Juncker’s State of the Union address: President wants “more united Union”, with single leader as he says Brexit is not “the future of Europe” September 13, 2017 Jean-Claude Juncker has set out his vision for “a more united Union” – including a single President of Europe – insisting Brexit will not set the tone for the bloc. In his annual State of the Union address, Juncker revealed plans for the presidencies of the European Commission and the European Council to be merged, [...]
Woodford-backed Touchstone Innovations beats forecasts ahead of takeover September 13, 2017 Touchstone Innovations, the Neil Woodford-backed company which commercialises and invests in business ideas, has beaten forecasts ahead of a takeover by IP Group. The numbers Touchstone’s net portfolio value increased 38 per cent year on year, according to the group’s full-year results this morning, to £461.1m. This resulted in a pre-tax profit of £46.8m, up [...]
The battle over Southwark station September 13, 2017 From Baker Street to Westminster, King’s Cross to Wood Green, London’s stations are unique and steeped in history – over 70 London underground stations are listed, and a further 50 lie within conservation areas. Central to communities, they provide valuable transport links – developing over them makes sense as it enables sustainable, high density development, [...]
Bitcoin and Ethereum slide after JPMorgan Chase boss slams cryptocurrencies as “fraud” September 13, 2017 JPMorgan Chase chief executive Jamie Dimon slammed cryptocurrencies as a “fraud” last night, pushing the already slipping value of Bitcoin down another notch. Bitcoin was down almost four per cent today at $3,985.03 (£2,994.49), while Ethereum dropped 4.81 per cent to $279.55. Dimon said he would fire an employee who traded in cryptocurrencies for being [...]
Gymbox’s irreverent founder built a brand out of making fitness fun | City A.M. September 13, 2017 Gymbox founder Richard Hilton stumbled upon the idea for his company as a skinny 19-year-old living in New York and working in advertising, as we found out at a recent Leap 100 roundtable. He wanted to bulk up. “The Americans were having a lot more success with women than I was because they were all [...]
Jean-Claude Juncker’s State of the Union address is a reminder that the EU always reaches for more Europe September 13, 2017 This time last year, EU head honcho Jean-Claude Juncker delivered his 2016 State of the Union address. It was a sombre affair. Addressing members of the European Parliament he declared” “Never before have I seen such little common ground between our members states… never before have I seen so much fragmentation.” He was not just [...]
Corbyn’s cunning EU plan has ended in abject failure September 13, 2017 It was meant to be a cunning plan, but just like Baldrick, Jeremy Corbyn’s cunning plan was too clever by half. And he has now fallen flat on his face. A year ago, Labour was on the wrong side of history. Having campaigned to remain in the EU, Corbyn had seen the majority of Labour [...]
British banking remains “accident waiting to happen” 10 years after Northern Rock collapse, Adam Smith Institute report claims September 13, 2017 British banking is an “accident waiting to happen”, according to a new report from think tank the Adam Smith Institute marking the 10-year anniversary of the Northern Rock crash. Today’s paper, authored by Durham University finance and economics professor Kevin Dowd, also claims the Bank of England’s stress tests are “seriously flawed” and that banks [...]
Waka review, Monument, London: Japanese/Pervian fusion restaurant that’ll brighten up your lunch time | City A.M. September 12, 2017 Waka 39A Eastcheap, EC3M 1DE WHAT? A “grab-and-go” Nikkei (Japanese and Peruvian fusion) restaurant serving top-quality food for prices that makes Itsu seem expensive. You can eat in the 60-cover dining room downstairs, with its minimalist design and regional flourishes, or bag it and go if you prefer to dine al desko. It’s all freshly [...]
Techxit? UK is the exit capital of Europe for tech startups September 12, 2017 London is the European capital for exits in the technology sector with more deals involving startups from the city than the next six top cities in Europe combined, including Berlin and Paris. The UK as a whole was found to be second only to the US for the number of exits since 2010, with 1,234 [...]