London Bridge attack: Tourism chiefs hold emergency summit over terrorism threat to £130bn industry June 5, 2017 Tourism chiefs gathered for an emergency meeting on Monday amid fears the UK's £130bn industry will be hit by the spate of recent terrorist attacks. City A.M. understands the Tourism Industry Emergency Response (Tier) Group convened to discuss what impact the latest London atrocities will have on the industry. Meetings have previously been called after [...]
London Bridge attack: Tourism chiefs hold emergency summit over terrorism threat to £130bn industry June 5, 2017 Tourism chiefs gathered for an emergency meeting on Monday amid fears the UK's £130bn industry will be hit by the spate of recent terrorist attacks. City A.M. understands the Tourism Industry Emergency Response (Tier) Group convened to discuss what impact the latest London atrocities will have on the industry. Meetings have previously been called [...]
Alibaba’s Jack Ma invited to join Aston Martin investor in The Body Shop race just days before the final bid deadline June 4, 2017 As L'Oréal readies to accept the final bids for its ailing cosmetics chain The Body Shop, one bidder has made a late attempt to sweeten its offer by calling on Jack Ma, founder of online marketplace Alibaba. Investindustrial, the Italy-based private equity firm which counts household names such as Aston Martin and Ducati under its [...]
Blockchain: Getting down to basics June 2, 2017 | City Talk There has been much talk about blockchain disrupting the financial services industry. Earlier this month, IBM’s vice president of blockchain declared that ‘2016 was the year of blockchain experimentation,’ and ‘2017 is the year of adoption.’ (The fact that IBM has an executive with ‘blockchain’ in his job title is a data point by itself.) [...]
Lloyds Bank completes £1.9bn MBNA credit card deal to “strengthen” position in the UK June 1, 2017 Lloyds Bank today completed its £1.9bn takeover of credit card firm MBNA from Bank of America. The deal to buy MBNA is the first transaction by Lloyds since the financial crisis. The last major transaction by Lloyds was its ill-fated purchase of HBOS in 2008. The UK government sold its final shareholding in Lloyds last [...]
What’s your grey rhino plan? June 1, 2017 | City Talk In the wake of the 2008 global financial crisis, it was fashionable to discuss black swan events: those rare and catastrophic occurrences that few people predict in advance. Although black swans have major consequences, predicting and preparing for them can be highly impractical. At the 70th CFA Institute Annual Conference, author Michele Wucker recommended financial [...]
Jeremy Corbyn can’t rewrite his reprehensible IRA history May 31, 2017 This election campaign should have been a non-stop humiliation for the Labour party. Instead, we have witnessed an uncertain Theresa May make a mess of her campaign, whileJeremy Corbyn has proven to be a cannier politician than expected. There is so much mud to throw at him that he should have drowned in it long [...]
Can you spot a liar? May 31, 2017 | City Talk “Everybody knows we are in a post-truth world,” deception detection expert Pamela Meyer told delegates at the 70th CFA Institute Annual Conference in Philadelphia. “People will tell you anything.” That’s why we need to be mindful of the verbal and nonverbal clues that indicate deception, Meyer explained. She is a certified fraud examiner, the author [...]
The UK’s buy-to-let hotspots: Liverpool and Nottingham named best areas for buy-to-let investments while Southwark and Newham among top 20 May 31, 2017 London areas including Southwark, Newham and Tower Hamlets are among the top 20 buy-to-let hotspots in the UK, according to a study by mortgage brokers Private Finance. However, the capital lagged behind Liverpool, Nottingham and Coventry which were named the three best cities for buy-to-let investments. Liverpool offers rental yields of eight per cent once [...]
Legal & General Investment Management to locate operations in Ireland May 30, 2017 | City Talk On 26th May 2017, Legal & General Investment Management (LGIM) chose Ireland, subject to regulatory approval, for part of their investment management operations. The decision is part of LGIM’s strategy to ensure it can continue to serve its customers, both in Ireland and across the EU, after the UK leaves the European Union. Established in [...]