Britain’s prosperous future depends on attracting talent on and off our shores January 12, 2022 I have spent my life as a first-generation immigrant building businesses in the UK. For my entire career I have been an internationalist in favour of membership of the EU. I even got elected as a LibDem MEP for London in 2019, on a second referendum agenda. I was a gold card-carrying Remainer. But I [...]
Turning off support now puts at risk billions of taxpayers’ cash already spent January 11, 2022 At least we now know Number 10 can organise a p***-up, even if it wasn’t in a brewery. Some of their decision-making in recent weeks, and indeed since the start-of the pandemic, had rather suggested it was beyond them. Nowhere is that more clear than in the ongoing work from home order, which is gradually [...]
Fintech fail: Home Office bars start-ups banked with Revolut from visa sponsorship licence January 11, 2022 The fintech revolution is sweeping through Government – but it appears it hasn’t yet hit the Home Office, which bars start-ups who bank from Revolut from acquiring a vital visa sponsorship licence. Recently-founded businesses looking to gain a licence to “sponsor” foreign workers through the government’s new visa system must submit evidence of a corporate [...]
Rate lift off to boost Wall Street banks’ bottom lines this year as investors eye earnings season January 11, 2022 The US Federal Reserve flexing its inflation fighting muscles this year by hoisting interest rates rapidly is set to boost Wall Street banks’ bottom lines in 2022. The likes of JPMorgan, Goldman Sachs and Citi are in line to benefit from Fed chair Jerome Powell leading the fight against a spiralling cost of living across [...]
Buyout giants launch takeover bid for Boots January 11, 2022 Two buyout giants have teamed up to launch a multibillion pound takeover bid for high street chemist Boots, according to news reports. Bain Capital and CVC Capital Partners are reportedly putting together a joint bid for the 172-year-old chain after the firm was reported to be lined up for sale by owner Walgreens Boots Alliance [...]
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
Citadel Securities sells $1.15bn stake as it eyes up global expansion January 11, 2022 Electronic trading firm Citadel Securities as the firm reportedly gears up for international expansion.
Tesla registers record sales of China-made vehicles January 11, 2022 Tesla sold a record 70,847 China-made vehicles in December, the highest number since the US company started manufacturing in Shanghai in 2019. According to data from the China Passenger Car Association, the manufacturer’s sales tripled compared with the previous year, also going up 34 per cent on November levels. The latest production influx pushed the [...]
Turn around: Steep rise in EU nationals refused entry into UK as Brexit controls tighten with Romanians half of all who are stopped at border January 11, 2022 The number of EU nationals who have been prevented from entering the UK has risen by a third, according to new data shared with City A.M. this morning. As the Home Office is stepping up controls, the number of European nationals stopped at the border climbed to 5,266 in the third quarter of last year, [...]
London’s Looop snapped up by SoftBank-backed ed-tech firm for $20m January 11, 2022 London-based corporate learning company Looop has been snapped up by SoftBank-backed education technology firm 360Learning for some $20m. Looop, which works with fintech giants Klarna and Monzo, as well as retail heavyweight Asos, is 360Learning’s first-ever acquisition. “Now as learning and development grapples with the triple hit of remote work, the Great Resignation, and the [...]