What might happen in 2019? A second referendum, an economic recession, and the political parties will fall apart December 18, 2018 Anyone posing as Mystic Meg in the current environment of political turmoil would either be very brave or a charlatan. In four months’ time, the UK could still be a member of the EU, or will leave in either a chaotic or an orderly manner; with a radically different or the same government; or still [...]
DEBATE: Is the Asos profit warning a sign that online retailers face the same challenges as the high street? December 18, 2018 Is the Asos profit warning a sign that online retailers face the same challenges as the high street? Scott Guthrie, a digital strategy consultant, says YES. Online retailers have previously appeared immune to the hardships faced by their high street rivals. Yet there are many marketplace similarities between the two opposing business models – especially in [...]
Have you got a Scrooge loose at work? December 18, 2018 Festive cheer may be in short supply in the UK’s workplaces this Christmas – and it’s got nothing to do with Brexit, rail fare rises, or miserly pay increases. Instead, it’s the fact that a growing number of employers have cancelled the annual staff party. At one firm, an employee reports receiving an email out [...]
Breaking the current Brexit impasse could land Theresa May in even deeper trouble December 18, 2018 Despite efforts by the Labour party and other political opponents of the government in the House of Commons, it now looks very unlikely that Theresa May will put her Brexit proposal to a parliamentary vote this side of the New Year. But there may still be plenty of public disagreements and political wrangling ahead when [...]
Egress Software promises more London jobs with $40m series C fundraise December 18, 2018 Egress Software, a London-headquartered provider of data privacy and compliance software, will today reveal the close of a $40m (£31.7m) series C fundraising round led by US investor FTV Capital. Existing backer Albion Capital also participated in the round. The funding comes as a significant leap from Egress’ last raise, which saw the startup take [...]
Another day of unforced errors from Jeremy Corbyn December 17, 2018 For anyone wondering how on earth this government still finds itself ahead in the polls, yesterday's showing from the Labour leadership should prove informative. Around mid-afternoon the opposition let it be known it was calling a vote of no confidence in Theresa May if the Prime Minister did not confirm the date of parliament's meaningful [...]
London loses out in cost of living rankings thanks to falling pound in the years after Brexit referendum December 17, 2018 London has become one of the cheapest major European cities for overseas workers since the Brexit referendum, according to global mobility research firm ECA International. As a result, of of the weakened pound since the leave vote, London has slipped from inside the top 50 global cities to 127th place, the company said in its [...]
Wizz Air to overtake Easyjet as Luton Airport’s largest airline with arrival of new routes from next summer December 17, 2018 Ultra low-cost carrier Wizz Air has said it will overtake Easyjet as Luton airport's largest carrier once six new routes come into force from next summer. Wizz Air UK, a subsidiary set up as a Brexit contingency plan, will bring in two new Airbus A321CEO aircraft from next summer, along with six new routes. The announcement [...]
European banking watchdog tells lenders to stop keeping customers in the dark over Brexit December 17, 2018 The EU’s banking watchdog has hit out at lenders for not telling customers how they might be affected by Brexit. In a reproachful statement released this afternoon, the European Banking Authority (EBA) said it had found “little evidence of financial institutions communicating effectively to their customers on how they may be affected by the UK [...]
City financier Edi Truell agrees to fund £500,000 to company to solve Irish border problem December 17, 2018 The question of the Irish border appears to have eluded many of our politicians, but one City financier has come up with his own solution. Edi Truell, co-founder of private equity and venture capital firm Disruptive Capital Finance, has said he is willing to stump up £500,000 to pay for a high-tech system for the Irish [...]