Will.i.am says yes we can to Atom Bank, as rapper strikes consulting deal which could land him a multimillion pound stake in the challenger February 20, 2017 Will.i.am is expanding his CV in a perhaps unexpected direction, striking a consulting deal with Atom Bank which could see him take a multimillion pound stake in the fintech firm. The rapper and producer will act as a consultant and board adviser to the company as it seeks to make itself stand out in an increasingly crowded [...]
Three tips to help women start investing February 20, 2017 | City Talk Some women never start investing. My research uncovered three main reasons why many women “sit on the fence” when it comes to investing: Some women aren’t interested in investing and don’t understand why it is important. Some are perfectionists and feel they do not know enough to begin. They think the world of investing is [...]
Greece repays €2bn loan ahead of crunch bailout talks February 20, 2017 Greece has repaid a €2bn loan from its European creditors ahead of a crunch meeting over the terms of its bailout. The repayment is part of the €86bn bailout programme from the “troika” of creditors, the European Central Bank, the European Commission, and the International Monetary Fund (IMF). Bailout administrator European Stability Mechanism (ESM) announced [...]
Unite boss to meet PSA on Friday for clarity over growing job concerns at Vauxhall plants February 20, 2017 Unite boss Len McCluskey plans to meet PSA chief executive Carlos Tavares on Friday to discuss concerns over UK jobs at Vauxhall plants in the prospective deal between Peugeot-maker PSA and General Motors. The union confirmed the plans are for the two to meet at the end of the week, but said as yet there [...]
It’s official: Bruce Carnegie-Brown has been confirmed as Lloyd’s of London’s new chairman February 20, 2017 The chairman of Moneysupermarket.com has been confirmed as the new chairman of Lloyd's of London, after days of speculation over the appointment. In a statement today Lloyd's said Carnegie-Brown, who is also vice-chairman of Banco Santander, will take up his new role in June, subject to approval from the Prudential Regulation Authority and the Financial [...]
Spain’s trade deficit fell by 22.5 per cent in 2016 February 20, 2017 Exports from Europe’s fifth largest economy rose to their highest level on record, while the trade deficit fell to its second lowest level since 1997, according to Spain’s economy ministry. It left the economy with a trade deficit of €18.8 billion euros (£16bn) for 2016, while the value of exports reached €254.5bn, an increase of [...]
Dubai’s International Finance Centre grew by 14 per cent last year February 20, 2017 Bosses at the state-owned financial free zone, known as the DIFC, say there has been a 10 per cent increase in financial firms registered in the DIFC, and a 17 per cent rise in non-financial companies. Profits at Dubai’s financial district grew by seven per cent in 2016, totaling Dh421m (£92m). Dubai is among a [...]
After delaying an auction due to the demonetisation policy in India, Gemfields sees full year earnings slipping February 20, 2017 Gemfields today said its decision to delay an emerald auction because of India's demonetisation programme will drag down full-year revenue and core earnings. Shares in the precious stone miner, which is listed on the Alternative Investment Market (Aim), fell as much as 7.9 per cent to 46.5p this morning. The Indian demonetisation programme, which has hurt smaller [...]
UK drivers spend an average of 32 hours in traffic – costing Londoners £1,911 each last year February 20, 2017 The UK been has ranked the 3rd most congested in Europe – drivers spend an average of 32 hours a year in traffic jams during peak times, according to a report by traffic information company Inrix. Over 1,000 cities worldwide were included in the study, and London was named the seventh worst for congestion and [...]
Politicians must tread carefully on M&A intervention February 20, 2017 It is common in business and politics today to talk about "signals". Brexit is either a signal of our desire to cut ourselves off from the world, or a sign that we’re set to become a kind of expansionist high-seas merchant. From immigration to Donald Trump, foreign policy to international aid, perceptions are increasingly being [...]