MPs call for social media tax to cover costs of data misuse following fake news inquiry | City A.M. July 28, 2018 MPs have called on social media companies such as Facebook to be taxed to cover the costs of investigating incidences of data misuse, a leaked report has revealed. The Digital, Culture, Media and Sport (DCMS) committee has been investigating the phenomenon of fake news spread through social media following the Cambridge Analytica scandal, in which [...]
‘Thinking Fast and Slow’: Two big lessons for investors July 27, 2018 On The Value Perspective blog, we aim to extol the merits of value investing, the art of buying shares that are unloved by the market for no good reason. The summer holidays – and this guest column on City AM – offer an opportunity for us to highlight investing books that can help keen students [...]
Government aims for full fibre broadband coverage across UK by 2033 | City A.M. July 23, 2018 The government has outlined its ambition to bring full fibre to the entire of the UK by 2033 as it released its Future Telecoms Infrastructure Review (FTIR). The Department for Culture, Media and Sport also said it would be pushing to make super fast full fibre broadband installed as standard in new properties. Part of [...]
How might a trade war play out? July 19, 2018 The Trump team appears to see trade wars as a central policy rather than a bargaining strategy. With the possible advent of further tariffs on European and Chinese exports, we look at the potential consequences such as higher inflation and lower growth. The impact on interest rates and currencies While the US has begun to [...]
Consumers rail against ‘criminal’ switching fees as watchdog floats ban July 16, 2018 The Financial Conduct Authority (FCA) said today that it would seek to reform the £500bn investment platform sector to improve competition and better protect consumers. The City watchdog published interim findings from its study of investment platforms today and proposed a “package of measures” to protect consumers which could include the banning of exit fees [...]
Chinese bid for Northern Aerospace fails amid security fears July 9, 2018 Chinese takeover attempts to buy a British defence company have fallen through, according to UK private equity firm Better Capital. Approval has not been given for aircraft parts maker Northern Aerospace to be purchased by Derby-based Gardner Aerospace, a subsidiary of Chinese aerospace and mining firm Shaanxi Ligeance Mineral Resources. Read more: Aerospace sector revises [...]
Chinese bid for Northern Aerospace falls through as regulator denies approval July 9, 2018 Chinese takeover attempts to buy a British defence company have fallen through, according to UK private equity firm Better Capital. Approval has not been given for aircraft parts maker Northern Aerospace to be purchased by Derby-based Gardner Aerospace, a subsidiary of Chinese aerospace and mining firm Shaanxi Ligeance Mineral Resources. Read more: Aerospace sector revises [...]
Culture secretary Matt Hancock expected to make decision on Rupert Murdoch’s Sky takeover this week July 8, 2018 Culture secretary Matt Hancock is this week expected to reveal whether Rupert Murdoch's 21st Century Fox will be given clearance to take over Sky and bat off a rival bid from Comcast. If Hancock gives Murdoch the go-ahead, the media mogul will buy the 61 per cent stake in Sky he does not already own. [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
Experian to acquire London fintech startup Clearscore in £275m deal July 6, 2018 Experian, the world’s biggest credit data company, has bought London-based fintech company Clearscore in a £275m deal. The credit checking firm's CEO Brian Cassin said the deal was “another important step in our strategy to extend the services we provide to UK consumers”. Clearscore launched in July 2015 and now offers over 6m UK customers [...]