London is still number one for fintech – and now we’re going global September 6, 2016 Ten weeks on from Brexit, the City is back to business following the summer, and the fintech community is as busy as ever working through its plans for an ever-changing world. While the uncertainty of Brexit may loom for some time, London is still the number one fintech hub on the planet. We have created [...]
The IMF’s Brexit failures were the final straw: It’s time to scrap these inept pundits September 6, 2016 Sports fans will all be familiar with the commentator who almost always gets things wrong. “Arsenal are very much on top here” he – it is invariably a “he” – will pronounce, or “Root is looking very settled”, only for the opposition to score a goal immediately and for the Yorkshireman to be clean bowled. [...]
Sadiq Khan approved a new 10,000 home development in Barking, but it will only include 35 per cent affordable properties at the outset September 6, 2016 London mayor Sadiq Khan has handed approval to a new development of 10,000 new homes on the northern banks of the River Thames. Khan offcially backed the plans for Barking Riverside, a 180-hectare brownfield site, the largest single regeneration project in London, previously home to three power stations and landfill. The site will be owned [...]
Christian Eriksen signs new Tottenham contract and sets sights on finishing in top two September 6, 2016 NULL
Alternate lender goes mainstream with banking group membership September 6, 2016 The alternative loans market has become a little more mainstream after one lender was made a member of the British Bankers’ Association (BBA) for the first time. Just Loans Group – founded in 2012 – has become the first alternative commercial lender to become an associate member of the trade body. The BBA is the [...]
Three calls for cap on mobile spectrum sales September 6, 2016 Mobile carrier Three has called on the telecoms regulator Ofcom to limit how much of wireless spectrum companies can buy. Three – still reeling from its planned merger with O2 being blocked by the European competition watchdog earlier this year – slammed Ofcom for allowing industry heavyweights Vodafone and the recently combined BT and EE [...]
Bayer’s share price jumps two per cent as shareholders react to news of “advanced” Monsanto talks September 6, 2016 Bayer’s share price jumped two per cent today after the company announced it was in “advanced” talks to acquire US seeds firm Monsanto. The German chemicals giant’s bid now stands $127.50 per share, or around $65bn (£49bn). This is an improvement on previous offers of $122 and $125, which have been rejected by Monsanto. But [...]
Aiming high: Junior market hits £80bn milestone September 6, 2016 The Alternative Investment Market (Aim) soared over the summer, taking its combined market cap to £80bn at the end of August. The UK's junior market, which is designed to attract smaller companies to go public, climbed by 3.4 per cent in August. Combined with a sprinkling of new listings, the rise helped the index pass [...]
Silverstone boss Paul Allen confirms his departure but denies allegations over Lawrence Tomlinson bid September 6, 2016 The British Racing Drivers' Club (BRDC) has confirmed a City A.M. report last month that a senior executive at the iconic Silverstone motor racing circuit has stepped down. The BDRC said today it had agreed with Patrick Allen, the managing director of Silverstone, it was "time to put a permanent management team in place". Read more: The Abarth 124 Spider is [...]
Andrew Tyrie blasts banks as they come clean on overdraft fees September 6, 2016 Influential Tory backbencher Andrew Tyrie has blasted UK banks for their bewildering array of overdraft fees and charges and called for customers to be given more information about their accounts. Tyrie, who chairs the Treasury Select Committee (TSC), also criticised recent proposals from the Competition and Markets Authority (CMA) to encourage customers to switch bank accounts. [...]