Entrepreneurs need a free market, not student loan giveaways from Jeremy Hunt June 28, 2019 Entrepreneurs are a frequent component of a politician’s stump speech. MPs love to boast about their regard for job creators. Regardless of which end of the political spectrum you’re on, if you put any importance on healthy economic growth, you know that these people are vital to our success. But for all the lip service [...]
Businesses are becoming better corporate citizens, so why is public perception lagging behind? June 28, 2019 When I left politics for business two decades ago, it was taken for granted that those who ran the country would be held more accountable than those who ran our companies. Today, in many cases, levels of scrutiny on business now seem more intense. Leave aside the fact that conduct and persistent policy failures which [...]
City Moves for 28 June – Who’s switching jobs? June 28, 2019 Today’s City Moves includes Nomura, KPMG and City A.M. Nomura Nomura Asset Management has announced Ben Sackitey has joined the Europe, Middle East and Africa (EMEA) distribution team as business development director, focusing on UK wholesale, having previously spent seven years at Jupiter Asset Management. He will be supporting Nomura UK’s strategy to develop its [...]
London City Airport is grounded in sustainability June 28, 2019 Despite the political and economic uncertainty, London is continuing to grow and is expected to remain a major global city for business and tourism. London’s population has increased every year since 1988 and currently stands at almost 9m. Brexit may have cast a temporary cloud over London’s short-term prospects, but new corporate offices are still [...]
UK consumer confidence slumps in June June 28, 2019 UK consumer confidence slumped again this month as the public took a negative view of their personal finances and the economy. The overall index score for consumer confidence dropped by three points to -13 for fourth time this year in June. The score was down four places year-on-year. Read more: UK consumer confidence holds up [...]
Losses jump more than 50 per cent at digital bank Monzo June 27, 2019 Losses at digital bank Monzo widened to £47.2m last year, its annual report published today shows. Losses increased 54 per cent from £30.5m the year previously. Personnel expenses for the year ended 28 February jumped to £25.6m from £9.2m in 2018. This reflects the company’s expansion, with more than 400 staff spread across its offices [...]
Jeremy Hunt tells Boris Johnson to stop getting Brexit facts wrong in blistering letter response June 27, 2019 Jeremy Hunt has accused Boris Johnson of getting important facts wrong in a searing attack on his Conservative leadership rival. The foreign secretary has sent a letter to Johnson accusing him of not being straight with people over Brexit, and reiterated his challenge of a head-to-head debate before ballot members in the leadership contest go [...]
Getting a better deal for the consumer? That’s music to my ears June 27, 2019 It’s hard to recall now how long we’ve been hearing that the music industry is changing: in flux, in transition, in crisis, most recently in the development of reliable music streaming; like any other industry, the music business is always on the lookout for the next big thing, the opportunity to get in at the [...]
TfL revises junk food ad ban after rules spark confusion June 27, 2019 Transport for London (TfL) has overhauled the guidelines for its junk food advertising ban after critics slammed it as “absurd” and “confusing”. TfL has been forced to clarify the details of its new ban, which is aimed at tackling childhood obesity, just four months after it was brought into force. Read more: Critics slam ‘absurd’ [...]
Police find ‘nothing suspicious’ on jet after emergency Stansted landing June 27, 2019 Police have found nothing suspicious on board a passenger jet that made an emergency landing at London Stansted Airport over a bomb threat hoax. The landing took place just before 10.30am today after two RAF Typhoons escorted the Air India B777 Flight 191 to Stansted. The bomb threat turned out to be a hoax, with [...]