London tech organisations unite with JP Morgan Chase to double founder diversity by 2020 June 19, 2018 An initiative to boost access to investment for tech startups founded by women and people from minority ethnicity backgrounds has launched today, backed by JP Morgan Chase. Spearheaded by Capital Enterprise, a consortium including Tech Nation, Diversity VC and Your Startup, Your Story, are aiming to double the diversity of founders in London tech startups [...]
World Cup 2018: Harry Kane saves England in opening win over Tunisia but Three Lions almost pay for missed chances June 18, 2018 It was torturous. It was exasperating. As the minutes ticked by it was increasingly desperate, as has become customary at major tournaments. But, for the first time since 2006, England made a winning start to a World Cup as Harry Kane’s goals – the decider coming in stoppage time – eventually saw off Tunisia 2-1 [...]
Big Four firm KPMG has been slammed by Britain’s accountancy watchdog June 18, 2018 Big four accountancy firm KPMG was slammed this afternoon for the “unacceptable deterioration” in the quality of its audit work. The industry’s watchdog, the Financial Reporting Council (FRC), said the firm, which audited Carillion before its collapse in January, will now face increased scrutiny. Half of KPMG’s FTSE 350 audits are “in need of more [...]
Fujifilm has sued Xerox for more than $1bn over aborted merger June 18, 2018 Fujifilm has sued Xerox for over $1bn (£750m) for alleged breach of contract after the US printer and photocopier abandoned a proposed $6.1bn merger. Xerox called off the deal following pressure from billionaire activist investor Carl Icahn and Darwin Deason, two of the firm’s biggest shareholders. Fujifilm accused Xerox of engaging in “intentional and egregious [...]
Under fire Petropavlovsk board receive support from advisory groups June 18, 2018 The embattled board of gold miner Petropavlovsk has received support from two influential advisory groups in the face of shareholder attempts to oust it. The board has been backed by advisory groups ISS and Glass Lewis which recommend that shareholders vote for the existing board and oppose the attempts to remove it. Last month, shareholders [...]
London mayoral race: Conservatives open candidacy to all – except die-hard Remainers | City A.M. June 18, 2018 The Conservatives are calling on people from outside politics as well as within to apply as the party’s future mayoral candidate to take on Sadiq Khan in 2020 – but die-hard Remainers need not apply. The Tories this morning began the process of selecting its candidate, calling for applicants from “all backgrounds and all parts [...]
May confirms NHS boost will come from tax rises June 18, 2018 Taxpayers will have to stump up more cash in order to meet the government’s planned £20bn extra cash for the NHS, Theresa May admitted today. In a major speech given in a north London hospital, the Prime Minister said it was important to “do more than simply give the NHS a one-off injection of cash”, [...]
Donald Trump weighs in on German immigration debate as Angela Merkel accepts deadline June 18, 2018 US President Donald Trump has weighed in on the immigration debate in Germany, saying that “the people of Germany are turning against their leadership as migration is rocking the already tenuous Berlin coalition.” Trump’s comments came after German Chancellor Angela Merkel agreed to find a solution to the migrant issue by the end of the [...]
City writes to chancellor asking for shake up of tax system June 18, 2018 Some of the City’s leading associations will call on the government to review the tax burden imposed on entrepreneurs and the broader finance industry. A letter is being readied by groups including the City of London Corporation, UK Finance, TheCityUK, the Investment Association and the Association of British Insurers, which will be handed to chancellor [...]
World Cup 2018: What we learned from the first weekend – big guns Germany, Brazil and Argentina fire blanks and VAR increasing the penalty count June 18, 2018 Brazil’s 1-1 with Switzerland last night continued an underwhelming start from the teams fancied to win this World Cup. Tite’s men were merely following a pattern laid out by Argentina (held by Iceland), Spain (held by Portugal), Germany (beaten by Mexico) and France (unconvincing winners over Australia). Russia’s five-goal thumping of Saudi Arabia aside, it [...]