Theresa May vows to turn Britain into “a great global trading nation”

Prime Minister Theresa May will today vow to make Britain “a great global trading nation” in an eagerly-awaited landmark speech on Brexit.Speaking at Lancaster House later today, May will set out 12 key negotiating objectives for the UK, underpinned by promises to provide certainty and clarity, and to create a stronger, fairer and more global Britain. whatsapp In what will be seen as the Prime Minister advocating a “clean” or so-called hard Brexit, she will seemingly rule out membership of either the Single Market or the Customs Union by signalling her intention to secure a relationship with the EU “unlike that enjoyed by any other nation”.“We seek a new and equal partnership – between an independent, self-governing, global Britain and our friends and allies in the EU,” she will say.“Not partial membership of the European Union, associate membership of the European Union, or anything that leaves us half-in, half-out. We do not seek to adopt a model already enjoyed by other countries. We do not seek to hold on to bits of membership as we leave.”Read More: Hammond hints Britain could lower corporate tax rateDespite repeated pledges to clamp down on migration since last summer’s referendum, May will also insist the UK will remain “outward looking” and will continue to welcome talented workers who contribute to the economy. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.com May will promise to make the UK “a magnet for international talent and a home to the pioneers and innovators who will shape the world ahead”. This allies with chancellor Philip Hammond’s October statement to parliament’s Treasury select committee, in which he stated that “computer programmers, brain surgeons, bankers, senior managers” would be unlikely to face blocks on migration.May will set out her vision for “a country that gets out into the world to build relationships with old friends and new allies alike,” stressing that it remains in Britain’s national interests for the EU to prosper, and that while the UK is leaving the EU, it is not leaving Europe.Read More: Trump wants to seal a new trade deal with the UK “very quickly”“We will continue to be reliable partners, willing allies and close friends,” she will say.“We want to buy your goods, sell you ours, trade with you as freely as possible, and work with one another to make sure we are all safer, more secure and more prosperous through continued friendship.”The details of the speech will be watched closely in the City with the Treasury expected to reach out to the Square Mile’s top bankers in the immediate aftermath of May’s comments, while the Prime Minister will also offer to provide “as much certainty and clarity as we can at every stage”. Theresa May vows to turn Britain into “a great global trading nation” Mark Sands Share whatsapp Tuesday 17 January 2017 12:11 am read more


The UK government’s crackdown on encryption threatens to undermine London’s fintech boom

