Speedy CBRE team crush the corporate competition in Tower 42’s Vertical Rush March 10, 2016 TV personalities may have won the adrenalin fuelled race to the top of Tower 42 earlier this week, but one City firm also rose to the challenge. Five members of staff from real estate advisor CBRE were crowned champions of the annual Vertical Rush challenge on Wednesday. The sprint up every floor of Tower 42, precisely 920 steps, is about [...]
Palatinate’s shareholder Frankie Dettori races to meet travel industry elite ahead of Cheltenham Festival March 10, 2016 To Sexy Fish, where luxury holiday maker Palatinate Group held its 10th anniversary celebrations ahead of next week's Cheltenham Festival. The great and good of luxury travel came out to toast Palatinate’s 10th birthday, from execs at lastminute.com to three-time champion jockey Frankie Dettori, who has just bought a stake in the company. The firm’s founder [...]
Businesses and law enforcement must work closer together to stamp out cyber crime, warn cyber security experts March 10, 2016 Cyber crimes could be better prevented and dealt with if businesses and law enforcement worked closer together, a panel of cyber security experts has urged this evening. Esther George, author and former senior policy advisor for the Crown Prosecution Service, told a roundtable event hosted by access rights management consultancy 8Man: "If [businesses] would share some of [...]
Chinese investments into Europe and United States reach record high in 2015 – but UK levels dip 35 per cent March 10, 2016 Chinese investment into Europe hit record levels last year – but dipped in the UK, according to a new report. Foreign direct investment (FDI) from China totalled $23bn (£16bn) in Europe in 2015, according to Baker & McKenzie research. On the other side of the Atlantic, last year marked a record for Chinese FDI into [...]
Here’s the outlook of UK tech startups right now – and how they feel about Brexit, business confidence and hiring talent March 10, 2016 More UK tech startups are now worried that Brexit will be bad for business as the referendum on Britain's membership of Europe inches ever closer. In a comprehensive new survey of startups in the UK by Silicon Valley Bank (SVB), 70 per cent believe Brexit will have a negative impact on their businesses, a rise on the 64 per cent [...]
Battersea Power Station developers submit plans to change hotel into more homes March 10, 2016 The developers behind Battersea Power Station plan to turn a part of the development that was previously set aside for a hotel into extra homes. Battersea Power Station Development Company (BPSDC) has submitted a plans to Wandsworth Council for change of use, in a move that would create an extra 409 flats across the 42-acre site. The plans show that around 26,379 square metres [...]
Standard Bank talks up “buoyant” 2016 African landscape for M&A March 10, 2016 Africa’s landscape for mergers and acquisitions (M&A) is "buoyant” and there are more opportunities in the continent than ever before, according to South Africa-based Standard Bank. “There has been an increase in M&A activity, especially in East and West Africa, as European multinationals search for opportunities to counter slowing growth at home," said the bank's [...]
An ex-Ofcom employee stole commercially sensitive data about the UK’s major TV broadcasters – and then offered it to one of them March 10, 2016 Ofcom has admitted that a former employee stole data from the regulator exposing commercially sensitive information about the UK's biggest TV companies. The ex-employee, having left Ofcom, joined one of those TV companies – and offered the information to their new employer, bringing the theft to light, City A.M understands. Ofcom was made aware of the theft two weeks ago [...]
Apple announces new iPhone and iPad event for 21 March March 10, 2016 Apple has sent out the invitations to an event on 21 March, where it is expected to unveil a new generation of the iPad and a smaller version of the iPhone. According to sources the new iPhone will look similar to the iPhone 5s, but will contain updated components. Apple's event will be held the [...]
Mario Draghi’s big guns: Here’s everything you need to know about the ECB’s TLTRO II programme March 10, 2016 Shares in European banks shot up today after the European Central Bank (ECB) announced a new round of bank lending measures, known as targeted longer-term refinancing operations, or TLTROs to their friends. This is the second round – so naturally it's known as TLTRO II. ECB president Mario Draghi called TLTRO "loans to banks and additional incentives to [...]