Lloyd’s of London could announce Brexit restructure plans before Christmas September 22, 2016 Specialist insurance market Lloyd's of London is close to announcing whether it is considering relocating part of its operations if the UK loses vital passporting rights as a result of the Brexit vote. Chairman John Nelson told City A.M. he was "hopeful" the UK could strike a deal with the rest of the EU to preserve the [...]
Rolls-Royce shares fall as it nabs new CFO Stephen Daintith from the Daily Mail publisher September 22, 2016 Shares in aerospace and defence company Rolls-Royce fell today after it named the Daily Mail publisher's Stephen Daintith as its new chief financial officer. The move comes as chief executive Warren East enacts a turnaround plan to simplify the manufacturer's overly complicated structure. He recently announced British high-speed rail boss Simon Kirby would be joining as chief [...]
Mark Zuckerberg and wife Priscilla Chan pledge to cure all disease September 22, 2016 Facebook founder Mark Zuckerberg and his wife Priscilla Chan have announced their next big project – probably the biggest challenge they could embark on. The billionaire tech whizz said last night that the next major focus for their charity, the Chan Zuckerberg Initiative, is to help scientists to "cure, prevent or manage all diseases" by the [...]
Brexit fears overshadow latest Lloyd’s of London results September 22, 2016 Insurance behemoth Lloyd's of London has issued another stark warning over the fallout from the UK's vote to leave the EU as its underwriting profits slipped in the first six months of the year. Update: Lloyd's of London's chairman has told City A.M. it will announce whether it will relocate following the Brexit vote The [...]
This new proptech startup wants to help generation rent buy their first home September 22, 2016 Zoopla and top investor Robin Klein are backing a new property technology venture designed to help first time buyers hop on to the incredibly difficult first rung of the property ladder. Wannabe homeowners can invest in a property Isa with Bricklane.com which launches today. Cash will go into a Real Estate Investment Trust (REIT), which will invest in rental [...]
UK car production hits 14-year high in August September 22, 2016 UK carmakers had their best summer for more than a decade, with production climbing on the back of strong demand for new vehicles both at home and overseas. Trade body the Society of Motors Manufacturers and Traders (SMMT) said 109,000 cars were completed in August, nine per cent higher than in 2015 and the highest figure [...]
Start saving: The average cost of a UK wedding has reached a new record high driven by a boom in “mini-moon” breaks and expensive venues September 22, 2016 If you have any weddings left to go to this year you may want to avoid catching the bouquet – unless you have a hefty pile of savings. The average cost of a wedding has reached its highest-ever level, increasing 21 per cent in the last year to a record £25,090, as venue hire and "mini moons" [...]
The UK has wings: Britain second only to Austria for energy drink sales September 22, 2016 The UK has the second highest rate of energy drink sales per head in the world, according to new research out today. Britain comes second only to Austria, the home of Red Bull, new analysis from the International Chair on Cardiometabolic Risk (ICCR) found. Read more: A spoonful of sugar tax can help fizzy drinks go [...]
Sadiq Khan has recruited Margaret Hodge to lead a new Garden Bridge procurement probe, but London Assembly members are questioning the plan September 22, 2016 London mayor Sadiq Khan has recruited the former chair of parliament's public spending watchdog to lead an inquiry into the Garden Bridge project. Margaret Hodge will review whether taxpayers have got value for money from the £185m footbridge, which is being being supported by £60m of public money from Westminster and Transport for London. Among [...]
Tips from business, suppliers and buyers on getting your product noticed September 22, 2016 If there's one thing we’ve learned since Brexit, it’s that the UK’s small and medium-sized enterprises (SMEs) always have big ambitions. No one ever said it was easy. Some of Britain’s largest and most influential businesses started out with nothing but an idea. Often, the most successful had very little initial investment, but made up [...]