Editor’s Notes: We shouldn’t look to the police to protect us from offence November 9, 2018 One of our most popular columnists, Kate Andrews, enjoyed her latest outing on Question Time last week. During a discussion about online abuse and freedom of speech, David Dimbleby made an unusual intervention to highlight the appalling levels of abuse that Kate suffers on social media following an appearance on the show. “This afternoon I was [...]
Gresham House scoops up assets from Livingbridge in £30m deal November 8, 2018 Asset manager Gresham House will hand over £30m to acquire Baronsmead and other funds from manager Livingbridge. The deal, which could rise to £40m, brings half a billion pounds in assets under management to the London-based manager. The acquisition is expected to boost Gresham House’s earnings per share when it closes at the end of the [...]
Jobs will stay in City after Brexit, says top asset manager November 8, 2018 Jobs will not leave the City of London in huge numbers after Brexit, the head of one of the country’s biggest asset managers has said. Martin Gilbert, the co-chief executive of Standard Life Aberdeen, said he is “positive” about the City’s future, and believes Dublin will be the big winner as jobs are created there [...]
Beazley hit with $105m hurricane costs November 8, 2018 Lloyds of London insurer Beazley today said it expects costs of roughly $105m after a series of natural disasters in the US and Asia. Beazley said the payouts following hurricanes Florence and Michael and typhoons Jebi and Trami are in line with expectations. But the insurer, which covers a range of areas including kidnapping and [...]
Fed keeps US interest rates stable ahead of next month’s anticipated hike November 8, 2018 US stocks ticked upwards as the Federal Reserve said it would keep its interest rate benchmark stable for at least another month. The S&P 500, which had been trading down 0.30 per cent ahead of the announcement, clawed back some of its losses, closing down 0.25 per cent to 2,807. The Fed said it would keep [...]
Deloitte calls for audit market cap and ban on selling extra services to audit clients November 8, 2018 Two of the world’s biggest accountancy firms have backed a ban on UK auditors selling extra services to their audit clients, setting the stage for a huge shift in the embattled sector. Deloitte and KPMG – two members of audit’s Big Four – have backed the move, which would potentially put hundreds of millions in fee income [...]
It’s make or break for the telecoms sector’s shot at reform November 8, 2018 One of the great ironies of the telecoms industry is that, for a sector that is primarily focused on technological innovation and future infrastructure, certain aspects of it are decidedly backwards looking. There’s a clear divide between, say, the gathering momentum in the roll-out of ultrafast broadband and the distinct stasis when it comes to the [...]
Coke frightens Monster with plans to launch Coca-Cola Energy drink November 8, 2018 Coca-Cola plans to launch a new line of energy drinks under its Coke brand, putting it in direct competition with Monster, in which it owns a 17 per cent stake. The drinkmaker told Reuters that Coca-Cola Energy and Coca-Cola Energy No Sugar will be made with natural caffeine and guarana extract. However, it did not [...]
Watch out for Brexit scammers, says UK financial regulator November 8, 2018 Scammers might seek to take advantage of uncertainty around Brexit to trick unsuspecting Brits, the Financial Conduct Authority (FCA) warned today. The regulatory said consumers should beware of unexpected calls, emails and text messages, and told consumers never to hand over their debit card pins. The warning came as part of a notice advising consumers [...]
Tate & Lyle reports flat profit but keeps investors sweet by sticking to guidance November 8, 2018 Tate & Lyle posted flat profits and revenue in its half-year results today, but sweetened the news for investors by maintaining its full-year outlook and fractionally improving its interim dividend. Profit before tax stood at £166m for the six months to the end of September, flat compared to the same period last year, while sales from continuing [...]