Londongrad: Explosion in number of Russian spies in UK November 5, 2018 The number of Russian spies in the UK has exploded in recent years with up to five times as many Russian case offices in the UK as there were in 2010, a new report says. The report from think tank the Henry Jackson Society says there are 200 Russian case offices in the UK handling [...]
Investors positive about investing in UK post-Brexit November 5, 2018 Investors are more positive about investing in the UK post-Brexit this year than they were last year, according to a survey released today. The research shows that 62 per cent of investors are more likely to invest in the UK post-Brexit, up from 31 per cent last year. Overall 88 per cent of investors said [...]
King & Wood Mallesons’ City boss on rebuilding after the UK’s largest-ever law firm collapse November 4, 2018 When King & Wood Mallesons’ (KWM) European arm filed for administration on 17 January 2017 it was the culmination of a slow-motion car crash that had kept the UK legal market agog for months. Less than two years on the new London managing partner of what has been dubbed KWM 2.0 is not keen to [...]
It’s time to go with the flow: The UK needs to accept global economic competition and come out on top November 4, 2018 UK 1-1 Rest of the world. So reads the scoreboard from two recent corporate stories: Dyson’s decision to produce its electric cars in Singapore and Unilever’s to stay put in London. With Brexit beckoning, there is more focus than ever in Britain on its place in the world, and how that can be affected by [...]
Defence firm Babcock shuts Devon site with 200 jobs at risk November 1, 2018 Engineering firm Babcock announced today it is closing a dockyard in Devon putting nearly 200 jobs at risk. Babcock said in a statement “it has taken the difficult decision to exit operations at its Appledore facility in Devon, ending its site lease in March 2019”. Babcock said it will offer “relocation opportunities” to all 199 [...]
NCA investigates Arron Banks and Leave.EU over alleged referendum offences November 1, 2018 The National Crime Agency is investigating Arron Banks and the Leave.EU campaign for alleged electoral law offences during the 2016 EU referendum. The Electoral Commission referred both Banks and another senior campaigner, Elizabeth Bilney, to the NCA. “Our investigation relates to suspected electoral law offences covered by that referral, as well as any associated offences,” [...]
Swiss Re records $1bn profit despite losses from hurricanes and typhoons November 1, 2018 Reinsurer Swiss Re said it had recorded a profit of $1.1bn (£850m) for the first nine months of the year, despite an expected $1.6bn claims burden from man-made and natural catastrophes. Last year at the same period it suffered a $468m loss from the impacts of major disasters. Gross premiums roses 6.5 per cent to $28.4bn [...]
Insurer Lancashire pays special dividend despite catastrophe losses November 1, 2018 Insurer Lancashire is returning $40m (£31m) to shareholders via a $0.20 per share special dividend despite recording a third quarter loss, it said today. Lancashire warned last month that it could be hit by catastrophe losses of $25m to $45m from recent hurricanes and typhoons. This led to a negative return on equity (ROE) of [...]
Nicky Morgan says City could take decades to resolve regulatory relationship with EU October 31, 2018 It could take decades for the UK to work out its financial services regulatory relationship with the EU after Brexit, treasury select committee chair Nicky Morgan said. “The story of the next 40 years of this country, or it could be longer, in relation to that future relationship with the EU, is going to be [...]
Waitrose magazine vegan row editor resigns October 31, 2018 The editor of the Waitrose Food magazine has resigned with immediate effect after an email he sent suggesting a series on killing vegans was leaked. William Sitwell is standing down with immediate effect after his response to a pitch from freelance journalist Selene Nelson generated a storm of controversy after it was published online. Sitwell [...]
