Atlantic Crossing: What should be on the UK’s trade deal wishlist? February 2, 2020 Now that Brexit has become reality, the United Kingdom can use its newfound independence by negotiating an ambitious free trade agreement with the United States. Such an agreement can deepen commercial ties between two longtime allies, not only in goods trade but also in financial services and the movement of people. Outside the European Union, [...]
France 24-17 England: Four things we learned as Les Bleus dazzle in Six Nations opener February 2, 2020 If France were seeking a performance to answer sceptics who suspected their latest fresh start might prove another false dawn, then this resounding Six Nations defeat of England ought to silence most. Les Bleus married their trademark attacking flair with uncharacteristically resolute defending as they swept into a 24-0 lead on Sunday at the Stade [...]
RBS finalising plans for bonus pot of £305m for 2019 February 1, 2020 Royal Bank of Scotland (RBS) is set to pay out a reduced bonus pot of just over £300m for 2019. RBS and its majority shareholder, which is the government with a 62 per cent stake, has agreed a bonus pool worth around £305m for last year, according to Sky News. It would be the lowest [...]
Elon Musk just released an EDM track on Soundcloud January 31, 2020 Elon Musk has never been afraid of exploring new territory and has today released his first electronic dance music (EDM) track The Tesla boss has titled the song “Don’t Doubt Ur Vibe” and changed his Twitter handle to E “D” M. Musk shared a teaser of himself in the studio before releasing the track shortly [...]
Nationwide suffers payment glitch leaving customers unable to pay bills January 31, 2020 A glitch has left Nationwide customers unable to transfer money or pay bills on the final day of the month. The building society has said that all payments are currently being held in a queue. They are yet to confirm how long they will take to be sent. It has left customers frustrated and worried [...]
Sir Jim Ratcliffe’s Ineos to become Mercedes F1 sponsor January 31, 2020 Business tycoon Sir Jim Ratcliffe’s Ineos will become a sponsor of Mercedes’ Formula One (F1) team in time for the new F1 season in March. According to the Financial Times, the deal, which is reported to be around £20m a year, is likely to be announced in weeks. The agreement means that reigning world champion [...]
Profit jumps at Hargreaves Lansdown despite Woodford scandal January 31, 2020 Profit before tax at investment platform Hargreaves Lansdown climbed 12 per cent in the first half of its financial year to hit £171m. Net new business fell nine per cent to £2.31bn in the six months to 31 December compared to the same period the previous year. Total assets under administration grew 22 per cent [...]
Sadiq Khan interview: The London mayor talks tech tax, Brexit, Labour and Uber January 30, 2020 There can be no doubt that last year’s General Election redrew Britain’s political landscape. But for an example of just how different things have become, consider that next week a Labour mayor of London will warn a Tory chancellor against imposing new taxes on multinational tech giants. Sadiq Khan tells me he enjoys a good [...]
Deloitte fined £1.8m and reprimanded over Comet administration failures January 30, 2020 Big Four accountancy firm Deloitte was today ordered to pay a fine and costs of £1.8m and “severely reprimanded” by regulators in connection with the administration of retailer Comet in 2012. Professional body the Institute of Chartered Accountants in England and Wales (ICAEW) said today that Deloitte failed to comply with its code of ethics [...]