Five reasons why tech stocks are in trouble November 27, 2018 For months, technology stocks have been the holy grail for growth, with valuations reaching dizzying heights. So, considering that what goes up must come down, perhaps it’s not surprising that stocks started tumbling last week. Share prices for each of the five tech giants – Facebook, Amazon, Apple, Netflix, and Google (the so-called Faangs) – [...]
Have faith, the UK can weather the political storm November 27, 2018 Winston Churchill once said that Brits are “the only people who like to be told how bad things are, who like to be told the worst”. In these turbo-charged political times, I would take it one step further and say that Brits not only like to be told the worst, but they often expect the worst. [...]
Former UBS rogue trader Kweku Adoboli accuses Home Office of ‘state violence’ following his deportation to Ghana November 27, 2018 Six years to the month since he was sentenced at Southwark Crown Court, Kweku Adoboli – the man responsible for the biggest unauthorised trading loss in UK history – is travelling along Ghana’s coast towards an idyllic seaside retreat known for its turtles and palm trees. Adoboli’s journey, however, has been far from leisurely. Earlier this [...]
Forget ‘just deserts’ and keep your nose out of other people’s pay November 27, 2018 Two decades ago, it was considered rude and crass in Britain to openly discuss wages and salaries. Now, everyone seems to have an opinion on how much others should earn. There has always the been broad lament about footballers’ wages being “ridiculous”, of course, or that nurses and teachers were “undervalued”. And after the financial [...]
It’s no crystal ball, but polling is essential for democracy November 27, 2018 At the time of writing, the political landscape in the UK seems as uncertain and changeable as the weather. It all hinges on Theresa May’s Brexit plan, which, if not accepted by parliament, increases the likelihood of the UK barrelling towards a new referendum, or even a General Election. And that means election polling. Election [...]
DEBATE: Was it right for MPs to use obscure parliamentary powers to seize Facebook documents? November 27, 2018 Was it right for MPs to use obscure parliamentary powers to seize Facebook documents? Kevin Craig, chief executive and founder of communications agency PLMR, says YES. There is something poetic about British politicians using one of the most archaic parliamentary powers to tackle a very modern policy challenge. Since the Cambridge Analytica story broke, Facebook has [...]
Open your eyes, Labour is more radically left than it’s ever been November 27, 2018 When something new happens in politics, people like to pretend they’ve seen it before. Look at Jeremy Corbyn’s Labour party. In the City, lazy thinking about Labour is everywhere. Pub bores, from Leadenhall to Limehouse, will tell you that Corbyn’s party today is a just bad Betamax video of a 1970s-era Labour government. This is [...]
Surf’s up: London is getting a £40m surfing venue November 27, 2018 London may become the first capital city in the world to boast an inland surfing venue, thanks to a project announced today by Lee Valley Regional Park Authority (LVRPA). LVRA and inland surfing company The Wave have unveiled plans for a £40m surfing destination called The Wave London next to the Lee Valley Athletics Centre in [...]
City of London Corporation caught in ‘gagging’ row after referring resident councillor to City of London Police November 27, 2018 The City of London Corporation is embroiled in a gagging row after a resident councillor who spoke against a planning delegation decision was referred to police for potential prosecution. Councillor Susan Pearson, who represents the ward of Cripplegate, was threatened with criminal prosecution after she spoke against a proposal to delegate a planning application next [...]
Campbell Soup reaches deal with activist investor to stop battle over board November 26, 2018 Campbell Soup has ended a months-long battle with Third Point by promising the activist investor can choose two new board members. The hedge fund, which will now have a say in selecting Campbell’s new chief executive, has been locked into a dispute with the soup maker over its struggling share price and a takeover spree which [...]