Banknote printer De La Rue set for review of finances February 15, 2020 The Bank of England’s banknote printer, De La Rue, is set for talks with its lenders after calling in advisers to review the business. De La Rue’s banking syndicate, led by HSBC, has appointed FTI Consulting to negotiate the future of its borrowing arrangements with lenders, according to Sky News Last November, the firm said [...]
Mark Zuckerberg ‘accepts’ Facebook may have to pay more tax in Europe February 14, 2020 Facebook boss Mark Zuckerberg says he recognises that tech giants may to have pay more tax in Europe in future. The social media giant’s founder said he understood the “frustration” surrounding the issue and backed plans from think tank, Organisation for Economic Co-operation and Development, to find a global solution. Facebook and other tech giants [...]
Extinction Rebellion dig up Home Office lawn in mining protest February 13, 2020 Environmental activist group Extinction Rebellion has targeted government buildings by digging up layers of turf. Images on Twitter show activists excavating landscapes of turf outside offices on Marsham Street which house the Home Office and Ministry of Housing, Communities and Local Government (MHCLG). The group say they are doing this in protest at proposals for [...]
Cum-ex: The mammoth European financial crime scandal comes to London February 13, 2020 Denmark has a long history of exports across the North Sea. The Vikings, Bacon, Lego, hygge, the Schmeichels, and now, mammoth fraud trials. The Danish taxman is pursuing a $1.9bn (£1.5bn) fraud claim through the UK courts against British businessman Sanjay Shah and more than 70 other individuals and companies. The huge High Court case [...]
First coronavirus case reported in London February 12, 2020 The first case of coronavirus has been confirmed in London, according to reports. The patient is reportedly a woman and contracted the virus in China. She has been transferred to Guy’s and St Thomas’ hospital. The BBC reported that the patient developed symptoms of coronavirus after landing at Heathrow, called NHS 111 and then tested [...]
Extinction Rebellion to target Barclays, PwC and News Corp in new wave of protests February 12, 2020 Climate change activist group Extinction Rebellion said today it would target the financial industry in a new wave of protests this year. The group’s co-founder said Barclays Bank, Big Four accountancy firm PwC and media group News Corp would be among the targets of direction action. Gail Bradbrook told Reuters that “the economic system is [...]
London Chamber of Commerce and Industry releases its London mayor election manifesto February 11, 2020 The next mayor of London should prioritise digital infrastructure and immigration reform to boost economic growth post-Brexit, according to the London Chamber of Commerce and Industry (LCCI). The advocacy group’s manifesto for the London mayoral election was released today, detailing a a wish list of policies for the victor of May’s poll to implement. Among [...]
Yes, you read that right: Croydon is named a London borough of culture February 11, 2020 The annual London Borough of Culture award is coming to the birthplace of grime superstar Stormzy in 2023. Croydon was named by mayor of London Sadiq Khan as the London Borough of Culture for 2023 today, while Lewisham got the nod for 2021. The South London boroughs will each receive £1.35m to organise year-long programmes [...]
There are more funds run by Daves than by women February 11, 2020 | City Talk The investment industry has a gender representation problem, and more needs to be done, says Holly Black There are more funds in the UK run by men named David than there are female fund managers in total. Of 1,496 UK-listed open-ended funds, 108 are run by managers named David or Dave – equivalent to 7.2% [...]
Sajid Javid: I’ll give the City the flexibility it needs to thrive outside the EU February 10, 2020 Now that we have left the EU, we begin a new chapter in our history. Strengthened by a decade of economic recovery, we will step forward with confidence into an era of unity and renewal. We will level up, decarbonise our economy, and back business. Our world-leading financial services sector will play a crucial role [...]