Brexit talks: William Hague joins calls for Theresa May’s Conservatives to prioritise the UK economy over immigration June 13, 2017 Former Tory leader William Hague has urged Prime Minister Theresa May to prioritise the economy over immigration in upcoming Brexit negotiations. Hague backed the ‘Remain’ campaign in the EU referendum, but is seen as a relatively unifying figure when it comes to Brexit. Read more: Gove: Brexit plans must reflect Remainer fears after Tory election [...]
Sterling mostly unmoved against the US dollar (GBPUSD) as inflation jumps to hit four-year high of 2.9 per cent June 13, 2017 Inflation rose faster than expected in May to reach its joint highest level since April 2012, with the consumer price index (CPI) rising by 2.9 per cent over the past year. Economists had predicted inflation would stay steady at the 2.7 per cent rate recorded last month, but rising prices of recreational and cultural goods [...]
Apple and Dell join with Foxconn to bid for Toshiba chips unit, but chief executive is coy over pricing June 13, 2017 Apple and Dell have partnered with electronics giant Foxconn to bid for Toshiba’s chip unit, according to Foxconn’s chief executive Terry Gou. In an interview with Reuters, he added that US-based Kingston Technology, a maker of memory products, would also be part of the bidding group. Amazon is apparently close to joining, while Google, Microsoft [...]
The Restaurant Group has appointed Patisserie Valerie’s boss to its board June 13, 2017 The Restaurant Group today appointed the boss of bakery chain Patisserie Valerie to its board to support its turnaround plan. The owner of Frankie & Benny’s and Chiquito said Paul May will join as a non-executive director on 3 July. May has worked as chief executive of Patisserie Valerie since 2006, overseeing its expansion into [...]
Google’s opening a huge new tech hub in London for training the UK in digital skills June 13, 2017 Google is opening the doors to a huge new space in London designed to give the nation training in vital digital skills. The Academy will offer lessons to anyone, from schoolchildren to chief executives, at the 40,000 sq ft space in Victoria with input from Google staff and other industry experts. Read more: The mayor [...]
Tech leaders reject minority government’s immigration policy on the grounds it will undermine the sector June 12, 2017 THREE quarters (74 per cent) of tech professionals in London believe that policies outlined in the Conservative manifesto, if implemented, will restrict access to talent in the UK tech sector and therefore threaten its continued success. The findings are by Tech London Advocates (TLA), an independent network of nearly 5,000 tech experts, leaders and professionals [...]
RBS closes in on £3.6bn settlement over US mortgage bond mis-selling June 12, 2017 Royal Bank of Scotland (RBS) is close to agreeing a multi-billion pound fine with US authorities over the mis-selling of mortgage bonds, according to reports. Discussions are understood to be at an advanced stage between the state-backed lender and the US Federal Housing Finance Agency (FHFA), according to reports by Sky News. A settlement is [...]
Opinion: Online agents will ultimately lose you money – because they can’t negotiate on your behalf June 12, 2017 The American president and lawyer Abraham Lincoln once stated that ‘a man who represents himself in court has a fool for a client.’ And as any property developer will tell you, other than finding a dishonest estate agent willing to defraud his client, the best way to buy a house for less than it’s worth [...]
Job cuts? No, artificial intelligence and automation will usher in a new wave of roles, IT bosses say June 12, 2017 Widespread job losses will not be a natural consequence of greater use of artificial intelligence (AI) by UK businesses, research released today by telecoms giant BT suggested. In fact, a third of those polled by BT felt AI and automation said the so-called “Fourth Industrial Revolution”, would have the opposite effect: to create more jobs. [...]
Sterling weakens further as government stance on softer Brexit comes into question June 12, 2017 Sterling has suffered further weakness at the start of this week as investors react to the government’s attempts to outline its Brexit stance after a disastrous election for Prime Minister Theresa May. The pound lost as much as a cent against the US dollar to fall below $1.266, approaching the seven-week lows reached early on [...]