the cruellest investment month, once more, and disappearing money flows are again the culprit behind crashing stock markets. The gyrations in global liquidity explain market movements around six-12 months ahead and predict economies over the following year. The problem right now is that despite the well-flagged easing by the ECB and Bank of [...]
London property prices: The Shard skyscraper smashes record for office rents as Leonteq Securities takes entire 26th floor August 25, 2015 A letting at The Shard skyscraper in London Bridge has smashed price records for the South Bank and the City, as the hunt for office space in the capital heats up. German-listed IT company Leonteq Securities is understood to have struck a deal to take the entire 26th floor of the tower for over £90 [...]
No, leading economists are not supporting Labour leadership candidate Jeremy Corbyn’s far-left agenda August 25, 2015 "Jeremy Corbyn wins economists’ backing for radical plan” thundered the Observer’s front page on Sunday. As I meandered around the supermarket, I did a double-take. Would distinguished economists really back printing money to fund government investment, rent controls, widespread renationalisation (in some cases without compensation), a “maximum wage”, huge tax hikes and greater powers for [...]
No, leading economists are not supporting Jeremy Corbyn’s far-left agenda August 24, 2015 CORBYN wins economists’ backing for radical plan” thundered the Observer’s front page on Sunday. As I meandered around the supermarket, I did a double-take. Would distinguished economists really back printing money to fund government investment, rent controls, widespread renationalisation (in some cases without compensation), a “maximum wage”, huge tax hikes and greater powers for Trade [...]
New BHS owners Retail Acquisitions seek £70m refinancing to revive troubled chain bought from Sir Philip Green for just £1 August 23, 2015 The new owners of BHS are in talks to secure a refinancing package to help turn around the loss-making chain bought from Sir Philip Green earlier this year. Retail Acquisitions, a consortium comprising an eclectic mix of investors including former racing driver Dominic Chappell, is understood to be seeking a £70m loan by the end [...]
Labour leadership race: Andy Burnham raises concerns of “several thousand” Conservative infiltrators in vote August 21, 2015 Thousands of Conservatives could be intending to vote in the Labour leadership election, according to Andy Burnham’s campaign. An “urgent meeting” of candidates' teams is necessary, the BBC reports Michael Dugher, who is leading Burnham’s campaign, to have said. Read more: Now Labour is blocking genuine party members from leadership vote Burnham's team has written to [...]
Ashes 2015: Blitz Australia again, Ben Stokes tells England August 21, 2015 England all-rounder Ben Stokes has urged his side to summon the brutal form which has repeatedly decimated Australia in a single session this series after a sedate start to the fifth Investec Ashes Test at the Kia Oval yesterday. Opener David Warner and captain-elect Steve Smith drove a resilient Australia’s response to two harrowing Test [...]