Pension Insurance Corporation will launch a £250m corporate bond to fund a raft of new business November 17, 2016 A wave of Britain's largest firms are planning to offload huge pension liabilities to a key market player. The Pension Insurance Corporation (PIC), a company that specialises in taking pension headaches away from businesses, will today launch a £250m investment bond to fund a bottleneck of deals in late 2016 and early 2017. Sources close to the [...]
Editor’s notes: Forget about Murdoch, media dominance is now an online battle December 16, 2016 For a while this week it felt as if we’d slipped back five years, as Ed Miliband and Vince Cable dusted down their criticisms of Rupert Murdoch. 21st Century Fox’s bid for Sky saw the former Labour leader take to Twitter like a student protester. “Do we want Rupert Murdoch controlling even more of [the] [...]
Exclusive: West Ham transfer boost as club signs up forex and payments provider TransferMate December 20, 2016 West Ham will today announce a deal with global payments company TransferMate that the club believes will give them a significant advantage when buying and selling players. The multi-year agreement sees TransferMate become West Ham’s exclusive foreign currency provider, meaning the club can expect to benefit from better exchange rates and lower bank fees in [...]
VW’s launched a new company to discover the future of transport December 5, 2016 Volkswagen is launching a new business that will focus on the growing area of urban mobility such as on-demand travel and electric cars. Moia will operate as an independent company within the German car group based in Berlin and will "act more nimbly, like a startup" but with access to the expertise and funding of [...]
Sadiq Khan: I will unite London and be the most pro-business mayor yet May 5, 2016 Millions of Londoners will have the opportunity today to vote for a new mayor. And when it comes to business and the financial sector, this election matters. London is an established global leader in business services and international finance. We are also a growing force in newer industries such as tech, low carbon and life [...]
West Ham accused of dodging its policing costs November 30, 2016 West Ham has managed to dodge over £43,000 in policing costs for their recent home game against Stoke. The information was revealed to Labour London Assembly Member Andrew Dismore by Sadiq Khan as part of Mayor’s Questions. Dismore criticised former mayor Boris Johnson for a deal between West Ham and the London Legacy Development Corporation (LLDC) [...]
The London mayor’s ploughed £2.5m into startups since Brexit November 28, 2016 The Mayor of London has ploughed more than £2.5m into the capital's soon-to-be star startups since the vote for Brexit in a bid to show the world the city's "open for business", as he unveiled a new line up of advisors drawn from the UK's ranks of top entrepreneurs and business leaders. Sadiq Khan hailed the London Co-investment [...]
The UK government’s crackdown on encryption threatens to undermine London’s fintech boom February 10, 2017 Talk of calamity befalling corporate Britain as we negotiate our EU exit is typically overblown. Nevertheless there is a potentially serious conflict in the making between the UK government’s stated desire to maintain access to certain online data for reasons of national security and the continental European determination to institute a modern system of information [...]
“Posturing” Euro chief Dijsselbloem warns against London remaining Europe’s financial hub November 29, 2016 London cannot remain the Eurozone's financial hub if Britain is not bound by EU financial rules, Eurogroup President Jeroen Dijsselbloem has warned. Dijsselbloem told a European Parliament committee he did not expect Britain to accept being bound by EU rules after leaving the bloc, and so the Union would have to take a "firm stand" [...]
City Moves for 17 November 2016 | Who’s switching jobs November 17, 2016 CBRE CBRE, the world's leading real estate adviser, has appointed Lorraine Hughes as a senior director in the UK planning team, based in London. Lorraine joins the firm from Turley. Lorraine specialises in providing commercial planning advice on large and complex central London projects. She has extensive experience advising both private and public sector clients [...]