Friday 30 December 2016 11:58 am Where to watch London’s New Year’s Eve fireworks for free Lynsey Barber whatsapp Further north may promises to be a little quieter, though you may have to squint a little more. Head to Alexandra Palace national rail station or Wood Green Tube.ElsewhereIt might take a bit more effort and will likely be busier, but there are areas closer to the action that are not part of the exclusive ticketed zone. That includes bridges further away from the main event such as Vauxhall and Tower Bridge. St Pauls, Cannon Street and Monument are also popular spots. Read more: Why New Year’s resolutions are terrible for your health and happinessGreenwich Park Parliament Hill on Hampstead heath is a particularly popular spot with more stunning views. Hampstead national rail or Tube station as well as Belsize Park Tube and Gospel Oak train station are close by.Primrose Hill by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersPets DetectiveNFL Quarterback’s Fiancée Makes A Startling Admission About Their Personal LifePets Detective While Greenwich park offers stunning views over London from the south east, the royal park will in fact be closed. But don’t let that stop you. Try the top of Point Hill just off Blackheath Hill at the top of the park for a glimpse of the city and the display.Hilly FieldsAnother south London spot with stunning city views that are almost 360 degrees. Get here via national rail to Ladywell, Lewisham or Brockley, where the Overground also stops.Hampstead Heath Londoners wanting to watch the capital’s annual New Year’s Eve fireworks display over the Thames but find themselves without a ticket needn’t miss out. Several spots across the city offer spectacular views of the evening’s celebrations, with the added bonus of fewer crowds and without it costing a penny. whatsapp This north London location overlooking the centre of town is a classic that gathers crowds come rain or shine. Head to Chalk Farm or Camden Town, but beware, with possibly the best views of the city, it’s likely to attract many people.Alexandra Palace Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org
whatsapp Star athlete and Olympic hero Sir Mo Farah has slammed Donald Trump’s executive order banning entry into the US for nationals of seven majority Muslim countries, including those who hold dual citizenship.Farah said it was “deeply troubling that I will have to tell my children that Daddy might not be able to come home – to explain why the President has introduced a policy that comes from a place of ignorance and prejudice”. Lynsey Barber Mo Farah slams Trump’s travel ban as “deeply troubling” Sunday 29 January 2017 12:48 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatter2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search AdsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthFactablePut Baking Soda Around The Base Of A Tomato Plant, Here’s WhyFactable The long-distance runner is a British citizen originally from Somalia, one of the countries Trump is preventing travel from, and trains in the US.”On 1 January this year, Her Majesty The Queen made me a Knight of the Realm. On 27 January, President Donald Trump seems to have made me an alien.”I am a British citizen who has lived in America for the past six years – working hard, contributing to society, paying my taxes and bringing up our four children in the place they now call home. Now, me and many others like me are being told that we may not be welcome.”I was welcomed into Britain from Somalia at eight years old and given the chance to succeed and realise my dreams. I have been proud to represent my country, win medals for the British people and receive the greatest honour of a knighthood. My story is an example of what can happen when you follow polices of compassion and understanding, not hate and isolation.” More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Share whatsapp
Catherine Neilan Share He added: “The report describes the most incredible example of complacent audit rubber-stamping one could fear to imagine. No wonder Sir Philip Green and his fellow Taveta directors didn’t want this report ever to see the light of day… If Sir Philip and his fellow directors really do believe they had proper evidence that BHS was a going concern, then surely they will be happy to put that evidence in the public domain so that BHS employees, pensioners and creditors can judge for themselves.”Field said his Work and Pensions Committee would scour the original report “to make sure that the independence of the regulator is protected from well-resourced plaintiffs who want to gag it.