Talk of calamity befalling corporate Britain as we negotiate our EU exit is typically overblown.Nevertheless there is a potentially serious conflict in the making between the UK government’s stated desire to maintain access to certain online data for reasons of national security and the continental European determination to institute a modern system of information rights. This divergence, which lies at the heart of the Investigatory Powers Act, has the potential to inflict damage on London’s standing as a global financial centre post-Brexit. 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Mark Field Yet London-based businesses, particularly international banks, are beginning to take the potential impact of the EU-wide GDPR extremely seriously. Established firms or startups naturally seek to serve not just the UK market but also the entire European continent, and are increasingly aware of the financial and legal costs of security violations.Read more: Few businesses are ready for the biggest ever overhaul of data regulationWhile the Data Protection Act 1998 allows the UK Information Commissioner to impose a monetary penalty on any firm breaching data rules, that fine is capped at a maximum of £500,000. The potential amount that can be fined under the GDPR, on the other hand, is now set at up to €20m or 4 per cent of total worldwide annual turnover of the preceding financial year – whichever is higher – for specified infringements.Naturally any company handling money or requiring confidentiality online takes cryptography seriously since their entire business model and market reputation depends on it. The recent high-profile controversy between the FBI and Apple over iPhone security immediately resulted in some US technology firms relocating their data centres to Europe, most notably to Germany which has become known for its strong data protection laws and enforcement.So to summarise the dilemma facing tech firms in dealing with these issues, one technologist recently advised Wired magazine, “the British Prime Minister wants to break crypto while my bosses tell me the gargantuan risk to our business is losing our customers’ faith through a data breach or being seen to pander to governments by handing over their personal data.” Read more: Yahoo would be liable to pay a $198m fine were GDPR already enforcedModern finance depends on cryptography, without which online services from credit card payments to derivatives trading would not function. The advent of GDPR is moving technologists across the EU to use blockchains much more widely, especially when it comes to establishing identity.The claim by the UK government that cryptography can be compromised by the state without impairing commercial security and usability is simply not believed by technologists or businesses in this sector. If we continue to weaken encryption, or make it subject to greater scrutiny by law enforcement authorities, the simple and uncomfortable truth is that the UK will be risking the future of financial services businesses domiciled here.This is the dilemma that faces the UK government as it rightly seeks to carve a dominant niche in the booming fintech industry. The public demands that government keeps a watchful eye on those seeking to use the web for altogether darker motivations. Yet citizens and businesses also expect the internet to be a secure place for day-to-day financial and social transactions.The UK risks finding itself in the perverse situation of successfully negotiating a Brexit equivalence deal on financial services, but being unable to sell the products of our burgeoning tech industry into the EU by failing to qualify as an identity-and-data responsible country. In her final Home Office legislative initiative before entering Downing Street, Theresa May sought to weaken the global communication service providers’ stranglehold over “strong cryptography”. This came at precisely the time that the EU was moving towards enacting a General Data Protection Regulation (GDPR), an EU-wide protocol allowing individuals to control their data that depends implicitly on strong cryptography.On the continent, the example of what happened in Estonia in 2007 still looms large. Following a Russian cyber-offensive that year, the Estonians created a much-admired national system of identity where individuals control their data and the state can only request access to it for transactions. Indeed, under the Estonian protocol, the state is only permitted to ask once for the recording of a particular data item and must request access to individuals’ data on a case-by-case basis.Read more: An eye for an eye, a hack for a hack: The cyber arms race is heating upThe Estonian system was an early variant of distributed ledger technology (aka blockchain) – the fintech innovation that is designed to increase the security of financial and other security-conscious transactions. Indeed the UK Office of the Government Scientist recently praised the Estonian system for providing secure, cost-effective technological protection, and this approach is the model many EU technology specialists have in mind when they consider how to implement GDPR.No one doubts that the field of secure technology is one of the most exciting in the fintech boom underway in London right now. Some commentators believe the financial technology revolution will have as transformative an impact on the City of London as Big Bang after 1986. whatsapp Share Friday 10 February 2017 4:59 am whatsapp The UK government’s crackdown on encryption threatens to undermine London’s fintech boom read more


