Premier League most active user of High Court in attempt to crackdown on copyright breaches June 17, 2019 Football and music bodies are the most active users of the UK High Court as they try to crack down on copyright breaches, research published today shows. The organisation that brought the most claims to the High Court last year was the Premier League, with 36 claims in the year to 31 March. The Performing [...]
Total paid out for mis-sold PPI more than £35bn as deadline for claims approaches June 17, 2019 The Financial Conduct Authority (FCA) has today warned consumers the deadline for complaints about mis-sold payment protection insurance (PPI) is in two months. According to figures released today, the FCA has had more than 3.9m users access the PPI website and 44,000 calls to their contact centre. The FCA has enlisted the help of celebrities [...]
British Chambers of Commerce slashes UK 2020 growth prediction June 17, 2019 The British Chambers of Commerce (BCC) has today slashed its prediction for growth in the UK economy in 2020, blaming a slump in business investment and the unwinding of Brexit stockpiling. Read more: Pound falls as UK economy shrinks 0.4 per cent in April Growth in 2020 is now expected to be just one per [...]
Shanghai-London stock market connection finally launched June 17, 2019 The long-awaited London-Shanghai Stock Connect that links the two markets has been launched today, letting UK and Chinese companies sell shares on each others’ stock markets in a pioneering scheme. Read more: HSBC confirms it is exploring Chinese listing via new London-Shanghai link It marks the first time any foreign company will be able to [...]
City Moves for 17 June – Who’s switching jobs? June 17, 2019 Today’s City Moves includes Cushman & Wakefield, Wavemaker and Stenn International. Cushman & Wakefield Cushman & Wakefield has appointed Greg Mansell as head of UK research and insight, based in London. Greg joins the firm with more than 10 years’ experience researching and forecasting global real estate markets. Most recently, Greg has run his own [...]
Vodafone taps up Onecom for partner deal June 16, 2019 Onecom has today announced a deal with Vodafone UK – the telecoms giant’s largest ever signed partnership – which will allow the two to reach combined business of £600m over the next five years. Following a £30m funding deal with HSBC last month, Onecom said its deal with Vodafone aims to deliver more than £100m [...]
Tech jobs in London rise by almost two thirds June 16, 2019 Jobs in London’s blossoming tech sector have risen by 60 per cent since 2010, as the number of roles in the capital reach 533,000. Figures from the Office for National Statistics revealed there have been 1,000 more tech sector jobs created on average every week in the last five years. Read more: Surge in demand [...]
Group behind Canary Wharf launches bid for transport giant Arriva June 16, 2019 Brookfield Asset Management, the investment vehicle behind Canary Wharf, has launched a bid for transport giant Arriva. It is understood that the German rail giant is seeking between £4bn-£4.5bn for Arriva, which was put up for sale by owner Deutsche Bahn in March in a bid to reduce its €20bn debt pile. Read more: Arriva [...]
Labour mulls new tax on parental gifts that could raise £15bn June 16, 2019 A report commissioned by the Labour Party has recommended replacing inheritance tax with a lifetime tax on all gifts from parents to their children above £125,000. The new tax could raise £15bn in 2020-21, £9.2bn more than the current inheritance tax system. Under the proposals, tax would be levied on gifts received above a lifetime [...]
Rory Stewart makes ‘offer’ to work with Nigel Farage to deliver Brexit June 16, 2019 Tory leadership hopeful Rory Stewart has said he would work with Nigel Farage’s Brexit party to ensure that Britain’s withdrawal from the EU is delivered. The international development secretary, who is one of five candidates jostling to replace Theresa May as leader, told Farage that parliament “has to find a route” to deliver Brexit. “Which [...]