The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
Proxy adviser Manifest has just collapsed into administration March 16, 2018 Shareholder advisory group Manifest has today crashed into administration. Moore Stephens has been appointed as administrator of the lead proxy advisor. According to March 2017 accounts – Manifest’s latest filing with Companies House – the firm had £1.3m of debts payable within the next 12 months. Representatives for the administrators were unable to comment on [...]
Editor’s Notes: Jeremy Corbyn’s Russia position is the latest in a shameful line-up, the IoD strides on and City AM bucks the industry trend March 16, 2018 Jeremy Corbyn’s refusal to recognise the hand of the Russian state in the Salisbury attack puts him at odds with the British government and its intelligence services, Nato, the United Nations Security Council, France, America, Germany and a host of other allies. It also serves as a reminder that if the British label you an [...]
Last Week in the City: Trump signs order for tariffs March 9, 2018 This week US President Donald Trump signed off on new tariffs on steel and aluminium imports, Trinity Mirror revealed plans to rebrand, and the European Central Bank took a further step towards ending stimulus measures. The FTSE 100 rose 1.9 per cent over the week by mid-session on Friday. Economics China will pursue annual growth [...]
Mifid II was a compromise, but the UK will lead the way with Mifid III says politician Kay Swinburne January 30, 2018 The UK’s voice of the City in the European parliament, Conservative politician Kay Swinburne, has said that legislators are already planning to overhaul a massive new piece of regulation which came into force earlier this month. The second Markets in Financial Instruments Directive, or Mifid II, aims to increase transparency across all areas of financial [...]
MPs haul Carillion directors in for grilling over firm’s collapse January 24, 2018 Two of the Commons’ most powerful committees have ordered former Carillion directors – including ex-chairman Philip Green – to give evidence as part of a joint inquiry into the construction giant’s collapse. The Work and Pensions Committee, headed by Labour’s Frank Field, and the BEIS Committee, headed by his colleague Rachel Reeves, have launched a [...]
Tech predictions for 2018: Drones, crypto, and the rise of the robots January 15, 2018 The pace of technological change can seem exciting and daunting in equal measure. 2017, while seeing continued financial growth in the tech sector, brought even more sharply into focus the challenges inherent with the inexorable march of progress. From Amazon to Uber, tech giants saw their practices and business models scrutinised more deeply than ever [...]
Philip Hammond to EU: Ditch the Brexit punishment and start talking trade January 10, 2018 Philip Hammond will tonight slam the “relative silence” of the EU over our future trading partnership and stress the bloc must ditch any thoughts of “punishing” the UK for Brexit. Speaking at the Die Welt economic summit dinner in Berlin this evening, the chancellor will tell the EU that “it takes two to tango” and [...]
Place your bets and prepare for a year of Brexit breakthroughs January 4, 2018 The Brexit rollercoaster ride began in March 2017 when Theresa May triggered Article 50, starting the formal process for the UK to leave the EU. There have been thrills and spills, highs and lows, but the year ended well, with an agreement that talks could move to the next stage. On 14 December, the European [...]
Business as usual: Chancellor Philip Hammond to take LSE boss on China trade mission December 11, 2017 Chancellor Philip Hammond will this week lead a trade mission to China along with City representatives – including a senior executive from the London Stock Exchange (LSE) ahead of a crunch shareholder vote. Hammond will be joined by HSBC chairman Mark Tucker, City of London Corporation policy chair Catherine McGuinness, and Square Mile grandee and [...]
Brexit will require major review of financial services regulation, claims IRSG and Linklaters report December 8, 2017 Brexit will force an overhaul of the UK’s regulation of financial services, creating new checks and balances to ensure the system remains “proportionate, coherent and fit for purpose”, a new report argues. Rule-making currently exercised jointly by the European Parliament and member states through the Council of Ministers and responsibilities from the European Supervisory Authorities [...]