Ten ways the electric car revolution will transform the global economy September 1, 2016 The world has begun a rapid switch to electric vehicles. In the first half of this year, worldwide sales were up 57 per cent to 285,000, despite low oil prices, and there are now more than 1m electric cars on the world’s roads for the first time ever. Last February, Bloomberg New Energy Finance (BNEF) [...]
SMMT reveals bumper used cars sales in first half of 2016 but remains cautious about further growth August 23, 2016 There was the highest number of used car sales on record in the first of half this year according to the Society of Motor Manufacturers and Traders (SMMT). The number of used cars changing hands grew by 7.9 per cent in the first six months of 2016 and during the second quarter of the year [...]
Car dealerships are positive about what is in store for the rest of 2016 August 16, 2016 Two-thirds of car dealerships said they expected to either stabilise or grow profits during the rest of 2016 despite the "uncertainty" created by the Brexit vote. Every salesperson likes to be confident about meeting their targets, but the survey prepared by accountants MacIntyre Hudson also indicated that 53 per cent of dealers expected to hit sales targets. [...]
London entrepreneurs face a bill of almost £30,000 to start their business according to new figures August 11, 2016 London entrepreneurs face a bill of almost £30,000 to start a business, according to enterprise finance provider LDF. In a survey of 850 small and medium sized businesses, LDF found that starting a business in London is less expensive than seven other UK cities. However, the bill of £28,742 faced by an average London entrepreneur [...]
Daily Mail publisher reports signs of ad market recovery after Brexit vote July 21, 2016 The publisher of the Daily Mail has acknowledged that the Brexit vote has “created some uncertainty” in the UK advertising market – but has reported a pick-up in revenue since the referendum result emerged. Daily Mail and General Trust (DMGT) has reported a one per cent growth in advertising revenues across DMG Media – the [...]
Aston Martin sales rise as it reiterates plans to push ahead with a new plant in Wales June 27, 2016 The sky may be falling for many, but luxury car maker Aston Martin is doing a-ok, it said today: in fact, revenues rose almost nine per cent in 2015. The company, which last year produced a special limited-edition supercar just for James Bond's latest outing, Spectre, said full-year revenues rose to £510.2m in 2015. Meanwhile, adjusted [...]
In and Out backers must unite after this depressing campaign to build a fraternity for liberty June 24, 2016 When you read this column, the result of the referendum on Britain’s EU membership will be known. Whatever the outcome, we must leave behind the depressing campaigns and move on to a politics of optimism and hope. Whether we vote to stay or vote to leave, those who believe in free trade, openness and a [...]
Daily Mail publisher’s share price tumbles as supermarkets pull print adverts May 26, 2016 Shares in DMGT fell by nine per cent today after the Daily Mail publisher reported a double-digit decline in print advertising led by cost-cutting supermarkets. DMGT issued a profit warning after its DMG Media division – which houses the Mail and Metro newspapers as well as Mail Online and makes up around a third of turnover – reported a four [...]
City Moves for 27 March 2016 | Who’s switching jobs April 27, 2016 Saxo Bank Saxo Bank, the trading and investment specialist, has appointed Jeff Zorek as chief operating officer of global sales based in London and reporting to Matteo Cassina, global head of sales. Jeff joins Saxo with over 30 years of financial services experience, managing businesses in securities trading, high-speed electronic execution, risk management, clearance, settlement and [...]
City Moves for 14 April 2016 | Who’s switching jobs April 14, 2016 London Stock Exchange Group David Harris has been appointed into the newly created role of group head of sustainable business at London Stock Exchange Group. He will be responsible for ensuring that sustainability is integrated into activities group-wide, and will also continue as ESG Director at FTSE Russell. David has 15 years’ experience of working [...]