Sterling rises above $1.38 for the first time since the Brexit vote January 15, 2018 Sterling has climbed above $1.38 for the first time since the Brexit vote this morning. The pound has been boosted by reports saying Spain and the Netherlands are seeking out a soft Brexit, combined with a relatively benign political climate in Westminster. Read more: HS2 “not at risk” after Carillion collapses, government says Meanwhile, consumer [...]
Gina Miller is planning to sue the FCA over its lenient approach to new Mifid II regulation January 15, 2018 Brexit campaigner Gina Miller has once again stolen the limelight, with a plan to sue the City watchdog over its lenient approach to new regulation. Miller, who came to public fame after winning a high-profile case which ruled that parliament had to legislate before the government could begin to withdraw the UK from the EU, [...]
This fintech firm, robo-adviser Netwealth, is aiming to steal the dinner off wealth managers’ plates by targeting the super-rich January 15, 2018 For well-off individuals looking to outsource the day-to-day investment of their pounds, wealth managers have long looked like the best option. Yet for an industry driven by huge amounts of money and used by professionals ranging from entrepreneurs to technology titans, there has been surprisingly little innovation. For high-net-worth investors, using a wealth manager is [...]
Ukip leader Henry Bolton dumps girlfriend over racist Meghan Markle comments January 15, 2018 Ukip leader Henry Bolton has ended his relationship with glamour model Jo Marney after it emerged she had made racist comments about actress and princess-in-waiting Meghan Markle. Bolton had been facing calls to resign in the wake of the scandal, with the Mail on Sunday revealing Marney had repeatedly used the word “negro” and said [...]
William Hill is reviewing its Australian business in light of gambling regulation changes January 15, 2018 Bookie William Hill had begun a strategic review into its business in Australia, as the business comes under more pressure from new regulation. The group said this morning that its Australian arm had been affected by reduced credit betting volumes following a ban on bookmakers offering lines of credits. Regulation is only set to increase, [...]
Carillion collapse: Thousands of jobs at risk as Carillion files for liquidation after unsuccessful talks with government January 15, 2018 Troubled construction firm Carillion has been forced to enter liquidation after unsuccessful rescue talks with the government and lenders over the weekend. The company filed for a compulsory liquidation this morning, and it said the government will provide the funding required by the official receiver, or the liquidator, to maintain existing public services contracts. PwC [...]
Premier Foods plays down Batchelors’ sale speculation January 15, 2018 Shares in Premier Foods are up two per cent this morning after the company played down speculation that it has had initial discussions with one of its shareholders about selling its Batchelors’ brand. The company confirmed in a statement this morning that it periodically had discussions with third parties including Japanese noodle company Nissin, which [...]
Blue Monday: Who’s picking up the mental health tab? January 15, 2018 Following a season of parties, over consumption, end of year targets, and the prospect of keeping New Year’s resolutions, it’s no wonder the aftermath of the festive period can be a time of acute mental health issues. It’s also a time of particular difficulty for those with year-round conditions. The UK faces a significant challenge [...]
Carillion’s car crash reminds us that the spectre of bailouts still haunts Whitehall January 15, 2018 As the farce surrounding Carillion escalates, it is worth remembering the many people who will suffer as a result of the construction and outsourcing firm’s decline. A collapse of Britain’s second-biggest contractor would have dire consequences for its 43,000 global workforce, around 20,000 of whom are employed in the UK. Then there are pensioners. A [...]
Inflation hit costs British households £24bn in 2017 January 15, 2018 The rising tide of inflation has cost British households an extra £24bn in 2017, with commuters suffering the most, new analysis to be published today will reveal. The increase in inflation seen from 2016 to 2017 cost Britons more than £900 per household, according to Simon-Kucher and Partners, a consultancy. The rise in transport prices [...]