Most talked about City A.M. stories

David Cameron to call for end to EU migrant tax credits — David Cameron is to call for measures aimed at making the UK a less attractive option for European Union immigrants, in a move that will see more claims he is imitating UKIP. In a speech on Friday the Prime Minister will say that the UK's continued membership of the EU is dependent on the UK being able to deny benefits to migrants from the bloc.

Black Friday UK 2014: Why you won’t find deals at Aldi and Lidl — US import Black Friday has taken hold in the UK like never before this year with analysts and retailers alike predicting it to be the country's busiest shopping day of the year. Eager to get customers through the door and splashing their cash on Christmas treats, Tesco, Sainsbury's and Asda are betting on big discounts on big items along with a host of other high street retailers.
Nov 27, 2014

Aldi on Black Friday: We do not need to price match - we price lead". Ooof.…

Candy Crush chairman Morris steps down — KING Digital, the firm behind the hugely successful game Candy Crush, said its chairman Melvyn Morris had stepped down. Morris, also the firm's second-largest share­holder, will be replaced by board member Gerhard Florin as chair. King said Morris would be taking a leave of absence from the board for personal reasons and did not comment further.

Three more years: Interest rates to stay at record lows until unemployment recovers — NEW BANK of England governor Mark Carney dramatically tore up the UK's monetary policy rules yesterday, pledging to hold rates at their historic low for another three years. The Bank's new "forward guidance" system saw Carney promising that interest rate hikes and reductions to quantitative easing are off the table until the unemployment rate falls to seven per cent, from 7.8 per cent now.
Nov 27, 2014

@spbaines There you go - of course all based on ludicrously bad unemployment forecasts then.…

John Lewis Christmas ad crooner Tom Odell launches London City Island dream of Irish billionaire Sean Mulryan — London had a taste of Manhattan-style island life last night, as Irish billionaire Sean Mulryan and his property firm Ballymore launched its new 12-acre island neighbourhood, City Island, across from Canning Town.

Watchdog could be asked to split up BT — BT'S BIGGEST rivals voiced competition concerns last night as the former state monopoly continued £10bn takeover talks with the owners of mobile networks O2 and EE. Vodafone and TalkTalk would both call on the regulator to ensure greater separation between BT and its infrastructure arm Openreach, even going so far as to push for the two to be demerged should a deal go ahead, City A.M.

We need to talk money: Why it’s time to break this damaging British taboo — MANY of my recent articles - on elderly care provision, student finance, and housing in particular - have focused on these problems from the point of view of public policy. But this is only one half of the story.
Nov 26, 2014

RT @CityAM: We need to talk money: Why it’s time to break this damaging British taboo

New City Agenda and CASS Business School report: Regulation will not be enough to save our retail banking sector — Tighter regulation won't be enough save Britain's retail banks in the aftermath of the financial crisis, according to experts involved in an investigation into the sector's decline. Conducted by the think tank New City Agenda and CASS Business School, the report reveals how the UK's four main retail banks are continuing to lose customer trust, rather than gradually regaining it.

Helge Lund: Is the proposed £25m pay package for the new BG Group chief executive defensible? — Compared to the pay of ordinary workers, £25m is an astronomical figure. But the correct benchmark is the value Helge Lund may create. BG Group's market cap is £35bn, and it's fallen 18 per cent this year. If he restores just 1 per cent, that's £350m; it's worth paying top dollar to attract top talent.
Nov 26, 2014

RT @CityAM: Is the proposed £25m pay package for new BG Group chief executive Helge Lund defensible?

Ex-MI6 chief says criticism of Facebook over Lee Rigby murder is unjustified — Facebook has gained support from an unlikely source. Richard Barrett, the former global anti-terrorism director of MI6, has said that in his opinion it is unreasonable to expect Facebook to vet conversations for terrorist content and then report them.
Nov 26, 2014

Ex-MI6 director: Facebook criticism over Lee Rigby murder unjustified… via @CityAM

Aviva merger target Friends Life eyed up deal with closed insurance group Phoenix — FRIENDS Life, which is in merger talks with Aviva, has held informal talks with Phoenix, the closed insurance group, about a possible deal in the past few months, City A.M. understands. News of the talks between the two groups, which are not ongoing and did not reach any conclusion, come as Aviva struggles to convince its investors of the merits of a £5.6bn merger deal with Friends Life.

