Emmanuel Macron tells Theresa May there will be no special Brexit deal for the City January 18, 2018 French President Emmanuel Macron tonight reiterated his tough stance on financial services access to the EU market after Brexit, saying there would be no special deal for the City. Macron said there can be “no differentiated access to financial services” for nations outside the EU, and that the UK would have to choose between the [...]
Liberal Democrat leader Vince Cable uses parliamentary privilege to name Santander UK boss Nathan Bostock as “responsible” for RBS GRG’s strategy January 18, 2018 Former business secretary Vince Cable has used parliamentary privilege to allege that the current chief executive of Santander UK, Nathan Bostock, was “responsible” for the behaviour of the global restructuring group at Royal Bank of Scotland (RBS). The Liberal Democrat leader also said senior management at RBS knew or should have known about alleged unethical [...]
China’s economy surprises with growth of 6.9 per cent in year Xi cemented power January 18, 2018 China grew faster than expected during 2017, surprising analysts who had expected the gradual slowing of the world’s second-largest economy to continue. GDP grew by 6.9 per cent over the course of the last year, the first increase in the country’s growth rate since 2010, according to government data published today. The economy grew by [...]
Banks launch £225m Carillion emergency fund after government task force “challenge” | City A.M. January 18, 2018 Three of Carillion’s former lenders today made £225m of assistance available to small businesses hit by the collapse of the insolvent contractor. HSBC opened a £100m fund, Royal Bank of Scotland made £75m available and Lloyds launched £50m of help, it was announced this evening. After Carillion’s collapse on Monday morning, the government stepped in [...]
New homes: Property going on sale this weekend in Hackney, Croydon, Hampstead, Stratford and Elmswater January 18, 2018 New developments on the market this week Hampstead Reach, Hampstead From £999,000 Admirers of Hampstead’s Arts and Crafts-style mansion blocks may be interested in these 39 new one and two bedroom apartments in a private courtyard. Set across three and four storey buildings, there are two show homes appealing to young families and downsizers that [...]
Nintendo share price gets billion dollar boost from Labo toy launch January 18, 2018 Quirky low-key toys made out of hardboard and elastic bands have given Nintendo a boost worth more than $1bn. The Japanese gaming company has unveiled Labo, a series of cardboard templates that can be turned into a typewriter, a sword, or maybe a piano, with origami-like construction, that fits with its Switch gaming console. Read [...]
Davos 2018: The number of private jets descending on these four Swiss airports is about to spike by 335 per cent January 18, 2018 As the Swiss ski resort of Davos gears up to receive the leaders of the free world (and Donald Trump) for the World Economic Forum (WEF), one group is gearing up for its most stressful week of the year: air traffic controllers. More than 1,000 private jets are due to descend on airports around the [...]
Opec is predicting the US shale boom will ramp up in 2018 January 18, 2018 The Organisation of the Petroleum Exporting Countries (Opec) has increased its forecast for oil supply from countries outside the cartel in 2018, stoking fears the US will take advantage of higher prices to ramp up shale production and send prices back down from 2014 highs. Opec said non-member countries would increase supply by 1.15m barrels [...]
Software firm Emis Group sees shares take a tumble as it admits its NHS Digital service was poor January 18, 2018 Software business Emis Group has seen its shares plummet today, as it announced it had failed “to meet certain service levels and reporting obligations with NHS Digital”, the online GP product. Emis’s shares, which are listed on London’s junior market, had dropped by more than 17 per cent by lunchtime trading after the business reported [...]
Revealed: The 20 cities Amazon has shortlisted for its new HQ2 January 18, 2018 In Amazon’s X-Factor-style competition for choosing a city for its new headquarters, HQ2, the tech giant has narrowed it down to a 20-strong shortlist from more than 200 entries. Here they are: – Atlanta, GA – Austin, TX – Boston, MA – Chicago, IL – Columbus, OH – Dallas, TX – Denver, CO – Indianapolis, [...]