Rupert Murdoch steps down as 21st Century Fox chief: Here’s a chart of every company his son James will inherit (and the News Corp empire) June 17, 2015 Rupert Murdoch has announced he will be stepping down from his post as chief executive of 21st Century Fox in two weeks. Read more: James Murdoch confirmed as new 21st Century Fox chief exec Murdoch’s son, James, will take over, leaving Rupert and his other son, Lachlan, as executive co-chairmen. Chase Carey, a career Murdoch man [...]
George Osborne won’t need the drug of deficit finance if he liberates the supply side June 16, 2015 George Osborne’s plan to run fiscal surpluses and use them to pay off government debt has been met with the usual set of whinges and whines, mainly from academic economists funded by the taxpayer. Of course, their arguments are based purely on what they believe to be the intellectual merits of their case. One [...]
Foreign secretary Philip Hammond tells ambassadors not to fly gay pride flag during marches June 16, 2015 UK embassies around the world have been told not to fly the rainbow flag during this year's gay pride parades. Philip Hammond, the foreign secretary, has insisted that the flag – a symbol of the lesbian, gay, bisexual and transgender movement – should not replace the union flag. With William Hague as foreign secretary last [...]
Cornwall, Scotland and Wales: These are the most popular destinations for a British summer holiday June 13, 2015 Brits will be flocking to destinations across the length of breadth of Britain this summer, with almost two-thirds saying they intend to take a holiday in the UK. According to research for the Post Office travel insurance domestic holidays report, popular BBC drama Poldark has made Cornwall the most coveted home holiday spot – a [...]
UK house prices: Stamp duty payments have fallen by half since George Osborne introduced reforms, but Londoners are missing out June 12, 2015 The amount property buyers are paying in stamp duty has halved since George Osborne introduced new measures aimed at making homes more affordable in the last Budget – but Londoners are massively missing out on those savings, new research has found. A study by the Post Office and the Centre for Economics and Business Research [...]
Fifa embroiled in further turmoil as communications boss departs June 11, 2015 BESIEGED world governing body Fifa were last night embroiled in further turmoil following the abrupt departure of communications director Walter de Gregorio. The 50-year-old left his position suddenly amid suggestions of a falling-out over a joke he told on Swiss television earlier this week. De Gregorio had quipped: “The Fifa president, secretary general and communications [...]
MPs line up to chair Parliament’s select committees: The races to watch June 11, 2015 Nominations for the chair of each of Parliament's select committees closed last night, with MPs lining up to take control of some of the most influential boards. A secret ballot, where each MP has one vote for each committee, will take place on 17 June, City A.M. has examined each of the declared candidates for six [...]
UK trader arrested in Hong Kong for running over security guard in his Ferrari 458 Spider supercar June 10, 2015 A British trader working for Deutsche Bank in Hong Kong has been arrested over the death of a security guard. Rob Ebert, who became head of Asian equities trading for Deutsche Bank in Hong Kong two months ago, reportedly hit the 53-year-old while driving his £380,000 Ferrari 458 Spider in the Yau Ma Tei [...]
Apple Pay in the UK: These are the retailers and restaurants signed up for the July launch June 9, 2015 Some of the UK's biggest retailers are lining up to start accepting Apple Pay when it launches in the UK next month. As well as being able to use your iPhone or Apple Watch to seamlessly glide through ticket barriers on the Tube, the Silicon Valley giant has its finger hovering over the button [...]
The fast lane: Spencer Ogden co-founder David Spencer-Percival talks medevacs, detoxes, the youth of today and why banks get a hard time June 7, 2015 It is unlikely that David Spencer-Percival, co-founder of Spencer Ogden, will be reading this any time soon. On Saturday, he and his wife embarked on a caffeine, alcohol and tech detox in an Ibizan forest. “I feel frazzled. Our offices are end-to-end in terms of timezones, so I just never stop. You have to have [...]