Labour’s business backers – where are they now?
Labour won the public backing of over 120 business chiefs in a letter before the election – but the enthusiasm of those executives appears to have dimmed since then. City AM tried to track them down
Should investors ho-ho-hope for a FTSE 100 Santa rally?
Investors in the FTSE 100 are holding out hope for a Santa rally in the second half of December as markets gear up for some Christmas cheer. “December often delivers investors a festive treat in the
Cineworld: The six cinemas to close as restructuring plan completes
Cineworld has revealed it will close another six of its cinemas across the UK as its major restructuring process comes to an end. The troubled chain will shutter its sites in Castleford, Leigh, Middle
Thames Water chief defends bonuses after firm posts £190m loss
Thames Water’s chief executive has been forced to defend senior executives receiving £770,000 worth of bonuses after the beleaguered water company swung to a loss of £190m and a 40 per cent rise i
HS2: Costs for London Euston section reach over £7.5bn
Rachel Reeves confirmed in the Autumn Budget HS2 will terminate at Euston station, following a political kerfuffle over how to find the necessary funding.
Bumper pay day for Britvic boss ahead of £3.3bn Carlsberg deal
The chief executive of Robinsons squash maker Britvic has received a bumper pay day ahead of the group’s £3.3bn takeover by Carlsberg. Simon Litherland has been handed a £4.68m pay packet, up from
FCA rejects ‘light-touch’ regulation in push for City growth
The heads of the Financial Conduct Authority (FCA) told MPs they will not adopt a “light-touch” approach to regulation today after criticism the City watchdog has hampered growth with burdensome r
City lawyers gear up for US firms’ bonus season amid pay war
Lawyers at US law firms across the City are poised to receive their bonus payouts following another year of fierce competition in the industry. In a year that saw US law firms Quinn Emanuel and Gibson
London Stock Exchange exodus hits £107bn as Ashtead eyes the US
The value of companies fleeing the London Stock Exchange for foreign markets has reached £107bn this year after FTSE 100 Ashtead announced it would be heading across the Atlantic today. In a statemen
Harrods: Christmas strikes set for crisis-hit department store
Harrods, the crisis-hit iconic London department store, is braced for another blow as hundreds of workers voted to strike over the critical Christmas period. Employees represented by the United Voices