Uber takes on TfL in High Court over English language requirements

Sunday 26 February 2017 6:35 pm Alys Key whatsapp Share The plans have been condemned as discriminatory by the Joint Council for the Welfare of Immigrants and the Runnymede Trust.Uber’s general manager in London, Tom Elvidge, said that the plans “threaten the livelihoods of thousands of drivers.” The three drivers joining the legal crusade on Tuesday are all people who the company says could be affected by the changes.The test costs £180 to sit and is already available but not mandatory, pending Uber’s legal action. If the judicial review is unsuccessful, the test will be compulsory from September of this year.However Helen Chapman, TfL’s General Manager for Taxi and Private Hire said: “It is essential for public safety that all licensed drivers can communicate in English at an appropriate level. The ability of drivers to receive, understand and respond to written communications contributes to public safety and customer care. We are clear that this is crucial to a driver’s role in transporting the public.”Elvidge commented: “We’ve always supported spoken English skills, but passing a written English exam has nothing to do with communicating with passengers or getting them safely from A to B. Transport for London should think again and scrap these unfair and unnecessary new rules.”Uber has already given its drivers a free year-long subscription to Busuu, a language-learning app, which will help with passing the test if the changes do come into effect. Uber takes on TfL in High Court over English language requirements whatsapp The car-booking firm Uber joins forces with three of its drivers this week to launch a High Court challenge to English language tests for minicab drivers.Under the proposals, put forward by Transport for London (TfL), private-hire drivers without UK qualifications will have to take a two-hour test to demonstrate their English language skills. Yet figures from the Department for Business Innovation and Skills show that 7 per cent of the entire UK population would likely fail the test. The requirement to write a short essay and an article makes the assessment more advanced than the current language requirements for British citizenship. More From Our Partners Astounding 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.orgPuffer fish snaps a selfie with lucky divernypost.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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMyHealthReads.comIf You See Square Waves In The Ocean Get Out Of The Water ImmediatelyMyHealthReads.comUndoweniixTop 5 Best Affordable Sports Cars 2021 – WENIIXweniixUndoPaperelaThe Owner Visited His Restaurants Dressed Like A Hobo. What Happens Next Shocks HimPaperelaUndoBrake For It40 Best Daily Driver Sports CarsBrake For ItUndoScalp ParalysisMany May Wish They Knew Scalp Psoriasis Warning Signs SoonerScalp ParalysisUndotibgez10 Signs & Symptoms of Lewy Body DementiatibgezUndoRich HousesNobody Could Have Predicted What Befell The World’s First Surviving SeptupletsRich HousesUndoillusion.funShe sticks a rose stalk into a potato and look what happensillusion.funUndoAuto carLook: Top 5 best small SUVs 2021 | AutocarAuto carUndo read more


Societe Generale deputy chief executive exits over Libor disagreement

Wednesday 14 March 2018 12:10 pm Two of its bankers were indicted over Libor manipulation last year by the US Department of Justice.Read more: A decade on, banks still haven’t learnt from the Kerviel fraud caseIn 2009 Jean-Pierre Mustier, former head of SocGen’s investment bank, stepped down following massive losses caused by rogue trader Jerome Kerviel.Kerviel, who was part of Mustier’s divison, lost €4.9 bn (£4.3bn) in unauthorised trades in 2008. Share Societe Generale deputy chief executive exits over Libor disagreement by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRest WowThe Most Successful Female News Anchors On Fox NewsRest WowGotGravy.comThese Yachts Cost Fortunes. Celebrities Love ThemGotGravy.comDaily Sport XWhat This Family Found In Their Backyard Will Leave You In AweDaily Sport XMiaw StoreSome acts from your cat may be a sign for alarm. Get to know it nowMiaw StoreCleverstAlways Place A Bag On Your Car Mirror When Traveling Alone, Here’s WhyCleverstHistory 10Box Office Flops That Destroyed Careers And Cost Hollywood MillionsHistory 10Car NovelsCop Pulls Over A Car, But When The Driver Rolls Down His Window, His Life Changes ForeverCar NovelsSoolide9-Year-Old Boy Gives Police Officer A Note, Changing His Mom’s LifeSoolideCookingAmour12 Unexpected but Great Uses for Vicks VapoRubCookingAmour whatsapp The statement said that Valet “resigned in order to preserve the bank’s general interests”.Read more: Two former Societe Generale bank managers charged in US over Libor riggingHe will be replaced on an interim basis by chief executive Frederic Oudea.“The board of directors, and the general management wish to warmly thank Didier Valet for the quality of his commitment and his career within the group. Didier Valet succeeded in transforming the corporate and investment banking activities, building a profitable and sustainable model,” the statement said.The French bank is one of a number of banks caught up in the investigation into the rigging of Libor by US authorities. James Booth Societe Generale deputy chief executive Didier Valet has resigned following a “divergence of approaches”, the bank said in a statement today.The disagreement was related to “the management of a specific legal matter”, which is understood to be the investigation into the rigging of the London interbank offered rate (Libor). whatsapp read more


