Moody’s says UK banks don’t need EU passporting rights September 19, 2016 Leaving the EU Single Market and losing passporting rights would be far from a disaster for the City of London, leading analysts at Moody's have found. The new research comes amid ongoing wrangling between the UK and Europe, between government ministers and across different industries all competing to put their views about what deal Theresa May should [...]
Canada issues vote of confidence in London’s future with new export hub September 19, 2016 Canada is to open a brand new trade hub in London this week in a big vote of confidence in the capital's post-referendum economy. Export Development Canada (EDC), the Canadian government's official export support service designed to help its firms crack in to new markets and win investment from around the world, will launch its second European operation at [...]
Lloyd’s of London cyber risk report: 97 per cent of UK businesses have experienced a data breach in the last five years September 19, 2016 UK firms have fared worse than companies in other major European economies on the cyber security front in recent years. According to new data from Lloyd's of London, 97 per cent of UK firms have experienced a data breach in the last five years, against an average of 92 per cent of firms across Europe. Firms [...]
Downing Street looks to have snubbed a Boris Johnson-backed campaign to recommission the royal yacht for Brexit trade talks September 19, 2016 Downing Street has snubbed a fledgling campaign to recommission the Royal Yacht Britannia for trade talks in the aftermath of the UK's Brexit vote. This weekend the Telegraph reported that dozens of MPs were backing its call for the yacht to be brought out of retirement. In an editorial, the paper said the yacht had [...]
Kingsfisher is looking for a new London headquarters September 19, 2016 Kingfisher is looking for a new London headquarters, it has emerged, which is set to boost the commercial property market after the difficulties facing the sector following the Brexit vote. According to the Telegraph, the retailer behind B&Q and Screwfix is looking for a HQ of 300,000 square feet, and has appointed Cushman & Wakefield to find the [...]
Stride Gaming share price rises as online bingo group hits the jackpot and profits forecast to rise nearly two-thirds September 19, 2016 Online bingo group Stride Gaming's stock shot up more than 12 per cent this morning on news that the company's full-year profits will be above expectations and rise by almost two-thirds. Stride Gaming is anticipating a full house for the year ended 31 August, with net gaming revenue up 69 per cent to "not less [...]
US tech leaders still ❤ London, even after Brexit September 19, 2016 Entrepreneurs and tech leaders in the US still have an eye for London as the transatlantic special relationship continues to flourish despite the looming prospect of Brexit. The capital still tops their list as the top tech hub in Europe and the best place from which to build business across the continent, a new survey of more than [...]
Labour leadership: Channel 4 Dispatches goes undercover in Jeremy Corbyn supporters group Momentum September 19, 2016 A documentary set to air tonight will provide an undercover look at Momentum, the grassroots group of supporters backing Labour leader Jeremy Corbyn. Channel 4 said Dispatches has discovered "a number of hard left revolutionaries inside and influencing Momentum, one of whom advocated a “flood” into the Labour Party and others that want to oust anti-Corbyn MPs [...]
Here’s how to get Facebook and Google to talk like pirates everyday September 19, 2016 “It's that time in September when sea dogs remember that grown ups still know how to play”. Yesterday, 19 September was International Talk Like a Pirate Day. What is International Talk Like a Pirate Day? Founded by John Baur (Ol' Chumbucket) and Mark Summers (Cap'n Slappy) to keep the pirate language and tradition alive, it went international [...]
Govia is embarking on a timetable shake-up to win back support from disgruntled passengers September 19, 2016 Govia Thameslink Railway is planning a timetable shake-up with the aim of providing new connections and faster journeys. Govia has been beset by problems recently due to a dispute with train guards on its Southern railway service, but is now trying to win back customer loyalty with its plans for new services. Read more: A (partial) defence of [...]