MPs are questioning whether more support should be provided to working fathers January 16, 2017 A parliamentary watchdog is to launch an enquiry into support available for working fathers. The Women and Equalities select committee is calling for evidence over concerns workplaces are not providing support to dads. It comes after the committee found that take-up for shared parental leave, introduced in 2015, is predicted to reach a maximum of [...]
Global IPO values set to grow by more than a quarter this year January 16, 2017 Global float activity is expected to rise by just over 25 per cent in 2017, before surging onwards in the following years. This year will see floats reach $167bn (£138bn), according to experts at law firm Baker McKenzie, up from $133bn in 2016. Further floats are expected to see activity dramatically uptick, reaching $275bn in [...]
Tit for tat approach to foreign investment expected in 2017, as governments prepare to get hands on with markets gone wrong January 16, 2017 This year could mark a move towards more protectionist attitudes, with governments closing the door on countries they feel give their own firms a raw deal, a report out today cautions. Law firm Freshfields Bruckhaus Deringer's Global Antitrust report highlights a shift towards protectionism, as new trade deals begin to take shape following both Donald Trump's surprise [...]
Burundi rare earth miner Rainbow Rare Earths dusts itself off for London flotation January 15, 2017 A Burundi-based miner with one of the world’s highest grade rare earth deposits is dusting itself off for a London Stock Exchange listing. Rainbow Rare Earths plans to float on the main market in the coming weeks, under the ticker "RBW", and wants to raise $7m (£5.7m) to bring its "low-risk, low-cost" Gakara project into production [...]
US President-elect Donald Trump wants to seal a new trade deal with the UK “very quickly” and has said Brexit will be a “great thing” January 15, 2017 US President-elect Donald Trump has said he will move “very quickly” to secure a new trade deal with the UK when he comes to office. “I’m a big fan of the UK, we’re gonna work very hard to get it done quickly and done properly. Good for both sides,” Trump told MP Michael Gove in an [...]
Article 127 court hearing now due in February, as the government awaits answer to Article 50 legal battle January 15, 2017 A court hearing that could cause a headache for Prime Minister Theresa May, as she plans to trigger Article 50, has been postponed until early February. A case brought last year argues the government cannot leave the Single Market without triggering Article 127 of the European Economic Area agreement – and says it must seek approval [...]
US banking giants, including Goldman Sachs, forecast to announce revenue slide next week January 15, 2017 US earnings season might be about to prove that not all that glitters is Goldman, as the investment banking titan is predicted to announce a double digit slide in full-year revenues on Wednesday. Analysts have also forecast a slump in revenues for Morgan Stanley, which reports on Tuesday, and Citigroup, which reports on Wednesday. According to [...]
Growth in London’s business activity at 11-month high January 15, 2017 December saw the fastest period of growth in London’s business activity since January last year, according to a report by Lloyds Bank. London’s showing on the Lloyds Bank purchasing managers’ index (PMI) was up 56.1 points in December, from 55.3 in November. Despite the strong figures, London was behind most other UK regions for business [...]
Guy Hands’s private equity firm resumes dividend January 15, 2017 Terra Firma Capital Partners saw pre-tax profits in the year to March 2016 fall to £2.4 million while revenue dropped to its lowest since 2012. The private equity firm, which had previously ended its dividend payouts, provided £3.5 million in dividends to Guy Hands, who acts as the fund’s chairman. The fund includes one of [...]
Chinese investors snap up stake in disruptive aerospace firm dubbed “the Disneyland of engineering” January 15, 2017 Chinese investors have scooped up a significant minority stake in British aerospace firm Gilo Industries Group. The science arm of conglomerate Kuang-Chi, which is headquartered in the city of Shenzhen, has bought a stake in Dorset-based Gilo, Sky News reported. The deal is expected to be announced in Asia tomorrow. The size and value of the [...]