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Senior Tory MP Andrew Tyrie is demanding details in Theresa May’s Brexit plans

Share Senior Tory MP Andrew Tyrie is demanding details in Theresa May’s Brexit plans Read More: Lloyd’s of London could announce Brexit restructure plans before Christmas“There is almost certainly a majority in the country – and a cross-party majority in Parliament – for a continued close economic and political relationship with the EU from outside,” Tyrie said.“Safeguarding the economic wellbeing of the country probably requires a relationship that is considerably deeper than that provided for under WTO rules.“Given the need to build a broad-based support for its position, at home and abroad, the sooner the Government can provide clarity, the better.” In a speech tonight, Tyrie will call on May to state definitively whether or not the UK will retain memberships of the Single Market and the Customs Union.Read More: The PM’s Brexit plan must include Single Market objectives, say LabourRemaining within the latter would limit the UK’s ability to secure trade deals with other nations after Brexit, but could improve trade to Europe.Lastly, Tyrie demands clarity on transitional deals, and specifically whther EU treaties may continue to apply to the UK for an agreed period after negotiations have been completed.Unlike an extension of negotiations, which would require unanimity among European member-states, this could be approved by a majority group. Mark Sands Monday 9 January 2017 6:58 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoPost FunCops Called To Investigate Smell From Abandoned House Didn’t Expect To Find ThisPost FunUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndo whatsapp whatsapp Senior Tory Andrew Tyrie is demanding the government explains its hopes for the Single Market as part of a Brexit plan promised last year.Last year, Prime Minister Theresa May committed to revealing more on the UK goals ahead of triggering Article 50, and now Tyrie, who chairs parliament’s influential Treasury Committee, is demanding that any disclosure includes specific information. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com read more

2016 not so bad for Morgan Stanley: Bank’s fourth quarter results sail past expectations

Tuesday 17 January 2017 12:41 pm Share whatsapp whatsapp As for the full-year, the bank reported net revenues of $34.6bn, down two per cent from $35.2bn the year before, and net income of $6bn, down two per cent from $6.1bn the year before. Earnings per share for the full-year were $2.92.A poll of analysts by Yahoo Finance had predicted full-year revenue of $34.1bn and earnings per share of $2.76. For the fourth quarter, the banks was expected to pull in $8.5bn in revenue and $0.65 in earnings per share. Shares are up 1.4 per cent at $44.28 in pre-market trading. Why it’s importantIn particular, Morgan Stanley’s revenues in its fixed income sales and trading soared to $1.5bn in its fourth quarter of the year, almost triple the $550m it reported in the same business stream a year ago, as the market for bonds became a busy one around the US election.Banks have been having a tough time as of late. Revenues have been squeezed by central banks favouring rock bottom interest rates over recent years, while costs have been pushed up by increasing amounts of red tape. Hayley Kirton Morgan Stanley has given Wall Street something to smile about, reporting better than expected results, with profits and revenues booming in its fourth quarter thanks to a boost in bond trading.The figuresThe US banking giant announced net revenue of $9bn (£7.4bn) for the fourth quarter of 2016, up 17 per cent from $7.7bn for the same period a year ago, and net income applicable to the bank of $1.7bn, up 83 per cent from $908m. The bank also reported earnings per share of $0.81. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com 2016 not so bad for Morgan Stanley: Bank’s fourth quarter results sail past expectations However, Morgan Stanley has joined JP Morgan, which reported its fourth-quarter results on Friday, in showing the banks are back in action with better figures than analysts had them pegged for. Lots of eyes will likely now be on Goldman Sachs when it reports tomorrow. What Morgan Stanley said”Our quarterly results reflect consistent strong performance, while our annual results show meaningful earnings growth over 2015,” said James Gorman, chairman and chief executive. “We reported solid results in sales & trading and advisory, and record revenues in wealth management, while managing expenses prudently.”We are optimistic about opportunities in 2017 and beyond and remain focused on serving our clients and achieving our strategic objectives.”In shortIt’s starting to look like 2016 was a good year for the US banking giants, as fixed income trading boomed thanks to a certain event last November. read more

Direct Line unveils “successful year” despite taking a £217m hit from discount rate cut