“If material has been suppressed, we will want to look at whether it would be in the public interest to publish it”.He has also written to Green asking him to publish the basis of the ‘going concern’ assessment.A Taveta spokesman highlighted the fact the report was into PwC and Denison and “makes no criticisms of third parties, including Taveta or its directors or employees”, but argued that it had given “an incomplete and potentially misleading picture into BHS’s affairs”. whatsapp Auditing giant PwC has been slammed for multiple failings in its checks on BHS in the days before it was sold for a pound, only a year before the retailer collapse into administration.The firm carried out “inadequate” work on the business, with individuals being “too close to the management”, the Financial Reporting Council has said in a damning report, published after pressure to detail the eight allegations of misconduct that prompted a series of fines made earlier this year. whatsapp “As is widely known, Taveta provided significant financial support to BHS whilst it was under its ownership. However, the report fails to make any reference to the fact that Mr Denison was aware (as we understand he informed the FRC) that substantial assets would also be made available to BHS as part of any sale, which was ultimately the case.“As we confirmed to the FRC, Taveta made available to BHS substantial cash, real estate assets and bank guarantees at completion of the sale which supported the business plan and allowed it to continue to trade. Therefore the report fails to accurately reflect the actual position, and as a result is unbalanced and potentially unfair to Taveta.”PwC apologised for its work falling below the professional standards expected.“This is unacceptable and we agreed the settlement recognising that it is important to learn the necessary lessons,” it said in a statement. PwC was fined a record £6.5m, while former partner Stephen Denison was forced to pay £325,000. Denison was also banned from auditing for 15 years.One of the main criticisms within the report was his failure to properly assess whether BHS was a going concern at the time of the deal.“They failed altogether to discharge these responsibilities,” the report said, highlighting the retailer’s “significant net liabilities”, loss-making stores and its pension deficit as red flags that were missed or ignored.“[The auditors] failed to gather any audit evidence on which to conclude that the going concern assumption was appropriate,” the report added. “Based on the audit evidence obtained, they should have concluded that a material uncertainty existed about BHS Group and BHS’s ability to continue as going concerns.”Frank Field MP, who has been pushing for the report to be made public, described it as “devastating”. PwC slammed for ‘inadequate’ checks on BHS Wednesday 15 August 2018 9:39 am
Monday 1 October 2018 8:36 am whatsapp Releasing its quarterly Brexit Monitor, consulting firm RSM said just 39 per cent of business leaders thought the government could strike a ‘good deal’ with the EU. This was down from just under a half (49 per cent) in the previous quarter. The survey of more than 300 mid-market business leaders conducted by YouGov showed the proportion who lacked confidence the government could get a good deal had more than doubled to 35 per cent, compared to 16 per cent last quarter. Read more: War of words: Former Brexit minister sticks knife into the CBILeaders voice support for second referendumFor the first time, RSM also polled leaders on a second Brexit referendum. Overall, 60 per cent said they were in favour of, or would welcome a second referendum, while just 16 per cent said they would not welcome a second vote. The area with the highest level of support for a second referendum was in London and the south, as 67 per cent were in favour. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.com Business leaders voice growing concern over government striking good Brexit deal Recent polling on Brexit has uncovered mixed opinions in the City. A poll by Reuters released last week showed just 630 finance jobs had moved abroad since the Brexit vote, contrasting markedly with fears after the vote that exiting the EU could see 10,000 jobs leave the UK. Simon Hart, Brexit lead partner at audit, tax and consulting firm RSM said: As we get closer to Article 50 Brexit day and therefore the end of the negotiation period, and with both parties seemingly at an impasse, our Brexit Monitor survey shows that middle-market businesses are getting more concerned about the UK government’s ability to secure a good deal.The publication of the government’s technical notices, outlining the implications of a ‘no deal’ scenario, may have also dampened optimism in the prospects of a good deal.All eyes will now be on the EU summit in mid-October, described by Donald Tusk as ‘the moment of truth’. Many businesses will be hoping for some much-need progress from both the EU and the UK. Read more: City leaders sound alarm over risk of no-deal Brexit ‘cliff-edge’ whatsapp Business leaders voiced growing concern in the government’s ability to deliver a good Brexit deal today as a survey revealed confidence had dipped to its lowest level in over a year. Share Tags: Brexit Josh Mines by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutQuizGrizThe Average Baseball Fan Only Gets 7 Right! Can You Beat That?QuizGrizBetterBe20 Stunning Female AthletesBetterBemoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Herald
