Watch out, London: Brexit could mean fewer new homes as investors eye up Paris and Berlin April 4, 2016 Houses, hotels and office blocks may start sprouting up across London at a slightly slower pace this summer, as a survey of top property investors revealed investment in real estate will take a temporary knock in the event of Brexit. KPMG asked 25 global property investors, with combined portfolios of more than $400bn (£281bn), about [...]
Panmure Gordon boss boasts of first quarter profitability despite record loss for 2015 and Brexit headwinds March 31, 2016 Panmure Gordon’s chief executive has played down the company’s record £16.7m loss for 2015, while boasting of a return to profitability in the mid cap specialists first quarter. The broker warned though that market volatility and fears over the approaching European Union membership referendum could weigh on its performance. “Headwinds aside, we’re in good shape,” [...]
Brazil: Between the rule of law and the rule of politics March 31, 2016 President Dilma Rousseff's hope of surviving a looming impeachment are becoming dimmer each day. On Monday, the Brazilian Bar association filed a new process to remove her from power on the grounds of accounting fraud. Yesterday, her party, PT, lost their largest ally in the Brazilian Congress as centrist party PMDB, presided by vice-president Michel Temer, withdrew their support [...]
There was a fire at ITV Studios this morning and London Fire Brigade made a pun about it March 30, 2016 London Fire Brigade has tackled a fire at ITV Studios this morning – but not before it meant Good Morning Britain was forced off air. Four fire engines and 21 firefighters and officers were called to ITV Studios on London’s Southbank this morning, where an IT post production room was on fire. Around 50 people evacuated [...]
UK pensions: One in five Brits expect to retire after their 70th birthday, and it’s stressing people out March 29, 2016 We hope you enjoyed your bank holiday weekend but don't get too used to the downtime – a study out today by Willis Towers Watson has found that one in five (21 per cent) Brits don't expect to retire until after their 70th birthday. Not to be too big a bearer of bad news but the study [...]
Al Jazeera network to cut 500 jobs March 27, 2016 Qatari-owned Al Jazeera has announced that it will be cutting 500 jobs. While the cuts will affect posts across the world, most of the losses will be concentrated in Qatar. Mostefa Souag, acting director general, said that he was confident the decision is "the right step". "While our decision is consistent with those being made across [...]
City Moves for 24 March 2016 | Who’s switching jobs March 24, 2016 Close Brothers Asset Management Close Brothers Asset Management (CBAM) has appointed family lawyer Josephine Fay to its business development Team to strengthen its proposition for lawyers and their clients in the UK. She joins from Farrer & Co LLP. Josephine will be reporting into recently appointed Shirley Coe, director of the business development team, and [...]
Brussels attacks: London landmarks light up with the colours of the Belgian flag to commemorate Brussels victims March 23, 2016 Landmarks throughout London – including the London Eye – are being lit up with the colours of the Belgian flag tonight as the capital commemorates the victims of yesterday's attacks in Brussels. The National Gallery has had two Belgian flags projected onto the frontage of the building. One onlooker tweeted a picture of the tribute at Trafalgar Square: [...]
Brussels explosions: More than 30 dead, 130 wounded in attacks at Brussels’ Zaventem Airport and Maalbeek Metro station, American Airlines desk reportedly targeted March 22, 2016 As many as 34 people have been killed and more than 130 wounded in what is thought to be a pair of coordinated suicide attacks at Zaventem Airport and Maalbeek metro station in Brussels today. Police believe as many as 14 people were killed in two explosions at the airport, which is thought to have taken place near to an American Airlines desk. A [...]
Nearly three in four people say chancellor George Osborne is not up to the job of Prime Minister after Budget March 22, 2016 Nearly three in four people think chancellor George Osborne is not up to the job of Prime Minister, according to new YouGov figures out today. In just the latest post-Budget blow for the chancellor, YouGov found that only eight per cent of people think Osborne would be a good fit for replacing Prime Minister David Cameron. The proportion [...]