London leads the UK in creation of startups January 13, 2020 London continued to dominate the startup landscape in 2019, as the UK hit a record level for a second year in a row. The number of startups in London increased 2.4 per cent to 221,373 companies, a substantial portion of the 681,704 businesses created in 2019. Data from the Centre for Entrepreneurs’ annual startup index released on Monday showed that [...]
UK business optimism flatlines following general election January 13, 2020 UK business is in wait-and-see mode following the December general election as business optimism flatlines across the UK, according to a report published today. Accountancy and business advisory firm BDO said UK business is waiting to see the impact of the new government and its policies, particularly how the UK will leave the EU. Peter [...]
Harry and Meghan could earn mega bucks outside the Royal Family January 12, 2020 Harry and Meghan’s decision to step back as senior royals could see them earn a huge amount of money in their first year of independence, brand experts said. The Duke and Duchess of Sussex, who announced they were stepping down as senior royals last week, said they are working to become “financially independent”. It remains [...]
Beales on the brink of collapse in difficult weekend for high street January 12, 2020 Department store chain Beales was on the brink of collapse today in what has been a torrid period for the high street. The Bournemouth-based company is set to go into administration if it is unable to complete a sale, according to reports. In December, Beales appointed KPMG to launch a strategic review including assessing a potential sale. [...]
Outgoing John Lewis boss Paula Nickolds in line for £750,000 payoff January 12, 2020 The outgoing managing director of John Lewis Partnership is in line for a £750,000 payoff. Paula Nickolds announced her departure last week following the company’s profit warning, just three months after being appointed as the partnership’s head of brand. The Sunday Times reported that Nickolds was offered a payoff at the time of the restructuring, [...]
European dealmakers top global M&A rankings for second consecutive year December 17, 2019 Europe was the only region to enjoy a positive M&A performance in 2019 amid a global downturn that will continue into 2020, according to new analysis. European dealmakers marginally outperformed their regional index by 0.6 percentage points over the last year despite a poor performance from UK buyers, according to research by insurer Willis Towers [...]
Ocado set to be crowned the FTSE’s most valuable tech giant December 17, 2019 Analysts have said Ocado has the vision to become the “Microsoft of Retail tomorrow” and transition into the FTSE’s most valuable tech giant. Once finalised, the decision by the Competition and Markets Authority (CMA) to de-designate Ocado as a retailer in August will make it the largest listed tech company in the UK by valuation. [...]
BoE: $5bn leaves Hong Kong funds amid protests December 17, 2019 Political unrest in Hong Kong has triggered traders to pull as much as $5bn (£3.8bn) of capital from the region since April, according to the Bank of England (BoE). The outflows account for nearly 1.25 per cent of Hong Kong’s GDP and began when protests broke out following the proposal of a controversial extradition bill [...]
Bank of England governor vacancy gets 650 applications on Linkedin December 17, 2019 The role of the governor of the Bank of England has piqued the interest of Linkedin users as one of the most viewed jobs in 2019. Current incumbent Mark Carney is leaving the role on 31 January, with big names like Financial Conduct Authority boss Andrew Bailey and City grandee Helena Morrissey in the running [...]