Saturday 1 December 2018 4:12 pm The protest was organised by the “yellow vests” movement, which is a rebellion against diesel tax hikes and protestors wear high visibility jackets at the demonstrations.Police said some of the arrests were made amid concerns violent far-right and far-left groups were infiltrating the movement.There have now been three weeks of protests and demonstrations with roads being blocked across the country and calls for Macron to resign in one of his biggest challenges yet as president. Michael Searles whatsapp Tags: Tax Twitter It was the third rally in as many weeks as people took to the streets to protest rising fuel taxes and Emmannuel Macron’s government.Macron said there had been 5,500 protesters in the capital and about 36,000 in total around the country.Authorities said 65 people were injured during the demonstration, including 11 police officers.Some protestors lit fires and threw rocks at the police, while images circulating on social media have shown cars that were on fire. “The scenes we watched this morning are intolerable,” Mr Castaner wrote on Twitter. “The clear will to attack our police forces, our country’s symbols, is an insult to the Republic.” whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastLearn It WiseColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumLearn It WiseGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyPaws ZillaLily From The AT&T Ads Is Causing A Stir For One ReasonPaws Zilla At least 158 people have been arrested after there were violent clashes between protestors and French police in Paris on Saturday. Riot police used tear gas, water cannons and stun grenades to quell protestors who attempted to breach security cordons on the Champs Elysees boulevard. Share Paris protests: At least 158 arrested after demonstration turns violent
No one disagrees that our major cities are in urgent need of more housing and transport infrastructure. But it is much harder to persuade residents to back new homes or offices when they can’t see a direct link between development and the public services they receive. As many a City A.M. reader will know, London is different from the rest of the UK in a variety of ways – and not just in terms of how it votes, its cultural mix, or its size and complexity. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Some 27 per cent are in poverty after housing costs, compared to 21 per cent for the rest of England. And there has been a 50 per cent increase in the number working families suffering from poverty. Tuesday 18 June 2019 4:51 am Opinion Local governments would then be free to raise more funds to deliver investment – or, if they wish, to offer tax breaks to stimulate growth and employment by the private sector. For 2017/18, some £34bn of revenue raised in London was spent elsewhere in the country. That’s around £4,000 for every man, woman and child in the city. Without that transfer, public expenditure in London could have been as much as a third higher. London is one of only three regions where revenues raised locally are greater than public spending received, along with the South East and the East of England. London and the South East have recorded surpluses in 18 out of the last 19 years. With few exceptions, all other parts of the UK were in deficit for the whole of that period. Despite the popular conception that the capital’s citizens are disproportionately wealthy and can afford this multi-billion fiscal transfer, the case for rebalancing and giving Londoners’ money back to London is compelling. To make that connection much stronger, the next chancellor should commit to reforming local property taxes in London and across England. Over the last 20 years, there has been some progress in devolving powers to cities, while Scotland, Wales and Northern Ireland have also seen reform. We need a radical plan to return the lion’s share of local revenues for public services and investment back to local councils and city-wide authorities – as is the case in most western democracies. There is also the amount of tax that London’s citizens and businesses pay. Recent figures put together by the Office for National Statistics highlight that the capital produces that rarest of economic entities: a fiscal surplus. The charitable foundation Trust for London found that four in 10 Londoners have income levels below what is required for a decent standard of living. Sorting out local taxes and rebalancing London’s fiscal transfer would be a fine first step. whatsapp whatsapp Let London take back control of its finances Giving London more control over its own finances isn’t just about fairness – it’s an opportunity for the next government to incentivise growth and prosperity in all parts of the country. With the prospect of many more years of political disruption and uncertainty in a Brexit-obsessed Westminster, there is a golden opportunity to let leaders of London and our other major urban areas get on with the business of delivering on the big challenges of the day – housing, climate change, air quality, and transport. Share Alexander JanAlexander Jan is chief economist at Arup.
