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Historic Savile Row men’s tailor goes into administration

Renowned Savile Row mens tailor Hardy Amies has gone into administration for the second time in just over a decade. The historic fashion house, which was started by the Queens former dressmaker, is touting for buyers over its UK operations after “trading at a loss for some time”, its administrators said today. Menzies are urging potential saviours to come forward “as
Money

Passing Mays Brexit deal would make sterling surge, says JP Morgan

The sterling would surge by at least four per cent if parliament approves Prime Minister Theresa Mays Brexit proposals in a planned vote next week, JP Morgan said. The banks asset management wing also warned about the potential impact of extending Article 50, something the government has ruled out. Karen Ward, the fund managers EMEA chief market strategist, said avoiding
Money

Will digital finance become a friend or foe?

Every morning, I browse my phone as I commute to work. I check my emails, the news, Twitter, and increasingly I open my various finance apps. I recently logged into my investment platform app and made a new investment – £1,000 in a startup Swedish retailer. Once the money was invested, I was applauded with a series of party streamers darting across my screen. It made me
Money

Don’t be miffed about Mifid II

A year ago, the Markets in Financial Instruments Directive II, commonly referred to as Mifid II, came into force. Arguably the most ambitious and wide-sweeping regulatory reform of the financial services industry in the last decade, it was touted as the death knell of sell-side equity research. Mifid IIs aim was to enhance transparency and investor protection. One of the
Money

Alibaba-backed Ofo pulls bikes out of London boroughs

Cycle-sharing platform Ofo has reportedly taken its bikes off the streets of London as the Chinese firm closed its international arm this week. Staff working for the company, which brought hundreds of its bikes to London in 2017, still have their jobs for now after the closure, a source told the Financial Times. Read more: Alibaba-backed dockless bicycle startup Ofo