How will David Schwimmer's role as boss of the London Stock Exchange go?

Investors and directors will be pleased to see the opening of a new chapter after the turbulent departure of Xavier Rolet. The question is whether the deal making Mr Schwimmer will a buyer or a seller
After six months of searching, the London Stock Exchange at last has a new chief executive in the form of Goldman Sachs banker David Schwimmer.
No, no, there is no connection to the Friends actor, despite the jokes that everyone’s making.
But the one where the Goldman Sachs exec lands the plumb job is a very familiar script in both financial and government circles.
Read more David Schwimmer joins London Stock Exchange Group as new CEO London Stock Exchange Group sees profit rise as CEO search continues LSE shareholders have lost faith in chairman, says activist investors Mr Schwimmer provides yet another example of how that institution's tentacles spread. Goldman has old friends wherever you look. It really is everywhere.
The bankers it sends out don’t so much build busine..

Meghan Markle wore a pair of jeans made by Hiut, a tiny Welsh denim company. Here's what happened next

Co-directors David and Clare Hieatt have hired two more makers and have plans to expand into an old jeans factory in Cardigan, Wales
David Hieatt only found out that Meghan Markle had worn a pair of jeans made by his company when a newspaper rang up to check they were his.
Hieatt and his wife Clare are the co-founders of the Hiut Denim Company in Cardigan in Wales. For almost 40 years, Cardigan was home to a factory that made 35,000 pairs of jeans each week for Marks & Spencer. Then in 2002, production was moved offshore to Morocco to save costs, resulting in the loss of 400 jobs.
Read more How East London's traders are joining forces to demand fair rent Small business body calls on Hammond to address late payment 'crisis' How trading and small business has grown inside Rohingya refugee camps When Hieatt started scouting about for a location to start a denim company, he realised that Cardigan, which had hundreds of people with decades of experience, was the perfect ..

Russian Court Bans Telegram App After 18-Minute Hearing

Russian Court Bans Telegram App After 18-Minute Hearing Photo The messaging app Telegram has 200,000 monthly active users around the world. Credit Alexander Nemenov/Agence France-Presse — Getty Images MOSCOW — A Moscow court cleared the way on Friday for the government to ban Telegram, the messaging app, over its failure to give Russian security services the ability to read users’ encrypted messages.
Roskomnadzor, the Russian communications and technology watchdog, had asked the court for the authority to block the app, and for the ban to take immediate effect. It took the court all of 18 minutes to grant the request, after scheduling the hearing just one day before. Telegram had ordered its lawyers to skip the hearing in protest of the hurried process.
The ruling came a month after Telegram lost a lawsuit it brought against the Federal Security Service, or F.S.B., Russia’s powerful and secretive security agency, which had demanded access to messages. The Kremlin pushed through a sweep..

Hammerson share price hammered after French firm Klepierre drops takeover bid

Bullring owner now free to continue pursuit of rival Intu
Shares in shopping centre owner Hammerson tumbled this morning after French group Klepierre abandoned its proposed takeover of the group.
The stock was down more than 13 per cent in early trading, after Klepierre said it no longer intends to make an offer for Hammerson, following two rejected bids.
Read more Shopping centre giant Hammerson awaits clarity over rival bid The French firm had initially offered 615p per Hammerson share, which the UK group rejected last month on the grounds that it “very significantly” undervalued the company. Klepierre followed up this week with a revised offer of 635p per share, bring the deals value to £5bn, which was also rejected.
On Friday, Klepierre said it was giving up its pursuit of Hammerson, which owns shopping centres such as Brent Cross, Birmingham’s Bull Ring and Bristol’s Cabot Circus, because the British group’s board “did not provide any meaningful engagement with respect t..

Brexit 'not totally bad' for City of London, says Berlin Stock Exchange boss

Artut Fischer says City firms could follow the lead of US firms
The chief executive of the Berlin Stock Exchange says Brexit may not be as bad as initially thought for UK financial firms.
Artut Fischer said on Friday that UK based banks and City firms could follow the example of US firms trading with EU businesses.
“When you look at it, it's not totally bad,” he told the BBC.
Read more Airbus warns hard Brexit will cause business to 'grind to a halt’ “We would treat the UK like the US for example and we are doing a lot of business with the US, so there are ways to overcome what we call the loss of the passport.”
Mr Fischer added: “If a company based in the UK wants to promote its services in the EU then they need a licence… and a presence in the EU.
“There has to be a real operation in the EU which means real control, real management, real people and real processing have to be located in the EU in order to sell services.”
Denmark’s prime minister Lars Lokke Rasmus..

Apprenticeship 'robbery' report: Is poor policy trashing a good idea?

Apprenticeships and the Apprenticeship Levy are good ideas in principle but the way they are operating indicates a need for a rethink
Oh dear. It appears that the old adage about the road to hell being paved with good intentions might be coming true when it comes to apprenticeships in Britain, at least if research by right wing think tank Reform is to be believed.
Its report – “The Great Training Robbery” – demonstrates that some of the frequently expressed fears of critics of the way the Government has sought to boost apprenticeships are being realised.
Published a year after the introduction of the Apprenticeship Levy, it finds many employers have sought to game the system and that a colossal £600m could end up being wasted by 2019/2020, when, according to the Tory Government’s stated policy some 3m should have embarked on apprenticeships.
Read more Employers relabelling low paid jobs as apprenticeships, report says Business leaders call for apprenticeship levy reform Governm..

Sainsbury's issues urgent recall of beetroot that could contain shards of glass

Shoppers told to return the product after Food Standards Agency issues warning
Sainsbury’s is urgently recalling its own-brand beetroot because it may contain shards of glass.
The Food Standards Agency issued a warning on Thursday night to inform Sainsbury’s customers that 340g jars of Sainsbury’s sliced beetroot may contain small pieces of glass.
Shoppers are being told to return the product because it is unsafe.
Read more Who knew Corbyn's antisemitic beetroot would cause such anger? The supermarket chain said only one batch of the product with a best before date of August 2019 was affected.
The batch number on the product is L318N1737 and the item code is 7860491.
“The presence of glass makes this product unsafe to eat and presents a safety risk,” a notice on the FSA website stated.
“If you have bought the above product, do not eat it. Instead, return it to the store from where it was bought for a full refund.”
Sainsbury’s will display point-of-sale notices in all r..