Philip Hammond unveils string of measures to bolster growing fintech industry | City A.M. March 22, 2018 Philip Hammond has unveiled a new fintech strategy as the government looks to bolster the growing sector ahead of Brexit. The chancellor this morning unveiled a string of measures, including a move towards automating regulatory compliance which he said would help by “reducing costs for financial services firms and removing a key barrier for fintechs”. [...]
HIKE: The shadow MPC says it is time for the Bank of England to raise interest rates | City A.M. August 1, 2018 The Bank of England is widely expected to hike interest rates tomorrow after delaying a move in May in light of a modest growth rebound and a tight labour market. City A.M.’s shadow monetary policy committee (MPC) believes the time is right on balance, although with a split between economists which is likely to be [...]
RBS will cut lending to new oil and gas projects in order to shift focus to renewable energy May 29, 2018 The Royal Bank of Scotland (RBS) has announced it will no longer be financing new oil and gas projects and will turn its focus towards renewable energy sources. The bank will not be funding new coal fired power stations, thermal coal mines, oil sands projects or Arctic oil projects. It will also be tightening restrictions [...]
BCC and City of London urge government to come together and deliver on Brexit July 3, 2018 Pressure is building on Theresa May to bring her Cabinet together and sign off the UK's position on Brexit after divisions were laid bare again yesterday. Yesterday three ministers publicly slapped down Jacob Rees-Mogg for threatening to rebel if May did not stick to her existing positions of leaving the Single Market and customs union [...]
Livingstone Holdings, a software business which actually manages other businesses’ software usage, has just been bought by Carlyle for £50m June 4, 2018 Private equity giant Carlyle has today scooped up software company Livingstone Holdings, in a deal worth around £50m. Livingstone, whose customers include the likes of BT, Argos and UBS, focuses on managing how businesses purchase and use software. It covers all major vendors of software, and works with companies to find whether they are over- [...]
A guide to good money: How to invest ethically and sustainably October 3, 2018 Good Money Week is now upon us. Launched in 2005, this campaign has nudged sustainable, responsible, and ethical financial products into the spotlight. And it’s the investment industry where this trend has really gained traction, with terms like socially responsible investing (SRI) and “impact investing” coming to the fore. Indeed, it wasn’t long ago that [...]
UK fintech: Philip Hammond is launching a strategy for Britain’s fintech sector this week March 19, 2018 Chancellor Philip Hammond is set to launch a fintech strategy this week to bolster the industry in the UK. Hammond is expected to reveal the plan at an international conference on Thursday. According to The Sunday Times, he will say the Financial Services Trade and Investment Board has been asked to pick out two areas [...]
London needs a new mayor to get the transport show back on the road September 4, 2018 You may remember the old joke about the family who, hopelessly lost in the middle of nowhere, wind down their car window to ask for directions, only to be told “I wouldn’t start from here if I were you”. In the third year of Sadiq Khan’s mayoralty, transport in London isn’t quite that bad, but [...]
That’s a wrap! Tortilla’s boss, Richard Morris, talks about the business of burritos September 10, 2018 London's food scene attracts all sorts. Whatever you desire, it’s not hard to find someone who’s cooking it, fusing it with other cuisines, or serving it alongside an artisanal craft beer. From pop-ups and market stalls, to Michelin-star restaurants, the capital is a hotbed of culinary creation. One such company is Mexican-food-maker Tortilla. 2018 marks [...]
Toyota to build new Auris in the UK in Brexit boost for the UK car industry February 28, 2018 Toyota has announced it will build its new generation Auris model at its Burnaston factory in Derbyshire. The majority of the engines for the new model will be sourced from the firm’s Deeside factory in north Wales, which it said will secure 3,000 jobs across the two sites. The government said the commitment was secured [...]