Former Stobart Group boss at heart of boardroom battle suggested reuniting group

Sunday 24 June 2018 11:28 am whatsapp “Look forward to seeing you and Ben at the Castle tomorrow night.”The Castle, is understood to refer to Day’s home in Cumbria, Edmond Castle, a nineteenth century mansion not far from Tinkler’s own Cumbria home.In a later email Day wrote: “Just read project park and its looks very interesting, can see why you would want to combine! WinWin.”We can chat tomorrow night when we meet up.”Day signed off the email: “Take care mate and speak soon”. Former Stobart Group boss at heart of boardroom battle suggested reuniting group In his reply Tinkler wrote: “Today is de day for the Chairman I sent a email yesterday telling now is a good time for him to step down or I will have to call a EGM which is not in the best interest of him or the company, will keep you updated as it unwinds.”Tinkler, who owns 7.7 per cent of the Stobart Group, is planning on voting against Ferguson’s re-appointment as chair at the company’s 6 July annual general meeting.He has the support of shareholders who control at least 33 per cent of the shares in the company, including fund manager Neil Woodford.In another email exchange Jaeger-owner Day invited Tinkler to attend a future press event for the luxury brand – “you have to come to one, good fun,” he wrote.The pair also exchanged banter about a new boat Day was planning on buying in Greece and in earlier emails talked about a blackjack table he was thinking about installing in his house in Cumbria. James Booth by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeweniixTop 5 best crossover sedans of 2021 – WENIIXweniixHousediverAfter Spotting Trouble, Teen Jumps Into ActionHousediverZenfirYou Will Never Throw Away a Banana Peel Again After You See ThisZenfirInternational Airmed Ambulance | Search AdsInternational Critical Care Flight Nurse Might Be Needed For Elder Patient. Check Options!International Airmed Ambulance | Search Adsmylovelymalinois[Pics] Ex-cop dog barks at tree, dad cuts it downmylovelymalinoisBrilliant TravelerThere’s One Reason Baby Boomers Eat This Strange SnackBrilliant TravelerLocksmith | Search AdsYou Might Need Locksmith More Than You ThinkLocksmith | Search Adsslow-watches.comHandmade in Switzerland: 24 hours and only 1 hand. The Slow Watch helps you to live for the moment.slow-watches.comI Love CatsTop 10 most expensive cat breeds in the world 2020I Love Cats A spokesperson for Tinkler said that ‘project park’, was an example of him trying to create value for the company.“In fulfilling his board appointed role Andrew generated numerous ideas at Stobart Capital to enhance shareholder value for the group,” they said.Tinkler was fired from Stobart’s board earlier this month and the two sides are at legal loggerheads with Stobart accusing Tinkler of making unlawful use of company information and Tinkler accusing the company of defamation. Share Former Stobart Group chief executive Andrew Tinkler drew up plans to merge Stobart Group with trucking business Eddie Stobart Logistics, which it span off in 2014.The merger, which was discussed as recently as last month, would have created a business with a market capitalisation of £1.7bn. whatsapp Tinkler is currently engaged in a bitter battle with the board of the Stobart Group and is trying to unseat its chairman Iain Ferguson, calling for his replacement by Edinburgh Woollen Mills boss Philip Day.The Stobart Group board has accused Tinkler of trying to parachute a friend and ally into the role of chair.Tinkler has previously said he has only met Day a handful of times, but emails between the pair referencing the Stobart merger appear to show a cordial relationship.In emails from last month seen by City A.M., Tinkler asked Day for his input on the proposed merger, dubbed ‘project park’.Day wrote in an email to Tinkler last month: “Now got project park, will read tonight. read more


