Automotive and tech firms are poaching each other’s talent to pull ahead in the driverless car race October 3, 2016 Automotive and IT firms are poaching each other’s talent in a bid to nudge ahead in the driverless car race, according to research by CPA Global. Its analysis found that more than 20 patent inventors have made the switch from automotive to IT companies or vice versa since 2008, with Google’s self-driving car programme serving [...]
Brexit fundamentalists have destroyed the Tories’ reputation as the party of business October 3, 2016 The Conservatives used to pride themselves on being the party of business. Now that legacy is being turned on its head, as Theresa May moves closer towards a disastrous hard Brexit that would send Britain hurtling out of the Single Market. While businesses clamour for an end to the huge uncertainty they face, the government [...]
It’s all coming up roses as Baring Asia buys Cath Kidston October 3, 2016 Cath Kidston, the brand which put such English country staples as cabbage roses and polka dots in kitchens across the UK, is about to take on a decidedly Asian flavour, after Baring Asia took a controlling stake. Reports suggested Baring has bought a stake owned by US private equity firm TA Associates, giving it a majority shareholding. [...]
Travel chaos for commuters as power failures shut down several Tube stations October 3, 2016 Local power failures have meant King's Cross, Regent's Park, Euston and Warren Street stations were shut just as many commuters began to pack up for the day. Transport for London said local issues had caused the stations on several different Tube lines to be shut shortly after 4pm today. https://twitter.com/respros/status/782970566588395520 The two mainline stations – King's Cross and [...]
This is London First’s new chief executive October 3, 2016 London First has today announced former Save the Children International boss Jasmine Whitbread will be joining as its new chief executive. Whitbread, who has also held management positions at Thomson Financial and Rio Tinto and is a non-executive director of BT and Standard Chartered, will succeed Baroness Jo Valentine when she steps down at the end of the year. "Jasmine brings an [...]
Clinton has Mylan and Wells Fargo in her sights with plans to target “bad corporate actors” October 3, 2016 US presidential candidate Hillary Clinton is set to go after "bad corporate actors", she's expected to say in a speech later. The Democratic hopeful plans to make it easier for consumers to take legal action against the likes of Wells Fargo and Mylan, who have recently both had run ins with regulators and corporate watchdogs. According [...]
EU restarts anti-competition investigation into the Dow Chemical-DuPont merger October 3, 2016 EU competition regulators restarted their investigation into the $130bn (£101bn) merger of US chemicals giant Dow Chemical and DuPoint after the companies provided key data. The EU Commission added it will now decide whether to approval the mega-deal by 6 February, however this deadline could be pushed back again. Commission spokesman, Ricardo Cardoso, confirmed in an email to Reuters that the [...]
This former Apprentice contestant wants to invest £150,000 in a homeless person’s business idea October 3, 2016 It's unlikely it would set Lord Alan's world alight – but one of his former Apprentices has decided to do his bit by creating what he calls a "Homeless-Preneur". Raj Dhonota, who was a contestant in the first series of The Apprentice back in 2005, said he has £150,000 to invest in the business idea of one homeless person [...]
Back down it goes: Deutsche Bank share price drops in US October 3, 2016 Deutsche Bank's US-listed shares have fallen three per cent, just hours after the market opened. Shares in the German bank plummeted last week, after various reports emerged doubting Chancellor Angela Merkel's appetite for state assistance, despite the lender facing a potential $14bn (£10.8bn) fine from the US Department of Justice (DoJ) for mis-selling mortgage-backed securities. However, [...]
Fitch issues latest warning on economic damage of protectionism October 3, 2016 The US is set to grow at its slowest pace since the financial crisis this year, as the global economy falters in the face of historically loose monetary policy and the rise of protectionist forces. Ratings agency Fitch is the latest to flag concerns over the lacklustre performance of the world's largest economy, with a hefty downgrade [...]