PwC, Tesco, JP Morgan, British Science Association, NatWest, women in tech March 8, 2018 PwC is launching a new initiative today called Tech She Can, to get more women into technology-related jobs. The company is collaborating with 17 other corporations — ranging from Tesco to JP Morgan — to tear down barriers for women entering technology by creating what they dubbed a “tech talent pipeline”. Sheridan Ash, the PwC [...]
McDonnell slams chancellor for “showing his hand” over City priorities March 8, 2018 Shadow chancellor John McDonnell has slammed his government counterpart for “showing his hand” over priorities for the City in Brexit negotiations. The Labour front bencher attacked Philip Hammond for the speech he gave in Canary Wharf yesterday, saying it showed that his priority was to protect financial services, rather than getting a good deal for [...]
Social Entertainment Ventures poaches D&D executive to head up growth of Bounce, Puttshack and Flight Club USA March 8, 2018 The company behind leisure bar concepts Bounce and Puttshack has appointed a new chief executive, as the group takes its first steps towards an eventual IPO. Social Entertainment Ventures (SEV), which also runs the US franchise of darts bar Flight Club, has ambitions to go public in five years, City A.M. revealed last month. The [...]
Jamie Dimon hits out at Donald Trump’s proposed steel tariff and trade war threat March 8, 2018 The boss of JP Morgan Chase has blasted President Donald Trump’s plan to impose a steep tariff on steel and aluminium imports. “We don’t believe in these tariffs,” said Jamie Dimon, adding that the move would open up a “Pandora’s Box” of problems. “There are serious issues around trade. WTO [World Trade Organisation] needs to [...]
Bitcoin price (BTC) hovers around $10,000 as regulators crack down March 8, 2018 Bitcoin is sitting just above the $10,000 mark after yesterday dropping by more than $1,000 in an hour as regulators continued to scrutinise digital assets. Yesterday, the US Securities and Exchange Commission (SEC) said it would require digital asset exchanges to register with the agency, sending bitcoin’s price plunging below the key $10,000 level. “If [...]
Lloyds Banking Group kicks off £1bn share buyback programme March 8, 2018 Lloyds Banking Group this morning launched its £1bn share buyback programme, unveiled at its full-year results last month. The bank said it had entered into an agreement with UBS to carry out the share buyback programme on its behalf – and to make trading decisions under the programme independently. The programme starts today and will [...]
Mexico and Canada could be temporarily exempt from Trump metal tariffs March 8, 2018 Some countries could have special deals allowing them to avoid Donald Trump’s proposed metal tariffs, officials have said. A White House spokesperson has said that Canada, Mexico and others could see “carve-outs” initially. But Trump adviser Peter Navarro warned that the continuation of the exemption would depend on renegotiating the North American Free Trade Agreement [...]
International Women’s Day 2018: Why this year’s event is more important than ever March 8, 2018 International Women’s Day never passes without fevered debate around whether it is really necessary, but this year there are more arguments than usual in favour of dedicating a day to women. The past six months have been marked by scandals surrounding the treatment of women in the workplace, after Harvey Weinstein was ousted from his [...]
UK life sciences to get a shot in the arm from a new £50m venture capital fund | City A.M. March 8, 2018 A brand new £50m venture capital fund launches today with a plan to invest in the UK’s flourishing life sciences sector. NCL Technology Ventures’ fund, which is backed by Kent County Council, will invest in high-growth small and medium-sized enterprises (SMEs) with a focus on game-changing medical technologies and advanced therapeutics. “Britain is an innovation [...]
Matches Fashion founder Ruth Chapman and Severn Trent CEO Liv Garfield named as nominees of Veuve Clicquot Business Woman Award March 8, 2018 The founder of Matches Fashion and the boss of Severn Trent have been named as the two nominees for the Veuve Clicquot Business Woman Award. Finalists Ruth Chapman and Liv Garfield were announced today to coincide with International Women’s Day. Christine Hodgson, member of the judging panel and chairman of Capgemini said: “Both women are [...]