London mayor Sadiq Khan taps ex-NYC mayor Michael Bloomberg’s consultancy to help draft smart city strategy November 2, 2017 The Mayor of London is tapping the former mayor of New York City Michael Bloomberg to boost the capital’s plans to become a tech driven connected “smart city”. Sadiq Khan will today announce that Bloomberg’s consultancy which he launched after leaving office in 2013, Bloomberg Associates, will help draft a Smart London Plan that is [...]
Cyber security wages are set to soar amid a skills shortage December 18, 2017 Demand for cyber security roles is set to boom over the next year following several high-profile cyber attacks, prompting a rise in wages, new research from the recruitment sector’s trade body suggests. Every specialist IT recruitment agency surveyed by the Recruitment and Employment Confederation (REC) said they thought demand for cyber security staff would rise [...]
Last Week in the City: August rate rise now less likely July 20, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (16 to 20 July 2018). The chances of an interest rate rise at the Bank of England’s August meeting appeared to recede this week after inflation data was more subdued than expected and retail sales data [...]
Making British industry digital could boost the economy by billions and create thousands of new jobs – Siemens boss Juergen Maier’s review October 30, 2017 New plans for making the UK a global leader in high-tech manufacturing have been put forward in a bid to boost the economy by more than £450bn and create nearly 200,000 jobs over the next decade. And the proposals could even form the basis for a sector deal after Brexit. A dozen digital innovation hubs [...]
Could these European stock market sectors offer the most value in 2018? December 11, 2017 This European stock market outlook is taken from a series of Schroders investment outlooks for 2018. Go to Insights for the full selection. Our central view is that inflation will pick up over the medium term and therefore a value skew is likely to be appropriate for investors in European equities. By value, we mean [...]
Digital Innovators: Q&A with BenevolentAI founder and chairman Ken Mulvany February 13, 2018 BenevolentAI is a tech company which applies AI to accelerate scientific discovery. Last year BenevolentAI was identified as one of 50 of the freshest and most inspiring digital companies using technology and innovation to shake up their sectors in our Digital Innovators Power List. Following a public vote and after careful consideration by supporting partners [...]
Autumn Budget 2017: Environment groups are disappointed with the Budget’s lack of commitment on renewables November 22, 2017 Although the government promised more funds to spur the uptake of electric vehicles as well as announcing it wants to “tackle the scourge of plastic” in today’s Autumn Budget, environment groups were disappointed by a lack of ambition for renewable energy. The Budget confirmed there would be no fresh funds for new renewable energy projects [...]
The avocado toast generation needs houses, not lectures on frugality November 17, 2017 The avocado toast generation just can’t catch a break. On Tuesday, a contrarian estate agent published a report guaranteed to antagonise everyone under 40, claiming that a millennial couple could easily save up the £90,000 average deposit for a first home in London, if only they spent less on silly things like sandwiches and lottery [...]
London real estate nears record year: Investment in the capital’s commercial property set to top £20bn October 31, 2017 Investment in London’s commercial real estate sector is on track for a record-breaking year as international buyers flock to the capital. Property adviser Savills predicts that the total volume of commercial real estate transactions in central London during 2017 will top £20bn, and could end the year higher than the previous record level of £21.6bn [...]
The EU’s misguided tax on tech giants is doomed to fail March 27, 2018 Amid the moral panic about “tech giants”, trust the European Union to lead the way with a ham-fisted proposal to “level the playing field”. Politicians on the continent have worried for years about the tax planning of these (usually American) super-firms. Last week, they issued a proposal to deal with the perceived problem: allow individual [...]