London Report: Barclays, Bank of England and Lloyds in focus February 9, 2014 BRITISH banks will be under the spotlight this week as Barclays and Lloyds deliver their full-year results and Bank of England governor Mark Carney updates the markets on its forward guidance policy for setting rates. Lloyds has already provided an update on its progress, predicting an underlying profit of £6.2bn for 2013 compared to £2.6bn [...]
Wall St The Week Ahead: Investors keen to see if rally can continue February 9, 2014 AFTER the S&P 500’s first weekly gain in a month, investors will see this week whether the US stock market’s rally of the last two days is the shape of better things to come – or if this year’s weakness will turn into a full-fledged correction. At Friday’s close, the S&P 500 was up 0.8 [...]
Nasty, brutish, short: Why businesses prosper then die at an ever faster pace February 9, 2014 IF THOMAS Hobbes found himself walking down City streets today, he wouldn’t blink an eye. Business life seems to be getting increasingly short and rather nasty. Due to the accelerating rate of technological change, some economists believe we are heading toward a “winner takes all” era of unprecedented competition, enabled by an enormous number of [...]
City Matters: The City and Scotland are natural allies in protecting our global competitiveness February 9, 2014 SCOTLAND’S future relationship with the rest of the UK has once again been making headlines, as we edge closer to the September independence referendum. For Londoners, the “Scottish question” can seem far removed. But having visited Edinburgh and Aberdeen last week, it is clear to me that this relationship is crucial to firms on both [...]
London needs Crossrail Two but the Treasury doesn’t have to fund it February 9, 2014 IT MIGHT seem absurd to be talking about Crossrail 2 when Crossrail 1 has only just hit the halfway mark. But the uncomfortable truth – and I mean this literally for London’s rail users – is that, as soon as it opens, Crossrail 1 will be full to bursting. We are playing a desperate game [...]
Letters to the Editor – 10/02 – No more strikes, Falling giant, Best of Twitter February 9, 2014 No more strikes [Re: Politicians must end tube chaos, Friday] There is another way. In an era when huge ships plough the ocean, and vast aircraft fly the skies under the control of automated systems, just how difficult would it be to automate trains running along fixed tracks? Already US firms are trialling automated cars, [...]
Unlocking the secret to startup success February 9, 2014 Annabel Palmer talks to the co-founders of Secret Escapes about their adventures in the online travel industry IF YOU watch television, it’s likely you’ll have been exposed (and possibly raised an eyebrow) to Secret Escapes’ marketing campaign – arguably the most provocative advert since Cindy Crawford donned denim hotpants for Pepsi. Brand ambassador Camilla Arfwedson’s [...]
Innovation Diary: There will be plenty more Wongas to come – even as the fintech sector begins to grow up February 9, 2014 FEW NEED telling about the growth of peer-to-peer lending. Whether driven away by dissatisfaction with traditional banking, or pulled by attractive returns and convenience, lenders and borrowers are increasing interested. According to Nesta, P2P business lending grew by 211 per cent between 2012 and 2013. And while P2P lenders control just 1 per cent (about [...]
Gimme 5 February 9, 2014 …CO-WORKING SPACES FOR ENTREPRENEURS ClubWorkspace A growing network of creative drop-in business bases. It has six locations: Bankside, Chancery Lane, Chiswick, Clerkenwell, Kennington and London Bridge. club.workspacegroup.co.uk Exchange at Somerset House Home to inspirational new startups including Hailo, Somerset House offers flexible office solutions in a community environment at competitive rates. somersethouse.org.uk/work One Alfred Place [...]
Data driven February 9, 2014 Annabel Palmer talks to Havas Media’s Paul Frampton UNUSUALLY for the media world, Paul Frampton, chief executive of Havas Media, has only worked at one group over the course of his career. He talks to City A.M. about the cultural and leadership changes his industry must make to prepare for a fast-changing media landscape. How [...]
