John McDonnell probably brings devilled eggs to dinner parties February 15, 2018 I wonder if John McDonnell arrives at dinner parties with devilled eggs? Or perhaps he’s partial to a prawn cocktail? Maybe a bottle of Blue Nun? I wonder only because of his plan to nationalise “core industries”. British cuisine and the British economy have, thankfully, evolved and adapted in the last thirty years. But given [...]
Majority of big banks failing Mark Carney’s climate change requirements February 15, 2018 The world’s biggest banks are failing to take climate change seriously in their business plans, as demanded by regulators, according to research to be published today by a large investor group. Less than half of the 59 international banks surveyed by Boston Common Asset Management have carried out a scenario analysis for if global temperatures [...]
Chris Tremlett: England should not rush Ben Stokes back into the team February 14, 2018 He doesn’t always have the best brain off the field but on it, more often than not, it’s a different story and having Ben Stokes back in the England squad will be a major boost for all concerned. Ever since his arrest on suspicion of causing actual bodily harm in September, Stokes’s situation has been [...]
Plus500 may have to ditch Atletico Madrid if European regulators rule football offside February 14, 2018 Britain’s second-biggest online financial trading platform is ready to sever ties with one of Europe’s biggest football clubs if a regulatory crackdown requires it to do so. Plus500, the lead sponsor of Atletico Madrid, said it will comply with any measures the European Securities and Markets Authority (ESMA) puts in place. “It may that ESMA [...]
Carillion collapse: Scores of Newcastle jobs saved by Clifford Chance | City A.M. February 14, 2018 Magic circle law firm Clifford Chance today snapped up a law firm run by failed contractor Carillion. Some 60 jobs have been saved at the Newcastle base of Carillion Advice Services (CAS) – a paralegal and commodity managed legal services firm. Originally developed as part of Carillion’s in-house legal team, the firm started supporting third [...]
Closing the entrepreneurial gender gap requires us all to take action February 14, 2018 British men are nearly twice as likely as women to be entrepreneurs. This isn’t just bad for entrepreneurship, but society at large suffers when the ideas of half the population aren’t adequately represented. Closing the gender entrepreneurship gap would ensure we no longer miss out on countless innovations, increase productivity, and raise wages. A report [...]
Digital challenger bank Monzo is expanding to Ireland after Bank of England approval kicks off Europe plans February 14, 2018 Monzo is kickstarting its international expansion plans with a move into Ireland after gaining the green-light from the City watchdog. The digital challenger bank will start working on launching its product in the country after gaining passporting permission from the Bank of England’s Prudential Regulation Authority (PRA) . Ireland will be the start of Monzo’s [...]
Revealed: Virgin billionaire Richard Branson on”Concorde 2″ supersonic travel, rival Elon Musk’s SpaceX and Hyperloop plans February 14, 2018 Could we see a new Concorde take to the skies? Billionaire entrepreneur Sir Richard Branson thinks so. The man behind the Virgin empire has said that a new era of supersonic travel is about to take off. “The next big thing, hopefully in my lifetime, will be supersonic travel coming back and people travelling around [...]
Stock markets slide and bond yields jump as US inflation surprises on the upside February 14, 2018 US inflation rose faster than expected in January, sending bond yields higher amid fears over central bank tightening which triggered last week’s stocks sell-off. The consumer price index of inflation rose by 2.1 per cent in the year to January, according to the US Bureau of Labor Statistics, faster than the 1.9 per cent expected [...]
Shawbrook Bank’s backer, Pollen Street Capital, has just raised another £400m fund to invest in financial services businesses February 14, 2018 Pollen Street Capital, the private equity firm which won shareholder approval to take over challenger bank Shawbrook last year, has raised a new £400m fund to invest in financial services businesses. The firm’s third fund, which was initially targeting £350m, has already spend 53 per cent of the total on deals including Shawbrook, direct lending [...]