Mapped: Here are the 10 shortlisted Hyperloop One routes including Edinburgh to London and Glasgow to Liverpool September 14, 2017 Hyperloop One has announced 10 winners of the global challenge it set back in May last year, to identify the strongest potential routes in the world. It has carried out a close assessment of the proposals with a panel of infrastructure, tech, and transport experts scrutinising the details, and now 10 teams from five countries [...]
Private members empire Soho House, owner of the City of London’s Ned, reports swelling membership and revenues September 14, 2017 Private clubs empire Soho House today reported a swelling membership base and turnover. The firm, which launched the City of London’s Ned club alongside Sydell Group in April this year, today released its results for 2016. Founded in London in 1995, Soho House now owns private members’ clubs across Europe and North America. In 2016, [...]
AI’s threat to traditional banking models September 14, 2017 Artificial intelligence, machine learning, and the Internet of Things are now defining the future of our economy. The effect of these technologies, made possible by the colossal volumes of data we are able to collect and process, has been described as the “fourth industrial revolution”. There are hundreds of ways businesses can apply AI to [...]
Uefa president Aleksander Ceferin plans to get tough on financial fair play September 14, 2017 The head of European football, Uefa president Aleksander Ceferin, has warned that strengthening financial fair play (FFP) rules is among his top priorities for the next 12 months. Ceferin’s statement comes amid fresh debate over the future of the controversial regulations, following the record-breaking sums spent by Paris Saint-Germain on Brazil superstar Neymar and striking [...]
Crossrail’s latest mega milestone: The £14.8bn Elizabeth Line’s permanent track has been completed September 14, 2017 The £14.8bn Crossrail project today reached a new significant milestone with the completion of the permanent track for the Elizabeth line. Engineers affixed the final rail clips to the track in the eastbound tunnel of the new Whitechapel Elizabeth Line station. Read more: Crossrail construction: The 19 best pictures of the Elizabeth Line Construction trains [...]
Interserve share price in freefall as support services sickness spreads September 14, 2017 Interserve shares plummeted this morning after delivering a warning that had the hallmarks of problems that blighted its support services rivals. The London-listed firm surprised the market with a double helping of bad news. More than £116m has been wiped off the firm’s market cap this morning with Interserve’s shares over 50 per cent down. [...]
21st Century Fox’s Sky takeover will be referred to CMA for in-depth investigation, culture secretary Karen Bradley confirms September 14, 2017 The culture secretary this morning confirmed she will refer Fox’s bid for Sky to the competition regulator for an in-depth, phase two investigation. Karen Bradley said she will refer the bid on the grounds of both media plurality and broadcasting standards. The Competition and Markets Authority (CMA) will now have 24 weeks to report back [...]
Uncertainty is a large problem for small businesses September 14, 2017 Today’s economic and political environment creates a number of challenges for the UK’s 5.5m small businesses. One of the most prominent is uncertainty, and the impact this has on the cost of doing business; it affects the ability of businesses to access finance, invest, export, and ultimately, grow. Consequently, the provision of tailored guidance and [...]
The new £10 note featuring Jane Austen has gone into circulation today: Here’s what you need to know September 14, 2017 First came the plastic £5 note, now the Bank of England’s new polymer £10 note has gone into circulation. The new note, which was first unveiled by Bank of England governor Mark Carney in July, features English novelist Jane Austen – marking 200th anniversary of her death. Just over 1bn polymer £10 notes have been [...]
City watchdog the FCA refers investment consultants for a CMA competition investigation in the first decision of its kind September 14, 2017 The spotlight is about to turn on the investment consultancy and fiduciary management services industry, as the Financial Conduct Authority (FCA) today announced that it will refer the sector to the competition authority. This is the first time the FCA will have ever made a Market Investigation Reference to the Competition and Markets Authority (CMA). [...]