On yer Mobike: Another cycle sharing scheme’s arrived in London after oBike, starting with Ealing July 31, 2017 It looks like Londoners will have more bike choices than ever before, as another cycle sharing scheme pulls up in the capital. Mobike, a Chinese startup unicorn (valued at more than a billion dollars, that is), will be available in Ealing from today, its first foray into the capital after a somewhat bumpy arrival in [...]
Trump’s tax reforms could shake up the global M&A environment, warns tax consultancy Taxand July 31, 2017 Despite the UK’s Brexit vote and the hesitancy with which several world leaders welcomed US President Trump’s appointment, global cooperation has been a key trend in tax over the past year according to consultancy firm Taxand. However, Trump’s mooted tax reforms and reviews could shake up the global mergers and acquisitions (M&A) landscape, Taxand has [...]
McLaren 570S Spider review: Tim Pitt may have found his new favourite supercar July 31, 2017 When a car doesn’t feel right within the first 50 metres, it’s not right. That was the mantra of Richard Parry-Jones, the chassis guru who helped transform Ford in the 1990s. It’s also a test McLaren applied to its new 570S Spider. Forget topping 200mph, this £164,750 roadster had to feel sorted at city speeds. [...]
Fears rise on £200bn debt pile as Moody’s warns Britons may be borrowing too much July 31, 2017 Rising levels of household borrowing at a time of macroeconomic weakness will cause Britons to struggle with loan repayments, according to influential ratings agency Moody’s, as consumer debt rose back over £200bn. Moody’s has changed its collateral outlook on two of the UK’s structured finance sectors to reflect the declining ability of Britons to make [...]
City economist and ex-Boris Johnson adviser Gerard Lyons wants a two-year Brexit transition period July 31, 2017 A top City economist who backed Brexit and is an ex-adviser to Boris Johnson has called for a Brexit transition period lasting two years Gerard Lyons shot down talks of a “cliff edge” saying many of the perceived risks to business are not real, countering the general consensus of the City. Read more: Scots call [...]
Digital challenger bank Revolut smashes more crowdfunding records with Seedrs campaign July 31, 2017 The fire continues burning under fintech with huge demand for the latest crowdfunding of digital challenger bank Revolut. More than 40,000 people have pre-registered to back the banking startup ahead of the official campaign which kicks off today. Combined, they have pledged more than £17m, however, their investment will be capped at £1,000 each and [...]
Aircraft order books soar to a new high worth £220bn for the UK in the first half of 2017 helped by a boost from the Paris Air Show July 31, 2017 The UK’s aerospace industry is soaring as new data reveals a boost from last month’s Paris Air Show helped secure a record order book worth around £220bn for the sector. The current aircraft order backlog has reached a record high of 13,589, which is 50 per cent larger than it was in 2012 and double [...]
Will someone challenge Theresa May for the Tory leadership after recess? July 31, 2017 DEBATE: Is it likely that someone will challenge Theresa May for the Conservative leadership after the recess? YES – Olivia Utley, news and features editor at Reaction As George Osborne so sweetly put it, Theresa May is “a dead woman walking”. This is just as true now as when he said it mere days after [...]
Democratising luxury travel: Behind the successful business model of holiday site Secret Escapes July 31, 2017 With 19.5m active members worldwide, at this point it’s safe to say Secret Escapes is living up to its early tagline that it’s “the worst-kept secret in luxury travel”. The company has flourished since launching in 2011 as an online-only, deals-based travel agent offering flash deals with up to 70 per cent off luxury hotel [...]
Sugar in a sticky spot over fears that cheap imports will be dumped on the UK market post Brexit July 30, 2017 Sugar has been at the centre of international tussles before. It was Napoleon who introduced sugar beet to Europe after his access to cane was threatened. In 2017, new battle lines are being drawn over the British sugar industry, with Brexit as the potential flashpoint. British Sugar, part of Associated British Foods, supports 9,500 jobs [...]