Breaking up is hard to do, so why not put a ring on audit? November 23, 2018 Never have there been more eyes on audit. Sir John Kingman is examining the Financial Reporting Council and how audit can best be regulated. The Competition and Markets Authority is investigating competition and choice in the listed audit market. The BEIS Select Committee announced last week that it too will scrutinise audit, and the Audit [...]
Jaguar Land Rover and Addison Lee receive £25m to trial their self-driving cars in Greenwich November 22, 2018 Jaguar Land Rover and Addison Lee are among the winners of a government-backed £25m funding pot to develop driverless cars in London by 2021, it was revealed today. A consortium of tech, vehicle and transport firms have secured a grant from the government's Connected and Autonomous Vehicles programme to introduce 15 self-driving vehicles as part of [...]
Amazon launches Black Friday pop-up in Shoreditch after data leak hits UK customers November 22, 2018 Amazon has today opened a pop-up on London's Shoreditch High Street, just in time for Black Friday weekend. The Home of Black Friday pop-up store has returned to the capital after its debut last year, and is now located near Amazon's headquarters from Thursday 22 November until Sunday 25. The shop will feature hundreds of [...]
UK tech firm Aircharge launches wireless charging on London Waterloo’s South Western trains November 22, 2018 Trains on London Waterloo's South Western railway network have become the first in the world to debut wireless charging points for smartphones and tablets, helping commuters to grab that extra bit of power on their travels. Aircharge, the UK tech firm behind wireless charging points in Starbucks, Mcdonald's and Costa Coffee, has teamed up with train [...]
Deal or no deal, fintech will remain the jewel in the UK’s economic crown November 22, 2018 In some ways, the causes of both globalisation and the fintech boom have much in common. Both phenomena have been driven by previously unthought-of technological advances, innovation, and increasingly open markets. So if, as has been argued, the UK referendum was the first case of a major democracy voting against the impact of globalisation, does [...]
London house buyers report growth in gazumping despite wider UK decline November 21, 2018 Roughly two in every three London buyers has been ‘gazumped’ on a house purchase in the last year, according to a new poll which underlines the growing frustration within the capital’s housing market. Gazumping, which is the process of agreeing to a person’s offer on a property and then selling the house to another buyer [...]
This Thanksgiving, be grateful for the political freedom to campaign November 21, 2018 Tomorrow is the fourth Thursday in November, so Americans, in the US and across the world, will be celebrating Thanksgiving. Whenever I have been invited to Thanksgiving dinners, one of my favourite traditions is when everyone sitting around the table mentions something which they are grateful for in their lives. People often mention something personal [...]
To restore public trust, it’s time for finance to find its purpose November 21, 2018 More than 10 years on from the collapse of Lehman Brothers, the finance industry still has much work to do to rebuild society’s trust. Given the centrality of financial services to the UK’s economy – whether through the tax revenues it pays, the two million jobs it supports, or the basic functions of our economy [...]
City skyscraper Twentytwo set to lure in another insurer November 20, 2018 The City's tallest skyscraper is expected to land yet another major insurance tenant in the coming weeks, with news this afternoon that broker THB Group is in talks to rent 35,000 square feet of space. THB Group is set to become the third insurer to move into 22 Bishopsgate, known as Twentytwo, once construction is completed [...]
Boris’s water cannon fetch junk price as they are sold off for scrap November 19, 2018 Three water cannon bought and renovated for over £300,000 by former London mayor Boris Johnson will be broken down for scrap after being sold for a fraction of their value. The machines, which were never used, have been sold for parts to Reclamations (Ollerton) Ltd for just over £11,000, the mayor’s office announced yesterday. The [...]