Well, this is awkward: Sterling leaps as Leadsom announces she is quitting Tory leadership race July 11, 2016 Andrea Leadsom may well fancy a holiday after her short-lived campaign for the Tory top spot, and she'd get a good rate if she hurries to the Bureau De Change too. The pound surged against the dollar as the Tory leader hopeful announced that she was pulling out of the race. Read more: Theresa May set to be appointed [...]
SThree half-year profits sputter on banking hiring slowdown ahead of Brexit vote July 11, 2016 Less hiring in the banking sector in the run-up to the EU referendum has taken its toll on SThree's profits, the staffing company revealed in its interim results today. The figures The company, which is focused on finding staff to fill STEM roles, reported profits before tax of £12.8m for the half year to May, down seven per [...]
Lawyers call for safeguards to protect legal professional privilege in Investigatory Powers Bill July 11, 2016 Lawyers are today calling on the House of Lords to do more to protect their clients' "fundamental" rights under the Investigatory Powers Bill. The Law Society is urging the House of Lords to ensure the Bill contains provisions that will protect legal professional privilege and allow clients to communicate confidentially with their lawyers. "Legal professional privilege [...]
Deutsche Bank chief economist calls for bailout of European banks, as Italy faces last ditch efforts to rescue troubled sector July 10, 2016 As uncertainty from the UK's referendum on EU membership continues to plague the banking sector, Deutsche Bank's chief economist is calling for a bailout of Europe's banks. In an interview with Welt am Sonntag, David Folkerts-Landau suggested that an injection of fresh capital was needed to help save banks, pegging the amount needed to recapitalise at €150bn (£128bn). "Europe is [...]
As the UK referendum fallout settles, US banks get ready to announce their earnings July 10, 2016 Wall Street investors are likely approaching the coming week apprehensively, as a number of big name banks are due to report their quarterly earnings. Banking giant JPMorgan Chase is due to announce its second set of quarterly results for the year before the bell on Thursday, while both Citigroup and Wells Fargo will both be issuing [...]
Now Tom Hayes’ crowdfunding campaign has broken the £25,000 mark July 10, 2016 A campaign to raise legal fees for former trader Tom Hayes has recently broken the £25,000 mark. At time of writing, the Fundrazr campaign for the former UBS and Citigroup trader had raised £26,705 – or 18 per cent – of its £150,000 target, with a number of four-figure donations coming in over the last week. [...]
Now barristers are taking action on not invoking Article 50 without an Act of Parliament in place, as over 1,000 legal eagles sign an open letter to the Prime Minister and MPs July 10, 2016 NULL
Taxman to mull over options for criminal approach for companies which fail to prevent tax evasion July 10, 2016 NULL
