Crowdfunding platform SyndicateRoom teams up with London Stock Exchange to allow individual investors to participate in IPOs March 14, 2016 Crowdfunding platform SyndicateRoom has revealed a new tie-up with the London Stock Exchange (LSE) that will allow crowdfunding investors to participate in initial public offerings (IPOs) and placings on the main market of the LSE and AIM. The Cambridge-based equity crowdfunding platform, which is regulated by the Financial Conduct Authority (FCA) and has facilitated almost £50m [...]
EU referendum: More than half of French voters want their own In/Out vote, with voters in Sweden, Spain and Germany all calling for referendums March 14, 2016 More than half of French voters want their own referendum on European Union membership – and nearly just as many think Britain should leave the European Union – according to new research from the University of Edinburgh and dpart, a German think tank. Researchers polled more than 8,000 voters across six countries – France, Sweden, Spain, [...]
London mayoral election 2016: New YouGov poll shows Sadiq Khan leads Zac Goldsmith by seven points March 14, 2016 Labour candidate for mayor of London Sadiq Khan has a seven-point lead over Conservative rival Zac Goldsmith, according to a new YouGov poll out this afternoon. Khan has the support of 32 per cent of voters, according to YouGov, while Goldsmith trails with 25 per cent of the vote. Both front-runners increased their share of the [...]
EU referendum: City consultants issue stark warning over Brexit-induced uncertainty March 14, 2016 Financial services experts are warning that the possibility of Britain leaving the European Union is already causing "significant uncertainty" for the City. In a new report out today, Bovill, a specialist financial services regulatory consultancy, said that because the specific implications of the UK leaving the EU "remain unclear", many firms are "finding it difficult [...]
Budget 2016: Industry groups warn chancellor George Osborne against hiking insurance premium tax as EY Item Club urges against planned £4bn in spending cuts March 14, 2016 Leading industry groups are pleading with the Treasury to give British businesses a break at this week’s Budget, as chancellor George Osborne eyes up a major tax hike on insurance premiums and higher tax revenues from Britain’s biggest banks. The AA warned over the weekend that the chancellor is considering raising the basic rate of [...]
Interim Financial Conduct Authority (FCA) chief executive Tracey McDermott says she is worried British banks will “stop caring” and “begin to turn a blind eye to bad behaviour” March 13, 2016 The interim boss of the City watchdog has warned that it would be "very, very easy" for Britain's biggest banks to stop caring about standards of conduct and behaviour. "It would be very, very easy for change to be reversed," Financial Conduct Authority (FCA) acting chief executive Tracey McDermott said in an interview with the Sunday Times [...]
EU referendum: Vote Leave confirms Labour MP Gisela Stuart as chair, with other top jobs for justice secretary Michael Gove, mayor of London Boris Johnson and former BCC boss John Longworth March 13, 2016 Vote Leave has confirmed that justice secretary Michael Gove will co-chair its campaign committee with Labour MP Gisela Stuart, with mayor of London Boris Johnson, former British Chambers of Commerce (BCC) boss John Longworth and Ukip spokesperson Suzanne Evans also getting top jobs at the eurosceptic campaign. It was first reported last week that Gove was being [...]
EU referendum: Former British Chambers of Commerce (BCC) director general John Longworth reportedly joining eurosceptic Vote Leave campaign March 10, 2016 Former British Chambers of Commerce (BCC) boss John Longworth is reportedly joining Vote Leave, less than one week after his controversial resignation from one of Britain's biggest business groups. Sky News reported this afternoon that Longworth attended a Vote Leave campaign meeting today and agreed to take on a formal role with the eurosceptic group. [...]
London mayoral election 2016: Ukip accuses business groups of “laziness and inertia” after not including pro-Brexit mayoral candidate Peter Whittle in business hustings March 10, 2016 Ukip has accused Britain's biggest business groups of "laziness and inertia" for not including the eurosceptic party's candidate for mayor of London in a major hustings event. Peter Whittle, the Ukip candidate to replace Boris Johnson as mayor of London, was not invited to take part in the London business mayoral hustings tonight, jointly organised by the Confederation [...]
Aldermore chief executive Phillip Monks says the challenger bank has “plenty of headroom” to grow after posting 88 per cent surge in profits March 10, 2016 Shares in Aldermore Group are down by more than one per cent this afternoon, after spiking earlier today on the news that the British challenger bank had reported a better-than-expected 88 per cent jump in profit for 2015. The bank's chief executive, Phillip Monks, told City A.M. that while the share price moves were "perhaps a little [...]
