UK and US should have mutual recognition of financial sectors on ‘day one’ of a post-Brexit trade deal, says new report September 18, 2018 The UK and US should seek an immediate system of mutual recognition to deepen trade in financial and professional services, according to a new report produced by policy experts from both sides of the Atlantic. The proposal is one of a range of suggestions put forward by a group of 11 think tanks in a [...]
EU to investigate whether BMW, VW and Daimler colluded over clean-car technology September 18, 2018 The EU is investigating BMW, Volkswagen and Daimler over allegations they may have colluded to thwart the development of clean-emission technology for cars. The probe relates to claims the car giants may have agreed not to compete against each other on the development and roll-out of technology aimed at reducing harmful emissions from petrol and [...]
EU to investigate whether BMW, VW and Daimler colluded over clean-car technology September 18, 2018 The EU is investigating BMW, Volkswagen and Daimler over allegations they may have colluded to thwart the development of clean-emission technology for cars. The probe relates to claims the car giants may have agreed not to compete against each other on the development and roll-out of technology aimed at reducing harmful emissions from petrol and [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
Competition watchdog launches inquiry into CME takeover of Nex Group September 13, 2018 US exchange operator CME's planned $5.5bn (£4.89bn) acquisition of London's Nex Group will be investigated by the UK's competition watchdog. The deal, which was announced in March and is expected to be completed by the end of this year, will either be approved or referred for a more in-depth investigation by 8 November, the Competition and Markets Authority said. [...]
Competition watchdog launches inquiry into CME takeover of Nex Group September 13, 2018 US exchange operator CME's planned $5.5bn (£4.89bn) acquisition of London's Nex Group will be investigated by the UK's competition watchdog. The deal, which was announced in March and is expected to be completed by the end of this year, will either be approved or referred for a more in-depth investigation by 8 November, the Competition and Markets Authority said. [...]
The rise of Chinese finance puts pressure on London and New York as top financial centres September 12, 2018 London and New York remain the top two financial centres in the world but Asian cities are hot on their heels, according to an authoritative ranking to be published today. A major report from London-based think tank and consultancy Z/Yen will show the average ranking of financial centres in Asia and the Pacific region rose [...]
Grave concerns: Dignity shares tumble after funeral war with Co-op livens up September 10, 2018 Shares in funeral provider Dignity dropped by more than six per cent this morning, after its biggest rival Co-operative Group slashed the cost of its cheapest funeral and introduced a price guarantee. The Co-op, which is the market leader, announced its price for a “simple” funeral – including collection, the preparation of the body and [...]
City Moves for 6 September 2018 – who’s switching jobs at the Financial Conduct Authority, JCDecaux Airport and Howard Kennedy? September 6, 2018 Today's City Moves cover competition, aviation advertising and legal eagles. Take a look at these movers and shakers: Financial Conduct Authority The Financial Conduct Authority (FCA) has appointed Sheldon Mills as its new director of competition. Sheldon is currently senior director, mergers and state aid at the Competition and Markets Authority (CMA). At the CMA, [...]