British Steel’s French site up for sale separately to Jingye deal December 5, 2019 The Chinese buyers of British Steel have reportedly been left “furious” as it emerged that the failed steelmaker’s French factory is for sale separately from the rest of the company. Last month China’s Jingye struck a deal to buy the whole of the collapsed manufacturer, with the firm to pay about £50m to take over [...]
AJ Bell profit rises a third as firm completes record year December 5, 2019 AJ Bell’s first year as a publicly listed company was the most profitable ever for the broker and online trader, with profit rising nearly a third. Read more: AJ Bell reports growth in customers and assets under administration The figures Revenue at the investment platform rose 17 per cent in the year, up to £104.9m [...]
General Election: Boris Johnson sets out 100-day plan as polls predict Tory win December 5, 2019 Boris Johnson has pledged to deliver Brexit, slash taxes in a new Budget and give a boost to healthcare in the Tories’ first 100 days as a majority government if he wins the General Election. The Prime Minister said only a Conservative victory would allow the country to end its Brexit uncertainty, while he has [...]
The right way for your business to deliver bad news December 5, 2019 Every business has to deliver bad news from time to time — whether it is a delay, a data breach, or a price hike. Of course, these can be tricky situations to navigate. It’s easy to sound good when you’re telling people about the wonderful products and services that you offer. It’s much harder when [...]
TfL bans hundreds of minicab drivers in crackdown December 5, 2019 Transport for London (TfL) has banned hundreds of minicab drivers on the back of an investigation into schools fraudulently offering licences. It was revealed in November that the transport regulator was investigating Vista Training Solutions in Newham and all other centres offering Business and Technology Education Council (Btec) diplomas that can be used to gain [...]
City Moves for 5 December – Who’s switching jobs at Rivercrowm, Cashflows and Cromwell? December 5, 2019 Today’s City Moves includes Rivercrowm, Cashflows and Cromwell Rivercrown Rivercrown has appointed Charles Archer to lead its debt investment management team, with responsibility for originating, underwriting, execution and loan asset management of real estate debt opportunities in the UK and Europe. Charles, who joins as a director, will oversee the European Credit Opportunities Vehicle — [...]
Why another property fund freeze was inevitable December 5, 2019 Why does it feel like we have been here before? Well, it’s because we have. It wasn’t that long ago when thousands of investors in property funds flocked to the exit door after the referendum, forcing several major asset managers to temporarily block withdrawals. So cue the deja vu when M&G yesterday suspended trading in [...]
Society doesn’t need any more unicorns December 5, 2019 In 2016, an American healthtech startup named Theranos completed what would be its final funding round, raising a jaw dropping $700m in investment. Just two years later, the company collapsed after a sensational scandal. The story of Theranos is bizarre. At one point, its paper valuation exceeded $9bn, and when the scandal broke, its founder [...]
Does Labour’s pledge to cut rail fares make sense from a social mobility perspective? December 5, 2019 Does Labour’s pledge to cut rail fares make sense from a social mobility perspective? Grace Blakeley, economics columnist at the New Statesman, says YES. Many have pointed out that middle-earners are most likely to use trains, but few analyse why. First, trains around London are too expensive for many commuters, meaning that they are forced [...]
We cannot afford to be timid about calling out the threat of radical Islam December 5, 2019 Once more, the spectre of terrorism has come to impact upon the daily lives of those living and working in our capital city. Last Friday’s London Bridge attack was sadly unsurprising in terms of its occurrence, although that in no way diminishes its horror. Two young graduates, Jack Merritt and Saskia Jones, were cut down [...]