Facebook to increase workforce diversity in London offices September 12, 2019 Facebook has partnered with a London non-profit organisation in a bid to increase the diversity of its workforce. The tech giant will today announce a partnership with Colorintech, in which Facebook will commit to increasing the number of applicants and hires in Europe from under-represented groups. It comes after Facebook said in a diversity report [...]
Hong Kong stock exchange share price dips in wake of £32bn offer for LSE September 12, 2019 The Hong Kong stock exchange’s share price dipped this morning as investors reacted to the group’s shock £32bn offer for its London counterpart. Shares in Hong Kong Exchanges and Clearing (HKEX) fell 3.5 per cent during trading today, underlining doubts in the market over the unprecedented bid to buy the LSE and “redefine global capital [...]
DEBATE: Has Apple lost its touch with the iPhone? September 12, 2019 With the launch of the new iPhone 11, has Apple lost its touch? YES, says Asad Hamir, founder of Klyk The launch of a new Apple product used to generate a cult-like following. Now, the improvements are so small and the competition is so fierce that you don’t see the queues at Apple stores for [...]
Heathrow passengers ‘pay higher fares’ thanks to British Airways dominance September 12, 2019 Heathrow passengers could be paying as much as 10 per cent more on fares because they lack an alternative to flying with British Airways, a new study has found. British Airways’ parent company IAG currently operates over half of all take-off and landing slots at Heathrow. The next largest groups are Lufthansa, which controls eight [...]
Hong Kong’s bid for London Stock Exchange whips up a storm September 11, 2019 A blockbuster plan to merge the London Stock Exchange with its Hong Kong counterpart faces an uphill battle after being met with scepticism from politicians and investors alike today. Read more: Hong Kong bourse proposes merger with LSE Hong Kong Exchanges and Clearing (HKEX) shocked the City this morning after revealing a surprise £32bn bid [...]
Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels September 11, 2019 Tube drivers have threatened disruption on four London Underground lines after voting overwhelmingly in favour of industrial action in a dispute over noise levels. Drivers who are members of the RMT rail union voted by over 95 per cent in favour of industrial action in a ballot covering the Jubilee, Central, Northern and Victoria Lines [...]
Scottish court rules parliament suspension unlawful September 11, 2019 The Prime Minister’s suspension of parliament has been ruled unlawful by judges at Scotland’s highest civil court. Appeal court judges, chaired by Lord Carloway, Scotland’s most senior judge, overturned an earlier ruling that the courts did not have the powers to interfere in Boris Johnson’s decision to prorogue parliament. Read more: Boris, Brexit and the backstop: What [...]
Government unveils scheme to keep foreign students in Britain September 10, 2019 The government will today reveal new plans allowing international students to stay in the UK for two years after they finish their course. The initiative let graduates work, or look for work, at any skill level. Business groups have been calling for the move as part of a more liberal migration policy. Post-study visas were [...]
British Airways pilots threaten further strikes unless stalemate is broken September 10, 2019 British Airways pilots are threatening further strike action if the current pay row with the airline is not resolved. The British Airline Pilots’ Association (Balpa) union has called on BA to engage in further talks to avert the planned strike on 27 September. Read more: Shares in British Airways owner IAG bounce as strike enters [...]
How does geopolitics impact investment returns and what can you do about it? September 10, 2019 | City Talk Geopolitics can significantly impact investment returns; whether it’s trade wars, actual wars, populist politicians or terrorist attacks. And as we discussed earlier this year in our “Inescapable investment truths for the decade ahead”, geopolitical risks are on the rise and will play a major role in the years to come. So, what does this mean [...]