Oliver Gill Gross written premiums were up 3.9 per cent to £3.3bn, with motor and home own-brand policies up 4.3 per cent.Net written premiums rose from £2.9bn to £3.0bn but underwriting profits fell from £175m to £70m.Operating profit from its ongoing operations fell from £521m to £404m, while headline operating profit dropped from £545m to £390m.Read more: Government cuts discount rate: Insurers to lose billionsThe impact of the change to the discount rate was £175m on the firm’s continuing results and £217m overall. Direct Line’s profits took a £217m hit as a result of the government’s decision to slash the discount rate last week.Reporting its annual returns – which boss Paul Geddes referred to as a “successful year” – the impact on profits was not as high as the £230m the firm said was the worst case scenario in the wake of the government decision.The figures Share Tuesday 7 March 2017 7:30 am 2016 was a successful year for Direct Line Group and I’m proud of the strong own brand growth achieved in a switching market, proving our competitiveness in all our key categories and channels. The fact was, though, the FTSE 100 firm had banked on the rate changing but only to 1.5 per cent and already provided for such a change in its previous forecasts. Not many expected the cut by the Lord Chancellor to quite so severe but many other firms had factored in that the rate was to be cut much lower than Direct Line’s position.Read more: Hastings takes £20m discount rate hit in its strideDirect Line will no doubt be rather miffed, in particular as it has ruined the group’s combined ratio – the total insurance losses and expenses as a percentage of the premiums written – which otherwise would have fallen markedly to the low 90’s.What the company saidChief executive Paul Geddes said: by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeYourDailySportFixRemember “7th Heaven”? Here’s What the Stars are Doing NowYourDailySportFixMiaw StoreSome acts from your cat may be a sign for alarm. Get to know it nowMiaw StoreMagellan TimesJada Pinkett Smith Opened Up About Her Son Saying The Words No Mom Wants To HearMagellan TimesUrbanAuntyThis Is One Of Her Most Iconic Dresses Ever Worn By A RoyalUrbanAuntyVitaminews20 Things You Should Always Buy at Dollar StoreVitaminewsCookingAmourCardiologist Suggests 5-Day Diet- a Safe Way to Lose 15 PoundsCookingAmourautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comRecetas Get5 Common Cancer Signs to Pay Attention ToRecetas GetTrade Schools | Search AdsThis Is Why More People Are Choosing Trade SchoolsTrade Schools | Search Ads whatsapp This positions us well in a market disrupted by the reduction in the discount rate, and allows us to target a 93-95 per cent combined operating ratio in 2017.We will continue to target improved efficiency and invest in customer and technology trends affecting our markets. Direct Line unveils “successful year” despite taking a £217m hit from discount rate cut whatsapp The firm’s combined ratio jumped to 97.7 per cent from 94.0 per cent in 2015, though with the adjustment to the Ogden rate factored in it was lower at 91.8 per cent. Once normalised weather conditions were factored in it was 93.5 per cent.Direct Line’s Solvency II ratio was 165 per cent, right in the middle of the group’s 140 per cent to 180 per cent guidance.Why it’s interestingJust over a week ago the discount rate was not a widely known phrase.But after Liz Truss’ decision to slash the rate that is used to calculate lump sum settlements for injury claims – and the related impact on both insurers and consumers – the media spotlight has shone brightly on it.In the wake of the decision last week Direct Line hastily put out a statement that profits would be hit by up to £230m. So the £217m posted today could well be a case of under promise and over deliver. read more

