Britain must be tough but empathetic toward the EU to secure a good Brexit for the City of London January 19, 2017 Britain's departure from the EU will dominate 2017. Theresa May has set out her 12 Brexit objectives, Article 50 will be triggered shortly, and elections in France, Germany and the Netherlands threaten to further destabilise the existing order. Every sector of Britain’s economy will be affected. Protecting the future of Britain’s financial services industry – [...]
The investment lesson from Nike’s humble start – and the ‘$35’ swoosh logo December 13, 2017 Most books about successful businesses or entrepreneur’s autobiographies follow a pattern. There will be stumbles along the way but there is almost always a sense of inevitability, the feeling that everything is going to turn out fine. Read Shoe Dog, however, and you will be continually amazed that, most days, entrepreneur Phil Knight was able [...]
Language of love: France boosts efforts to woo London bankers October 31, 2016 France has increased its efforts to win over British businesses in the aftermath of the Brexit vote. Many have been worried some of the financial services giants in London may exit the capital as the UK departs from the EU, especially if the government fails to secure passporting rights, or a viable alternative, as part of [...]
City representatives at civil war over how to respond to Brexit vote July 19, 2016 Lobby groups tasked with promoting London's financial services have fallen into a bitter civil war over how the industry should respond to the UK’s decision to leave the European Union. Taking aim at rival organisations, the Chartered Institute for Securities and Investment (CISI) yesterday attacked both the British Bankers’ Association (BBA) and TheCityUK for not “stepping [...]
Financial Conduct Authority (FCA) proposes to clear the way for London Saudi Aramco listing with new rules July 13, 2017 The UK’s financial watchdog has proposed new rules to make it easier for sovereign state-owned companies like oil giant Saudi Aramco to list their shares in London. The Financial Conduct Authority (FCA) today launched a consultation on a new premium listing category that will exempt certain companies from rules on related party transactions and controlling [...]
American investment in London property is at an all time high due to the fall in sterling. But what are they buying and where? July 7, 2017 Earlier this week, US citizens all over the world were celebrating Independence Day, yet for the first time in a long time, many of them had one eye on the fireworks and another across the Atlantic on the bargains to be had back in the Old Country. Following the fall in the pound due to [...]
Pride in London 2017: Barclays leads host of Britain’s biggest firms in support of LGBT+ event June 23, 2017 City stalwarts and some of the UK’s largest companies have rallied in support of Pride in London 2017. A raft of the great and the good from the corporate world have stepped up to sponsor the event. Barclays is one of two headline sponsors together with the Mayor of London office. This year’s event takes [...]
Firms could be shocked at financial fallout from Petya and Wannacry cyber attacks, warns Lloyd’s of London June 28, 2017 Firms could be shocked at the cost of cyber attacks, such as yesterday’s Petya ransomware hack, with one of the City’s oldest financial institutions warning the reputational fallout is “what kills modern businesses”. Lloyd’s of London said today businesses need to prepare themselves for “slow burn” costs that follow cyber attacks such as reputational damage, [...]
London transport disruption: Tower Bridge is closing to traffic for three months August 31, 2016 Travelling from the City to the south side of the river is about to get a whole lot more fun – Tower Bridge is set to close to all traffic for three months. No vehicles will be allowed access to the London landmark from Saturday 1 October to Friday 30 December, while the City of London [...]
Libor will end in 2021 says Britain’s top financial regulator July 27, 2017 The infamous Libor benchmark lending rate is set to be dropped in 2021, the UK’s top financial regulator said today. Financial Conduct Authority (FCA) boss Andrew Bailey said the London interbank offered rate (Libor) will no longer receive the backing of regulators as the industry tries to move to a more reliable marker. Libor, which [...]