Tags: Boris Johnson Saturday 22 June 2019 8:40 am Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Police were called to the home of Boris Johnson and his partner Carrie Symonds in the early hours of Friday after neighbours reportedly raised concerns over a loud altercation. Read more: Boris Johnson’s team denies ‘stitch up’ of Michael Gove “There were no offences or concerns apparent to the officers and there was no cause for police action,” it added. Police called to Boris Johnson’s home after reports of altercation James Warrington In a statement, the Metropolitan Police said officers spoke to the occupants of the address, who were “safe and well”. Boris Johnson leaves Carries Symonds’s home in south London Read more: Tory leadership race: Boris Johnson takes on Jeremy Hunt whatsapp The former Mayor of London is now the frontrunner to replace Theresa May as prime minister. The alleged incident occurred just hours after Johnson topped Thursday’s ballot of Tory MPs, and he now faces foreign secretary Jeremy Hunt in the final round. Johnson, who is the frontrunner in the race to become the next prime minister, lives with former Tory spin doctor Carrie Symonds in her flat in Camberwell, south London. A neighbour told the Guardian they heard a woman screaming followed by “slamming and banging”. Johnson split from his wife Marina Wheeler last year and has been living in Symonds’s home in Camberwell in recent weeks. Johnson’s office has been contacted for comment. whatsapp The neighbour called the police after they knocked on the door but received no response, according to the Guardian.
Mark Carney warns no-deal Brexit shock would be ‘instantaneous’ Alex Daniel Read more: New £300m no-deal Brexit freight plan risks legal delays, experts warn Read more: Sajid Javid unveils extra £2bn to ‘turbo-charge’ no-deal Brexit preparations whatsapp Friday 2 August 2019 9:42 am “Restructuring an economy in terms of changing supply chains, retraining workers, shutting down plants that are no longer economic, starting up new ones that would be economic – that is very difficult.” Carney said this morning it is “not helpful” to deny the challenges that a no-deal scenario would bring. He said there would not only be disruption at Britain’s borders, but such a situation would render a “substantial number” of businesses “no longer economic”. The automotive sector, food and chemicals and transport industries would suffer most of all, he said. ‘Consumer panic’ and chance of recession Carney was speaking to the BBC after the Bank of England yesterday said UK growth ground to a standstill in the second quarter of the year. This was due to the unwinding of Brexit stockpiling and car plant shutdowns. The BoE chose to leave interest rates unchanged at 0.75 per cent. Share A leaked government slide which was shown to cabinet ministers showed the government’s worst-case scenarios in a no-deal, reported Sky News. Chancellor Sajid Javid has announced an extra £2.1bn of public spending to increase the government’s ability to cope with such a scenario. LONDON – DECEMBER 16: Governor of the Bank of England Mark Carney speaks during the Bank of England’s Financial Stability Report press conference at the Bank of England on December 16, 2014 in London, England. (Photo by Anthony Devlin – WPA Pool/Getty Images) Bank of England governor Mark Carney has hit back at accusations that he is stirring fear about Brexit, warning that the UK would be hit by an “instantaneous” economic shockwave if it cannot strike a deal with the EU. The BoE also warned yesterday that the economic damage could be so great that there is now about a 30 per cent chance of a recession at the start of next year. However, it emerged hours later that Whitehall was bracing for potential “consumer panic”, increased risk of organised crime and a plummeting pound if there is a no-deal. whatsapp Former Tory leader and hard Brexit-backing backbencher Iain Duncan Smith told the Telegraph yesterday that Carney’s comments should be taken with a “massive pinch of salt”. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: Brexit