Close Brothers share price jumps after snaring Direct Line chairman Mike Biggs

Close Brothers’ share price jumped two per cent this morning after naming its new chairman and posting half-year numbers that were broadly in line with expectations.Direct Line chair Mike Biggs will join the investment firm’s board with immediate effect, taking over from Strone Macpherson on 1 May.The figures Our service driven model, focused on specialist markets, has allowed us to support our clients, invest in our business and generate strong returns for shareholders over many years. [stockChart code=”CBG” date=”2017-03-14 11:45″]What the company saidChief executive Preben Prebensen said: “All parts of our business performed well in the period. Our three banking segments, retail finance, commercial finance and property finance, all reported profit growth and strong returns, while both Winterflood and asset management benefited from favourable markets.”Trading conditions have clearly been favourable in the first half, but as always our priority remains to protect, sustain and invest in our business for the long term.” Close Brothers share price jumps after snaring Direct Line chairman Mike Biggs Tuesday 14 March 2017 11:53 am Portia Patel, an analyst at Liberum, labelled the numbers “strong” adding the operating profit was 53 per cent of what Close Brothers said it will generate over the full year. Patel had predicted the firm would have made 48 per cent of the annual forecasts by this point.Mr BiggsThe appointment of Direct Line’s Mike Biggs will perk the interest of some investors.Read more: Close Brothers’ share price falls on disappointing resultsBiggs was previously the chief exec and chairman of life assurance firm Resolution and finance chief at Aviva.”We view him as a strong appointment with good technical ability,” said Gary Greenwood, an analyst at Shore Capital Markets. whatsapp Oliver Gill whatsapp Share Adjusted operating profit over the first six months of Close Brothers’ financial year jumped 21 per cent to £134m.Earnings per share increased by nine per cent to 65.1p with dividends increasing by five per cent to 20p per share.Read more: Close Brothers reveals strong first five monthsNet interest margin was broadly stable at 8.2 per cent, down 0.1 per cent and the firm’s bad debt ratio fell from 0.6 per cent to 0.5 per cent.Why it’s interesting Close Brothers’ half-year figures are broadly in line with market expectations. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.com read more

Theresa May’s deputy David Lidington tells Europe: Accept our Brexit deal or face no deal

Wednesday 29 August 2018 3:38 pm Share Catherine Neilan Theresa May’s deputy David Lidington has warned Europe to accept the Prime Minister’s Brexit plan or run the risk of no deal.In a speech to French business leaders this afternoon, Lidington, who effectively serves as May’s deputy alongside his role as Cabinet Office minister, warned it was too late to go back to the drawing board. “With exactly seven months until the end of the Article 50 process and less than two months ahead of the October European council we face the choice between the pragmatic proposals we are discussing now with the European commission, or no deal,” he said.Britain and France are at “a fork in the road”, Lidington added. He stressed the “hard-fought compromise” made to reach the government’s current position – including the resignation of two cabinet ministers – and said “the alternative models do not meet the level of ambition or the outcome we all want to see delivered”.The former Europe minister told the French equivalent of the CBI, Medef, that the UK understood fears that “we could lower our standards to gain a competitive advantage” but stressed they were “completely unfounded”.”Like France, we view economic growth, consumer and worker protection and sustainable development as going together hand in hand, not as trade-offs,” he added. Lidington’s visit comes just a few weeks after Cabinet colleague Jeremy Hunt urged French and German politicians to back the UK, warning that the chances of a no deal were “increasing by the day” and stressing that May would not “blink”.  whatsapp Theresa May’s deputy David Lidington tells Europe: Accept our Brexit deal or face no deal by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBe whatsapp Read This NextFox News’ Laura Ingraham Suggests Defunding the US Military Over CriticalThe WrapSmoking and Hair Loss: Are They Connected?VegamourTeammates, NFL execs expect Aaron Rodgers to do this in 2021SportsnautMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour’The Harder They Fall’ Trailer: Jonathan Majors Seeks Revenge on Idris ElbaThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour’The Blacklist’ Fans Are Not Happy They Didn’t Find Out What Was in ThatThe Wrap read more

Unexploded bomb found in the Serpentine in London’s Hyde Park

first_img whatsapp The North and South banks of the Serpentine in London’s Hyde Park were closed today, as police dealt with reports of a possible unexploded bomb from the Second World War.A cordon put in place by specialist officers, set up between the Triangle car park and the boat house on Serpentine Road, has now been taken down. Share Friday 16 November 2018 2:56 pm Unexploded bomb found in the Serpentine in London’s Hyde Park It was revealed this afternoon that the device was an “inert [Second World War] mortar round used for training by the Home Guard”, according to Westminster police.The Second World War ordnance was spotted partially submerged in the Serpentine Lake this afternoon.https://twitter.com/MPSWestminster/status/1063440697473318912 Emily Nicolle whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: Trading Archivelast_img read more

