Britain already has a free trade deal with China, leaving Europe won’t improve it February 5, 2018 Between 1839 and 1841 and then again between 1856 and 1860, the British Empire launched a series of military engagements against China. The cause? A trade imbalance between two of the biggest superpowers in the world. Demand in Britain for Chinese goods including silk, porcelain and tea was huge. It created an enormous trade imbalance [...]
Will 2017 be one of the best years ever for the United Kingdom? January 3, 2017 Alex Deane, a City of London common councilman, says Yes. We live in a great country – and what’s even better is that our best days lie ahead of us. When historians write the book on 2016, it will be seen as the year in which – despite the doomsaying pronouncements from some who were [...]
Bankrupt, jailed, £100m: Confessions of AirX CEO, John Matthews – the least popular man in private jet chartering March 26, 2018 OUR QUIET table at Dover Street’s Arts Club is becoming a de facto confession box. A gin and tonic replacing the grill between priest and penitent, John Matthews peers through his glass – for he hath sinned. The chief executive of AirX, who admits to being the least popular man in private aircraft chartering, has [...]
Bankrupt, jailed, £100m: Confessions of AirX CEO, John Matthews – the least popular man in private jet chartering March 26, 2018 OUR QUIET table at Dover Street’s Arts Club is becoming a de facto confession box. A gin and tonic replacing the grill between priest and penitent, John Matthews peers through his glass – for he hath sinned. The chief executive of AirX, who admits to being the least popular man in private aircraft chartering, has [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
State aid and post-Brexit trade: What we can learn from the Boeing-Bombardier feud September 20, 2017 The Prime Minister has been in Canada this week. One of the big issues covered was how to keep UK-Canada trade as seamless as possible, given that the Canada-EU trade deal, Ceta (which comes into force this Thursday), will lapse when the UK leaves the EU unless some new agreement is made. It was announced [...]
Ashish Thakkar to leave the board of Atlas Mara, the African banking group he co-founded with Bob Diamond October 3, 2017 Former Barclays chief executive Bob Diamond is to be left as the sole founder on the board of African financial services group Atlas Mara, as it was announced today that co-founder Ashish Thakkar would be leaving. His departure from the board comes as a result of new shareholder Fairfax Africa, a Canada-based investment fund, wanting [...]
Tesco directors were responsible for ‘bullying’ employees into false accounting collusion September 29, 2017 Three former Tesco directors have been called "bullies" in court as their trial for fraud and false accounting draws to a close. Former Tesco UK managing director Christopher Bush, former commercial director for food John Scouler, and former finance director Carl Rogberg were today described as the "generals" who gave orders to the "footsoldiers" by [...]
Finnish firm takes Hinkley Point C nuclear reactor-designer Areva to court September 28, 2016 Finnish utility Teollisuuden Voima (TVO) said today that it has started legal action against the same company which is supplying two nuclear reactors to Hinkley Point C. It's taking Areva to court over delays at Olkiluoto 3 nuclear reactor in Finland. The project, which was supposed to showcase EDF and its engineering partner Areva's EPR technology, has been plagued by disputes, [...]
Former Tesco (TSCO) executives set to appear in UK court on fraud charges September 3, 2017 Three former Tesco executives will appear in court tomorrow, charged with fraud relating to the supermarket’s 2014 accounting scandal. The three men were charged by the Serious Fraud Office (SFO) last September, and pleaded not guilty to the charges at a hearing at the beginning of August. Read more: Co-op’s the latest supermarket to drop [...]