LSE Group appoints financial services veteran Marshall Bailey as LCH Group chairman September 25, 2018 London Stock Exchange Group has appointed financial services veteran Marshall Bailey as chairman of its clearing business LCH Group. The move, which is effective immediately, will see current LCH Group chairman Lex Hoogduin step down after three years in the role. Read more: Activist Hohn reduces stake in London Stock Exchange Group The business has become central to debates about the [...]
Keir Starmer goes rogue in conference speech, refusing to rule out Remain in a new vote September 25, 2018 Remaining in the EU must be an option on the ballot paper in any new referendum, Labour's shadow Brexit secretary Sir Keir Starmer said on Tuesday. Speaking at his party's conference, Sir Keir got a standing ovation from activists as he veered away from his planned speech to say staying in the EU could [...]
Patchy regulation prevents the world from reaping the full benefits of the markets September 25, 2018 Ten years ago today, the world woke to the news that yet another bank had collapsed. Washington Mutual was the latest casualty in what became the worst financial crisis since the Great Depression. Those events have cast a long shadow. Governments, businesses, and households have had to tackle the legacy of that crisis. As [...]
Forget economics, immigration policy is more about our values September 25, 2018 You're probably tired of me saying it, dear reader. But a big problem with supposed “evidence-based policy” is that the conclusions we derive from evidence often take our underlying aims for granted. If we’re considering a tax cut, no evidence-base showing that it could create a positive GDP effect will convince you if your [...]
Keir Starmer: Labour won’t back Tory Brexit deal September 25, 2018 Labour plans to vote against a Theresa May Brexit deal, as the party attempts to define its position on backing a second referendum. Claiming the Prime Minister’s Brexit negotiations “are in a complete mess”, shadow Brexit secretary Sir Keir Starmer called for a general election if she fails to reach a deal or if a [...]
An election is the last thing we need – and voters would punish politicians for calling it September 25, 2018 Theresa May’s Brexit negotiations with the European Union are going very, very wrong, and there is now speculation that the UK could be heading for a snap election — cue eyerolls and yawns nationwide. Both the ruling Conservatives and opposition Labour party appear to be considering the possibility of a snap election as early [...]
Recruiter Harvey Nash bucks Brexit fears as profits rise in first half September 25, 2018 Tech recruiter Harvey Nash reported rising profits in its interim results this morning, despite the sector suffering from uncertainty surrounding Brexit negotiations in the UK. Despite the decent results, shares in the company were trading almost one per cent lower early on Tuesday. The figures Gross profit rose 7.2 per cent to £51.7m, while profit before [...]
German money rises in West End after Verde deal September 24, 2018 German investment in the West End has reached £515m for the year-to-date on the back of last week's announcement that German fund manager Deka Immobilien GmbH completing one of the largest deals this summer, buying the Verde office building in Victoria for roughly £460m on Friday. The deal pushed investment levels up to £515m, compared with £476m [...]
Jacob Rees-Mogg tells businesses to stop living in ‘cloud cuckoo land’ over Brexit September 24, 2018 Leading Brexiteer Jacob Rees-Mogg has called on businesses to stop living in "cloud cuckoo land" and accept Brexit will mean changes to how they operate. The Conservative MP was backed up by former Brexit secretary David Davis, who claimed top firms such as BMW should be able to cope with extra hours delays at [...]
Frankfurt winning race with Paris for Brexit bank moves September 24, 2018 Frankfurt is winning the race to attract the banking jobs moving out of London because of Brexit, with 25 lenders having moved operations there ahead of the UK's departure from the EU, new research published today shows. Paris, which has been aggressively courting the City's financial institutions, has attracted nine moves, while Luxembourg and [...]