Odds slashed on Jacob Rees-Mogg to replace Theresa May as Tory leader | City A.M. July 7, 2017 Bookies’ odds on Jacob Rees-Mogg to take over leadership of the Conservative party from Theresa May have been slashed. His chances have been cut from 50/1 to 16/1 to be next Tory leader, according to Oddschecker. “His growing popularity was bound to affect his chances of becoming the top-dog in the Conservative party,” said Oddschecker [...]
American investment in London property is at an all time high due to the fall in sterling. But what are they buying and where? July 7, 2017 Earlier this week, US citizens all over the world were celebrating Independence Day, yet for the first time in a long time, many of them had one eye on the fireworks and another across the Atlantic on the bargains to be had back in the Old Country. Following the fall in the pound due to [...]
Britain is a tech powerhouse leading the global revolution July 7, 2017 In every era, when a big new technology is invented we are challenged to think fresh about how to make it work for us, in a way that improves the quality of people’s lives. Just as new technologies can bring great benefits, they also can throw up risks. It’s no different with digital technology. Britain [...]
RBS’ mis-selling fine is certain to highlight American hypocrisy, Worldpay’s bid invitation and no rush for the new Ofcom chair July 7, 2017 It was hard to suppress a laugh last week at the sanctimonious angst of corporate America at the fine doled out by Brussels over Google’s anti-competitive behaviour by favouring its shopping service over those of rivals. Those Europeans, came the wailing from across the Atlantic, are extracting money from flagship US companies with little justification. [...]
Top City figures Andrew Bailey, John McFarlane, Xavier Rolet and Catherine McGuinness fire back at Brussels hard talk over post-Brexit trade and clearing July 6, 2017 Some of the biggest names in the City were out in force on Thursday demanding a Brexit deal that maintains free trade between London’s financial sector and the rest of Europe, and allows the market to determine where trillions of pounds worth of daily transactions are cleared. Their comments jarred with a warning from EU [...]
Meet the three startups joining Pfizer’s healthtech accelerator that could soon help the NHS July 6, 2017 Three tech startups have been selected by pharmaceutical giant Pfizer to help tackle pressing health issues facing the National Health Service An app offering social care on demand, Cera, and another offering prescription deliveries, Echo, along with GiveVision, a startup developing a headset to improve sight for the visually impaired, will join its new healthtech [...]
Cyber attacks are prompting a boost in cybersecurity M&A, figures from Hampleton Partners reveal July 6, 2017 Both strategic buyers and private equity firms are showing a renewed interest in cybersecurity acquisitions, new figures from technology-focused merger and acquisition (M&A) advisor Hampleton Partners reveal. After 2010, following the period when software-based cybersecurity systems were being hoovered up in massive deals such as Intel’s $7.68bn takeover of McAfee, the value of deals done [...]
Hedge funds don’t need masses of assets under management to make a profit, a new study from GPP and Aima reveals, contrary to previous figures July 6, 2017 Small hedge funds are able to turn a profit and expand with considerably less than $100m (£77.28m) in assets under management, a new study has revealed from prime broker GPP and trade body the Alternative Investment Management Association (Aima). The survey of 135 smaller hedge funds across the globe found that the average break-even point, [...]
Blockchain is warming up: Asset manager Natixis says it has made the industry’s first ‘real’ transaction using the technology on the FundsDLT platform July 6, 2017 France’s Natixis Asset Management claims it has made the first “real” blockchain transaction completed in fund distribution, as investors purchased shares in its funds via the technology. Natixis announced last month that it would be the first asset manager to use the FundsDLT platform, a blockchain-powered fund distribution platform. Read more: Blockchain wallet business raises [...]
Butter warning: Anchor and Cravendale owner Arla’s boss warns of butter shortage before Christmas this year July 6, 2017 Dairy-lovers and toast fans, you might want to look away now: the UK has been warned it’s facing a shortage of butter and cream this Christmas. Insufficient milk is being supplied by farmers to make dairy products, Peder Tuborgh, boss of dairy group Arla, told the BBC. Farmers “put the brakes on” in 2016, he [...]