Modernising Burnley: How ALK Capital plan to use artificial intelligence and a network of partner clubs to take the Clarets into a new era May 20, 2021 Think of Burnley FC and you think of target men, tigerish midfielders and hulking centre-backs. Of manager Sean Dyche’s gravelly tones. Of one of the Premier League’s less fashionable and most traditional clubs consistently outperforming more glamorous rivals with a defiantly no-nonsense brand of football. But for all that they have punched above their weight, [...]
Australia-UK trade tensions are a post-Brexit crossroads: do we want to be Global Britain or do we want to pursue protectionism? May 20, 2021 When it comes to sport, particularly cricket and rugby, there is perhaps no fiercer rivalry than between the UK and Australia. Yet away from the Test arena, there are perhaps very few countries that share such a strong relationship. Both nations share a language, the monarchy, similar cultural connections and diplomatic and security ties. The strength of [...]
English farmers to be offered £100k to call it a day May 19, 2021 Older farmers in England will be paid to retire under a government scheme aimed at attracting new, younger, entrants into the industry. The plans, which are still subject to consultation, are part of a post-Brexit shift to a subsidy system and an overhaul of farm grants to encourage farmers to protect the environment. Environment Secretary [...]
ABI director general to take up partner role at KPMG May 19, 2021 Huw Evans, director general at the Association of British Insurers (ABI), will join KPMG as a partner next January in the Big Four firm’s insurance and long-term savings division. Evans had been director general at the ABI for more than six years, during which he represented the insurance industry through Brexit, Solvency II implementation, pension [...]
Boris Johnson signals support for slashing tariffs on Australian food exports in trade deal May 19, 2021 Boris Johnson has indicated he is in favour of signing a UK-Australia trade deal that opens up the country to zero-tariff Australian meat exports. Johnson said today at Prime Minister’s Questions (PMQs) that a potential trade deal is “a massive opportunity for Scotland and for the whole of the UK” and that opponents of the [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 19, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex Co-op CEO joins Boomin’s board Property site Boomin has bagged itself a retail veteran this week, who is set to join the board as a non-executive director at its next [...]
Deutsche Bank lures Barclays veteran Daniel Ross to head UK investment banking coverage May 19, 2021 Deutsche Bank has recruited senior Barclays banker Daniel Ross to head its investment banking coverage in the UK and Ireland. Ross is currently Barclays’ vice chairman for UK investment banking and its global head for media banking. He has been based in Canary Wharf for more than 12 years, but will move to the City [...]
Boris Johnson backs Australia free trade deal despite farmers’ fears May 19, 2021 Boris Johnson believes Australia should be offered a free trade deal with the UK, despite fears domestic farmers could be hit by price competition from overseas. Johnson will back plans to offer Australian agricultural exporters the same zero-tariff, zero-quota terms as those enjoyed by the European Union. There has been backlash from the UK’s National [...]
UK CPI: Inflation rate surges to 1.5 per cent in April May 19, 2021 UK inflation more than doubled to 1.5 per cent in April, up from 0.7 per cent in March, the Office for National Statistics (ONS) said this morning. Economists had forecast a rise of 1.4 per cent, as a jump in electricity and gas bills pushed inflation higher. Core inflation, which excludes energy prices and other [...]
Senior Credit Suisse bankers flee to Barclays, Goldman and Citi after Archegos disaster May 19, 2021 About a dozen managing directors at Credit Suisse have recently left the banking giant or are in the process of doing so, with most of them poached by rivals including Barclays, Goldman Sachs and Citibank. Moreover, a range of senior bankers are expected to announce their departure in the coming weeks, with several others also [...]