Carwow backer Episode 1 revs up with new £60m venture capital fund as SyndicateRoom launches new EIS | City A.M. December 1, 2017 Episode 1, the software-focused venture capital firm, has launched a new £60m fund to seed UK entrepreneur-led companies. The Enterprise Capital Fund is 60 per cent larger that Episode 1’s first, and received investment from the likes of the British Business Bank and later-stage venture capital firm Draper Esprit. Simon Murdoch, former Amazon UK chief [...]
Jeremy Corbyn tells Morgan Stanley it’s right that bankers view the Labour party as a threat November 30, 2017 Labour leader Jeremy Corbyn has told Morgan Stanley it was right to view his party as a threat, after the investment bank warned that a Corbyn-led government could pose as much of a risk to business in Britain as a hard Brexit. In a video posted on Twitter today, Corbyn said: Bankers like Morgan Stanley [...]
US Federal Reserve official warns digital currencies like bitcoin could pose financial stability problems if it gains wider use November 30, 2017 A Federal Reserve official has said that digital currencies like bitcoin could pose a threat to financial stability if they pick up wider use. The notoriously volatile cryptocurrency had a rollercoaster ride yesterday, spiking to a fresh high topping $11,000 before slumping 20 per cent, and then picking up the pace again. And Randal Quarles, [...]
The Co-operative Bank and Shell reveal gender pay gaps topping 20 per cent while Accenture’s is 10.2 per cent November 30, 2017 The Co-operative Bank and Shell have become the latest names to reveal their gender pay gaps as the April deadline looms for large employers to report the figures. The Co-op said its median gender pay gap – the middle figure when the hourly rates of all staff are listed in ascending order – was 22.6 [...]
No need for disclosure of Bank of England emergency funding to Lloyds investors in HBOS deal, Sir Victor Blank tells court November 30, 2017 Investors in Lloyds bank at the time of its merger with HBOS did not need to be told about emergency funding provided by the Bank of England (BoE), former Lloyds chairman Sir Victor Blank today told the High Court. Blank was giving evidence at a £550m legal case brought by shareholders who allege they were [...]
Films out this week: Wonder review, Happy End review, and The Man Who Invented Christmas review November 30, 2017 Wonder (PG), Director: Stephen Chbosky ★★★☆☆ Jacob Tremblay stole our hearts in Room, and here dons a job-lot of prosthetics to do exactly the same as a Auggie, a young man with facial deformities squaring up to life in a new school. What sounds like a slush-fest of the highest order, particularly when you factor [...]
Mayor Sadiq Khan presses ahead with plans to extend the ultra low emission zone across London by 2021 November 30, 2017 Not content with rolling out the £10 T-Charge on older, more polluting vehicles in October, Sadiq Khan is now pressing ahead with plans to toughen up the capital’s ultra low emission zone (ULEZ). He said the extension of the zone could affect 100,000 cars a day, 35,000 vans, and 3,000 lorries. The ULEZ is an [...]
TSB boss adds voice to concerns over Santander inclusion on RBS competition fund November 30, 2017 The boss of high street bank TSB today criticised the possible inclusion of banking giant Santander in a scheme to boost competition in the small business lending market. Paul Pester publicly added his voice to concerns surrounding the use of funds which Royal Bank of Scotland (RBS) has been forced to set aside to spur [...]
Net migration fell to 230,000 in the year since Brexit vote November 30, 2017 Net migration fell by more than 100,000 to 230,000 in the year to June, according to data from the Office for National Statistics (ONS). The difference between the number of people coming to live in the UK and the number of people leaving to live elsewhere fell to 230,000 over the period, down from a [...]
Opec and Russia agree to extend oil supply cut through 2018 November 30, 2017 The Organisation of the Petroleum Exporting Countries (Opec) has agreed to extend oil production cuts with Russia and other non-Opec producers until the end of 2018. Under the deal, which started at the beginning of 2017 and was set to run until March 2018, producers are cutting production by 1.8m barrels per day (bpd) to [...]