Megauploader Kim Dotcom appears at UnBound tech conference in Vinopolis - sort of — Punters at the UnBound tech conference at London Bridge's Vinopolis yesterday were no doubt wondering how entrepreneur-cum-internet-freedom-fighter Kim Dotcom would speak at the event at first, given his inability to leave New Zealand. But all was revealed as he appeared on screen, via Skype "looking suitably Bond villain" as one tweeter put it.

Two suspected terrorists have been arrested at Heathrow: Man and woman were detained as they arrived from Turkey — A couple have been arrested on suspicion of terrorism offences at Heathrow airport, after flying into the UK from Istanbul in Turkey. The man, aged 20, and woman, aged 19, are from Walsall, according to West Midlands police. They were detained last night as they got off the plane, and both are now being held in custody.
Nov 26, 2014

RT @CityAM: Two suspected terrorists have been arrested at Heathrow

Thomas Cook's Harriet Green would like to be fired by herself hears Inspiring Women conference — Thomas Cook chief executive Harriet Green really wishes she could be a Buddhist. The travel boss, who gets up at 3.30am every morning to start work and laments that Thomas Cook doesn't have an Asian business so she could hit the phones in the very early hours, believes deeply in Buddhist humanism but just can't reconcile herself with a certain Bud­dhist teaching.
Nov 26, 2014

Well, did she? "Harriet Green would like to be fired by herself"… via @CityAM

Harriet Green told a conference last week that Thomas Cook's transformation is "absolutely not done" — What's going on with Harriet Green's departure? The Thomas Cook chief executive announced today she is stepping down with immediate effect because, she said, "my work here is done". Her transformation of Thomas Cook's fortunes has certainly been extraordinary - shares were languishing around 15p when she joined in 2012.
Nov 26, 2014

Confused. At an @MT_editorial conference last week, Harriet Green said she is 'absolutely not done' at Thomas Cook…

Private schools have become “finishing schools for the children of oligarchs”, as fees rise at twice the speed of inflation — The cost of private education has become so high that it is no longer an option for the majority of people in the UK, with teachers, doctors and lawyers among those no longer able to afford the fees, according to the headmaster at a top London school.
Nov 26, 2014

ICYMI head of UK private school says private schools have become “finishing schools for the children of oligarchs”…

Lionel Messi's Champions League goal record mapped: Where has the Barcelona man scored all his goals? — That's all Lionel Messi needs to become the undisputed top scorer in Champions League history. Ahead of Barcelona's trip to Apoel Nicosia tonight, the diminutive magician is tied with Raul on 71 goals. If the Barcelona icon does net in the Cypriot capital tonight, it will be the 33rd European city to have been graced with his goalscoring genius.
Nov 25, 2014

RT @joehallwords: Messi scores a record 72nd Champions League goal. I made a map of where he bagged the other 71 -…

Nov 25, 2014

Messi scores a record 72nd Champions League goal. I made a map of where he bagged the other 71 -…

Tax cuts lead to more revenue from companies — TAX CUTS could be having a positive effect on the public purse, a new survey has shown. The PricewaterhouseCoopers (PwC) survey of the 100 Group - a group of FTSE100 firms and other large companies - released today showed increases in revenues coming from taxes that had been cut.
Nov 26, 2014

Lots of complaints about receipts falling - but Corp. Tax receipts ex-oil up 6.7% on last year… HT @chris_cityam

Labour has identified the right problem - but independent schools can’t build a New Jerusalem alone — TRISTRAM Hunt, the Labour shadow education secretary, argued yesterday that independent schools need to be doing much more to form meaningful partnerships with state schools. If they don't do so, they will risk being stripped of up to £700m in tax breaks, should Labour be elected in the general election next Spring.
Nov 25, 2014

RT @CityAM: Labour has identified the right problem – but independent schools can’t build a New Jerusalem alone