Infrastructure delays cost the UK £48,000 a minute October 13, 2016 The nation is being held back by infrastructure delays – and they're proving costly. A one-month delay in the transport infrastructure pipeline means the UK economy will miss out on around £2bn of investment-related GDP over the next five years – equivalent to £48,425 for each minute of delay. That’s according to research by the Centre [...]
Trump follies should make Britain count its Brexit blessings October 10, 2016 Investors can breathe a sigh of relief that the biggest Black Swan is treading water. Thanks to one lewd recording – dating back a decade – Donald J Trump’s race to the White House could be in serious jeopardy. The diminishing chances of a Trump presidency have put Europe back in the market’s crosshairs, as [...]
Studying for your MBA in the USA October 6, 2016 For those considering an MBA course, it may seem natural to stay in your country of origin – but for those with a globalist outlook, a love of travel, or a simple desire to get away from the City, there’s no better place to study than the birthplace of the MBA: the USA. Studying for an [...]
The new centre ground: The full text of Theresa May’s Conservative Party conference speech October 5, 2016 In the speech which closed the Conservative Party conference, Theresa May spoke of a country in transition, and new opportunities. The full 7,600 words is below – although if you'd rather a cut-down version, her best quotes are here – or you can read how businesses reacted. The new centre ground: May's speech in full When [...]
Fitch piles on to Wells Fargo’s woes with outlook downgrade to negative October 5, 2016 Fitch added to Wells Fargo's worries late last night when it downgraded its ratings' outlook from stable to negative. The bank has recently been under the spotlight for all the wrong reasons, after it came to light that 2m accounts had been opened without customers' knowledge, with the lender's intense focus on cross-selling being to blame [...]
Clinton has Mylan and Wells Fargo in her sights with plans to target “bad corporate actors” October 3, 2016 US presidential candidate Hillary Clinton is set to go after "bad corporate actors", she's expected to say in a speech later. The Democratic hopeful plans to make it easier for consumers to take legal action against the likes of Wells Fargo and Mylan, who have recently both had run ins with regulators and corporate watchdogs. According [...]
Christmas Tube strike on the cards as RMT ballots London Underground staff October 3, 2016 Bad news for the capital’s commuters – London Underground could be facing a new strike threat just in time for the festive period. Members of the Rail, Maritime and Transport union (RMT) are set to vote on whether to launch a campaign of industrial action in the coming weeks. While union leaders have not yet [...]
Wells Fargo faces two more lawsuits over bank accounts scandal September 27, 2016 Wells Fargo is facing fresh legal action from both employees and investors over the ongoing bank account scandal. The US retail bank, which agreed to pay a $185m fine for creating two million unauthorised bank accounts, is now looking at class action lawsuits from employees who were let go over the claims and investors who [...]
China expected to be the golden ticket for Accesso as revenue leaps September 14, 2016 International growth in resorts and attractions is set to work well for ticketing technology company Accesso in coming years. China's booming middle class could propel the country to the fore of global theme park, resort, and attraction ticket sales and Accesso is expecting to be able to take a slice of the action. Bottom line growth in recent months means the Berkshire-based company is now eyeing up expansion [...]
London mayor pledges new support for black cab industry in Uber fight September 13, 2016 The Mayor of London Sadiq Khan has put his backing behind the capital's famous black cabs as they face competition from Uber with new measures to support the industry. City Hall has promised to increase the number of taxi ranks around the city and increase access to bus lanes, while cab information will be added to Transport for London's journey [...]