CBI beefs up London leadership team in preparation for Brexit negotiations September 5, 2016 Business group the CBI has refreshed its London leadership team as the organisation prepares for a turbulent few years representing the capital’s firms in the wake of the Brexit vote. Vivian Hunt, managing partner for top consulting firm McKinsey’s UK and Ireland offices will become chair of the CBI London council, while CBI insider and [...]
Boom time in the City as Brexit gives a boost to professional advisers October 24, 2016 The UK's vote for Brexit has delivered a big boost for City advisers as firms scramble to find out how they should respond to a period of unprecedented uncertainty. Insolvency firm Begbies Traynor found the number of professional services firms in "significant financial distress" had dropped by 10 per cent since the EU referendum, as new [...]
EU referendum: Business groups hit back at claims by Boris Johnson that business support for remaining in EU is not as strong as commonly thought March 23, 2016 Mayor of London Boris Johnson has said that business support for the European Union is not as zealous as people commonly think, in a clash with senior Tory MP Andrew Tyrie. Speaking to MPs, Johnson said that he is aware that organisations such as the CBI and the British Bankers Association are in favour of [...]
Network Rail pays £316m in penalties for planned engineering works over the last year December 2, 2016 Network Rail has revealed which rail companies benefit the most from penalty payments for planned engineering works. And London's commuters may be shocked to hear the name that isn't at the top… No, neither Southern nor parent company Govia top the pile of operators which receive handouts from the publicly funded body in charge of Britain's rail infrastructure. [...]
Now you can book an Uber in advance as Scheduled Rides comes to London August 25, 2016 Uber is shaking up the way users can order a car, expanding upon the on-demand model which first made it a hit with a new feature for scheduling journeys ahead of time. People will now be able to book a car up to a month in advance of their journey, or just 15 minutes ahead. [...]
From pensions panic and Barclays bungles to Brexit blues and half pint horrors: Here’s what got us talking this week March 4, 2016 There was a hush hush high profile wedding. There were some fancy cars. And there was the disappointing discovery that having a job actually costs you money. Here's what got us talking 1) Pensions panic Retirees at both ends of the spectrum continued to fret over changes to their pension scheme. In one corner, we [...]
M&A slowdown will hit profitability at law firms, but fintech boom offers hope September 19, 2016 Declining M&A activity and downward pressure on fees will hit profitability at the UK’s top law firms, lawyers have predicted. However, new opportunities in London’s booming fintech sector will help to offset these risks. According to a new report by Thomson Reuters Legal, almost one quarter (24 per cent) of the finance directors (FDs) at [...]
Theresa May is angering both Leavers and Remainers October 17, 2016 Theresa May’s approach to Brexit has proved immensely frustrating to those who found themselves on the losing side of the referendum debate. This frustration, based at first on the idea that the government lacked any kind of plan, is turning into despair at the realisation that the PM does not intend to give any ground [...]
Theresa May is to promise an “unashamedly pro-business” government November 14, 2016 Prime minister Theresa May will today vow to lead an “unashamedly pro-business” government, while also vowing to crackdown on bosses that “game the system”. Speaking at the Lord Mayor's Banquet at the Guildhall tonight, May is expected to stress her desire to make the UK an attractive destination for businesses to invest after Brexit. Citing the [...]
The number of new businesses in London keeps on rising October 4, 2016 The capital’s still the place to be for budding businesses, according to new figures from the Office for National Statistics (ONS). London has the largest number of VAT and/or PAYE-based businesses – 18.7 per cent of the UK total, as well as experiencing the largest growth – up 7.2 per cent between 2015 and 2016. Its [...]