Brexit: ‘We will negotiate until the last second’, says Angela Merkel October 17, 2019 Angela Merkel has said Brexit negotiations will continue “until the last second”, and raised the possibility of a “special summit”, in a bid to secure a deal before Halloween. This morning the DUP appeared to scupper hopes of a last-minute breakthrough, saying they could not back the deal as agreed in Brussels “as things stand”. [...]
Profit from purpose: What does it mean to be an ethical leader? October 17, 2019 At a time when the conduct of business leaders is regularly questioned, the concept of ethical leadership matters now more than ever. People are taking to the streets around the world, demanding action on human rights, civil liberties, and climate change. With the public becoming increasingly concerned about environmental, regulatory, and societal issues, these considerations [...]
Relocations rise ahead of Brexit but London will stay ‘dominant’, report finds October 16, 2019 More than 330 financial firms have relocated parts of their business ahead of Britain’s imminent departure from the EU, a new report has found. Hundreds of banks and financial services companies have moved staff or set up new entities in the EU, rising by 23 per cent since a previous report in March. Read more: [...]
London Assembly makes way for police watchdog on Boris Johnson and Jennifer Arcuri inquiry October 16, 2019 Two Greater London Authority inquiries into conflict of interest claims against Boris Johnson have been put on hold after fears it could prejudice a police watchdog investigation. The London Assembly’s Oversight Committee has been investigating Johnson’s links to American businesswoman Jennifer Arcuri while he was mayor. Read more: Boris Johnson stays mum on Arcuri conflict [...]
City of London Corporation accused of politicising its primary council October 16, 2019 The City of London Corporation has been accused by one of its councillors of going beyond its remit and attacking the government in a “political stunt”. The corporation’s Court of Common Council, its key decision making body, approved a motion last week to give its “full and unequivocal support” to the independence of the UK’s [...]
Extinction Rebellion ignore police ban to return to Trafalgar Square October 16, 2019 Extinction Rebellion has returned to Trafalgar Square just days after being evicted by police. The group is holding a people’s assembly at the square this afternoon, many with black tape across their mouths. Read more: Extinction Rebellion protesters block rounds around Bank station A spokesperson for the group said it was to signify a “police [...]
Bank of America trumps estimates despite drop in profits October 16, 2019 Bank of America’s profits slumped almost 20 per cent in the third quarter of this year, but its shares rose on a better-than-expected performance. The lending giant’s share price climbed almost two per cent in premarket trading after three of the firm’s four main divisions posted a rise in revenue. Read more: Banks struggle with [...]
LME to hike fees eight per cent next year October 16, 2019 The London Metal Exchange (LME) is set to hike its trading and clearing fees for the first time in five years in 2020. The historic exchange has said it will raise fees by eight per cent at the start of next year, as its owner, Hong Kong Exchanges and Clearing (HKEX), looks to regain some [...]
Poll: Most Brits want to honour Brexit referendum result October 16, 2019 A majority of people want the UK to respect the Brexit referendum result, according to a new poll. The Comres survey revealed today that 54 per cent of people wanted to respect the Brexit referendum result and leave the European Union, with 32 per cent preferring to remain. Read more: Britain would now vote to [...]
Watchdog launches investigation into Amazon’s Deliveroo investment October 16, 2019 The competition watchdog has launched a probe into Amazon’s investment in food delivery app Deliveroo. The Competition and Markets Authority (CMA) today said it would investigate whether Amazon’s investment would “result in a substantial lessening of competition”. The e-commerce giant led a $575m funding round in Deliveroo in May. Read more: CMA puts brakes on [...]