Sadiq Khan’s new tech-heavy business advisory board will include executives from Facebook, Citymapper and Love Home Swap November 27, 2016 Sadiq Khan will name executives from companies including Facebook, Citymapper and Love Home Swap as part of his business advisory board Monday, according to Sky News. Nearly one-third of the 16-memeber-group work directly in the tech sector, including Nicola Mendelsohn, vice-president of Facebook and head of its European operations. Last week, Facebook announced plans to create [...]
Meet the Edmond de Rothschild asset manager who launched a UK-focused fund just before the referendum (and doesn’t regret it) November 27, 2016 With the European Union referendum just two months away, April 2016 may have seemed like a bold time for a European asset manager to launch a new fund focusing exclusively on the UK – even if it looked like we were headed for a Remain vote. Shares in companies such as ITV, BT, and Marks [...]
The UK’s the fifth most entrepreneurial country in the world November 27, 2016 The UK is better at fostering entrepreneurial talent than nearly every other country in the world, new research reveals, propelled ahead of the US thanks to its finance expertise and favourable policies. The UK ranks fifth behind only Singapore, New Zealand, Denmark and Canada when it comes to creating an environment where entrepreneurs can flourish, according [...]
Bin the pensions triple-lock, or at least lower minimum annual increase, says Tory heavyweight November 26, 2016 Just days after the Chancellor confirmed the pensions triple-lock would be saved, a heavy hitting Conservative MP has once again reaffirmed his desire to have the promise binned. Stephen Crabb, the former work and pensions secretary as well as one of the candidates in the Conservative Party leadership race said that the triple-lock had achieved what was [...]
Compare the (annuity) market: Financial watchdog wants customers to be offered more choice November 25, 2016 The UK's financial watchdog will force annuity providers to tell customers to shop around after it found that 80 per cent of customers would get a better dealing by doing so. The Financial Conduct Authority (FCA) today revealed its own Black Friday push with plans for an "annuity comparator" to help people find out if there [...]
A third of City workers reckon their employers might move abroad because of Brexit November 25, 2016 A third of City workers reckon say their employers might be planning to relocate after the Brexit vote, a new study has found. The survey, by Morgan McKinley, found 31 per cent of those in the Square Mile believe their bosses either definitely are or might be moving parts of their business abroad. Just under [...]
Businesses must act now to avoid a cyber-security skills deficit November 25, 2016 An unnamed 17-year-old computer hacker from Devon has now pleaded guilty to seven charges under the Computer Misuse Act for hacking the British telco TalkTalk earlier this year. Unfortunately he is not alone. He is just one example of tech-savvy teens in need of guidance. Safeguarding critical systems and networks is becoming more important for businesses [...]
The sky’s the limit for Skyscanner November 25, 2016 | City Talk "Be not afraid of growing slowly, be afraid only of standing still." This Chinese proverb strikes a chord more than ever with Skyscanner. Yesterday's news that the Scottish 'unicorn' was bought by Chinese firm CTrip for £1.4 billion, proves the Scottish tech industry is full of Eastern Promise. With over 161,000 people employed in more than 10,000 technology and engineering [...]
Early-stage businesses could rake in £25bn next year from retail investors, who want more risk and higher returns November 25, 2016 Early-stage companies could be raking in a combined £25bn from individual investors in 2017, a new report has estimated. Retail investors are planning to take more risks next year and may be looking to early-stage companies for higher returns, according to an analysis of the sentiment and expectations of 1,000 retail investors by crowdfunding platform SyndicateRoom. [...]
Fine wine investment has leaped since Brexit: These vintages will give you the biggest return on investment November 24, 2016 The market for wine investment has risen 20 per cent in the year to date, boosted by the Brexit vote, a new report has suggested. With uncertainties in traditional markets caused by the vote to leave the European Union, investors wanting to capitalise on weak sterling are looking for alternatives. Read more: It's happening: Majestic Wine is now offering next-day [...]