BBC and Stanhope form vehicle to lead Television Centre refurb

first_img whatsapp BBC and Stanhope form vehicle to lead Television Centre refurb Wednesday 21 November 2018 11:15 am THE BBC and its development partner Stanhope have set up a joint venture company, TVC Developments, to oversee the £1bn redevelopment of the Television Centre in White City.The 53-year-old centre, which officially closed its doors yesterday, was sold last summer to Stanhope and its Japanese and Canadian backers, Mitsui Fudosan and Alberta Investment Management Corporation, for £200m on a 999-year lease.The BBC said yesterday that despite its iconic status, the centre was outdated and expensive.The venture with Stanhope ensures it “extracts maximum value from the site as well as protecting its heritage”.Developers plan to turn the landmark building into a mixed-use scheme including 1,000 new homes, a hotel and offices.It will also provide new headquarters for BBC Worldwide as well as studios, which the BBC will lease back from 2015. whatsappcenter_img Share Kasmira Jefford Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapRatings: Networks Stalemate With 4-Way Tie Despite ABC’s ‘Holey Moley’ andThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourBest Wine Gifts & Wine Accessories at Every PriceGayot Tags: Trading Archivelast_img read more

Sterling slumps ahead of May’s crunch no-deal Brexit vote as Bercow chooses amendments

first_img Read more: Brexit uncertainty costs UK £800m a week, says Bank of EnglandAgainst the euro, sterling dropped from 1.41 to 1.31.May has consistently said that the option of a no-deal Brexit must remain on the table, but businesses have broadly been keen to rule it out, with the Bank of England saying it would spell danger for the UK economy.The vote, scheduled for 5pm, would effectively take no-deal Brexit off the table.Speaker John Bercow has selected three amendments for the motion: Sterling has taken a tumble as fears grow that Theresa May will be defeated in parliament this evening by the hard Brexiters among her party.The pound fell from 1.287 this morning to as low as 1.278 against the dollar this afternoon as investors grew scared that the Prime Minister may not win a vote that would see MPs support leaving the EU with a deal. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raider Sterling slumps ahead of May’s crunch no-deal Brexit vote as Bercow chooses amendments “The government’s priority is to address the indefinite nature of the backstop, which under Article 50 is legally required to be temporary,” Barclay said.Labour MP Yvette Cooper claimed the Prime Minister’s agreement will lead to a “blindfold Brexit, with no idea what kind of arrangements the UK faces”.Read more: Theresa May set for another showdown with Brexiter Tories in Commons voteIt comes as S&P Global warned that a “small number” of Irish firms could see their credit ratings cut if Britain leaves the EU without a deal.“A no-deal Brexit would have negative credit implications and place increased pressure on Irish issuers,” S&P said. “However, we would only envisage rating actions for a small number of issuers, where rating performance is already somewhat challenged.” Joe Curtis center_img A Labour amendment that requires the government to give MPs a vote on the withdrawal agreement by 27 February or admit there is no deal by that date, and allow MPs to vote on the next steps.An SNP amendment that would delay Brexit by at least 12 weeks.Remainer MP Anna Soubry’s amendment that would force the government to publish the most recent business briefings on the consequences of a no-deal Brexit.Labour MP Hilary Benn said on Twitter: “What’s really evident about today’s Brexit debate is that it’s actually a negotiation between the Brexit Secretary and the ERG about whether they will support the Government motion rather than a negotiation about what’s best for the national interest.”Earlier today trade secretary Liam Fox issued a call for unity among Tory MPs, but opening a debate in parliament on this evening’s motion, Brexit secretary Stephen Barclay struggled to please Remainer and Brexiter MPs. Share whatsapp whatsapp Thursday 14 February 2019 3:07 pm Tags: Brexitlast_img read more

End of an era: Martin Gilbert’s legacy as he steps down from Standard Life Aberdeen chief executive role

