Keep calm and carry on trading: Donald Trump TPP tantrum will not hurt UK November 22, 2016 Donald Trump's proposed scrapping of the Trans-Pacific Partnership (TPP) for the US shouldn't keep UK dealmakers up at night and could even work in the country's favour, experts have told City A.M. In the late hours of last night, the President-elect said he would pull the US out of its involvement with TPP on his [...]
No Brexit debate in parliament is creating sideshows, warns House of Lords November 22, 2016 A lack of healthy debate about Brexit in parliament risks creating more noise, such as the recent Article 50 case, elsewhere, the House of Lords has cautioned today. In a debate to discuss what degree parliament should be consulted on Brexit, the peers called on government to involve both houses more on its thinking on [...]
Oh Canada! Finance minister not fussed about UK trade deal November 22, 2016 Canada will be in no rush to strike up a trade deal with the UK following Brexit, a key minister has said today. As the UK moves closer to leaving the EU, many have been eager to know what kind of trade relations the country will be able to secure. But Canada's finance minister Bill Morneau has [...]
They’re in the money: CYBG turns its first profit before tax in five years November 22, 2016 Clydesdale and Yorkshire Bank Group (CYBG) has today revealed a full year profit before tax, its first in five years. The figures The banking group turned a full year profit before tax of £77m for the year ended September 2016, compared with a £285m loss the year before. However, the company was still making a loss once tax was taken [...]
Google’s Matt Brittin says nobody can afford to ignore the rise of digital November 21, 2016 Nobody can afford to put their head in the sand when it comes to the rise of digital, one of Google's key executives has said today. Speaking at the Confederation of British Industry (CBI) annual conference, Matt Brittin, president of EMEA business & operations for Google UK, said: "This is about every business. Every business is a digital [...]
Jeremy Corbyn slams government for not yet sorting out Brexit for businesses November 21, 2016 Government is harming businesses with its "shambolic handling" of Brexit, Labour party leader Jeremy Corbyn has said today. Noting he was surprised to find himself speaking at the Confederation of British Industry (CBI) annual conference, Corbyn supported the calls for a Brexit which provided a smooth transition for businesses. "We now all face some of the biggest changes [...]
Sir Martin Sorrell: Brexit not the only uncertainty worrying businesses November 21, 2016 Sir Martin Sorrell has said today current levels of uncertainty are hurting businesses, but Brexit was far from the only problem. Speaking at the Confederation of British Industry annual conference, the WPP group chief executive said of the Brexit negotiations: "What business wants is more certainty but, given the different objectives of both parties (businesses and government), [...]
Why space still has a reputation problem November 21, 2016 Space is the final frontier when it comes to people's knowledge, a panel of industry experts at the Confederation of British Industry annual conference has said today. The speakers admitted, although personalities like astronaut Tim Peake had helped to make the industry more popular, many people were still unaware of how wide the industry actually was. [...]
Red tape? What red tape, asks Atom Bank boss November 21, 2016 Up and coming lenders are not facing as many regulatory hurdles as you might think, the boss of one of the UK's newest challenger banks has said today. Speaking at the Confederation of British Industry annual conference, Mark Mullen, chief executive of Atom Bank, noted that the "regulatory hurdles have got better", not worse, since the [...]
London needs to stay a welcoming hub for tech, says Facebook exec November 21, 2016 London needs to continue to open its arms to the tech sector, a Facebook exec has said today. Nicola Mendelsohn, vice president for Europe, the Middle East and Africa at Facebook, told the audience at the Confederation of British Industry (CBI) conference that it was important to keep looking "outwards and not inwards", adding: "We need to [...]
