World’s richest clubs 2018: Arsenal overtake Paris Saint-Germain to take sixth place as Manchester United top Deloitte Football Money League January 23, 2018 Arsenal have overtaken Paris Saint-Germain as the sixth richest club in the world, according to the latest edition of Deloitte’s Football Money League. The Gunners’ revenue for last season of £419.0m (€487.6m) made them the third highest-placed English team in the annual list, published today, behind only Manchester United and Manchester City. The north Londoners [...]
World’s richest football clubs 2018: Manchester United hold off Real Madrid and Barcelona in Deloitte Football Money League January 23, 2018 Manchester United have retained their billing as the world’s richest club after they pipped European champions Real Madrid to first place in Deloitte’s Football Money League. United, who benefited from winning the Europa League and lucrative new Premier League broadcast contracts, outstripped Real and Barcelona last season despite the fall in value of the pound. [...]
Facebook’s promising to help Europe learn digital skills and invest more in Paris artificial intelligence research centre January 22, 2018 Facebook is the latest US tech giant to jump on the digital skills bandwagon, promising to train one million people across Europe by 2020. And it’s also putting more cash behind its artificial intelligence efforts, investing €10m more in its Paris-based AI research lab. Read more: Facebook to expand probe into possible Russian influence on [...]
The European Union stands to benefit from a City Brexit deal January 22, 2018 French President Emmanuel Macron made quite an impression during his brief visit to the UK last week. Not since the visit of President Obama in 2011 has the British media been quite so excited about catching a word from a visiting politician. Angela Merkel may be a step closer to forming a government (Berlin watchers [...]
The narrative is shifting – it’s now time to rekindle trust in business January 22, 2018 As business leaders face fire on everything from executive pay to labour standards and tax avoidance, the temptation can be to hunker down and keep out of the fray. It is only natural to want to avoid high-profile debate for fear of criticism. The problem is that managed retreat is not a strategy for rebuilding [...]
Boom time: Clear Bank founder Nick Ogden on his efforts to start a British banking revolution January 15, 2018 Even in the ancient world of City banking, 250 years is a long time. Yet that was how long the UK has had to wait for a new clearing bank until Nick Ogden launched Clear Bank out of the blue last year. A decades-long consolidation of clearing banks – which provide banking services to other [...]
US President Donald Trump bins UK visit after “peanuts” embassy sell-off January 12, 2018 Donald Trump has scrapped a trip to the UK in February after blasting plans to sell off the US embassy in London. The US president took to social media this morning saying the iconic Grosvenor Square building had been sold off for “peanuts”. A $1bn (£740m) new US embassy, first announced by George Bush and [...]
Female-focused machine learning could change how financial advisers serve women January 10, 2018 Many companies already know that women are becoming more prominent as wealth holders, are directing more wealth investing than before, and are often their largest consumers. However, while women are the target customers, they are still underserved by financial advisers. Most financial services firms have optimised themselves to communicate with and serve male as opposed [...]
Machine learning could change the game for female investors in 2018 January 10, 2018 Many companies already know that women are becoming more prominent as wealth holders, are directing more wealth investing than before, and are often their largest consumers. However, while women are the target customers, they are still underserved by financial advisers. Most financial services firms have optimised themselves to communicate with and serve male as opposed [...]
Who is the new City minister? Salisbury MP John Glen takes reins from Steve Barclay as Theresa May’s reshuffle concludes January 9, 2018 Salisbury MP John Glen has been named the new City minister, as Theresa May’s reshuffle concludes. Glen, who will have responsibility for Brexit, takes the reins from Steve Barclay at a critical point in the withdrawal process. He is the 11th economic secretary to the Treasury in the last decade, with the role being held [...]