Bank of England signals markets to expect earlier interest rate hike to fight inflation February 8, 2018 The Bank of England today set itself up for a faster pace of interest rate rises this year, saying that it wants to tighten monetary policy to fight rising inflationary pressures. The Bank’s monetary policy committee (MPC) voted unanimously to keep interest rates on hold, with bank rate at 0.5 per cent, but nevertheless gave [...]
Top of the food chain: Meet the company helping street-food vendors become the next big thing February 8, 2018 Londoners have a growing obsession with good food. Our European cousins may have scoffed at British cuisine in the past, but a change has taken place over recent years. The multicultural nature of our city means we have been flooded with influences from all around the world, and we now boast an entire smorgasbord [...]
Microsoft Surface Book 2 review: The 2-in-1 powerhouse gets 15-inch upgrade February 8, 2018 The Microsoft Surface Book 2 looks a lot like the original Surface Book, which is great news for those who fear change. It’s still got that vast 3:2 ratio screen, above a great slab of a base that looks like it could have been hewn from a single cuboid of brushed metal Microsoft discovered [...]
The 15:17 to Paris review: Casting real world heroes as themselves is the weirdest thing Clint Eastwood’s done since shouting at an empty chair February 8, 2018 How on earth did this film get made? The 15:17 to Paris is a retelling of the time three American men, two of them off-duty soldiers, beat a would-be terrorist senseless on a train to Paris. Directed by actor, filmmaker and renowned heckler of empty chairs Clint Eastwood, the film is notable for starring [...]
Rachel Reeves, chair of influential cross-party BEIS business committee, has ‘serious concerns’ about Melrose’s hostile bid for GKN February 8, 2018 Rachel Reeves, the Labour MP who heads an influential cross-party business committee, has this morning voiced her “serious concerns” about Melrose’s hostile bid for engineering giant GKN. In a letter to business secretary Greg Clark, Reeves – chair of the Business, Energy and Industrial Strategy (Beis) Committee – said that Melrose’s £7.4bn bid “raises serious [...]
There’s a fresh mission to woo foreign fintech startups to the UK after Brexit February 8, 2018 The UK is seeking to woo foreign fintech firms after Brexit with more than 50 startups set to head to London. The government and City institutions will host companies from more than 13 countries inside the European Union and outside the bloc, in a fresh bid to shore up the sector. Read more: 2017 was [...]
Brexit talks need direction of travel by June or the banks will leave the City February 8, 2018 | City Talk According to one of the European Central Bank’s (ECB) most senior regulators, British-based banks are running out of time to guarantee they have continued access to the single market. Sabine Lautenschläger, an ECB board member, said any British bank wanting to relocate to the euro area “should really have submitted its license application already”, and [...]
London house prices set to fall again this year as buyers struggle to save for a deposit February 8, 2018 London house prices look set to fall again this year as would-be homeowners struggle to save for a deposit. Chartered surveys expect house prices to fall in London over the next 12 months, according to a survey released this morning by the Royal Institution of Chartered Surveyors (Rics). Last year, Nationwide recorded a 0.5 per [...]
Compass share price rises after serves up good growth ahead of its Twickenham meeting February 8, 2018 Annual revenue at Compass, the world’s biggest catering company, will be at the top end of projections, the firm said today. The Chertsey-based firm was the stand-out performer on the FTSE 100. Shares rose almost six per cent, just in time to wow shareholders heading rugby’s Twickenham stadium for its annual general meeting. Revenue swelled [...]
ECB official: Bitcoin amd cryptocurrencies are like a gold rush with no gold February 8, 2018 A top official at the European Central Bank has warned that the rise of bitcoin and other cryptocurrencies is like a gold rush – “but there is no gold”. Yves Mersch, a member of the ECB executve board said the group’s views were “fully in line” with the views of the Bank of International Settlements, [...]