‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Sabre insurance reveals plans for £213m float with boss saying: “It’s not all young drivers in hot hatches” November 13, 2017 Quirky British car insurer Sabre today announced plans to raise £213m from a London stock market listing. The move will enable private equity firm BC Partners to realise part of its investment into the Dorking-based firm. BC, which paid £240m in 2013 for the firm, will retain a “significant stake” in Sabre post-float. Sabre specialises [...]
Insurance premium tax: Insurers fire shot across Treasury’s bows, urging chancellor Philip Hammond against a further hike November 8, 2017 The UK’s biggest insurance body has called on chancellor Philip Hammond not to “punish” the British public by hiking insurance premium tax (IPT) for the fourth time in two years. The government has doubled IPT to a rate of 12 per cent in less than 18 months, with the most recent two percentage point rise [...]
Trading Trump October 25, 2017 In recent months President Trump has reportedly been “hell bent” on imposing huge tariffs on steel imports to bolster domestic industries, despite warnings that doing so may spark a global trade war. Treading delicately as is his custom, ‘the Donald’ has also threatened to tear up the North American Free Trade Agreement (Nafta). Nafta does [...]
Robotaxi for who? The 16 stocks UBS believes will benefit from fleets of driverless cars (and the 13 that won’t) October 5, 2017 The rise of the robotaxi – fleets of futuristic looking autonomous cars carrying people around cities and beyond – threatens to bring mass cheap and efficient transport to the world’s roads. That’s good for consumers, but what about business? Well, some stand to benefit more than others, according to UBS, which estimates they will be [...]
Three new driverless cars hitting UK roads: A Range Rover Evoque, Ford Fusion and Mondeo unveiled by Oxbotica and Transport for London group Driven September 5, 2017 Three fresh prototypes for driverless cars have been unveiled by a top group with ambitious goals of getting the vehicles onto Britain’s roads by 2019. A self-driving Range Rover Evoque and two Ford – a Fusion and a Mondeo – will be part of a fleet of six vehicles that will form part of trials [...]
The City must prepare for an £135bn per year Brexit boost August 21, 2017 IN 1553, London merchants funded a naval expedition to China via the North East passage. It got trapped in the ice in Russia’s White Sea and was forced to travel overland to Moscow where Ivan the Terrible granted it exclusive trading rights. The group returned to London to set up the Muscovy Company. This became [...]
FTSE 100 history: how the index has changed over 33 years July 3, 2017 The FTSE 100 index has just seen one of its quarterly changes with security firm G4S and real estate investment trust Segro promoted to the top 100. Although perhaps small in themselves, these regular events have changed the face of the UK’s leading index since it was formed in 1984. For the many investors whose [...]
Queen’s speech: Here’s the full text, featuring a flurry of Brexit bills June 21, 2017 The much-anticipated Queen's speech for 2017 has been delivered, outlining Theresa May's plans and her pledge to win "the trust and confidence" of the British people. Below is the full text of the speech. The Queen's speech 2017 My Lords and Members of the House of Commons. My government’s priority is to secure the best [...]
Queen’s speech 2017: Here’s the full text of Theresa May’s plan covering Brexit, HS2 but no mention of US President Donald Trump visit June 21, 2017 The much anticipated Queen’s speech for 2017 has been delivered, outlining Theresa May’s plans and her pledge to win “the trust and confidence” of the British people. Read more: Live: The Queen’s speech The Queen’s speech: The full text My Lords and Members of the House of Commons. My government’s priority is to secure the [...]
Why crowd-based capitalism has changed the economy June 14, 2017 Technological advances are reshaping our jobs and the nature of work. How will the global economic system evolve? What will the future of work look like? As an observer of digital disruption, Arun Sundararajan, author of The Sharing Economy and Professor of Information, Operations and Management Sciences at the NYU Stern School of Business, noticed [...]