Fidessa offer deadline set for Ion and and SS&C by UK Takeover Panel in £1.4bn bid battle April 10, 2018 Two financial technology firms trying to snatch Fidessa from under the nose of Swiss rival Temenos have until the end of next to give a firm offer, the UK Takeover Panel ruled today. The body, which polices acquisitions, said Ion and SS&C have accepted the ruling that their bids must be in by 5pm on [...]
Brent crude and West Texas Intermediate (WTI) oil prices jump as geopolitical concerns ease April 10, 2018 Crude oil prices are bounding higher this morning, extending yesterday’s steep gains, as geopolitical tensions ease. Global markets were trading in positive territory today after China’s President Xi Jinping vowed to continue opening the Chinese economy in a speech today, which bolstered oil prices. Brent crude oil briefly rose above $70 per barrel, but at [...]
Norway backs Brexit trade arrangements roll-over April 10, 2018 Norway has suggested it would be willing to roll over trade arrangements with the UK in the transition period after Brexit, in what would be a major win for Theresa May’s government. Norway’s finance minister Siv Jensen told the Financial Times that Oslo has “no objections to a transition period” with “flexible solutions”, implying that [...]
Cryptocurrencies are easy to dismiss as a bubble financial technology but are they in fact able to change the global economic landscape? April 10, 2018 | City Talk Cryptocurrencies are unique instruments in the investing world. They share many characteristics of traditional currencies but can also serve as platforms for more sophisticated financial products. Judging by their price history alone, cryptocurrencies are easy to dismiss as a bubble. And, indeed, the crypto space is filled with questionable offerings. However, a discerning look reveals [...]
Zuckerberg prepares for Congress grilling as Cambridge Analytica attacks media “speculation and hearsay” April 10, 2018 Cambridge Analytica has launched a scathing attack against “false accusations” levelled at the company by its critics, as Facebook CEO Mark Zuckerberg prepares to face a grilling by Congress today. Zuckerberg will today testify before a joint hearing of the Senate commerce and judiciary committee over data misuse, before going in front of the energy [...]
Australia must be the UK’s number one target for a post-Brexit trade agreement April 10, 2018 It is 10,545 miles from London to Canberra, but along with the over 670,000 Brits visiting annually, when I arrive into Australia for the Commonwealth Games and parallel Commonwealth Forum, I feel at home. Since the landing of the First Fleet in 1788, our intertwined fortunes have fostered a shared outlook on many global issues, [...]
Businesses dealing with more cyber attacks than ever before April 10, 2018 UK businesses are having to deal with more cyber attacks than ever before, the National Cyber Security Centre (NCSC) has warned. In its report, Cyber Threat to UK Business Industry 2017-2018, published today, the NCSC said that the scale and number of data breaches increased rapidly in 2017. The centre also named a number of [...]
European stocks jump after Chinese President Xi Jinping soothes fears of US-China trade war April 10, 2018 European markets opened strongly this morning after Chinese President Xi Jinping promised a “new phase of opening up” for China in his keynote address early this morning to the Boao Forum for Asia. The Chinese leader’s speech also allayed fears of a looming US-China trade confrontation. The FTSE opened 44 points up at the start [...]
Bank of England “shouldn’t dally” over next rate hike, says monetary policy committee member Ian McCafferty April 10, 2018 A member of the Bank of England’s monetary policy committee has said it should not delay on raising interest rates again Ian McCafferty, one of two members to vote for a rate rise last month, told Reuters: “We shouldn’t dally when it comes to tightening policy modesty.” McCafferty said he did not think there was [...]
Aldi’s £10 gin has been named one of the best in the world April 10, 2018 A £10 gin on sale at discount supermarket Aldi has been named one of the best in the world. The Oliver Cromwell London Dry Gin retails for just £9.99, but has been named a top tipple at the International Spirits Challenge (ISC). It adds another accolade to the gin’s cabinet, as the same spirit has [...]