Thinking smaller: Why Tunisian olives hold the key to the UK’s post-Brexit trading success January 11, 2017 On reaching the Americas in 1519, Hernán Cortés burnt his ships. Pointing up the beach he told his astonished crew that, since retreating to Europe was no longer an option, the only way was forward to the possibilities he anticipated in the New World. Britain now stands on the brink of its Cortés moment. When Article [...]
Another huge win for post-Brexit UK: Snapchat sets up international HQ January 10, 2017 Snap, the newly formed parent company of huge hit messaging app Snapchat, has chosen to set up its international headquarters in the UK in another boost for a post-Brexit UK. The multi-billion-dollar valued firm which is expected to go public this year will book its UK sales here, and those from countries where it has no [...]
Post Office is cutting 300 jobs as it ditches 37 offices January 10, 2017 The Post Office may cut as many as 300 jobs as it closes or franchises 37 of its offices. The Communication Workers Union said the job losses will include 127 financial specialist roles. In a statement today the Post Office said it is seeking partners for 37 branches, in addition to 93 it previously announced. “We’re [...]
London Tube strike January 2017: These are the 84 Tube stations closed due to strike action today January 9, 2017 Transport for London (TfL) has confirmed that 84 Tube stations are closed across the capital due to strike action taking place today. TfL Twitter accounts posted the following list of closed stations as of 12 PM but warned that the list was subject to change. The 84 shut stations represent almost one third of the total 270 [...]
Upbeat banking earnings bonanza predicted this week, as analysts forecast revenue bump for JP Morgan January 8, 2017 All eyes will be on Wall Street later this week, as the US' banking behemoths get set to reveal their fourth quarter, and latest full-year, results. JP Morgan, Wells Fargo and Bank of America are scheduled to be the first out of the gate, as the trio are due to deliver their results on Friday 13 [...]
A new US intelligence report says Russia helped Trump win the US election, but gives little evidence of how January 7, 2017 The Russian government helped Donald Trump win the US election by discrediting his rival Hillary Clinton, US intelligence agencies said in a report released last night. "We assess Russian President Vladimir Putin ordered an influence campaign in 2016 aimed at the US presidential election," the report said. "We further assess Putin and the Russian government developed [...]
Jamie’s Italian to slim down with restaurant closures January 6, 2017 Jamie's Italian is slimming down. The celebrity chef's restaurant group is shutting six of its outlets, which are likely to be sold in the first quarter of this year. The Brexit vote has been weighing on the business, and Jamie's has decided to close the restaurants which aren't getting enough people through the door. Campaign group [...]
A big year, but it won’t Trump 2016’s shocks January 6, 2017 2016's events made fools of most pundits, and looking back at my column exactly a year ago, I fared little better. True, I correctly said that Santander UK would re-engage in an effort to buy Royal Bank of Scotland's Williams & Glyn unit, but I was well wide of the mark arguing that the FTSE-100 [...]
A liberal Brexit means continued EU-UK cooperation – but this time as equals January 6, 2017 Brexit means something remarkably straightforward: at some point before the middle of 2019, the UK will no longer be under the jurisdiction of any EU court or legislature. The fact of our impending departure does not, however, mean cutting ourselves off from Europe. If Brexit is easy to define, the details of what our post-EU relationship [...]
Tullow Oil finance boss to take medical leave January 5, 2017 Ian Springett, the chief financial officer at Africa-focused oil giant Tullow Oil, will take an extended leave of absence from the company in order to undergo treatment for a medical condition, the company said today. Springett will be replaced temporarily by Les Wood, Tullow's vice president of finance and commercial, who joined the company in 2014. The [...]