Sorry Angela Merkel, it’s not that easy to choreograph your own legacy November 1, 2018 There definitely comes a time where a fresh pair of eyes and fresh leadership would be good.” Those are the wise words of David Cameron, when asked whether he’d be running for a third term as Prime Minister just before the 2015 election. Now into her fourth term as German Chancellor, it has taken Angela [...]
We must turn the page on the public perceptions of finance November 1, 2018 A company needs to stand for something more than making money. Sustainability matters more than profit. The mission should be a lasting contribution to society that finds a balance between all stakeholders. Those aren’t the words of a pious left-wing hand-wringer but of John McFarlane, chairman of Barclays, in an anthology of writing published this week [...]
Caught off-guard by GDPR? Wait until you meet its unruly younger sibling: ePrivacy November 1, 2018 Remember earlier this year, when every other email warned you of the countdown to the General Data Protection Regulation (GDPR)? Now it’s time for the sequel – ePrivacy – and a shake-up that could cost businesses trading in the EU €551.9bn (£492.6bn) each year. The ePrivacy regulation, expected to be finalised at EU level in [...]
Tube delays: Northern Line running with severe delays after faulty train November 1, 2018 Severe delays have hit the Northern Line this morning, spelling a difficult journey in for commuters. Services between Morden and Camden Town on the Northern Line’s Bank branch are subject to the delays after an earlier faulty train at Balham. A good service is running on the rest of the line, Transport for London said. [...]
DEBATE: Given the ethical issues exposed in a recent MIT study, will we ever fully trust autonomous vehicles? November 1, 2018 Given the ethical issues exposed in a recent MIT study, will we ever fully trust autonomous vehicles? Daniel Pitchford, co-founder of AI Business, said YES. There are approximately 1.3m global road deaths each year, and 95 per cent of these are caused by human error. The deaths due to driverless cars currently stand at four. [...]
UK house price growth slumps to five-year low in October November 1, 2018 House prices grew at their slowest annual rate for five years in October, Nationwide data revealed today. House price growth slumped to 1.6 per cent last month, with prices flat month on month as the latest figures paint a miserable picture for housing activity across the UK. October’s 1.6 per cent growth rate fell from [...]
End Big Four dominance using French-style joint audits, watchdog told November 1, 2018 Regulators should consider introducing a French-style joint audit system to break the Big Four’s stranglehold on the top end of the market, the industry body said yesterday. Responding to a fast-moving review of Britain’s audit sector, the Institute of Chartered Accountants in England and Wales (ICAEW) warned the Competition and Markets Authority (CMA) of the [...]
Will struggling high street retailers survive the crucial Christmas period? November 1, 2018 Trouble came in threes for the high street yesterday. Struggling retailer Mothercare announced hundreds of redundancies as part of its turnaround plan while 600 jobs hang in the balance as high street butchery chain Crawshaw collapsed into administration. Meanwhile, retail bellwether Next’s shares fell eight per cent in early trading as it revealed its sales growth [...]
Online estate agent Emoov on the hunt for big ticket buyers October 31, 2018 Despite only completing a merger process in May, online estate agent Emoov has put itself up for sale amid signs of a squeeze on its pursestrings. Emoov merged with fellow online agencies Tepilo and Urban earlier this year, which resulted in former Daily Express owner Richard Desmond taking a significant minority stake in the new [...]
Nicky Morgan says City could take decades to resolve regulatory relationship with EU October 31, 2018 It could take decades for the UK to work out its financial services regulatory relationship with the EU after Brexit, treasury select committee chair Nicky Morgan said. “The story of the next 40 years of this country, or it could be longer, in relation to that future relationship with the EU, is going to be [...]