Prime Minister Theresa May pushes for access to EU market during Brexit transition period December 18, 2017 The Prime Minister has called for unchanged access to EU markets during the Brexit transition period. Speaking in parliament today, Theresa May said there was a “shared desire” between the EU and UK to make “rapid progress” on an implementation period. During the transition, May said the UK would be out of the Single Market [...]
Activist investor Sir Chris Hohn to skip crunch London Stock Exchange shareholder meeting he requested December 18, 2017 Activist investor Sir Chris Hohn will not attend a London Stock Exchange (LSE) shareholder vote tomorrow which he himself requested, according to reports. Hohn requested the meeting last month to remove chairman Donald Brydon, after accusing him of forcing out former chief executive Xavier Rolet, but will not attend in person, Reuters reported. Investors meet [...]
The Ford Mustang CS800 is modified by London-based Clive Sutton into a tyre-smokin’ super coupe. Tim Pitt takes the reins December 18, 2017 Eight hundred and twenty five horsepower. That’s more than eight typical Ford Fiestas, a McLaren 720S, Ferrari 812 Superfast or Lamborghini Aventador S. More than anything this side of a seven-figure hypercar, in fact. Hell, it’s even more than a 62-seat London Routemaster bus. Lucky the winter roads aren’t damp, then. Oh. Meet the Ford [...]
Virgin billionaire Richard Branson is taking up Hyperloop One chairman role December 18, 2017 Virgin entrepreneur Richard Branson is taking up a top leadership position at Virgin Hyperloop One, the transportation startup he recently invested in and rebranded under his empire’s name. The billionaire businessman will become chairman at the US company which hopes to build high speed transport based on a technology concept created by Elon Musk around [...]
Uber Cambridge license renewed for five years by local council December 18, 2017 Uber has won approval to operate in the city of Cambridge for another five years the City’s local council said today. It had been reviewing the startup after its licence was not renewed in London and briefly revoked in Sheffield, and with its permission in the university city due for renewal at the end of [...]
Minor Hotels takes £58m stake in The Wolseley and The Delaunay operator Corbin and King December 18, 2017 The owner of some of London’s most iconic eateries has sold a £58m stake to a Thai hospitality group. Corbin and King, named after its founding partnership Chris Corbin and Jeremy King, is behind restaurants including The Wolseley, The Delaunay, and Brasserie Zedel. The majority stake in the company has now been snapped up by [...]
Expect train delays and flight cancellations after the Met Office issued a yellow warning of fog for London December 18, 2017 Expect cancellations and delays to flights and trains tomorrow morning, after the Met Office warned the capital will be shrouded in fog overnight. The organisation said a yellow warning of fog will come into effect at 8pm tonight and last until midday tomorrow. It warned travellers to expect slower journey times, with delays to bus [...]
Bitcoin and the United States of Europe: “Grey swan” events of 2018 predicted by Nomura bank December 18, 2017 Beloved by WPP boss Sir Martin Sorrell and many others in the business world, swans in various hues are employed as metaphors for forecasting the future. A black swan event is completely unpredictable and totally out of the blue. But a grey swan, on the other hand, is more foreseeable. And Japanese bank Nomura has [...]
Bitcoin price rise makes creator Satoshi Nakamoto one of world’s richest billionaires December 18, 2017 The mysterious unknown creator of bitcoin who goes by the name Satoshi Nakomoto is among the world’s richest people as the cryptocurrency booms. Bitcoin has pulled back from its tear towards $20,000 but is still trading above $19,000, according to the Coindesk bitcoin price index (BPI) at pixel time. Read more: This bank analyst believes [...]
Finally, a British centurion: London Stock Exchange notches up 100 floats for the year December 18, 2017 The London Stock Exchange (LSE) today notched up its 100th company flotation of 2017 this week, breaking the century barrier for the first time in three years thanks to a strong international showing and a proliferation of investment fund listings. Northern Irish healthcare firm Fusion Antibodies and Israeli miner Shefa Yamim were this morning admitted [...]