Burberry investors give company a slap on the wrist over directors’ remuneration report July 12, 2018 Burberry had its wrists slapped by investors today as a handful voted against its remuneration report at the company's annual meeting. Over 10 per cent of investors voted against the company's annual pay report for its directors for the year ending 31 March 2018. A far higher proportion of shareholders voted against directors' pay last [...]
Premier Oil approves key project as output slows July 12, 2018 Premier Oil said today that it had approved a key North Sea gas project and it expected production to begin in 2020. It said its Tolmount gas project in the North Sea had been approved by its board with formal sanction by its partners in the project expected this quarter. Read more: Premier Oil ramps [...]
New report shows falling house sales persist amid ‘subdued’ London market July 12, 2018 June marked the 16th consecutive month of falling house sales in London, according to the closely watched survey from the Royal Institution of Chartered Surveyors (Rics). Prices in London continued to decrease, albeit at a lesser pace than the previous reports. The report, which shows falling prices as well as sales, suggests London’s "subdued picture [...]
Brexit paper ‘a real blow to the City’ July 12, 2018 The City blasted the government’s decision to drop its favoured post-Brexit trade model for financial services following the publication of the long-awaited white paper. A senior City of London policymaker said the move was “a real blow” to financial services, while a top lobby group called it “regrettable and frustrating”. The white paper, which sets [...]
Brexit white paper: City figures scathing over “blow” to financial services July 12, 2018 The City has blasted the government’s decision to drop its favoured post-Brexit trade model for financial services following the publication of the long-awaited white paper. A senior City of London policymaker said the move was "a real blow" to financial services, while a top lobby group called it "regrettable and frustrating". The white paper, which [...]
Rapper and TV personality Professor Green talks to us about side hustles July 12, 2018 A business school isn’t where you’d expect to meet a famous rapper. But it is 2018, and stranger things have happened. While Professor Green might not be an actual qualified professor, he’s got plenty to say – and he puts everything so eloquently, almost lyrically. This is a man from a working-class background who is [...]
Brexit white paper revealed: What it means for financial services, customs and immigration July 12, 2018 The government is no longer seeking mutual recognition as the basis for the City’s future trading relationship, its Brexit blueprint revealed this morning. Despite chancellor Philip Hammond having made an impassioned speech defending mutual recognition and rejecting equivalence as a land grab in which the EU could have final say on access just three weeks [...]
Rapper and TV personality Professor Green talks to us about side hustles July 12, 2018 A business school isn’t where you’d expect to meet a famous rapper. But it is 2018, and stranger things have happened. While Professor Green might not be an actual qualified professor, he’s got plenty to say – and he puts everything so eloquently, intellectually, almost lyrically. This is a man from a tough working-class background [...]
EU Commission and Bank of England fire latest shots in City’s Brexit contracts row July 11, 2018 The EU’s top financial services boss today contradicted warnings over a potential catastrophe involving trillions of pounds of contracts, as a Bank of England boss suggested that political concerns had affected European regulators’ stance in the latest stage of a row over Brexit preparations. EU financial services commissioner Valdis Dombrovskis today said that financial contracts [...]
Six months into Open Banking, how is it going? July 11, 2018 For the superstitious among us, this Friday 13 will be a day for avoiding ladders and black cats. For the hyper-political, it will be a day to keep an eye on Donald Trump’s first visit to the UK as US President. But arguably more excitingly, Friday marks six months since the go-live date of the [...]