Ferrari 488 Spider review: This most perfect of sports cars has a lasting effect on Adam Hay-Nicholls, who gets cosy with it in Maranello July 7, 2016 The 488 Spider drove me to drink petrol. There was no warning when it ran out of fuel. OK, the gas light came on about 40 miles back but the way I was driving it, with ‘race’ mode selected on the manettino dial and some heavy application of the right pedal, that distance came and [...]
Brexit risks means investors can’t get enough of government debt July 7, 2016 The demand for government debt was its strongest for more than three years in the second post-referendum auction of UK bonds held this morning. Investors jumped at the opportunity to get their hands on the safe haven 10-year bonds, with demand for the £2.25bn worth of coupons on offer outstripping supply by 2.3 to one. [...]
George Osborne should turn attention from cutting corporation tax to helping smaller businesses July 6, 2016 The Chancellor’s biggest ever policy U-turn appears to have snuck under the radar amid the political resignations, betrayals and leadership bids currently dominating the headlines. On Sunday, Mr Osborne announced that he plans to cut corporation tax to less than 15 per cent in an effort to attract companies deterred from doing business in a [...]
London needs a seat at the decision-making table to make Brexit work for the capital July 5, 2016 London is, and always will be, open for business. Once, we were the world’s largest port – from which ships traded around the globe. Over the last century, we grew to become the world’s most competitive financial centre. And now, as we face the challenges thrown up by the result of the referendum on our [...]
Commercial real estate share prices suffer as future of the City hangs in the balance after the Brexit vote July 4, 2016 The share prices of commercial real estate share prices have suffered today after the Brexit vote put the future of London's financial district in peril. Liberum analysts said today that the risks surrounding commercial real estate have increased as the future of offices in the City is likely to remain uncertain for a long time. Read more: Nearly a [...]
Hiring fell flat in the face of referendum uncertainty July 4, 2016 Firms appear to have pressed pause on their hiring intentions in the run-up to last month's EU membership vote, figures out today suggest. The research from the Association of Professional Staffing Companies (Apsco), which represents staffing firms focused on hiring professionals, found that the number of permanent vacancies did not grow during May 2016. However, those looking for a [...]
Retail investors snap up shares in bumper week for trading platforms amid Brexit volatility July 1, 2016 Last week's referendum sparked waves of volatility on the financial markets, triggering interventions from the Bank of England and causing trading to be suspended on a handful of the UK's biggest companies. Banking shares were butchered. Housebuilders were demolished. But, the FTSE 100 now stands at a 10-month high after it became clear some of the big [...]
The Daily Mail and more senior cabinet ministers back Theresa May for the Conservative leadership July 1, 2016 Theresa May has stretched her lead as the frontrunner in the Conservative leadership race this morning, winning the backing of the Daily Mail, support from The Sun, and endorsements from more senior cabinet ministers. The home secretary, who announced her bid to succeed David Cameron in Westminster yesterday, was described as the only candidate with "the right qualities, [...]
Number 10 hosts business leaders for post-Brexit trade talks June 30, 2016 Number 10 held discussions with a host of business leaders this morning to discuss trade after Brexit. The UK is reportedly planning to launch trade missions to the US, China, India and Commonwealth nations as it prepares to leave the EU after last week’s vote. BP’s Bob Dudley, easyJet chief executive Carolyn McCall and others from [...]
A Labour MP has warned the party is not a safe space for British Jews after she was abused at the launch of an event into anti-Semitism June 30, 2016 A Jewish Labour MP abused at the launch of the Chakrabarti report into anti-Semitism has slammed leader Jeremy Corbyn, saying the party “cannot be a safe space for British Jews” under his leadership. Ruth Smeeth was accused of collaborating with a Daily Telegraph journalist to smear the party at an event this morning which saw [...]