Chris Tremlett: Trevor Bayliss has done a good job and I won’t hear any criticism of him January 10, 2018 I feel sorry for Trevor Bayliss. The system he has put in place as England head coach is the right one but ultimately certain players have let him down. He has taken a lot of flak during the Ashes, both for results and his coaching style, although England’s 4-0 defeat is not down to management. [...]
From rollable TVs to mind-reading hats, here are some of the best (and weirdest) new gadgets from CES 2018 January 10, 2018 Televisions If there’s one constant in this world, it’s that everybody wants a bigger television. All human endeavour, the cumulative effort of generations, is geared towards inventing ever larger screens capable of displaying more pixels at higher resolutions and in new, never before seen colours, so that Fiona Bruce looks as good as can be. [...]
Trust the process: Philadelphia 76ers executives explain the mantra that defined an NBA revolution January 10, 2018 If the Philadelphia 76ers, one half of Thursday night’s NBA match at the O2 Arena, had come to London in another of their more recent seasons, the most effective marketing may have been to position the game as a basketball freak-show. Far from a showcase for globetrotting greats of the sport, a 76ers’ game would [...]
Philip Hammond to EU: Ditch the Brexit punishment and start talking trade January 10, 2018 Philip Hammond will tonight slam the “relative silence” of the EU over our future trading partnership and stress the bloc must ditch any thoughts of “punishing” the UK for Brexit. Speaking at the Die Welt economic summit dinner in Berlin this evening, the chancellor will tell the EU that “it takes two to tango” and [...]
Downing Street calls City chiefs in for latest Brexit meeting January 10, 2018 Securing a Brexit transitional deal will be high up the agenda for the chief executives of some of the City’s biggest firms at a high-level roundtable tomorrow afternoon with Theresa May. Around a dozen senior figures from firms including Goldman Sachs, Barclays and HSBC are expected to meet the Prime Minister, along with chancellor Philip [...]
IG Group, CMC Markets, Plus500 share price falls despite shrugging off FCA claims customers are at “serious risk of harm” January 10, 2018 Britain’s biggest spreadbetting firms today shrugged off a damning assessment of the contracts for differences (CFD) sector by the City’s top financial watchdog. In a letter to the spreadbetting chief executives, the Financial Conduct Authority (FCA) uncovered “flawed” processes, “significant weaknesses” and conflicts of interest. Consumers are at “serious risk of harm from poor practices [...]
Female-focused machine learning could change how financial advisers serve women January 10, 2018 | City Talk Many companies already know that women are becoming more prominent as wealth holders, are directing more wealth investing than before, and are often their largest consumers. However, while women are the target customers, they are still underserved by financial advisers. Most financial services firms have optimised themselves to communicate with and serve male as opposed [...]
Warren Buffett thinks bitcoin will “come to a bad ending” as Berkshire Hathaway boss wades in on cryptocurrency craze January 10, 2018 The so-called Oracle of Omaha has become the latest high-profile investor to weigh in on bitcoin – as he gave an indication of his succession plans by promoting two potential heirs. Warren Buffett, the cherry Coke-swilling boss of investor Berkshire Hathaway, said “with almost certainty” that cryptocurrencies “will come to a bad ending”. During an [...]
Daimler invests in What3Words, a British tech startup mapping the entire world with words January 10, 2018 Daimler has taken a stake in an innovative British mapping startup that created an entirely new postcode system for Mongolia last year. The German carmaker behind Mercedes has taken a 10 per cent stake in What3Words, a startup creating a three word address for each nine square area on the planet. The deal, the value [...]
Emerging markets: How different local expectations can dramatically change the investing landscape January 10, 2018 | City Talk Most financial best practices originated in developed economies. And while best practices and ethical principles endure regardless of locality, they can be challenging to implement in underdeveloped markets where the operational framework may be quite different. There are certain unique challenges I face as a practitioner in the United Arab Emirates (UAE) that would be [...]