London First lobby group to change its name to catch up with govt ‘levelling up’ agenda December 8, 2021 London First, a lobby business group, plans to change its name in a bid to avoid an embarrassing clash with Boris Johnson’s “levelling up” agenda, widely seen as putting the capital far from first. The group, whose mission is “to make London the best city in the world in which to do business”, according to [...]
Growth capital business a key focus for long-term strategy at Numis, says co-CEO December 8, 2021 City broker Numis this morning reported its full year revenue swelled nearly 40 per to hit £215.6m, as a buoyant IPO market coupled with stabilised markets and rising deal fees helped the firm deliver its second record annual revenue performance in a row. Profit before tax doubled in the year to September 30, which Numis [...]
Bitcoin slow to recover despite global financial markets picking up the pace December 8, 2021 he Bitcoin price is just about holding above the $50,000 mark this morning, but has drifted slightly downwards since yesterday.
City’s dominance looks welcome sign of post-Brexit innovation December 8, 2021 If the capital is a golden goose, it is looking well-stuffed indeed ahead of Christmas. The latest numbers from TheCityUK on the scale of the UK’s financial services industry serve as a healthy reminder of just what a competitive advantage the industry gives both London and the UK more broadly. If anything, the most extraordinary [...]
City strengthens ties with non-EU partners in post-Brexit transformation December 8, 2021 The City is strengthening partnerships with countries outside the EU as it embarks on a post-Brexit transformation, reveals a new study released today. The US has overtaken the continent as the top destination for UK financial services exports for the first time ever, according to the Square Mile’s chief lobby group TheCityUK. City firms conducted [...]
UK rushing through trade deals without thorough consultation, says independent audit December 8, 2021 The UK’s post-Brexit trade deals are not being utilised by businesses and the government has not engaged in enough consultation before signing them, according to an independent audit. A report from the National Audit Office, an independent parliamentary spending watchdog, said “the speed and intensity of the negotiations … compresses the time available for analysis [...]
Gibraltar to integrate blockchain into government systems December 7, 2021 The government of Gibraltar has today announced plans to use blockchain technology to help with the delivery of public services.
Drone industry to face “cliff edge threat” without government support, expert warns December 7, 2021 The UK drone industry is on the verge of facing a “cliff edge threat”, following the expiration of the EU’s accreditation scheme in December 2022. According to Robert Garbett, a leading advisor on drone technology and chief executive of consultancy firm Drone Major, the UK Government needs to speed up post-Brexit drone accreditation. UK manufacturers [...]
Exclusive: Deal-making to surge due to ‘perfect storm of returning optimism, loosening restrictions and undervalued firms’ December 7, 2021 The market for mergers, acquisitions and other deals has, in the past two years, weathered periods of quiet during lockdowns and periods of boom as the economy reopened and optimism returned. This high demand looks set to continue well into 2022 with a new survey indicating that 90 per cent of dealmakers expect stronger activity [...]
Bitcoin’s return to form continues as global markets recover December 7, 2021 Bitcoin continued its steady recovery yesterday. It’s currently changing hands for more than $51k, up eight per cent over the past 24 hours.