Article 50 Brexit Bill has been made law after Queen grants royal assent March 16, 2017 Article 50, which will give Theresa May the power to begin the process of leaving the EU, has been granted royal assent. This means the Queen has formally approved the Brexit bill and has made it law. Following the announcement that Article 50 is now law, sterling fell against the dollar, and is now down [...]
Jupiter Asset Management chief executive Maarten Slendebroek plays down M&A rumours March 16, 2017 Jupiter Asset Management chief executive Maarten Slendebroek last night played down rumours it could become involved in anticipated industry consolidation. The recent Aberdeen Asset Management-Standard Life deal led to suggestions that there could be a flurry of mergers and acquisitions (M&A) activity in the fund management area. Read more: Standard Life-Aberdeen deal expected to spark [...]
Brexit will benefit the City if transitional periods are kept to a minimum, finds new report authored by Brexiteer academic March 16, 2017 Brexit might be the City of London's golden ticket, provided transition periods are kept as short as possible, according to a new report penned by a Brexiteer academic. "Transitional arrangements will also depend on the degree of co-operation from the EU27," read the report from Professor David Blake of Cass Business School, who is also a member [...]
Business Committee launches inquiry into electric vehicles to assess concerns over stalling sales March 16, 2017 The role of electric vehicles as part of the government's industrial strategy will be investigated by the Business, Energy and Industrial Strategy (BEIS) Committee. The BEIS Committee has launched an inquiry today to scope out the barriers to the market's development and look into concerns that sales and take-up haven't been "as advanced as they [...]
Police in Paris at the scene of explosion at International Monetary Fund (IMF) building March 16, 2017 Police in Paris are at the scene of an explosion at the IMF headquarters. The Paris police department said on Twitter an operation was ongoing at the offices of the IMF and World Bank after a person was hurt following the apparent explosion of a suspect package. "An envelope exploded after it was opened and [...]
21st Century Fox £12bn takeover of Sky has been referred to regulators Ofcom and the CMA by culture secretary Karen Bradley March 16, 2017 The bid by Rupert Murdoch's 21st Century Fox to take over Sky has been referred to regulators by the culture secretary. Karen Bradley confirmed her decision this morning after already announcing she was “minded” to do so. Broadcast regulator Ofcom will examine “public interest considerations” and the Competition and Markets Authority (CMA) “jurisdiction issues”. Read more: Sky takeover [...]
More than 150,000 people have signed a petition to block a second Scottish independence vote March 16, 2017 MPs are to consider a debate on a second Scottish independence referendum after 150,000 people signed a petition calling for the vote to be stopped. All petitions gaining more than 100,000 signatures have to be considered for a debate, and parliament's petitions committee will on Tuesday afternoon decide whether to schedule a debate. Holding a debate [...]
Abta cyber attack: Travel trade group targeted March 16, 2017 Abta, the travel trade organisation has been hit by a cyber attack resulting in the information of thousands of people and hundreds of companies being stolen. The organisation revealed the breach happened at the end of February, with cyber attackers taking the information of 43,000 individuals and 650 Abta members. 1,000 of the files are thought to [...]
UK tech workers are quite unhappy, it turns out March 16, 2017 Tech workers in the UK are less likely to be working in their dream job or believe they can land it in future, and are twice as likely to hate their job than the rest of the world. New research reveals they are rather unhappy, at least compared to those in the US and Australia…. perhaps it's [...]