Ford, Vauxhall, Honda among car giants to issue stark warning over hard Brexi November 14, 2017 Some of the world’s biggest car-makers have warned that a hard Brexit would put significant pressure on their UK operations, urging the government to agree a standstill transitional period amid fears that time is running out. Ahead of an industry hearing before the Business, Innovation, Enterprise and Skills (Beis) committee this afternoon, MPs have published [...]
Goodbye, Charles Darwin: Here’s when the old £10 note will no longer be legal tender November 14, 2017 After the introduction of the jazzy new plastic tenner, the Bank of England has revealed the date the old, paper version will stop being legal tender. This morning the Bank said one minute before midnight on 1 March is the date on which the old £10 note, featuring Charles Darwin, will have its legal tender [...]
UK fund managers not willing to pay brokers for corporate access post-Mifid II November 14, 2017 UK fund managers are not willing to pay brokers to set up corporate meetings when new EU rules come into force next year, a survey from Capital Access Group (CAG) has found. From January, the second Markets in Financial Instruments Directive (Mifid II) – a piece of regulation designed to increase transparency across all asset [...]
Definitely no regrets: Karmarama’s Jon Wilkins talks the highs and lows of a year under Accenture November 14, 2017 When Accenture acquired Karmarama nearly a year ago, it was big news: management consultancy tanks were parked on AdLand’s lawn. A year on, and advertising has had it rough. From WPP to Publicis groupe, the big ad networks have battled disappointing revenues, the finger of blame pointed in all directions – from Brexit to Google. [...]
How are Apps Using Bitcoin? November 14, 2017 | City Talk Found on both IOS and Android, Bitcoin is used in apps ranging from wallets to apps that can help convert bitcoin to physical currency. There are also an increasing number of games that use Bitcoin as a reward to users completing engagements within their apps. Bitcoin can be used as a proxy to Bitcoin [...]
Fund customs contigency plans or face “catastrophic” Brexit, Public Affairs Committee warns November 14, 2017 Failure to fully deploy a new customs system by the point the UK leaves the European Union would be “catastrophic”, a report by the influential Public Affairs Committe (Pac) has claimed. If HMRC’s new customs system, the Customs Declaration Service, is not ready by March 2019 it could cause huge disruption for businesses, massive queues [...]
Prime Minister Theresa May will be grilled by MPs after December’s European Council meeting November 14, 2017 Theresa May is to be grilled by a committee of MPs days after the critical December European Council meeting, where the EU27 will decide whether “sufficient progress” has been made on Brexit talks. The liaison committee, which is composed of the chairs of the other select committees, is the only one with power to call [...]
Meggitt’s chief executive Stephen Young is set to retire in 2018 as revenue growth flatlines November 14, 2017 The chief executive of aerospace and defence firm Meggitt will retire at the end of April 2018 amid a slower ramp up of the firm’s new civil programmes. Stephen Young will leave after five years in the role and will be succeeded by current chief operating officer Tony Wood on 1 January. In a trading [...]
Kantar figures: Lidl maintains position as UK’s fastest growing grocer as Sainsbury’s outpaces Big Four November 14, 2017 Lidl has kept its crown as the UK’s fastest growing grocer for a fifth quarter in a row, as Sainsbury’s becomes the best performing of the Big Four. Figures published by Kantar Worldpanel this morning show that sales were up 15.1 per cent at Lidl in the 12 weeks to 5 November, with 10.6m households [...]
Japanese lender Mitsubishi UFJ creates nearly 200 new investment banking jobs in London November 14, 2017 Japan’s biggest bank – and the world’s fifth largest – gave London a big vote of confidence overnight by announcing nearly 200 new investment banking jobs in the capital. Mitsubishi UFJ is to expand European operations in the hope of boosting income outside of Japan, according to reports. The Japanese lender has hired 180 staff [...]