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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
Money

Lorries embark on no-deal Brexit test run to Dover

Nearly 90 lorries took part in a no-deal Brexit test run this morning to help the government prepare for potential Dover traffic jams after the UK leaves the EU in March. The first wave of 89 lorries set off on the 20-mile journey between the disused Manston Airport and the Port of Dover at 8am, before a second convoy was due to travel at 11am. Known as Operation Brock,
Money

The future of adland in 2019

We are out of the cold December of 2018, and have now entered the, well, even colder January of 2019. Last year was a momentous one for the marketing industry – there was the fall and rise again of adland stalwart Martin Sorrell; the European Unions General Data Protection Regulation (GDPR) finally came into force; and social media influencers continued to cement
Money

Marketing needs to get better at advertising itself

This year is going to be a pivotal one for the UK whichever way that you look at it. Yes, we have Brexit on the horizon, but even with that aside, 2019 is set to be another massive year of change for the UK. On average, people in this country are now online for 24 hours a week, a figure which has doubled in the past decade, and the pace of change is still increasing
Money

Eurozone inflation falls to its lowest rate in eight months

A fall in oil prices saw eurozone inflation crash to an eight-month low in December as business activity fell to a four-year low, it emerged today. Inflation for the 19-country area stood at 1.6 per cent in the last month of 2018, down from 1.9 per cent in November and the lowest recorded since April, according to figures released by EU statistics agency Eurostat. Energy
Money

Londoners set to bag two per cent pay rise in 2019

London workers will enjoy a 2.4 per cent increase in their salaries this year, making the capital one of the best cities in the UK for pay rises. The welcome boost to pay packets will take the average salary in the capital to £38,600, according to a new report from online job site CV Library. “Throughout 2018 there was a great deal of competition for businesses to