The City post-Brexit: A discussion about the Square Mile’s future in Global Britain July 14, 2021 This discussion focuses on the Treasury’s strategy paper on MIFID2, the proposed review of the prospectus regime, the post-Hill Review and the latest Treasury paper on Solvency2. Also on how and whether the UK should open up more to cryptos in the wake of the crackdown on Binance, and thoughts on what we could/should do [...]
Luxury car maker Rolls-Royce achieves highest sales growth in 115-year history in 2018 January 10, 2019 Luxury car maker Rolls-Royce enjoyed a record-breaking year last year, as annual sales reached 4,107 cars – the highest in the marque's 115-year history. The main driver of growth was the company's Phantom model, which chief executive Torsten Muller-Otvos called "flight on land, a magic carpet ride in its purest form". Donald Trump-driven tax reforms in [...]
We planned a foodie road trip around Wales that you can complete in four days November 27, 2018 It took me 30 years to get to Wales. I never had an aversion to it, it was just easier to get on a plane than it was to learn how to drive. As a lifelong Londoner with no family to visit regularly beyond the M25, there was no immediate reason to learn, so I [...]
Virtual world games development platform Improbable valuation tops $2bn after securing investment from Chinese giant NetEase | City A.M. July 27, 2018 Chinese tech giant NetEase has ploughed $50m into tech startup Improbable, pushing the value of the London-based virtual world firm to $2bn. The investment took the form of new shares, existing shares and a “small stake” in the company, and will strengthen Improbable’s competitiveness as it supplies game development technology to game-makers in Asia. Improbable, [...]
Are UK supermarkets ready for Brexit? September 25, 2019 “One can say very clearly what the direction will be: higher prices, less choice, and poorer quality, because all of those dimensions have been improved by these open trading relationships that we’ve had over the last 40 years […] Brexit, almost in whatever version it is, will introduce friction, it will introduce barriers. That makes [...]
RBS’ new digital bank to be called Bo September 27, 2018 Royal Bank of Scotland is understood to be exploring the launch of a digital-only standalone consumer bank, which will go live under the name Bo. Charging forward with RBS’ former operations chief Mark Bailie at the helm, roughly 100 staff are thought to have been briefed on the project’s name, sources told Sky News. [...]
Digital banking challenger Monese launches business accounts October 18, 2018 Digital banking app Monese will today announce its expansion into the world of business banking, as it launches accounts for young companies and entrepreneurs across the UK and Europe. The accounts will be released to UK-registered businesses first, available in 11 languages in a bid to tap the UK's growing multicultural industry base. The firm told City [...]
Cabinet reshuffle live: Chancellor resigns over turf war with No 10, as PM shakes up top team February 13, 2020 This is a live blog, please hit refresh to update 6pm – Live blog wrap Well, that’s your lot for today – at least, in terms of this live blog. My colleagues will be picking up on the rest of the appointments this evening and tomorrow. It was quite a day – certainly more of [...]
Tesla to defend lawsuit alleging foreign workers were threatened with deportation October 3, 2018 A case filed against Tesla in California which alleges the firm knew foreign employees were threatened with deportation has been given the green light to go to trial. US federal judge Lucy Koh ruled Tesla must defend itself against two of seven claims, in which the plaintiffs argue foreign workers at its Fremont, California plant [...]
Brexit: Commons speaker picks four indicative votes for MPs to debate April 1, 2019 A fresh attempt to break the UK’s Brexit deadlock was made today as MPs prepare to vote on four indicative motions to decide on a path forward. Prime Minister Theresa May’s deal was rejected for a third time last week by a margin of 58 votes as parliament opted against leaving the EU with her [...]