• RT @silvesterldn: Tomorrow’s @CityAM BORE DRAW #tomorrowspaperstoday https://t.co/f5LfTIBHw3
    City A.M. Tue 19 Nov 2019 23:20
  • Liberal Democrat mayoral candidate proposes TfL homelessness scheme Link https://t.co/8mzTiKXMpe
    City A.M. Tue 19 Nov 2019 22:35

    An estimated £400m left unused on Oyster cards should be given to the homeless, according to the Liberal Democrats’ London 2020 mayoral candidate.

    Transport for London (TfL) released a report last week showing that £400m was left unused on Oyster cards.

    Read more: Sadiq Khan confirms 2020 TfL fare freeze

    Liberal Democrat mayoral hopeful Siobhan Benita said tonight it should be possible for individuals to hand back the cards to TfL and for the leftover money to be donated to charity.

  • Greg Hands: Vote Lib Dem, Get Labour Link https://t.co/ULIvMZdQpF
    City A.M. Tue 19 Nov 2019 22:35

    Greg Hands, the Conservative candidate for Chelsea and Fulham, tells Cat Neilan why this is the toughest election he’s had to fight

    BEING a Conservative candidate in some of London’s most exclusive constituencies used to be a walk in one of their leafy parks. But such is the political realignment in the wake of Brexit that things just aren’t what they used to be.

    Greg Hands, who is hoping to retain the Chelsea and Fulham seat he has held since 2005, is a polyglot Europhile who campaigned for Remain in 2016 and resigned his ministerial post over Heathrow — a key constituency issue.

    On a personal level, he seems to be the very embodiment of the constituency. And yet, as becomes clear during one morning shadowing him on the campaign trail, he has his work cut out convincing lifelong Tory voters to stick with him.

  • Why Pochettino's legacy at Spurs may cause his successor to struggle Link https://t.co/fwv3fi8gKG
    City A.M. Tue 19 Nov 2019 22:20
  • General Election 2019: Corbyn and Johnson tie in lacklustre TV debate Link https://t.co/noownj7aUV
    City A.M. Tue 19 Nov 2019 21:40

    The leaders’ first TV debate appeared to end without moving the dial for either side, after a snap poll put Boris Johnson and Jeremy Corbyn virtually neck and neck. 

    The two men spent almost an hour discussing Brexit and domestic issues, with Corbyn’s high point a heavily redacted document that he claimed showed the government had secret meetings about opening up the health service to the US.

    Johnson claimed this was an “invention”.

    The Prime Minister was strongest on Brexit, repeatedly asking Corbyn whether he would back Leave or Remain in a second referendum – a question the Labour leader failed to answer throughout. 

  • Clipper founder tables £300m takeover bid Link https://t.co/D7hQKMy6Af
    City A.M. Tue 19 Nov 2019 21:15

    The Leeds-based firm, which employs more than 6,000 people in the UK, specialises in handling online orders and returns for retail customers including Asda, M&S and Wilko.

    Parkin, the firm’s executive chairman, holds roughly a third of its shares. With the support of allies, he is understood to count roughly 40 per cent of the company’s stock in favour of his takeover, according to the report.

    Clipper’s independent non-executive directors are now said to be forming a committee to oversee a formal offer, and the company is expected to release a statement to the London Stock Exchange tomorrow morning confirming the approach.

    Clipper posted a 15 per cent to £460.2m in the year to the end of April, while pre-tax profit slipped from £18m to £16.9m.

    Sources told Sky News that Parkin had become disheartened by the decline in Clipper’s share price over the last year, following a strong period of growth after its IPO.

    One analyst added that the...

  • General Election 2019: Boris Johnson and Jeremy Corbyn go head-to-head in ITV leaders' debate Link https://t.co/7M74myzYnt
    City A.M. Tue 19 Nov 2019 20:10

    Boris Johnson and Jeremy Corbyn are about to go head-to-head in the first leaders’ TV debate.

    The pair have already locked horns, with Johnson writing to his rival overnight to demand he answers questions he has so far “ducked” – including whether he would back Leave or Remain in a second referendum.

    Corbyn opened the debate by promising a Labour government “on your side”, while Johnson pledged to “end this national misery, break the deadlock and get Brexit done”.

