Chelsea boss Antonio Conte blames Premier League for his team’s faltering title defence – and English clubs’ recent failure in the Champions League November 21, 2017 Chelsea manager Antonio Conte has taken a swipe at the Premier League, accusing its fixture compilers of sabotaging English clubs chances of success at home and in the Champions League. Conte insists the scheduling has repeatedly put his team at an unfair disadvantage in domestic competition this season. The Blues do not expect to arrive [...]
Activist investor warns London Stock Exchange against “character assassination” of outgoing boss Xavier Rolet November 21, 2017 Activist investor Sir Chris Hohn today lashed out at the London Stock Exchange (LSE) Group, saying that its board appears to be threatening a “character assassination” of its outgoing chief executive Xavier Rolet. In the latest twist in the LSE soap opera over the alleged forced retirement of Rolet, Hohn called for the Bank of [...]
Corruption is the real story of the Paradise Papers November 21, 2017 Much of the response to the Paradise Papers has, so far, revolved around tax avoidance. While the opposition has said that it is awful, costs the UK economy billions, and that there must be a full public inquiry, the British government seems to have merely shrugged its shoulders and said it is all perfectly legal. [...]
HSBC has hired ex-Google engineering director Mike Warriner to lead the bank’s tech and digital efforts November 21, 2017 HSBC is tapping up talent from tech companies to give it a leg up in an increasingly digital world with the hire of a former Google engineer. Mike Warriner, who was the director of engineering at the tech company in the UK for the past five years, has been named chief information officer at the [...]
EU competition chief Margrethe Vestager threatens Google, Amazon, Apple and Facebook with tax reform November 21, 2017 Europe’s fierce enforcer of competition rules is threatening tech giants with tough new rules on tax if politicians fail to come to an agreement on changes to the current system. Efforts to amend rules that would apply tax more fairly to firms which largely operate online such as Google, Amazon, Apple and Facebook, have been [...]
Chinese banks march up rankings of world’s most important banks as Citi and BNP Paribas drop November 21, 2017 Chinese banks have jumped up international regulators’ rankings of the banks which are most crucial to the global financial system as Citigroup and BNP Paribas fell down the list. Both Bank of China and China Construction Bank rose into the second “bucket” on a list of the global systemically important banks published today by the [...]
UK firms are “being excluded” from European space contracts on Galileo satellite system due to Brexit uncertainty November 21, 2017 British firms are being “excluded” from bidding for lucrative space contracts due to concerns over Brexit, aerospace bosses said today. Simon Henley, the president-elect of the Royal Aeronautical Society, told MPs companies have said they are losing out. He gave the example of the Galileo programme, Europe’s global navigation satellite system, created through the European [...]
Brexit secretary David Davis: UK should be able to sign trade deals during transition period November 21, 2017 David Davis has said the UK should be able to sign free trade deals during any transition period agreed with the European Union. Speaking at a conference this morning, Davis said Britain “will be a third country and act as one too” after March 2019, which means it should be able to sign new deals [...]
EasyJet plans Brexit shareholder shake-up that could force UK nationals to sell their shares November 21, 2017 EasyJet has set out plans that could force UK shareholders to sell their stakes after Brexit, as it looks to get ready for Britain’s departure from the bloc and comply with foreign ownership rules. Under EU law, the airline needs to ensure majority control and ownership by EU nationals for when Britain leaves the bloc, [...]
Just when you thought the world couldn’t take more upheaval, came the news that German coalition government negotiations have broken down November 21, 2017 Just when you thought the world – and markets – couldn’t take more upheaval, came the news on Monday that German coalition government negotiations have broken down. The impact on the Euro was less damaging that might have been expected. But Europe is pretty used to coalitions. Strong and stable single party governments are, for [...]