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 [...]
First ever tracker mortgage with interest rate below one per cent June 5, 2015 CHELSEA Building Society yesterday unveiled the first ever tracker mortgage with an interest rate below one per cent. Housebuyers who want to borrow under the scheme need to meet stringent restrictions, including having a 35 per cent deposit and paying £1,545 in fees. But if they can do, applicants are rewarded with an interest rate [...]
UK house prices: The return of cheap housing finance? Chelsea Building Society unveils the first tracker mortgage to be launched with an interest rate lower than one per cent June 5, 2015 When the sub-prime mortgage bubble burst, everyone blamed cheap borrowing – but that clearly hasn't perturbed the Chelsea Building Society, which today unveiled the first ever tracker mortgage launched with an interest rate below one per cent. To be fair, housebuyers who want to borrow under the scheme need to meet pretty stringent restrictions, including [...]
Sainsbury’s boss Mike Coupe misses out on payday perks June 4, 2015 Sainsbury’s chief executive Mike Coupe missed out on an annual bonus last year after the supermarket chain failed to meet sales and profit targets. The retailer’s annual report published yesterday revealed that Coupe’s annual pay package dropped to £1.5m in the year to March, down from £2m the previous year, when he was still commercial [...]
Sports Direct hires finance chief 18 months after Bob Mellors exit June 4, 2015 SPORTS Direct yesterday named an insider as interim chief financial officer after leaving the post vacant to the concern of shareholders for over 18 months. Matt Pearson, Sports Direct’s group financial controller, who joined the retailer from EY in 2007, has been promoted to the board with immediate effect. The retailer, controlled by Newcastle United [...]
Sheryl Sandberg’s full, moving Facebook tribute to her husband Dave June 4, 2015 It's been a month since Surveymonkey chief executive Dave Sandberg died from a head injury while using a hotel gym in Mexico. Last night his wife Sheryl, the chief operating officer of Facebook, posted a moving tribute to him on the social network. "I know I will never feel pure joy again," she wrote. "There [...]
Louis Saha: Fifa made me ashamed as a footballer and a fan – but with Blatter gone it can be fixed June 3, 2015 In a matter of days, the most anticipated game in world football is upon us. Two juggernauts of domestic football will clash as Juventus take on Barcelona in Berlin to compete for the Champions League trophy. Fans of the game of all ages and nationalities will be united, albeit from their armchairs, in the emotions [...]