Crossrail coming: The new Tube map featuring the Elizabeth Line has been revealed with a year to go | City A.M. December 19, 2017 With a year to go until the big start of Elizabeth Line services and opening of 10 new London stations, Transport for London (TfL) has unveiled a new December 2018 Tube map featuring the Elizabeth Line. The Crossrail project is nearing the final stages of construction and the Elizabeth Line, as it will be known [...]
Bitcoin is yet to prove its worth. We’ll need to keep an eye on it, says Japan’s finance minister December 19, 2017 Japanese finance minister Taro Aso has questioned the creditability of bitcoin. Aso said there was “no fixed definition” on whether the cryptocurrency was a currency or not. “This issue is a difficult one,” he said after a cabinet meeting. The comments come after his French counterparty said he would propose a discussion on the regulation [...]
Traders might be misunderstanding the cryptocurrency craze, and it could come back to bite December 19, 2017 There’s no doubt that people are in a frenzy over cryptocurrencies. Not just bitcoin, but ether and litecoin and a number of others have seen huge gains this year. The interest in cryptocurrencies as a whole, and the hundreds of thousands of people signing up to platforms like Coinbase, has led to investors pouring money [...]
HMS Queen Elizabeth: The Royal Navy’s newest aircraft carrier has sprung a leak December 19, 2017 The UK’s newest aircraft carrier has sprung a leak just weeks after being commissioned by the Queen. The HMS Queen Elizabeth is taking on water because of a faulty seal on one of its propeller shafts. The ship has been taking on up to 200 litres of sea water per hour as a result, the [...]
No special Brexit deal for the City of London or passporting for financial firms, says EU chief negotiator Michel Barnier December 19, 2017 The EU’s chief negotiator has stamped out hopes of a special deal for the City after Brexit. Michel Barnier poured cold water on the idea that a bespoke deal could be agreed for the financial services sector. “There is no place [for financial services]. There is not a single trade agreement that is open to [...]
Public Register: Investors have published their FTSE naughty list of companies with the angriest shareholders December 19, 2017 This year has been punctuated by shareholder rebellions in businesses from WPP to Persimmon to the boardroom battle currently raging over the ousting of London Stock Exchange boss Xavier Rolet. But now shareholder anger at FTSE bosses’ pay packets has been dragged into the spotlight again, after the Investment Association launched its “naughty list” of [...]
No, scrapping net neutrality laws won’t kill the internet December 19, 2017 The decision by the US Federal Communication Commission (FCC) to remove so-called “net neutrality” laws last week produced a flurry of outrage. The American media company Netflix was most vociferous, declaring on Twitter: “we’re disappointed in the decision to gut #NetNeutrality protections that ushered in an unprecedented era of innovation, creativity, and civic engagement.” Such [...]
The year in sterling (GBPUSD): Theresa May’s election shocks, Mark Carney’s rising rates, and Brexit, Brexit, Brexit December 19, 2017 It was a brave trader betting on sterling at the start of the year. Economists were fearful for the British economy as 2016’s dramatic fall in the pound fed through to surging inflation; Theresa May was still a novice as Prime Minister; and the Brexit process had not yet truly begun. Brexit has – as [...]
Tony Martin retracts comments over Chris Froome and adverse drugs test December 18, 2017 Four-time world champion Tony Martin has backtracked on comments made about supposed preferential treatment shown towards Britain’s Chris Froome by governing body the UCI following his adverse drugs test. Froome was found to have double the legal dosage of asthma drug Salbutamol in his urine when tested at the Vuelta a Espana in September, a [...]
Apple share price climbs to an all-time high (NASDAQ:AAPL) December 18, 2017 Apple’s share price rose to an all-time high today amid expectations that Donald Trump’s long-awaited tax plan would soon be passed. The tech giant’s shares reached as high as $177.17 as broader Wall Street stocks jumped to fresh highs thanks to the so-called Santa rally, with the Nasdaq crossing the 7,000 mark for the first [...]