  • Tottenham sack Mauricio Pochettino following run of poor results Link https://t.co/1lE77YFXG5
    City A.M. Tue 19 Nov 2019 20:05
  • Why Archer can be the difference on flat pitches for England in New Zealand Link https://t.co/f3uJ8mQ6gJ
    City A.M. Tue 19 Nov 2019 19:00

    The most obvious method lies with Jofra Archer, who possesses the kind of extreme pace which can rush batsmen on any surface. After a much-needed period of rest he should be over any nagging injuries and be raring to go again.

    However, England should know by now that he can’t bowl 96mph all the time. Silverwood and captain Joe Root need to talk to Archer, be clear on what they want and then come up with a strategy which ensures he is not over-bowled. 

  • The Investor Forum pushes Aviva to shake-up strategy Link https://t.co/HOKzvU7arv
    City A.M. Tue 19 Nov 2019 18:19

    The letter asked Aviva’s board to detail plans to reduce its debt and deal with challenges in its life insurance business.

    Aviva’s new chief executive Maurice Tulloch is set to give his views about the company’s strategy tomorrow.

    Tulloch’s predecessor Mark Wilson was ousted last year after a row over the cancellation of preference shares and his move to join the board of rival Blackrock.

    Read more: Aviva CFO to leave in latest leadership shake-up

    Yesterday, Aviva’s share price fell 4.5 per cent after it said it would not sell its Singapore and China businesses in response to reports it was considering that option.

    The absence of a sale would make it harder for Aviva to pay down debt or give capital back to shareholders, which would likely be “disappointing for investors”, said Shore Capital analysts

    Fund manager Richard Buxton told The Sunday Times at the weekend that his view of Aviva was: “If you didn’t exist, no-one would create you...

  • John McDonnell says Labour will break up Big Four ‘cartel’ Link https://t.co/oJHOcn37Ua
    City A.M. Tue 19 Nov 2019 17:49

    Shadow chancellor John McDonnell today promised to break up the “cartel” of the Big Four accounting firms if Labour win the upcoming election.

    “Under Labour the Big Four companies will not be allowed to continue to act like a cartel,” McDonnell told a Westminster audience during a speech on Labour’s plans for the economy. 

    The Big Four of PwC, Deloitte, KPMG and EY have previously pushed back against proposals made by the Competition and Markets Authority (CMA) to introduce an operational split between their audit and non-audit arms.

    Labour’s plans would go further, introducing a structural split between the Big Four’s audit and non-audit businesses and a ban on auditors selling any non-audit services.

  • Determined, organised, patient: The makings of England's Dom Sibley Link https://t.co/n0gvKn3dt8
    City A.M. Tue 19 Nov 2019 17:29

    An England Test debut has been a long time coming for Dom Sibley, and yet his timing could hardly have been more opportune.

    The string of unsuccessful England opening batsmen may stretch back a long way, to the retirements of Andrew Strauss and Sir Alastair Cook, but the change of tack from gung-ho head coach Trevor Bayliss to the old-school Chris Silverwood suits Sibley down to the ground.

    Stepping aside, for now at least, is the attacking white-ball specialist Jason Roy, and stepping into the void at the top of England’s batting order for the first Test against New Zealand in Mount Maunganui, which starts on Wednesday night UK time, is the more circumspect Sibley.

    Read more: Sibley and Crawley look perfect fits for Silverwood, says Tremlett

  • Hong Kong Betting Tips: Mr Aldan can make sure Cruz returns to winners’ enclosure Link https://t.co/yEtiJFy66e
    City A.M. Tue 19 Nov 2019 17:29

    LEGENDARY Hong Kong trainer Tony Cruz must have breathed a huge sigh of relief when his stable star Exultant won the Group 2 Jockey Club Cup at Sha Tin on Sunday.

    Cruz had to suffer a tough five week-period with 55 runners in total failing to make it into the winners’ enclosure before Exultant broke that long losing sequence.

    It’s not as if his stable were under performing, but when lady luck is against you, it’s a matter of patience until the wheel of fortune turns in your favour again.

    Cruz sends a handful of raiders to Happy Valley today and will be hopeful his disappointing form of late can prove a distant memory.

  • Hong Kong Betting Tips: Starlit to cap a Perfect Knight for Zac Purton at Happy Valley Link https://t.co/LFzQCRyyKs
    City A.M. Tue 19 Nov 2019 17:24

    HOPEFULLY the on-going political unrest in Hong Kong, which caused the cancellation of racing at Happy Valley last week, doesn’t disrupt things at the inner-city track today.