Whereas cars and houses were the ultimate status symbols a decade or two ago, today’s society is looking elsewhere to discern wealth. Non-tangibles, such as wellness qualifications or membership at a fashionable members’ club, have become the modern status symbol. While not physical products, these new age symbols of status portray a glaring message of wealth and ambition. But that’s not to say old-fashioned status symbols are dead and buried. As the prospect of homeownership becomes less and less likely for younger generations, the appeal of abandoning personal fiscal responsibility and deploying disposable income towards the purchase of luxury watches, designer clothes, and the latest pair of Yeezy trainers is all the more tempting. NO, says Leon Emirali, an entrepreneur and investor. Despite the fashionable scepticism of capitalism, society’s appetite for consumerism is more rampant than ever. Yes, the technological revolution has seen demand for the subscription economy sky-rocket, but the lure of ownership remains strong. Share whatsapp Can we really foresee a time when owning status symbols will be a thing of the past? YES, says Mark Davis, co-founder and creative director of property branding agency me&dave. DEBATE: Will owning status symbols become a thing of the past? Where and how we’re living is changing too. By 2025, 60 per cent of Londoners will be renting, so the rabid pursuit of homeownership will naturally fade and people will start to embrace this new “subscription” lifestyle model. Being free to up sticks and work remotely, or move to a build-to-rent development in any city unburdened by “stuff” – covetable or otherwise – will become the new symbols of success. It’s all about experience, rather than tangible things. It’s already happening. The way we live is changing, as are the things we care about, and this is affecting our attitudes to the old trappings of success. whatsapp Main image credit: Getty NEW YORK, NY – DECEMBER 11: Social media bloggers listen as Spotify CEO Daniel Ek announces that the online streaming music service will expand to 20 new markets around the world and that it has worked out a deal with Led Zeppelin, which had so far refused to license its catalog for streaming on the service on December 11, 2013 in New York City. The new markets will include a number of countries in Europe and South and Central America and the music service will now allow free streaming to mobile devices. (Photo by Spencer Platt/Getty Images) Tuesday 8 October 2019 11:07 am Mark DavisMark Davis is co-founder and creative director of property branding agency me&dave. and Leon EmiraliLeon Emirali is an entrepreneur and adviser. Follow him on Twitter @LeonEmirali Opinion City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Today, for example, we stream music on Spotify rather than curate record collections. Furniture subscription services offer flexible and sustainable alternatives that appeal more than owning a classic Eames lounger. We’re becoming less focused on what the material objects we own say about us. The experiences you have will be the new markers of success and wealth. Tags: Spotify
whatsapp Alex Daniel Goldman shares fell three per cent this afternoon. Goldman Sachs has ordered its US employees to report their vaccination status, ahead of a planned return to the office. Goldman Sachs has missed Wall Street estimates for quarterly profit, amid fewer fees from advising on deals. The figures The bank’s net earnings applicable to common shareholders fell 27 per cent to $1.79bn in the quarter ending 30 September from $2.45bn over the same period last year. Earnings per share fell to $4.79 from $6.28. Revenue at three of its four major business units fell in the most recent quarter, led by declines in investment banking due to fewer mergers and stock market floats. Wall Street’s biggest banks are facing several challenges in boosting revenue, largely due to the ongoing US-China trade war and concerns about further interest rate cuts by the US Federal Reserve. whatsapp Share Why it’s interesting This is a bid to shield its revenue from wild swings in financial markets. At the bank’s investing and lending arm, net revenue from equity securities fell 40 per cent from last year to $662m. Under chief David Solomon, Goldman shifted its strategy from its focus on trading to building a bigger consumer business. Goldman Sachs misses profit forecasts amid slump in advisory fees Total net revenue fell six per cent to $8.32bn. Tuesday 15 October 2019 2:37 pm “We continue to execute on our strategic priorities, including investing in important growth opportunities in our existing and new businesses.” Goldman, which recently launched a credit card with Apple, has also attempted to build out new businesses, but top executives at the bank have warned in previous quarters that those efforts will take time to bear fruit. “Our results through the third quarter reflect the underlying strength of our global client franchise and its ability to produce solid results in the context of a mixed operating environment,” Solomon said. Goldman benefited from investments in several high-profile Initial Public Offerings, including Tradeweb Markets, Avantor, Uber and Headhunter, which together made up 55 percent of the bank’s public investment portfolio. What Goldman said Tags: Goldman Sachs