Tech predictions for 2018: Drones, crypto, and the rise of the robots January 15, 2018 The pace of technological change can seem exciting and daunting in equal measure. 2017, while seeing continued financial growth in the tech sector, brought even more sharply into focus the challenges inherent with the inexorable march of progress. From Amazon to Uber, tech giants saw their practices and business models scrutinised more deeply than ever [...]
Heathrow hails expansion progress as critics warn of ‘insurmountable flaws’ January 15, 2018 A key milestone looms for Heathrow this week, as the airport launches a consultation with fleshed-out revamped proposals for expansion to appease critics. London’s biggest airport will on Wednesday start a public planning consultation on the project, to gather public feedback on its proposals which it said will help refine its plans further. It will [...]
London businesses are (still) in the dark over the apprenticeship levy, according to LCCI January 15, 2018 Many businesses are still struggling to claw back benefits from the government’s apprenticeship levy, as new research released today shows London firms remain in the dark about how the scheme works. Research from the London Chamber of Commerce and Industry (LCCI) has found that more than a third of businesses are not aware of the [...]
Dyson launches London High Court case against US vacuum rival Shark | City A.M. January 14, 2018 UK vacuum cleaner manufacturer Dyson has launched a High Court case against US rival Shark over which company produces the vacuum cleaner with the greatest suction. The UK manufacturer, which has a global revenue of £2.5bn, has taken aim at its US rival over what it says are misleading advertising claims. Read more: Dyson has [...]
Melrose meets with GKN shareholders to pursue £7bn bid, as interest from buyout house Carlyle could prompt a bidding wa January 14, 2018 Melrose, a London-listed company which acquires and turns around manufacturing companies, is set to meet with shareholders of engineering giant GKN tomorrow to pursue a £7bn bid. But the process could soon turn into a bidding war, as sources have told City A.M. that US buyout house Carlyle has also been sniffing around GKN. Melrose [...]
Red alert on Brexit risks to financial services given by City of London Corporation January 14, 2018 Top lobbyists at the City of London Corporation have upped their rating of the risks posed by Brexit, according to their latest audit of the risks facing the Square Mile. The Corporation’s report for a meeting this week of the risk and audit committee shows an updated “red” rating in its corporate risk register, an [...]
Blow for England as Billy Vunipola set to miss entire Six Nations with fractured arm January 14, 2018 Saracens powerhouse Billy Vunipola is set to miss England’s entire Six Nations campaign after X-rays confirmed he fractured his forearm during Saturday’s European Champions Cup clash with Ospreys. The 25-year-old reeled away clutching his right wrist following a clash with Ospreys forward Rob McCusker in the latter stages of the first half and failed to [...]
SoftBank’s Vision Fund backs online car marketplace Auto1 January 14, 2018 Another day, another SoftBank startup investment. The highly active Japanese firm with $100bn of its Vision Fund to spend is backing Auto1, a Berlin-based online marketplace for buying and selling cars. It is investing €460m in the five-year-old startup, one of the most highly valued in Europe at €2.9bn with the fresh investment and already [...]
Kevin De Bruyne, Eden Hazard and…Jesse Lingard? Why Manchester United man is up there with the best this season January 14, 2018 A good demonstration of how transformative Jesse Lingard’s recent performances for Manchester United have been is provided by rewinding barely two months to when he made his 100th appearance for the club in late November. For a homegrown player who had been capped by England and scored the winning goal in an FA Cup final, [...]
Carillion could crash into administration as early as Monday if the government doesn’t back a rescue plan January 13, 2018 Troubled construction firm Carillion could fall into administration as soon as Monday if the government does not back a rescue plan, according to reports. Government officials are set to hold crunch talks on the firm’s fate on Sunday, Sky News reported, quoting a source that called it a “make-or-break weekend”. “Without that commitment of support [...]