    Racing takes place on the infamous ‘C+3’ course, which is the narrowest of the seven tracks raced on at the Valley.

    With the track measuring just under 20 metres in width from rail to rail, there is just enough room to get the starting stalls across the track.

    This means it’s a very tough task for horses who tend to come from off the pace as it’s virtually impossible to find an uninterrupted passage down the home straight.

  • Talks continue between RMT and South Western Railway over December strikes Link https://t.co/ODMhjEBKva
    City A.M. Tue 19 Nov 2019 17:24

    Crunch negotiations between RMT union and South Western Railway took place today, in a bid to avert 27 days of strikes over the Christmas period.

    Union bosses and the rail franchise are still clashing over a dispute involving the role of guards on trains.

    Drivers and guards will strike from 2 December until the New Year, only stopping for a brief period around the General Election on 12 December and for Christmas Day and Boxing Day, when trains do not run anyway.

    Downing Street has called the action “unacceptable”.

  • Why Jon Rahm has strong claims in Race To Dubai Link https://t.co/Vvw94bhDiK
    City A.M. Tue 19 Nov 2019 17:14

    It was exciting right to the end and Fleetwood won it properly. The 28-year-old from Southport got a little bit of luck along the way but you always need that.

    Fleetwood’s level of performance is so consistent – he hasn’t missed a cut in his last 42 tournaments – that it is surprising that he hadn’t won since January 2018.

    Runner-up to Shane Lowry at the Open and with six other top-10 finishes to his name this year, he is up there so regularly that his short drought almost went unnoticed.

    I’m not sure what has been missing – maybe nothing, it is such a fine line sometimes – although he has talked of feeling weighed down by his own expectations.

  • 'Shock' as Tata Steel announces 3,000 European job cuts Link https://t.co/resmYFaAQN
    City A.M. Tue 19 Nov 2019 16:59

    Unions have called for clarity from Tata Steel over its plans to cut 3,000 jobs in Europe, amid fears the announcement could affect its workers in Port Talbort, south Wales.

    Tata announced the job losses, which equate to about one-sixth of its workforce, on Tuesday night, as the steelmaker flights plunging profit after a failed merger with Thyssenkrupp.

    The firm, which employs 8,500 people in the UK, mostly at Port Talbot, said about two-thirds of the job cuts would be office-based workers. 

    That means the majority will likely be from its operations in the Netherlands, but some estimates still forecast as many as 1,400 of the cuts could come in the UK.

  • Renewables set to make up half of the UK's electricity production by 2025 Link https://t.co/Lhmkw33dYc
    City A.M. Tue 19 Nov 2019 16:59

    By the end of 2019 Moody’s estimate that Britain will have 10 gigawatts of offshore wind in operation, the highest in the world, compared with seven gigawatts in Germany, the second-largest market.

    Although growing renewables penetration has contributed to the displacement of coal, a much larger factor has been Britain’s high carbon price.

    Since 2013, the UK has imposed a carbon tax, known as the Carbon Price Support (CPS), which has boosted the total price of carbon to levels where gas has generally had lower variable costs than coal. 

    The substitution of gas for coal, as well as the growth of renewables, resulted in a decline in annual emissions from the UK power sector of 93m tonnes, or 60 per cent, between 2012 and 2018.

    Barring a collapse in the price of coal compared to gas or the total price of carbon collapses, Moody’s expect that the coal phase-out will be complete by 2022, well ahead of the UK government’s 2025 target.

    However, a...

  • White House official slams Trump call and ‘cowardly’ attacks Link https://t.co/5xDOXOWgUz
    City A.M. Tue 19 Nov 2019 16:54

    “It is improper for the president of the United States to demand a foreign government investigate a US citizen and political opponent,” Vindman said in his opening statement.

    Vindman, who along with other witnesses has been publicly criticised by Trump, also said that “vile character attacks” public servants testifying in the inquiry were “reprehensible”.

    Kurt Volker, the former US special envoy to Ukraine, Jennifer Williams, an aide to vice president Mike Pence and former National Security Council Russia expert Tim Morrison were also scheduled to appear at today’s hearing.

