Blend secures £120m boost for lending extra ‘muscle’ to UK property developers April 11, 2022 Property capital firm Blend Network has secured a record £120m boost to its lending of that extra “muscle” for UK developers. Blend, backed by OakNorth Bank chairman and former Barclays vice chairman Cyrus Ardalan, snagged the sum from a consortium of six large family offices “Obtaining a record £120m committed funding line from such a [...]
Titanic Technology, where the fun never Ends October 14, 2022 It was Benjamin Franklin who said: “nothing can be said to be certain, except death and taxes”. In addition to that I can add another certainty – the lack of quality IT developers in the Financial Technology landscape. Blessed is the geek, for they shall inherit if not the earth, then a hefty salary, possible [...]
Credit Suisse’s scalped chairman lays bare the new rules of post-purpose business January 18, 2022 Perhaps it’s time for an amnesty. All those in prominent positions in public life who flouted a lockdown rule here or there should fess up in return for a short, sharp rebuke from Sue Gray and no further repercussions. No doubt the prime minister would welcome such a resolution. But it would come too late [...]
Civil Court delays will harm UK businesses, legal experts say March 22, 2022 Legal experts have warned that record long civil court delays will create complications for UK businesses, after new data showed claimants must now face 74 weeks waiting times before their cases are heard. Claimants are being forced to wait for more than a year for their cases to be heard in civil courts, new data [...]
Victoria Scholar: Credit Suisse’s next move, luxury wins and a guilt-free sirloin steak April 25, 2023 The Notebook is where interesting people say interesting things! Today it’s Victoria Scholar, the head of investment at Interactive Investor. Here’s what she has to say: Credit Suisse released its final set of earnings for the period ahead of the CHF 3 billion takeover from UBS in March. The Swiss bank suffered a CHF 67 [...]
Boost in Americas and Asia: Page Group hikes profit outlook for second time this quarter October 6, 2021 Recruiting giant Page Group has increased its outlook for the year for the second time in just three months, as the company reported strong profits in the Americas and Asia. Page said that it had seen gross profit jump by nearly 25 per cent in the Americas in the third quarter of the year when [...]
JP Morgan offers to cover hotel quarantine costs for staff in Hong Kong November 22, 2021 JP Morgan has offered to give staff in Hong Kong up to $5,000 to cover quarantine costs, so they can visit families abroad. The city has tough quarantine rules, meaning arrivals into Hong Kong must quarantine in a hotel for up to three weeks. In a memo to staff, the investment bank said: “We recognise [...]
United Nations job offer to Matt Hancock withdrawn after only three days October 16, 2021 A United Nations job offer to disgraced former health secretary Matt Hancock has apparently been withdrawn after only three days. Earlier this week, Hancock announced he had been appointed a special representative to the UN in an unpaid role. The former cabinet minister, who resigned in June after admitting he broke coronavirus restrictions during relations [...]
Rampant inflation swells UK debt interest bill and pushes up government borrowing June 23, 2022 Inflation is swelling the UK’s interest bill and forcing the government to borrow more money to pay investors, official figures released today revealed. The amount of money the government paid to holders of UK debt jumped just over 70 per cent over the last year, reaching £7.6bn in May, up from £4.5bn last year, according [...]
AI and Big Data to be ‘most disruptive’ tech in pharma industry in 2022 February 10, 2022 AI and Big Data as a powerhouse duo will be the ‘most disruptive’ emerging technology in the pharmaceutical sector in 2022. This year is anticipated to be studded with high-figure tech deals within the healthcare space, after hailed Covid-19 vaccine maker AstraZeneca and BenevolentAI expanded their drug discovery partnership just weeks ago. “Undoubtedly AI [...]