G4S wins another government tagging contract for the Ministry of Justice (MoJ) despite £109m fraud scandal and ongoing probe July 9, 2017 G4S, the security services company which appears unable to do any wrong, has won a new tagging contract despite a fraud scandal which saw it repay almost £109m to the government. Read more: G4S agrees to tagging payout as profits slide The Ministry of Justice confirmed that G4S has again been selected to supply tagging [...]
Fashion technology startup Metail raises £10m from Hong Kong’s TAL to become “Google of size and shape” July 9, 2017 A tech startup which offers retailers technology that lets online shoppers try items on virtually, and wants to become the “Google of size and shape”, has bagged millions of pounds in fresh funding from investors. Metail has raised a £10m series B led by TAL, a Hong Kong-based apparel manufacturer, bringing total cash ploughed into [...]
Sector charge for more women to get top jobs in finance gathers pace as firms shake up succession planning and hiring practices July 9, 2017 A push to secure more women top roles in the finance sector is gathering pace, as a fresh batch of firms have signed up to a charter devised by the Treasury to build the pipeline of female talent for leadership positions. Some 25 new firms have signed up to the Women in Finance Charter, taking [...]
Clydesdale Bank is being sued by RGL Management on behalf of firms who took out tailored business loans (TBLs) July 7, 2017 Clydesdale Bank (CYBG) is being sued by RGL Management on behalf of companies who took out tailored business loans (TBLs) between 2002 and 2012. RGL, group that intiates and builds cases in large, complex multi-party commercial legal actions, said more than 6,000 small businesses “have legitimate grounds to join this action”. According to RGL, more [...]
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 [...]