‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
Mission Impossible: Fallout review: The stupidly fun sequel takes the franchise to brilliant new heights July 26, 2018 Whatever Scientology-grade embalming fluid they’re submerging Tom Cruise in every evening, it’s doing the trick. In the sixth and best entry in the Mission Impossible franchise, Hollywood’s most successful stuntman once again defies his advancing years, charging headlong into some of the series’ most beautifully constructed and brilliant set pieces yet. Cruise hurls himself [...]
Firms cough up as much as £100,000 and perks to keep EU workers after Brexit | City A.M. July 25, 2018 British firms are coughing up as much as £100,000 in pay rises, bonuses and even school fees to keep hold of top EU workers, a new study suggests. According to a survey of 1,000 HR directors conducted by law firm Migrate UK, six in 10 companies have paid additional incentives since the Brexit vote to [...]
Motor insurers vote to share risk for terrorism following 2017 London car and van attacks in Westminster, London Bridge and Finsbury Park | City A.M. July 23, 2018 Motor insurers have today confirmed plans to pool risk for terrorist attacks involving vehicles after London was hit with three fatal incidents in 2017. Members of the Motor Insurance Bureau (MIB), which is an industry body that acts to compensate the victims of uninsured drivers, have voted to place responsibility for compensating victims of vehicle-related [...]
New Financial Conduct Authority (FCA) chair Charles Randell warns of danger of big data ‘algogracy’ July 11, 2018 The new chair of the Financial Conduct Authority (FCA) Charles Randell today warned of the danger of a new “algocracy” as new technology threatens to harm consumers of financial services. Randell suggested that the concurrent rise of “big data”, artificial intelligence and machine learning, along with behavioural science insights, could require a new regulatory framework. [...]
Google’s Waze teams up with Allianz to bring in-app roadside assistance to Londoners July 3, 2018 Google-owned and developed traffic maps app Waze has partnered up with insurance firm Allianz to offer emergency roadside assistance to its European users at the touch of a button. Available 24/7, Waze users will be able to click on the SOS button for roadside help inside the app in the event of a breakdown, flat [...]
Why it’s crucial for investors to incorporate inflation into their financial planning May 16, 2018 We often find media coverage fretting inflation’s impact on consumer spending—particularly true after UK inflation jumped over the last couple years. In our view, though, British investors should be more focused on whether their financial plans take it into account. We believe doing so is vital to increasing the likelihood of reaching your goals. The [...]
Alpha insurance bankruptcy: London cabbies scrambling for alternative insurance after provider goes bust May 9, 2018 London cab drivers are scrambling to reinsure their cars after Danish insurance company Alpha went bust yesterday, invalidating their policies. Alpha, which insured numerous taxi drivers through brands such as Cover My Cab and Protector, filed for bankruptcy yesterday, immediately terminating all existing policies. Cab drivers reported receiving text messages today telling them that their [...]
Kicking off: War of words between former boss Bob Mackenzie and car insurance giant AA rolls on May 1, 2018 Former AA boss Bob Mackenzie has found himself in the spotlight once again, following allegations that he hushed up a street fight which left him unable to deliver presentations to major City investors. The legal battle between Mackenzie and the roadside assistance giant ramped up yesterday after court filings of the AA’s defence were revealed [...]
Toyota launches London startup and starts the hunt for tech talent April 26, 2018 Toyota is launching a new startup in London to develop new transport services it can roll out in Europe, and is on the hunt for a crop of data scientists, engineers and software developers to bring on board. It is aiming to build up expertise in ride-sharing and remote delivery, and start bringing specialised mobility [...]