A brave new banking world: How computer science shaped this company November 8, 2017 When I spot Anne Boden across the coffee shop, she beams at me. Even before she’s said a word, I immediately warm to her – here’s a woman who has spent 30 years working for the big banks, and yet she seems far removed from the stereotypical personalities you associate with the cutthroat finance [...]
How to understand the palm oil industry’s inner workings by using big data November 8, 2017 | City Talk By Dr. Kalev Hannes Leetaru and Gabriel Thoumi Palm oil is an inexpensive and highly versatile vegetable oil derived from the fruit of the oil palm tree. It can be found in half of all consumer goods in Western grocery stores, from chocolate, ice cream, and baked goods to soaps, lotions, and detergents. Not [...]
Tencent takes a stake in Snap November 8, 2017 Chinese tech giant Tencent has bought up a more than 10 per cent stake in Snap, the maker of messaging app Snapchat. The stake was disclosed in regulatory filings overnight following earnings late on Tuesday evening. Snap’s ownership structure, which gives voting rights only to its founders, means the stake has not previously been disclosed [...]
TfL says major Tube upgrades on Northern Line and Jubilee Line cancelled because of unexpected dip in passenger numbers November 8, 2017 Upgrades planned for the Jubilee Line and Northern Line have gone off track due to an unexpected dip in passenger numbers on the Tube, Transport for London (TfL) said today. A fall of around two per cent in Tube numbers has had a significant impact on TfL's five-year business plan, as the Tube is the [...]
Pound sterling falls against the dollar and the euro on Brexit no-deal worries (GBPUSD GBPEUR) November 8, 2017 The pound tumbled against both the dollar and the euro in morning trading as investors showed their nerves over political uncertainty in the UK. Sterling was down 0.3 per cent against the dollar, at $1.3129, in late morning trading, and fell 0.4 per cent against the euro, to €1.1318. The falls came amid political turmoil [...]
Iconic film watches November 8, 2017 | City Talk The not-so-humble watch says a lot about our personalities, lifestyle choices and possible financial status. It’s a timeless accessory that simultaneously carries history and innovation. When it comes to characters on the silver screen, the right watch should completely encapsulate our protagonist and many watches have done that. Here’s our pick of memorable movie watches. [...]
The £1.2bn Northern Line extension just reached a major milestone: It has finished tunnelling work from Battersea to Kennington | City A.M. November 8, 2017 The £1.2bn Northern Line extension to Battersea notched up a fresh milestone today, with the completion of tunnelling work. A huge tunnel boring machine broke through this morning at Kennington, meaning two 3.2km tunnels from Battersea Power Station, via Nine Elms, have now been built. Since starting in April, two boring machines – dubbed Helen [...]
Financial Conduct Authority launches review into competitiveness of London’s £68bn insurance broker market November 8, 2017 Financial regulators are to probe whether the City’s prized insurance broker network is delivering value for money amid concerns it is skewed towards larger players, allowing them to squirrel away bigger profits. The Financial Conduct Authority (FCA) wants to know whether London’s £68bn insurance market is fostering sufficient innovation and competition and today launched a [...]
Priti Patel summoned back to London by Theresa May after more undisclosed Israeli meetings come to light November 8, 2017 The international secretary Priti Patel has cut short her trip to Africa after she was summoned back to London by the Prime Minister, 10 Downing Street has confirmed. Patel was called back to the UK from her “pre-arranged” trip to Kenya and Uganda after it emerged last night she had attended yet more undisclosed meetings [...]
Esure share price rises after posting “record quarter” and netting Sir Peter Wood a multi-million pound paper profit November 8, 2017 Esure today posted “record quarter” results driving shares up and netting the firm’s founder a multi-million pound payday. The insurer also upped its full-year guidance as analysts pointed to the success of key strategic changes. Shares in the FTSE 250 firm rose almost four per cent in trading, meaning insurance tycoon Sir Peter Wood – [...]