Barclays’ EU base after Brexit looks like it will be located in Dublin July 2, 2017 Dublin has been chosen by Barclays as the location for its European base after Brexit, according to a fresh report. The high street bank has agreed terms to rent a bigger office in the Irish capital, the Telegraph reports, having also considered Frankfurt. Read more: Japanese banks to shift London resources to Frankfurt after Brexit [...]
European Central Bank rate setter: Tightening monetary policy? We’re working on it… July 1, 2017 The European Central Bank is mulling a move towards tightening its monetary policy, according to one of the members of its rate-setting committee. Jens Weidmann, also the head of Germany’s central bank, said: “It will hopefully come and we’re working on that, we’re also discussing it.” Markets are keeping a keen eye out for any [...]
British people have forgotten the perils of big government June 30, 2017 The new mantra of the people is “tax more, spend more”, at least according to the British Social Attitudes 2017 findings, released yesterday. For the first time since 2004, more Brits (48 per cent) support government increasing the tax take than support keeping it around the same level (44 per cent). Many are hailing this [...]
Tour de France 2017: Team Sky has full support of the media giant despite a tumultuous year June 30, 2017 Team Sky has the full backing of the executives at the media behemoth despite enduring a year plagued by doping allegations, according to a key director at Britain’s most successful cycling team. Sky has dominated professional cycling in recent years, winning four of the last five editions of the Tour de France, which starts on [...]
The largest ever buyout of a European software company was just announced – and you’ve probably never heard of it June 30, 2017 The largest ever buyout of a software company in Europe was announced yesterday, led by UK-based private equity firm HgCapital. The £4.2bn deal for Visma, a business software developer, saw US buyout house KKR sell the whole of its 31 per cent stake, and Cinven reduce its share by 60 per cent to 17.1 per [...]
Royal Bank of Scotland faces swaps mis-selling claim from Harley Street doctor in High Court June 29, 2017 A Harley Street doctor has emerged as one of the latest small business owners seeking to take Royal Bank of Scotland to court. Dr Robin Lawrence, one of the owners of 96 Harley Street, is understood to be suing the bank for at least £1m over interest rate swaps mis-selling. The psychiatrist claimed that RBS [...]
A London art gallery will soon accept bitcoin and other cryptocurrencies as payment June 29, 2017 In a UK first, a London art gallery will soon accept bitcoin and other cryptocurrencies as payment for works of art. Dadiani Fine Art, a gallery in Mayfair, will take any of the six leading digital currencies, including bitcoin, ethereum, litecoin and others. “We are combining old world business ethics and practice with the new [...]
London’s best restaurants explain how they design their dining spaces, from banquette to banqueting table June 29, 2017 Few things in the restaurant design world have been so hotly debated as the humble tablecloth. Since Noma stormed onto the international food scene in 2003, the rulebook for what a high-end restaurant should look like went out the window; gone were the plush carpets, extravagant chandeliers and, most importantly of all, the table cloths. [...]
Spreadbetting crackdown: European intervention prompts delay by UK regulators June 29, 2017 British financial regulators have delayed an eagerly awaited decision on spreadbetting reforms after European authorities stepped in, revealing groundbreaking plans to crack down on the trading of riskier products. The Financial Conduct Authority (FCA) has been considering responses to proposals it made last December to shackle certain elements of increasingly popular trading platforms. A decision [...]
We have Apple to thank for a decade of fintech revolution | City A.M. June 29, 2017 Today marks the 10 year anniversary of when the iPhone first went on sale, and to say it has transformed how we work, interact, and run our day-to-day lives is an understatement. The iPhone has not only led to significant technology advancements in the smartphone space, it has also been the driver of mass industry [...]