Fintech sector to swell to more than 100,000 employees by 2030 April 30, 2018 The UK fintech sector is set to grow to more than 100,000 employees by 2030 while the number of companies is expected to double to 3,300 by the same year, research reveals. Calling on the UK to champion a flexible immigration system, Innovate Finance and WPI Economics, which conducted the research, said the sector was [...]
Wasteful thinking: We meet the man on a mission to tackle the UK’s plastic addiction April 30, 2018 That image of the dead whale calf, possibly poisoned after digesting plastic waste, is now etched in our memories forever. Aired in November, the BBC documentary Blue Planet has opened people’s minds to the consequences of consumerism – the throw-away culture which is destroying the world as we know it. “The message is a tragic [...]
Store wars: Sainsbury’s and Asda mega-merger heats up race to become Britain’s ultimate supermarket superpower April 30, 2018 The race to become Britain’s ultimate supermarket superpower grew suddenly more interesting over the weekend as Sainsbury’s and Walmart-owned Asda revealed they are in merger talks to become Britain’s largest grocer. The two supermarkets, which have both lost market share, are seeking to join forces in a bid to topple Tesco, the current market leader [...]
Ready to regulate: Why crypto and the City need each other April 30, 2018 The financial services sector is rife with inefficiency. The global financial system moves trillions every day and serves billions of people in the process, yet legacy technology and siloed systems make change immensely slow, if not impossible. The majority of core banking systems are over 30 years old, and almost half of financial intermediaries suffer [...]
Consumer confidence rises to 14-month high to add to puzzle for Bank of England April 30, 2018 Consumer confidence reached its highest since January 2017 for April according to data to be published today, with economists pointing to rising real wages behind the improvement. The headline confidence index from Yougov and the Centre for Economics and Business Research (CEBR) increased by 2.2 points to hit 109.8, above the 100 mark which indicates [...]
Amber Rudd resigns as home secretary in wake of Windrush immigration scandal April 30, 2018 Theresa May late last night accepted Amber Rudd’s sudden resignation from the government after the former home secretary faced repeated calls to step down over her handling of the Windrush immigration scandal. In her letter of resignation, Rudd said she was stepping down because she had “inadvertently misled the Home Affairs Select Committee over targets [...]
Sainsbury’s to announce details of talks for £10bn Asda merger April 30, 2018 Details of a proposed £10bn mega-merger between Sainsbury’s and Asda will be revealed today, after it emerged that the two giants are locked in takeover talks. Sainsbury’s will issue a statement to the market this morning after confirming on Saturday that it was in advanced discussions regarding the tie-up with Wal-Mart owned Asda. City observers [...]
Tesla earnings preview: Can Elon Musk’s Silicon Valley car maker beat the odds? April 29, 2018 American car maker Tesla is set to announce its first-quarter results on Wednesday 2 May, but with a series of setbacks in recent months, investors may be wondering whether the company can live up to expectations. Analysts at S&P Global Market Intelligence expect the company to report a loss of $3.52 (£2.56) per share in [...]
Sunderland axe Chris Coleman and announce sale of club to consortium headed by chairman of non-league Eastleigh April 29, 2018 Sunderland will begin life in English football’s third tier under new ownership after it was confirmed that the Black Cats have been sold to an international consortium headed by the chairman of non-league Eastleigh, Stewart Donald. The first casualty of the takeover, which requires ratification by the Football League, is former Wales manager Chris Coleman, [...]
Celtic seal seventh successive Premiership title by thrashing Rangers, while Ibrox club close in on Steven Gerrard April 29, 2018 Celtic romped to a seventh consecutive Scottish Premiership title and underlined their dominance north of the border after thumping Glasgow rivals Rangers 5-0. Striker Odsonne Edouard’s double and goals from James Forrest, Tom Rogic and Callum McGregor ensured a relentless Celtic were crowned champions with three league games to spare. Victory also ensured Celtic remain [...]