Brexit will require major review of financial services regulation, claims IRSG and Linklaters report December 8, 2017 Brexit will force an overhaul of the UK’s regulation of financial services, creating new checks and balances to ensure the system remains “proportionate, coherent and fit for purpose”, a new report argues. Rule-making currently exercised jointly by the European Parliament and member states through the Council of Ministers and responsibilities from the European Supervisory Authorities [...]
London job market: Gloss removed from six-month high as supply stutters December 8, 2017 London permanent jobs hit a six-month high, according to figures released today. But headhunter trade body the Recruitment and Employment Confederation (REC) warned businesses were increasingly struggling to fill roles in the capital. The number of candidates placed into permanent positions in the capital increased to the greatest extent since May. Permanent placements also increased [...]
Eddy Merckx: “Complete rider” Tour de France winner Chris Froome set to repeat unprecedented British cycling success December 7, 2017 Four-time Tour de France winner Chris Froome has been backed by the most decorated cyclist of all time to repeat his groundbreaking double Grand Tour success in 2018. Belgian Eddy Merckx called the Briton “the complete rider”, insisting he can “absolutely” continue his winning ways. Froome last week revealed plans to ride the Giro d’Italia [...]
Small businesses to launch claim against Clydesdale Bank ‘this side of Christmas’ December 7, 2017 Clydes Bank has come a step closer to facing legal action over its alleged mis-selling of business loans. RGL Management, which brings claims against banks on behalf of small firms, co-ordinated a meeting yesterday with companies who claim to be were victims of Clydesdale’s Tailored Business Loans (TLBs). Read more: Small businesses to bring legal [...]
Legal & General capitalises on “global growth opportunities” to deliver record profits December 7, 2017 The boss of insurance giant Legal & General today hailed the firm’s “formidable momentum” after revealing it was on track to deliver record annual profits. Annuity sales to date were £6.2bn. L&G said there had been “strong momentum” in the UK and US markets. The FTSE 100 group said it was sitting on £6.9bn of [...]
Cristiano Ronaldo wins fifth Ballon d’Or to equal Lionel Messi’s tally December 7, 2017 Real Madrid’s Cristiano Ronaldo toasted a year of extraordinary success with the Spanish club after he drew level with rival Lionel Messi by receiving a fifth Ballon d’Or. Ronaldo, 32, retained the award for the world’s best player after he beat Barcelona star Messi into second place in the poll of leading journalists organised by [...]
Investors not convinced by Electra Private Equity’s new strategy as the firm releases first results since booting its investment manager December 7, 2017 Listed private equity firm Electra Private Equity said today that it had generated a strong return for shareholders and slashed management fees, in its first year-end results since showing its investment manager the door. Under the leadership of activist investor Edward Bramson earlier this year, Electra tore up its agreement with longstanding investment manager Electra [...]
ost expensive Hermes Birkin Bag ever sold and the history of blockbuster handbag sales December 7, 2017 The Birkin Bag is the stuff of legend. Everything from its creation to its construction is surrounded by myth and mystique. It apparently came about because Jane Birkin was sitting next to Hèrmes’s CEO Jean-Louis Dumas on a flight and complained about her inability to find a receptacle big enough to hold all her things. [...]
Shultz demands treaty on “United States of Europe” – and those who don’t sign up will be kicked out of EU December 7, 2017 The former president of the European Parliament has called for a treaty to create a “United States of Europe”, adding that anyone refusing to sign up should be kicked out of the EU automatically. German politician Martin Shultz told the SPD during a party congress that the constitutional treaty would establish a United States of [...]
AB InBev has ordered 40 Tesla Semi electric trucks to deliver beer December 7, 2017 Drinks giant AB InBev is the latest business to get an order in for Tesla’s electric truck. The maker of Stella Artois and Budweiser has put in an order for 40 of the vehicles, which are also have some driverless technology, to deliver its beers. Read more: Meet Tesla’s new Roadster: The fastest production car [...]