Businesses and transport experts look to Autumn Statement for Hammond to flesh out infrastructure promises October 3, 2016 Businesses have welcomed Philip Hammond's promises to bolster infrastructure today, but warn they'll be watching him carefully to follow through in the Autumn Statement. Speaking at the Conservative party conference, the new chancellor of the exchequer warned that public infrastructure, including "our roads, railways and flood defences", was in dire condition compared with similarly developed countries, thanks [...]
Small businesses to launch £1bn legal action against RBS in early 2017 October 3, 2016 Legal action on behalf of over 100 small businesses claiming RBS drove them into the ground for its own gain is set to launch early next year. RGL Management Limited was formed in March to coordinate action against the bank's now defunct turnaround division, Global Restructuring Group (GRG). It is now fully funded to issue a claim and has [...]
This is London First’s new chief executive October 3, 2016 London First has today announced former Save the Children International boss Jasmine Whitbread will be joining as its new chief executive. Whitbread, who has also held management positions at Thomson Financial and Rio Tinto and is a non-executive director of BT and Standard Chartered, will succeed Baroness Jo Valentine when she steps down at the end of the year. "Jasmine brings an [...]
Back down it goes: Deutsche Bank share price drops in US October 3, 2016 Deutsche Bank's US-listed shares have fallen three per cent, just hours after the market opened. Shares in the German bank plummeted last week, after various reports emerged doubting Chancellor Angela Merkel's appetite for state assistance, despite the lender facing a potential $14bn (£10.8bn) fine from the US Department of Justice (DoJ) for mis-selling mortgage-backed securities. However, [...]
No Brexit woes for Numis as shares and sales jump October 3, 2016 Numis has become one of the latest firms to shake off Brexit woes, with a trading update today revealing revenues had rocketed despite uncertainty caused by the EU membership vote. The figures The stockbroker and investment bank announced that revenue from its core activities had grown 14 per cent compared with the year before. In particular, combined [...]
Apprenticeships proving popular as over half of parents disagree that a degree is a better guarantee for career success October 3, 2016 Apprenticeships are becoming more popular among parents, with over half now disagreeing a university degree is the best choice for their children's blossoming careers, a study out today has found. According to the research by Prudential, 51 per cent of parents disagree graduates are more likely to climb the career ladder faster than apprentices while the [...]
City calls for transition period to avoid Brexit with a bump October 2, 2016 The City is calling on the government to avoid a potentially destabilising sharp Brexit by building a transition period into Article 50 negotiations allowing the UK to retain key rights for longer than it otherwise would. The call comes after the Prime Minister revealed today that Article 50, the official process by which the UK [...]
Passporting tops the Brexit wishlist for financial services firms October 2, 2016 Securing passporting rights is the main Brexit concern of the financial services sector, research out today has found. The study by professional services firm EY found that over two-thirds (68 per cent) of all policy wishlists financial services firms have made public following June's vote have made reference to maintaining passporting for goods and services. The proportion which are [...]
