Opinion: Is Bournville Village the key the solving the housing crisis? February 4, 2017 There’s nothing new about employers building houses for their employees. George Cadbury wanted to build a place full of green spaces, where industrial workers could thrive, away from city pollution. By 1895, 143 cottages had been built and Bournville Village was born. Another business industrialist with similar philanthropic ideals was the ‘soap king’ Lord Lever [...]
US politicians use new Emirates flights to test President Donald Trump’s “America First” resolve March 8, 2017 New York politicians have called on US President Donald Trump to block airline Emirates from opening up a new route into the country, testing the White House’s “America First” resolve. Twenty-five members of the New York and New Jersey congressional delegation have written to Trump asking him to stop plans by Emirates for a non-stop flight [...]
Pound rises as industrial production climbs to six-year high February 10, 2017 The pound climbed back above $1.25 in morning trading, after official figures showed industrial production in the UK reached a six-year high in December. The Office for National Statistics' index of industrial production rose to 106.03 in December, its highest since January 2011, when it hit 106.16. The figures showed total production rose 1.1 per [...]
UK house price growth drops to 4.1 per cent in March as slowdown in London continues , according to data from the Office for National Statistics May 16, 2017 Average UK house prices increased 4.1 per cent in the year to March 2017, down from 5.6 per cent in the year to February 2017. New data from the Office for National Statistics shows the general slowdown in the annual growth rate seen since mid-2016 continues. House prices in London recorded the second-lowest annual growth [...]
Canadian pension fund PSP boss Andre Bourbonnais: We’ve picked London as our base as it’ll be Europe’s financial heartland after Brexit May 10, 2017 One of Canada’s largest pension fund managers has picked London as its new European headquarters, insisting the UK capital “is and will remain the financial centre of Europe”. The Public Sector Pension Investment Board (PSP), which serves the Royal Canadian Mounted Police alongside other civil servants and boasts C$125.8bn (£70.7bn) of assets under management, will [...]
Monday dread? Maybe it’s time to reassess your career goals September 18, 2017 Are you feeling stuck in your current career path? Facing seemingly insurmountable obstacles you no longer want to tackle? Feeling trapped in a dead-end position or just plain bored to tears? You are definitely not alone. If you’ve been pushing hard but your career is stuck in neutral, it’s probably time for a change. [...]
PSA agrees to buy Vauxhall and Opel from GM: What happens to UK jobs now? March 6, 2017 French firm PSA has confirmed its €2.2bn (£1.9bn) deal to buy General Motors' European unit, including Vauxhall. And all eyes have been on PSA boss Carlos Tavares, who has a reputation for being an efficient cost-cutter, for clues as to what it will mean for jobs. Vauxhall's UK plants in Luton and Ellesmere Port employ 4,500 workers. Read more: [...]
New hub to help grow UK’s £6 billion fintech sector February 13, 2017 A new specialist fintech hub, backed by the UK and Scottish governments, will open its doors to entrepreneurs in May 2017. The hub will be the first of its kind in Scotland and will be based in Entrepreneurial Spark at Royal Bank of Scotland’s base in Edinburgh. It will launch one year on from the [...]
Why value investors would respect Nelson Mandela but buy Seretse Khama July 10, 2017 This month marks different anniversaries of the births of two of post-colonial Africa’s greatest leaders – Nelson Mandela and Seretse Kharma. Mandela, who was born on 18 July 1918, you will almost inevitably be aware of but perhaps not Kharma, who was born on 1 July 1921. Indeed, if you have heard of him at [...]
After meeting leading bankers in Davos, will Theresa May be able to limit job moves out of the City? January 20, 2017 Jonathan Portes, professor of economics and public policy at King’s College London, says Yes. Theresa May’s Brexit speech has been well received politically – but the implications for the UK’s financial sector are becoming apparent: banks are announcing the transfer of jobs out of London, the inevitable consequence of the government’s decision to leave the [...]