Our CANZUK friends should be welcome in post-Brexit Britain | City A.M. April 16, 2018 The flags around Parliament Square are up, the hotels, bars, restaurants, and meeting rooms of the City are fully booked, as the heads of 53 Commonwealth governments fly into town. But while we’re rolling out the red carpet for visiting dignitaries, there’s a chillier welcome to their citizens. Britain has never quite found its role [...]
London Stock Exchange Group appoints Goldman Sachs veteran David Schwimmer as its new chief executive April 13, 2018 The London Stock Exchange Group (LSE) has appointed David Schwimmer, a longtime Goldman Sachs banker, as its new chief executive. Schwimmer will join the group on 1 August, succeeding Xavier Rolet, who left amid a bitter public row with an investor to oust the group’s chairman, which was sparked by the announcement in November 2017 [...]
“People can judge me on whatever basis they like” – departing SFO director David Green says final farewell April 13, 2018 The view of Trafalgar Square surrounding David Green’s office is one he will miss. The departing director of the Serious Fraud Office (SFO) has enjoyed the architecture for the six years that he has been in, and reshaped, the role that has attracted – perhaps surprisingly – a fair amount of political drama. Green has [...]
OPCW backs UK on Salisbury nerve agent attack April 12, 2018 The Organisation for the Prohibition of Chemical Weapons (OPCW) has backed the UK over Salisbury, confirming that the samples it has tested met “the identity of the toxic chemical” named as Novichok by the government. The nerve agent – which the OPCW did not name in its statement – hospitalised former double agent Sergei Skripal, [...]
EU’s statistics office prepares for post-Brexit world with new measures without UK April 10, 2018 The European Commission’s statistics office, Eurostat, today announced it will create new figures for its most important data excluding the UK ahead of Brexit. With less than a year to go until the UK leaves the EU, Eurostat said it will publish numbers for the EU28 without the UK for indicators like GDP, unemployment, and [...]
Facebook tells EU data of up to 2.7m Europeans may have been “improperly shared” with Cambridge Analytica April 6, 2018 The European Commission will speak with senior Facebook executives next week after it emerged that political consultancy Cambridge Analytica may have obtained the data of 2.7m EU-based users of the social network. The Commission said it received a letter from Facebook last night and was looking for more details. “Facebook confirmed to us that the [...]
Facebook may shared personal data of 87m people with Cambridge Analytica – not the 50m previously thought April 4, 2018 Facebook today admitted almost 30m more people than previously thought may have had their personal data handed over to Cambridge Analytica. Some 87m, most of which were from the US, may have had information improperly shared. Previously, the social media giant estimated a figure of 50m. Chief technology officer Mike Schroepfer revealed the increased numbers [...]
Easyjet CEO says forced sale of UK shares after Brexit “won’t need to happen” April 3, 2018 Easyjet’s CEO Johan Lundgren has said he does not think UK nationals will be forced to sell their stake in the airline after Brexit, saying he is “confident” a deal will be reached with the EU. Speaking exclusively to City A.M., Lundgren said his decision to amend Easyjet’s articles of association was a “precautionary measure” [...]
Challenger bank Starling launches business accounts as it eyes £120m RBS competition pot | City A.M. March 29, 2018 Challenger bank Starling is launching business accounts as it targets a pot of cash being paid out by RBS. The product will make Starling the first mobile-only bank to have business accounts. It comes as the company targets “Pool A” of grants worth up to £120m for the development of business current accounts. The grant [...]
Facebook unveils privacy changes in bid to become more transparent after Cambridge Analytica scrutiny March 28, 2018 Facebook said today it will be making its privacy tools easier to find in a bid to boost transparency and improve trust after last week’s furore over the revelations involving Cambridge Analytica. The firm has been embroiled in controversy with Facebook over allegedly using the personal data of 50m users to influence the 2016 US [...]