Scouting Silicon Valley: Premier League clubs are on the hunt for digital experts to bolster the boardroom August 11, 2017 Every transfer window brings with it an arms race between Premier League clubs for the world’s top talent, yet this summer teams have been scouting the geniuses of Silicon Valley alongside the goalscorers of La Liga, Serie A and the Bundesliga. Top European football clubs are increasingly searching for boardroom additions who are equipped to [...]
City of London’s top EU envoy slams “bewildering” Brussels approach to negotiations: The colourful European dispatches of Jeremy Browne revealed August 10, 2017 The City of London’s top Brexit envoy has slammed Brussels’ approach to negotiating with the UK as “bewildering” and “reckless”. Documents seen by City A.M. show former Lib Dem Home Office minister Jeremy Browne, the City of London Corporation’s special representative to the EU, is also fearful that the bloc is “affronted by the idea [...]
UK house prices: London and the south east housing market slowdown drags down the UK average August 10, 2017 A slowdown in the London and the south east housing market has pulled down the UK average, according to the Royal Institution of Chartered Surveyors (Rics). A net balance of just one per cent of surveyors reported prices increasing instead of decreasing in July, down from seven per cent in June. This was the weakest [...]
Coca-Cola HBC shares soar as growth accelerates August 10, 2017 Shares in FTSE 100 firm Coca-Cola HBC (CCH) were up nearly eight per cent today after the company revealed an acceleration in revenue growth during the second quarter. CCH is a leading bottler of drinks giant Coca-Cola, having first been awarded the contract nearly 50 years ago. Read more: Eight Davids, seven Steves, six women: [...]
The Tube will have 4G mobile signal from 2019 with new plans from Transport for London an Mayor of London Sadiq Khan August 10, 2017 Soon you could be making phone calls, texting or tweeting to your heart’s delight, or even streaming that latest must-watch boxset while on the Tube, as new plans to bring mobile signal to the depths of London’s transport have been revealed. Mayor of London Sadiq Khan announced that Transport for London is working on bringing [...]
TalkTalk fined by data watchdog for putting 21,000 sets of customer data at risk of being accessed by scammers August 10, 2017 TalkTalk has been fined by the UK’s information regulator after 21,000 sets of customer data were at risk of falling into the hands of scammers and fraudsters. The Information Commissioner’s Office (ICO) slapped the FTSE 250 firm with a £100,000 fine. Personal information was at risk after an Indian firm TalkTalk used to resolve complaints [...]
UK trade balance widens again a year after the Brexit vote August 10, 2017 Britain’s trade deficit with the rest of the world went up again in June, as the amount of goods and services being imported to the country grew. The UK’s total trade deficit widened by £2bn to £4.6bn, according to the Office for National Statistics. This marks the widest gap since September last year. Read more: [...]
M&G Prudential is born: Insurer to merge insurance and asset management arms August 10, 2017 Prudential is to merge its UK and Europe asset management and insurance arms, forming M&G Prudential, the FTSE 100 group announced this morning. The combined business will manage some £332bn of assets for over 6m customers. Prudential chief executive Mike Wells said the two businesses “have a long history of collaboration and we are fortunate [...]
Facebook Watch video: Social network makes major move with original shows taking on TV, Netflix and YouTube August 10, 2017 A new and powerful contingent has entered the content wars and it’s likely to inspire fear among broadcasters and tech companies alike. Facebook has launched a new platform dedicated to TV-like video content called Watch and it will feature “shows are made up of episodes – live or recorded – and follow a theme or [...]
Exchanges and brokers put under pressure as Mifid II incentivises investment banks to get in the game August 9, 2017 Stock exchanges will be forced to innovate and brokers will have to raise the bar when the second Markets in Financial Instruments Directive (Mifid II) comes into force next year, according to a new report from capital markets consultancy Tabb Group. Mifid II will force a proliferation of systematic internalisers (SIs) – investment firms and [...]