Tube delays: Commuter misery as signal failure strikes Underground with severe delays April 18, 2019 Commuters faced a horrid journey to work this morning as signal failures led to chaos on multiple Tube lines. Read more: Protesters glue themselves to train at Canary Wharf station Severe delays and suspended lines affected the Circle Line, District Line, Metroplolitan Line and Hammersmith & City Line today following a signal failure at Aldgate. [...]
Peer-to-peer lender Funding Circle’s loans under management soar to record highs April 18, 2019 Peer-to-peer lending platform Funding Circle saw loans under management soar to record highs in the first three months of this year, the firm announced today. Loans under management grew 44 per cent to £3.4bn compared to £2.3bn in the first quarter of the previous year, and revenue growth soared by 40 per cent. Read more: [...]
Business lobby groups slam competition watchdog’s calls for radical audit reform April 18, 2019 Business lobby group the CBI said reforms to the audit sector proposed today by the competition watchdog could “undermine confidence in corporate Britain”. The Competition and Markets Authority (CMA) today called for the Big Four accountancy firm’s audit arms to be split from their non-audit arms with separate profit pool and management in a major [...]
City Moves for 18 April 2019 – Who’s switching jobs at VGC Partners, TFoil and Lilium? April 18, 2019 Today's City Moves includes VGC Partners, TFoil and Lilium. VGC Partners London-based growth capital investor VGC Partners has appointed Andrew Lister as investment and portfolio director as the firm looks to invest from its £50m Fund II in high-growth consumer, media and technology businesses. Andrew joins from Marlin Equity Partners, where he spent over three years [...]
Radical climate protestors are beginning to resemble a cult April 17, 2019 Climate change is not a fringe issue, nor is it suffering as a topic from a lack of attention. It is taught in schools and debated extensively in the media. It occupies a central position in policy-making and increasingly commands the attention of businesses and the investment community. The governor of the Bank of England, [...]
Government in email gaffe amid plans for new pornography age checks April 17, 2019 The government was embroiled in a data breach blunder today hours after setting out its own privacy laws over pornography age verification checks. Culture minister Margot James insisted privacy around porn checks will be secure despite a press release regarding the new laws exposing hundreds of email addresses when it was sent out to journalists [...]
Sticky situation: Protesters glue themselves to Jeremy Corbyn’s fence April 17, 2019 Four particularly plucky protesters have glued themselves to a fence outside the house of Labour party leader Jeremy Corbyn this afternoon. Images of activists attached to the leader of the opposition’s front fence surfaced on social media this afternoon, in the latest move by protesters at the Extinction Rebellion demonstrations in London. https://twitter.com/mrmatthewtaylor/status/1118518018856894464 Read more: [...]
US trade deficit shrinks as exports to China surge April 17, 2019 The US trade deficit narrowed again in February, the government said today, reaching its lowest figure in seven months as the Trump administration continues to wage tariff wars around the globe. Read more: EU trade in goods surplus with US increases as economic tensions rise The goods trade deficit with China decreased by 28 per [...]
Yougov polls points to EU election victory for Farage’s Brexit party April 17, 2019 Nigel Farage's newly formed Brexit party is on course to win next month's contentious EU elections after a new poll put them on 27 per cent of the vote. Read more: Brexit party: Nigel Farage launches new pro-Leave political group A Yougov poll for has put Farage's party in the top spot, five points ahead of Labour and [...]
Morgan Stanley shares climb as results beat expectations despite ‘slow’ start to the year April 17, 2019 Morgan Stanley shares have climbed after the US bank posted better-than-expected results in its fixed income trading and wealth management divisions. The bank reported $2.43bn profit in the first quarter of the year, beating expectations despite falling from $2.67bn the previous year. Read more: Morgan Stanley trading revenue hit by sharper fall than peers Fixed [...]