Brexit vote live: MPs vote to delay Brexit by extending Article 50 beyond 29 March March 14, 2019 Hello and welcome to City A.M.’s Brexit live blog for the second of potentially three huge votes on the UK’s departure from the EU. Prime Minister Theresa May was defeated in the House of Commons in a second vote on her Brexit deal on Tuesday, losing by 391 votes to 242. Last night, MPs voted [...]
UK to remain part of key euro payments system even in a no-deal Brexit March 7, 2019 The UK will remain part of a key euro payments system even in the event of a no-deal Brexit. The European Payments Council (EPC) has ruled that the UK can remain in the bloc’s Single Euro Payments Area (SEPA) regardless of the outcome of Brexit. Read more: Clock ticking: EU gives May until tomorrow to [...]
Brands have ‘Netflix envy’ and need expertise of advertising agencies, says WPP boss March 5, 2019 Brands are guilty of ‘Netflix envy’ and need the expertise of traditional advertising agencies, WPP chief executive Mark Read said today. Speaking at the Incorporated Society of British Advertisers (ISBA) conference, Read played down fears brands are increasingly moving their advertising in-house and defended the role of conventional ad shops. Read more: Profits plunge at advertising [...]
Can a trip to the Douro Valley convince Emma Bullimore that port is palatable? March 1, 2019 Does anybody drink port? Maybe it’s just me, but the red stuff seems a bit redundant. I don’t even remember the last time I saw an advert for it. Whisky is everywhere, it wouldn’t be Christmas without brandy, even sherry is making a comeback. Port, on the other hand, is generally consigned to the back [...]
Telecoms bosses warn of risks to 5G roll-out February 25, 2019 Top executives from Europe's major telecoms firms have identified multiple obstacles that could impede the roll-out of 5G across the continent. Speaking at Mobile World Congress in Barcelona, BT consumer chief executive Marc Allera said that landlords across the UK were preventing the firm from constructing thousands of pieces of key infrastructure such as masts and [...]
Artificial intelligence could lead to huge rewards, but we must break down the barriers to AI adoption February 22, 2019 Data, both the business and personal kind, is fast becoming an essential utility like transport, energy, and water. It is critical to the efficient functioning of modern life, and I honestly do not believe that we could do without it. How we live, administer, manufacture, invest, plan, research, sell, buy, deliver, and even connect with [...]
UK household sentiment falls to 11-month low on slowing economy and Brexit fears February 18, 2019 UK household sentiment has hit an 11-month low as job fears grow on mounting Brexit uncertainty. IHS Markit’s household finance index (HFI) – based on consumer’s financial wellbeing – has dropped to its lowest level since March 2018. Read more: Bank of England slashes UK growth forecast The survey also revealed that job security perceptions [...]
DEBATE: Should the government be intervening to help struggling high streets? February 18, 2019 Should the government be intervening to help struggling high streets? Rupert Pick, co-founder of Hot Pickle, says YES. There’s more to the high street than just shopping. It’s about belonging, human interaction, community. And in a muddled, pre-Brexit, polarised, insular environment, we need vibrant public places more than ever for people to congregate. Yet, in the [...]
Saving into a Junior Isa is a great way for new parents to invest in their children’s future February 14, 2019 Think back to when you turned 18 years old. What would you have done if, on that birthday, you were handed £40,000? Would you have splurged it all on travelling the world during a gap year, or would you have been prudent and put it towards a housing deposit? You could have used it to [...]
Quit nostalgic navel-gazing and get excited for the future February 11, 2019 The thing about the 1970s – if you lived through them – is that they were for the most part dull and dour years, devoid of political and economic energy. And as for the fashion, don’t even go there. Yet there seems to be no shortage of fresh-faced tweets proclaiming those years to be something [...]