Ericsson quarterly profit meets expectations as 5G rollout picks up pace July 17, 2019 Ericsson has posted second-quarter profit in line with expectations and said it was on track for the full year as it looks to expand its 5G rollout. Read more: UK’s approach to Huawei makes no sense, warns Ericsson boss The Swedish telecoms firm posted a 10 per cent rise in net sales to 54.8bn Swedish [...]
Legalising cannabis would be the ultimate Conservative policy July 5, 2019 What if you were in the running to be the next leader of the Conservatives, and I told you that with a single popular policy, you could return your party to its traditional pro-liberty roots, put the UK at the forefront of a new cutting-edge global industry, and inspire the millennial generation to vote Tory [...]
Evening Standard posts £11.6m loss as it battles with advertising squeeze June 26, 2019 The Evening Standard has reported a loss of almost £12m as it battles rising costs and a squeeze on revenue from print advertising. The daily London newspaper posted a pre-tax loss of £11.6m in the year to the end of September, marking its second consecutive year in the red. However, the figure represents a slight [...]
DEBATE: Is the obsessive focus from politicians on increasing home ownership misguided? June 26, 2019 Is the obsessive focus from politicians on increasing home ownership misguided? Clive Docwra, managing director of McBains, says YES. Politicians are obsessed with home ownership, including both contenders for Prime Minister. Jeremy Hunt has put a new “right to own” policy at the heart of his bid, while Boris Johnson has backed replacing Help to [...]
It may not be Hammond’s cup of tea, but we deserve some tax-cutting champions May 31, 2019 I for one am thrilled to see politicians not just talking about tax cuts, but competing for the best policy to reduce a tax burden that is at a near 50-year high. Sure, it took a leadership contest to get them properly talking about it, but from the home secretary’s endorsement of the Adam Smith [...]
UK services sector shrinks for first time in over two years April 3, 2019 The UK’s crucial services sector contracted in March amid widespread reports of Brexit uncertainty constraining demand, bringing to an end over two-and-a-half years of growth. Aside from a brief dip seen after the European Union referendum, the latest reading of the services purchasing managers’ index (PMI), which gives an overall view of the sector, was [...]
Nouriel Roubini interview (Part I): Expect a ‘synchronised slowdown’ in 2019 April 2, 2019 When Nouriel Roubini talks, it’s worth a listen. Not known for his optimism, the well-known American economist bears the moniker ‘Dr Doom’. CFA Institute spoke to him to get his take on topics including the prospects for global growth and technologies. CFA Institute: When you spoke to us in 2015, roughly six years after the [...]
G4S loses permanent contract for ‘war zone’ Birmingham prison April 1, 2019 A G4S prison in Birmingham has been taken back under permanent government control after it was found in a state of crisis so acute the Ministry of Justice (MoJ) was forced to step in last summer. HMP Birmingham was seized from the contractor in August last year when the prisons watchdog found it was exceptionally [...]
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 [...]