Government departments to examine ‘social value’ in procurement after Carillion scandal June 25, 2018 The government will force its departments to examine “social value”, and not just cost, when making procurement decisions, it will announce today. Bids by smaller firms, mutuals, charities and co-operatives for government work will also be boosted, David Lidington, Prime Minister Theresa May’s de facto deputy, will announce in a speech in London. The move [...]
What Anthony Scaramucci did next March 4, 2019 After a brief and calamitous stint in the White House catapulted him to international fame, Anthony Scaramucci is back at SkyBridge Capital, the hedge fund he founded in 2005, he has revealed in an interview with Opto magazine. For a brief period in July 2017, Anthony Scaramucci found himself at the centre of American politics. [...]
Artemis US equities: Late-cycle investing … December 6, 2018 Cormac Weldon, manager of the Artemis US Select Fund and the Artemis US Smaller Companies Fund, analyses the reasons for increased volatility in the US market and explains why he is currently favouring companies with stable, predictable earnings. Context is everything. Two of the factors behind the recent increase in market volatility and the significant [...]
Hammond is right – the City’s future depends on more than just a good Brexit deal June 22, 2018 Throughout the Brexit process to date, the City has learned to fend for itself. Politicians are always more inclined to address manufactures in the Midlands than suits in the Square Mile. This is why the chancellor’s annual Mansion House address is important. It’s a rare opportunity to show a bit of love to the country’s [...]
10 years on from Lehman’s collapse: seven charts to consider September 14, 2018 Ten years ago, US investment bank Lehman Brothers filed for bankruptcy, marking the most symbolic moment of the global financial crisis. It remains the largest bankruptcy filing in US history. The demise of Lehman on 15 September 2008 was just the tip of the iceberg. Little did we know but at the time the whole [...]
China is relaxing foreign ownership caps, and London must grasp the opportunity June 18, 2018 I write today’s article in a tall building overlooking the so-called “Paris of the East”, better known as the city of Shanghai. From here, you can see the old and new – the remnants of Shanghai’s old financial centre along the Bund, and the mind-boggling array of skyscrapers which have flown up on the other [...]
Chancellor’s Mansion House speech: City to strike new partnerships with global financial hubs June 20, 2018 The chancellor is to tell the City of his plans to forge relationships with major financial centres around the world as he looks beyond Europe to cement the UK’s position as “the undisputed gateway to global markets”. Philip Hammond will use his Mansion House speech tomorrow night to set out plans for “ground-breaking financial partnerships” [...]
Savills: UK tech companies choosing the City of London over Silicon Roundabout in first quarter of 2018 April 16, 2018 Tech companies are favouring the City over the fringe areas including the so-called silicon roundabout, according to the latest research from real estate advisor Savills. With almost three times as much office space committed to by technology firms in the City compared to the City fringe (which includes areas like Old Street and South Bank) [...]
The NHS needs reform and automation, not a politically motivated bidding war June 19, 2018 It was the worst kept secret in Westminster, but we finally heard over the weekend that the NHS will receive a funding boost of around £20bn a year. As with public sector pay increases, the Conservatives perhaps feel that they have to loosen the purse strings a little, given the scare they got at the [...]
Rental costs in London soar as young adults opt to live with their parents June 25, 2018 Over one million young adults are living at home with parents amid rising rental costs, according to a new housing report out today. Just under half of all men aged 22-26 now at their parents’ home, as renters in London are on average spending 40 per cent of their income on rent, having risen from [...]