A short history of investing in gold – and what to expect for 2017 December 8, 2016 Gold is coveted by investors for its rarity. As a precious metal with limited supply, it is seen as a store of value when the real value of other assets, and currencies, can be manipulated. But fundamentally, its high worth is underpinned by its usefulness and attractiveness. Not only is it highly malleable but it [...]
Investment firm LetterOne headed up by Russian billionaire Mikhail Fridman launches health business in US June 6, 2016 LetterOne, the investment vehicle owned by Russian tycoon Mikhail Fridman, has launched L1 Health in the US and appointed Diageo chairman Dr Franz Humer to the firm's advisory board. L1 Health will target up to $3bn (£2.1bn) of investments in the global healthcare sector over the next three years "with the goal of making sizeable equity investments in businesses [...]
City Moves for 21 July 2016 | Who’s switching jobs July 21, 2016 Covington Elaine Whiteford is set to join Covington as a partner in the European dispute resolution practice in the firm’s London office. Elaine’s practice focuses on litigation, including contentious competition law matters and follow-on damages litigation, challenges to regulatory decisions, cartel and other regulatory investigations. Over the last decade, she has been involved in many of the most significant competition damages cases brought in [...]
Millennials will have paid £44,000 more on rent than baby boomers by the time they hit 30, according to leading think tank July 16, 2016 Millennials will have paid £44,000 more rent than the baby boomers by the time they hit 30, according to a leading think tank. The Resolution Foundation has found that a combination of falling home ownership and rising costs in the private rented sector mean that today’s millennial generation will have spent £44,000 more on rent by [...]
On Her Majesty’s secret servers: GCHQ taps startups to fight cyber attacks September 23, 2016 Britain’s spooks are tapping startup geeks to help fight the growing battle against cyber threats, opening the insular intelligence agency to innovation and kickstarting ambitious plans for Britain to become a world leader in cyber security. GCHQ will begin the hunt for under the radar startups working on cutting edge technology to fight cyber crime, in a landmark partnership [...]
Brexit one month on: What’s the effect on London’s tech scene? July 24, 2016 The result of the most significant political decision of our generation was at odds with the overwhelming consensus of London’s technology companies and wider business community. But, with the entrepreneurial spirit that has defined our digital success, tech companies and professionals almost instantly set their sights on turning adversity into opportunity. The values that set technology against the rhetoric [...]
M&G Real Estate move in on the east London housing market with development in Bow May 31, 2016 More tower blocks are set to pop-up in east London as property investors M&G Real Estate has signed a deal with Telford Homes to build new private rental homes in Bow. The £69.3m development will comprise two five-storey buildings and one 22-storey tower near the Langdon Park DLR station. Telford Homes is the developer and contractor of the scheme, which [...]
Switzerland’s banks looking to build ties with Britain ahead of EU negotiations July 7, 2016 Switzerland's banking sector hopes to build a coalition with other international financial centres, including Britain, in order to help with negotiations around access to European Union markets. Banks based in Britain have been able to sell financial services freely across the EU under the bloc's "passporting" system, but this access could be lost after the vote to [...]
Here’s what Skyscanner’s biggest shareholder had to say about £1.4bn sale November 24, 2016 The biggest shareholder in unicorn tech startup Skyscanner, snapped up by Chinese firm Ctrip for £1.4bn, has told City A.M. the deal is a good one for the UK's tech industry, just a day after chancellor Philip Hammond announced measures to counter the trend of the UK's brightest companies selling rather than scaling up. "This is [...]
Blame Jeremy Corbyn for the increasing number of public sector strikes August 16, 2016 The total number of working days lost through labour disputes last year was, at just 170,000, the second lowest annual total since records began in 1891. What a difference a year can make. Southern Rail commuters have endured months of misery due to the prolonged series of strikes called by the RMT. Union members on Eurostar [...]