Japanese banks threaten to leave UK unless given clarity on Brexit December 17, 2016 Japanese banks have told the UK government they will start moving out of London in the next six months unless they receive more information on the UK's Brexit plans. Investment banks Nomura and Daiwa Capital Markets met UK City minister Simon Kirby and the international trade minister for financial services, Mark Garnier, in a meeting [...]
Russia attempts to undermine UK with cyber attacks and fake news December 17, 2016 Russia has embarked on a propaganda campaign against Britain, according to reports. Moscow is seeking to undermine the UK's power by using cyber attacks and fake news, and Prime Minister Theresa May is set to hold a National Security Council meeting to assess the Russian aggression and how to respond, according to The Times. Read more: [...]
This is the best place to live in the UK December 17, 2016 Winchester has been crowned the best place to live in the UK. The local authority has won Halifax's Quality of Life survey because it has a high life expectancy, high employment rate and high scores in surveys on personal well-being. The Orkney islands came second, followed by Wychavon in Worcestershire. Read more: London house prices [...]
Christmas with JPMorgan: the bank picks books, sites and music for the holiday season December 16, 2016 There's still time to get a last minute gift for the banker in your life! JPMorgan's annual holiday reading list has been given an upgrade for 2016, and to mark the 10-year anniversary of the reading list, the US bank added on a few cultural and musical recommendations. The bank is actually calling the list #nextlist2017, and [...]
Virgin Atlantic pilots vote to take industrial action on 23 December December 16, 2016 Virgin Atlantic pilots have voted in favour of industrial action short of a strike on 23 December. The pilots have voted to take action in an ongoing row over union recognition, the BBC reported. The Professional Pilots' Union (PPU), which represents most Virgin Atlantic pilots, said 88.6 per cent of its members had voted in favour [...]
Newly appointed night czar Amy Lamé hits the Piccadilly line Night Tube for the first of her night surgeries December 16, 2016 The mayor's first night czar starts a pet project of her own tonight. Amy Lamé, who was announced by the mayor last month as night czar, is launching the very first of her night surgeries – where she'll meet the capital's nightlife lovers and night-time workers to find out just what they want to see from [...]
UK private equity activity dropped to financial crisis levels this year December 16, 2016 UK private equity activity fell to its lowest level since 2009 this year, a new study out today shows. Across Europe, deal activity is down 38 per cent from €89.7bn (£75bn) in 2015 to €55.7bn. Read more: Vroom vroom: Private equity house announces second acquisition in two days And the decline is even more extreme [...]
Growth in revenues is good but it’s even better if you look more carefully, says KPMG boss December 16, 2016 KPMG said its annual results proved it had moved beyond simply being a Big Four beancounter as it joined competitors in smashing through the £2bn revenue barrier. The UK arm, based in Canary Wharf, is the last to announce its annual return, reporting performance for the 12 months to the end of September. EY's UK business reported revenues [...]
Eversheds seals the deal with US law firm Sutherland as partners vote “overwhelmingly” in favour of combination December 16, 2016 City lawyers at Eversheds moved closer to a tie-up with US firm Sutherland today, as partners from both firms voted "overwhelmingly" in favour of a combination. The firms announced that they were in merger talks at the end of November, and the consultation and voting process concluded today, with approval from both partnerships. The combined [...]
Entrepreneurs remain positive about UK as a home for startups December 16, 2016 The majority of startups remain positive about the UK as a location to set up a business, new research shows. Some 85 per cent of nearly 200 entrepreneurs quizzed by the Institute of Directors (IoD) said they would still pick Britain over anywhere else in Europe as a startup location. A majority (57 per cent) [...]