Bank of England steps up Brexit derivatives warnings in plea for EU to take action October 9, 2018 The Bank of England has doubled down on its call to the EU to put measures in place to allow European banks to access UK-based clearing houses after Brexit, avoiding financial market chaos which could damage firms across the continent. City lobby groups echoed the Bank's plea, urging the EU to stop using clearing as a [...]
Legal activity fuels London growth as UK recruiter boasts of record third quarter October 9, 2018 British recruitment firm Robert Walters said this morning it had enjoyed a record third quarter amid efforts to ramp up expansion across Europe and Asia. The recruiter’s share price climbed more than three per cent in early morning trading, after posting a a 12 per cent rise in gross profit during the third quarter of 2018. Across all of [...]
Forget Brexit, there’s a reason India’s top tech entrepreneurs are flocking to Britain October 9, 2018 Trade between Britain and India looks like it is about to take an almighty hit. Both sides are in a state of stalemate over a trade deal, and huge Indian companies are issuing warnings about investing in the UK post-Brexit. But scratch beneath the surface, and trade between the country of my birth and the country [...]
Knight Frank increases profits, despite volatile markets and politics October 8, 2018 Estate agent Knight Frank increased its profit before tax by 14 per cent last year, seeing off challenges from volatile markets and politics. The company increased turnover by £50m to £526m in the year ending March – a ten per cent rise. The increase is payoff for its investment in staff over the last five [...]
Epiris raises £821m for first fund and targets UK-based businesses October 3, 2018 Private equity firm Epiris has closed its first fund, raising £821m, and said it wanted to add to its acquisitions of auction house Bonhams and Time Inc's UK operations. The London-based group said the fund's strategy was to target UK-headquartered businesses with an enterprise value of between £75m and £500m – deploying up to £150m [...]
Topps Tiles shares go through the roof as full-year profits race ahead of expectations October 3, 2018 Topps Tiles shares are soaring ahead this morning after it said pre-tax profits for the year would be at the top end of market expectations. Shares in the tiling business rose as much as 11 per cent and are now are trading 10 per cent higher. A trading update said adjusted revenues for the 52 weeks up [...]
Will Britain Lead the 4th Industrial Revolution? October 2, 2018 With the USA in isolationist mode, if not paralysis, who will lead the west, post-Brexit and as we enter the full flood of what the World Economic Forum’s Klaus Schwab dubbed The Fourth Industrial Revolution: “The possibilities of billions of people connected by mobile devices, with unprecedented processing power, storage capacity, and access to knowledge, [...]
Blockchain and the Future of Humanity: Economy. Environment. Ethics October 2, 2018 Crypto Challenge Forum is the world’s major industry event. It will take place on 28-30 October 2018 at the iconic Central Hall Westminster, London, connecting global thought leaders, policy makers, investors and startups from across the world for a three-day top content event. It will be attended by industry leaders, think tanks, institutional and private [...]
Rail regulator appoints interim CEO to replace government-bound boss October 2, 2018 The rail regulator has appointed an internal candidate as chief executive to replace its outgoing boss Joanna Whittington, who is to take up a position in government. The Office for Road and Rail (ORR), which recently carried out a review into the disastrous May timetable upgrade, has appointed John Larkinson, its current director of railway markets [...]
City watchdog boss rejects calls for financial services deregulation post-Brexit October 2, 2018 The chair of the Financial Conduct Authority today said that the City regulator will not engage in a “race to the bottom” after Brexit in a bid to preserve the UK’s position among global financial centres. Charles Randell said calls for deregulation from some quarters of the financial sector show that “some memories are beginning [...]