    The basis of the impeachment probe is a phone call made on 25 July, in which Trump asked Ukrainian President Volodymyr Zelensky to open a corruption investigation into rival Joe Biden and his son Hunter.

    Democrats are investigating whether Trump deliberately withheld $391m (£305m) in security aid to Ukraine in a bid to pressurise Kiev into cooperation. The aid, which was approved to...

  • Easyjet becomes first major airline to go carbon neutral Link https://t.co/IAAXKz9x5j
    City A.M. Tue 19 Nov 2019 16:39

    Easyjet has become the world’s first major airline to offset all carbon emissions given off by its flights, as the aviation industry comes under mounting pressure to reduce its environmental impact.

    The budget carrier said the measure, which involves stopping deforestation in South America, installing solar panels in India and reducing wood-burning water sanitation in Uganda, would cost around £35m a year until 2022.

    Read more: Easyjet buys Thomas Cook slots at Gatwick and Bristol

    But chief executive Johan Lundgren said the firm would shoulder the cost because it is “the right thing to do”.

  • Brexit campaigner Arron Banks has Twitter account hacked Link https://t.co/QfNdCk3vz9
    City A.M. Tue 19 Nov 2019 16:19

    “I became aware last night that my Twtter account had been ahcked and that persons involved have posted personal data obtained illegally via Twitter,” he said.

    “Twitter were notified 12 hours ago, and despite repeated requests they have taken no action to deactiviate the account or remove the illegal data downloads.

    “Despite the obvious lack of security at Twitter relating to personal data, they have deliberately chosen to leave personal data in the public domain.”

    Twitter were contacted for comment on Banks’ allegations.

    Direct messages from Banks’ account were posted online by the hackers, however they have since been removed.

    Journalist Carole Cadwalladr posted on Twitter that she had seen the messages and they were “pretty explosive”.

    Cadwalladr added that the incident was a chance for Banks to “reflect” on data privacy laws, after he was fined £120,000 by the Information Commissioner’s Office (ICO) this year for breaching them.

  • DTM and Super GT set for inaugural 'Dream Race' at Japan's Fuji Speedway Link https://t.co/aG4QOJQMw4
    City A.M. Tue 19 Nov 2019 16:04

    This weekend a decade of talks between Japan’s Super GT and the German DTM will reach fruition when the two motor racing series come together to take part in the inaugural Dream Race at Japan’s Fuji Speedway.

    The unprecedented crossover event will see one of the world’s most renowned GT racing series, comprising manufacturers such as Honda, Lexus and Nissan, merge with perhaps the best touring car series in the world, which boasts Audi and BMW as participants.

    Agreement on unifying technical regulations to allow cars to interchange between series was finally reached last year and, after a few cars from the Japanese series made the trip to Hockenheim for last month’s DTM finale, the German series is sending four Audi RS5s and three BMW M4s to Fuji for the first dedicated combined contest.

    Read more: Revealed: How Hamilton and Mercedes retained Formula One titles on the cheap

  • Lloyd's of London targets City pubs with 'Speak Up' posters Link https://t.co/zpqItAi3FN
    City A.M. Tue 19 Nov 2019 15:54

    Lloyd’s chief executive John Neal, who described the results of the poll as “stark and totally unacceptable”, has promised a crackdown on the sector’s notoriously boozy culture in a bid to improve company behaviour.

    The effort to target City pubs with posters, first reported by the Guardian, comes as part of a new campaign called #SpeakUp.

  • ITV debate bingo: All the catchphrases to watch out for Link https://t.co/XAwKaDQZBZ
    City A.M. Tue 19 Nov 2019 15:54

    Johnson’s favoured call to “Get Brexit Done” has emerged the most likely contender at 1/100, while a Corbyn reference to “Workers’ Rights” seems a sure thing at 1/1000, according to Betway.

    Moreover, with popular reality show I’m a Celebrity airing straight after the debate, punters can have a flutter on the Labour leader uttering the words “I’m a Marxist, get me out of here” at 50/1.

  • Halma raises payout as profits grow 14 per cent Link https://t.co/cyMaAGrW1O
    City A.M. Tue 19 Nov 2019 15:54

    The FTSE 100 company saw revenue grow 12 per cent to £653.7m, up from £585.5m in the same period in 2018.

    A combination of organic and acquired growth saw profit before tax rise 14 per cent, from £112.9m last year to £128.8m in 2019.

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