Chinese bid for Northern Aerospace falls through as regulator denies approval July 9, 2018 Chinese takeover attempts to buy a British defence company have fallen through, according to UK private equity firm Better Capital. Approval has not been given for aircraft parts maker Northern Aerospace to be purchased by Derby-based Gardner Aerospace, a subsidiary of Chinese aerospace and mining firm Shaanxi Ligeance Mineral Resources. Read more: Aerospace sector revises [...]
Audit bigwigs say lack of timetable for reform of troubled regulator is ‘a concern’ September 11, 2019 The heads of two leading audit bodies have expressed concern about perceived government inaction on the reform of the troubled accountancy regulator. Chief executive of the Institute of Chartered Accountants in England and Wales, Michael Izza, said slow progress on the reform of the Financial Regulatory Council (FRC) “is something of a concern”. Ian Peters, [...]
Competition watchdog flags concerns over media intelligence merger between Nielsen and Ebiquity June 13, 2018 The proposed merger of marketing consultancies Ebiquity and Nielsen has sparked concerns from the competition watchdog. Nielsen and Ebiquity monitor the advertising habits of companies and are the only suppliers of this intelligence across the UK media. Ebiquity announced in February that it wanted to sell its advertising division to Nielsen. The Competition and Markets [...]
Why passionate innovators make for better investors November 19, 2019 What does it take to succeed in business and investing? Differentiation is among the key ingredients. You need to offer a product that differs from the competition in a way that clients recognise as added value. If you want to beat the market as an investor, the first thing you need to do is something [...]
Three New Year’s resolutions for the wealth management industry January 8, 2020 The year ahead has the potential to be a defining one for the wealth management industry, following a difficult 12 months that have seen client confidence rocked by a number of high-profile issues. Whether it’s the suitability of investment products, exorbitant and opaque fees, or the need to build a better and more inclusive dialogue [...]
This week: Why the Pound shone over the Euro January 24, 2020 After a poor end to last week, the pound responded with a dominant performance this week, gaining an average of 0.8 per cent against the other major currencies. Indeed, it was only the Japanese yen that it lost out to (dropping 0.2 per cent). Such a performance has helped the pound climb to the top [...]
Mark Kleinman: Financial Reporting Council must offer clarity on Haddrill’s future November 2, 2018 The 900 UK partners at PwC were unable to deduce much from a voicemail left for them this week by their boss, Kevin Ellis, about its plans for the future of the UK audit market. His message was “very top-level”, according to one person who heard it: the details of its blueprint, submitted to the [...]
Football needs spending caps, open auctions for players and fairer distribution of revenues or an increasingly narrow group of clubs will prosper July 21, 2019 As memories of a tumultuous 2018-19 season fade, it is tempting to believe all is well with the beautiful game. Scratch the surface, though, and it is apparent that football faces formidable challenges as market forces tighten their grip on its evolution. From the growing influence of a small number of global super clubs to [...]
Facebook seeks Swiss licence for Libra cryptocurrency September 11, 2019 Facebook’s cryptocurrency project Libra has applied for a payment licence from Switzerland’s financial watchdog, following a widespread backlash from politicians and regulators. The Libra Association announced today that it intended to apply for a licence from Switzerland’s Financial Market Supervisory Authority (FINMA) to be regulated as a payment systems operator and had “submitted a request [...]
Culture secretary Matt Hancock expected to make decision on Rupert Murdoch’s Sky takeover this week July 8, 2018 Culture secretary Matt Hancock is this week expected to reveal whether Rupert Murdoch's 21st Century Fox will be given clearance to take over Sky and bat off a rival bid from Comcast. If Hancock gives Murdoch the go-ahead, the media mogul will buy the 61 per cent stake in Sky he does not already own. [...]