House of Fraser could have been sold for £1, EY letter reveals

Friday 17 August 2018 2:35 pm House of Fraser could have been sold for £1, EY letter reveals whatsapp The letter also states that six parties made formal offers to buy the high street chain before it was acquired by Sports Direct for £90m on 10 August. One potential buyer had offered to purchase the retail chain on a solvent basis for £1.The bidder also made an offer to buy House of Fraser from an insolvency sale for £100m, but withdrew after “the party communicated that they could not justify the transaction commercially and they were withdrawing their interest”.Four other offers were rejected after it was assessed that they would generate a low recovery for creditors.Read more: Fast fashion now fading faster? Share whatsapp Beleaguered department store House of Fraser could have been sold for just £1 ahead of its acquisition by billionaire Mike Ashley’s Sports Direct brand, administrators EY revealed today.The retailer saw a £14.6m drop in profits in the 13 weeks to the end of April, four months before it entered administration. Turnover also declined 7.7 per cent in that period, a letter to creditors published today by EY showed.  Suppliers to House of Fraser, who are owed a total of £753m, will not be paid by Sports Direct, the BBC reported. The new owner is not legally obliged to pay suppliers anything owed ahead of 10 August, but often acquiring firms do make some payment as a gesture of goodwill.The news comes after the department store cancelled all online orders on Thursday evening after a dispute with warehouse operator XPO Logistics.XPO had ordered workers at its two warehouses in Milton Keynes and Wellingborough to stop working, and has reportedly refused access to Sports Direct vehicles attempting to collect stock for deliveries to shops and customers.House of Fraser tweeted: “Due to delays with delivering online orders, we have taken the decision to cancel and refund all orders that have not already been sent to customers. All customers affected will receive an email in the next couple of days.”Please accept our apologies for any inconvenience caused.”Read more: High Street bounces back as shoppers seek leisure and dining Jessica Clark More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org read more


Standard Chartered executive warning over Brexit jobs exodus

whatsapp Standard Chartered executive warning over Brexit jobs exodus Jessica Clark whatsapp Sunday 19 August 2018 2:18 pm 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 Heraldmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comTotal 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 LoveBetterBe20 Stunning Female AthletesBetterBeNovelodgeMan Pulls Hidden String In Scottsdale And Discovers Secret Room Filled With…NovelodgeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorVitaminewsDavid Bowie’s Daughter Is Probably The Prettiest Woman Ever ExistedVitaminews Share A Standard Chartered executive has warned that more jobs could leave the UK after Brexit. Europe and Americas regional chief executive Tracey Clarke said UK headquartered banks could be forced to move more jobs to mainland Europe than originally planned in a bid to meet banking compliance rules. Standard Chartered has been waiting around nine months to receive a banking licence.”Because we were one of the first there was no precedent for us, or for them. It’s been a learning process on both sides,” Clarke told PA.Read more: EBRD plans to remain in London after Brexit The bank is planning to convert its office in Frankfurt into its European base to retain access to the market after the UK leaves the EU. Read more: Mayor of London warns capital must prepare for no-deal BrexitThe European Central Bank has said it will not allow companies to have a presence in a country in name only. Clarke told the Press Association: “For us, it still won’t be hundreds more people because of the size and scale of our business, so you might be talking a few more for us.”But if they’re taking this approach with all other banks who are much bigger than we are in terms of their European business, that could be more significant.” More From Our Partners Russell 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.com read more


Every man’s office is his castle: Chris Morling tells us about the time his business unintentionally spread fake news