first_img End of an era: Martin Gilbert’s legacy as he steps down from Standard Life Aberdeen chief executive role by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets DetectiveHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance Share Aberdeen Asset Management merged with Standard Life in 2017, however the firm’s share price has plummeted as much as 49 per cent in the two years since.Read more: “Team players”: Aberdeen and Standard Life set out dual chief exec plansGilbert will remain at the company as vice chairman of Standard Life Aberdeen and chairman of Aberdeen Standard Investments in a client facing role, as Keith Skeoch stays on as chief executive.In a statement following the announcement Gilbert wrote on Twitter: “We’ve made significant progress since the merger and it’s a good time for Keith to become sole chief executive. After 36 years of being a chief executive I’m happy to have a new role focusing on clients.”CVUniversity of Aberdeen, Law LLB and Accountancy MA, graduated 1978 Wednesday 13 March 2019 4:40 pm City veteran Martin Gilbert stepped down as joint chief executive of Standard Life Aberdeen this morning as the investment firm ditched the management structure put in place following the 2017 merger of Standard Life and Aberdeen Asset Management.The move brings to an end Gilbert’s 36-year reign as chief executive of Aberdeen Asset Management, and Standard Life Aberdeen, which saw him grow the firm from a small Scottish investment trust in to a global company with more than £550bn in assets under management. Brander & Cruickshank, investment department, 1982Co-founder and chief executive, Aberdeen Asset Management, 1983 – 2017Director and co-chief executive, Standard Life Aberdeen, August 2017 – March 2019Vice chair, Standard Life Aberdeen and Chairman, Aberdeen Standard Investments, March 2019.Other rolesChairman of the Prudential Regulation Authority’s practitioner panel Read more: Standard Life Aberdeen scraps co-chief executive structureThe firm listed on the London Stock Exchange in 1991, eight years after it was founded, and went on to grow rapidly as it acquired assets across Asia and Europe and established offices in Singapore and Hong Kong.Gilbert continued to grow the company through multiple acquisitions including Barclays Property Investment, Murray Johnstone, Edinburgh Fund Managers and RBS Asset Management. Gilbert hinted at his imminent departure in January this year, saying chairman Douglas Flint would soon be looking for a replacement.“I’m getting on. I’m already the second-oldest chief executive [of a British blue-chip company] as well as the longest-serving. I’m in the back nine at golf,” he said at this year’s World Economic Forum in Davos, the Daily Mail reported.center_img whatsapp Jessica Clark Senior independent director, GlencoreInstitute of International Finance, board memberMonetary Authority of Singapore International Advisory Panel memberBritish American Business, International Advisory Board member whatsapp Tags: Aberdeen Asset Management Asset management Company Standard Lifelast_img read more

DEBATE: A third of voters would rather AI ran the country than politicians – so should robots move into Downing Street?

first_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets DetectiveUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndo Share Opinion City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. DEBATE: A third of voters would rather AI ran the country than politicians – so should robots move into Downing Street? Tags: Brexit Internet of Things I spend my days talking to ministers, MPs, officials, and their advisers about decisions that affect the wellbeing of millions of people in the UK. While we may feel rather ambivalent – at best – about the way the current crop of politicians is mishandling Brexit, what is true is that the vast majority are trying to do the right thing for most people, most of the time.Compassion and the realisation that “there but for the grace of God go I” are core to what makes most politicians tick. This should be the guiding principle for government, rather than leadership via algorithm. A third of voters would rather AI ran the country than politicians – so should robots move into Downing Street?Takashi Sonoda, chief executive of internet of things company Uhuru, says YES.The idea that an artificial intelligence (AI) device could wholly take over the decision making at the top of the British government is pure dystopian sci-fi, from a technical standpoint as well as a democratic one. Friday 22 March 2019 8:16 am whatsapp That said, Downing Street, like other public and private institutions, should seek to use and adopt machine-learning algorithms as well as other new technologies to help with the governing of the country.The advantages are that decision making – a cornerstone of governance – becomes more accurate and quicker, while fewer resources (which, let’s not forget, are funded by taxpayers) are used. The embrace of AI and the internet of things (IoT) is already underway in the private sector, and the forthcoming 5G roll-out will enhance its effects. Downing Street should not leave itself behind.As the former Labour foreign secretary Jack Straw has said, ministers face “a box full of decisions and another box full” while in power. AI, IoT, and other new technologies can assist with these workload issues. The “digi-spad” could just be around the corner.Simon Gentry is a managing partner (public affairs) at Newgate Communications, says NO.I love technology – the power and insights that it can deliver – and I recognise the great impact that it has had on the world.But the idea that artificial intelligence can make profound moral or value judgements on complex human issues is untenable in a society which aspires to call itself civilised. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Takashi Sonoda and Simon Gentry last_img read more