first_img whatsapp   What kind of boss decides to buy a castle and use it as an office? Apparently, a boss like Money.co.uk founder Chris Morling. Over the next two years, he hired a commercial director and his first developer (both employees still work for him now). While many entrepreneurs start with a “vision”, Morling admits that this wasn’t really the case with Money.co.uk.“I’ll be honest, at the start, it was rather opportunistic and haphazard. There was no direction – it was a case of ‘that’s shiny, let’s do that’. We worked in a professional manner, but we were very amateur in our approach. You do feel a bit of a fraud, because many entrepreneurs set out to disrupt a market. For me, I was just enjoying learning and doing something different.”This directory soon progressed into several affiliate marketing websites – where you sell the products of other companies. Each website was selling different financial services and products, such as personal loans, car insurance, or credit cards. Katherine Denham Every man’s office is his castle: Chris Morling tells us about the time his business unintentionally spread fake news “My starting point wasn’t that I wanted to save money for millions of people. It was that I wanted a change of lifestyle and to be master of my own command. That was really the trigger.” When people found out that it was fake, the whole journalist and SEO community came down on us like a tonne of bricks Monday 17 September 2018 2:22 pm Tags: Google Insurancecenter_img whatsapp In 2008, Morling saw that the affiliate sector was starting to mature, and he decided to up the ante by bringing all the websites together under one umbrella, overhauling the brand, while also incorporating Defaqto data, and introducing a series of guides to help consumers understand the products.Fake newsPeople rarely become successful without making a few mistakes along the way, and Morling is refreshingly honest about one particular incident in 2008.“We started creating content that people would link to online, and – through a third-party writer – our SEO consultant pushed out a fictional story about a 13-year-old boy who stole his dad’s credit card, spent thousands of pounds, and ended up in a hotel room with a couple of prostitutes playing Xbox. It was a stupid story, but it got picked up in the media and went viral.“I genuinely thought that it was obvious that the story was made up. But when people found out that it was fake, the whole journalist and SEO community came down on us like a tonne of bricks.”Google didn’t take it lightly either, blacklisting Morling’s company so that the website no longer appeared in search results. It took three months for Money.co.uk to reappear in a Google search, and up to 12 months for it to rank again. While some might presume that purchasing a castle is merely a grandiose way of making a statement, Morling is far from a show-off.In truth, the idea started out as a joke. “One of my colleagues emailed me with a link to an advert for a castle that was for sale, and we went to have a look as a bit of a laugh,” says the founder of the comparison website.With a growing team that was in need of more space, Morling realised that it wasn’t such a crazy idea after all, and bought half of the Grade II Listed building – turrets and all. “It had 15 rooms, and we only took up two at the time. Then a year later, we were growing so rapidly that I decided to snap up the whole shebang.”As luck would have itIn many ways, the castle epitomises Morling’s sense of fun – his refusal to take life too seriously. And you can see that come into play in the building of his business.In 2000, Morling decided to pack in his day job as a web developer to build his own finance directory business. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndo Share Morling admits that it was painful at the time, but he took two important lessons from the experience. First, obviously don’t push out fake news. And second, base your SEO strategy on creating a great product, rather than trying to game the system.“Learning this early on meant that we built a solid SEO strategy that is now the backbone of the business.”But Morling never worried that the saga could permanently damage the company, and it has since gone from strength to strength.“In 2015, I don’t think we had the self-belief that we could compete with the big boys like MoneySupermarket, which had millions to spend on TV advertising. But, even with a very small team, we really started to compete, so we have focused on becoming bigger and better at what we do.”Princely sumSoon the website’s success garnered interest from potential buyers. And in September last year, Morling decided to sell Money.co.uk to ZPG Plc for a princely sum of £140m – fitting for a business based in a castle.“It was a tough decision, and one I’d been chewing on for many years. It was similar to the decision to have a children – in that I knew I wanted kids, that I would never feel 100 per cent ready for them, and that the opportunity would pass by if I left it too late.” He also wanted the challenge of building another startup from scratch.But he stresses that finding the right buyer was really important. “You also need to clearly understand the reasons in your own mind why you want to sell, as well as what’s best for your team.”Morling is now pursuing various other projects. Next year, he’s starting a full-on chief exec role at BigChoice Group, which places international students at universities abroad. He’s also currently advising two other fledgling businesses, including electrical comparison website Kagoo, and motorcyclist platform RideTo.Royal waveLast year, Morling was dubbed “Britain’s best boss”. He says his family – who work in the civil service – have instilled a strong sense of how to treat people. “That gave me a natural head-start, because if you genuinely care about the people who work for you, they will pay you back in commitment and effort – it’s not something you can fake.”This businessman almost sounds philosophical. “I’m a strong believer in making the most of the opportunities that present themselves to you. Success has got nothing to with money.” I think it’s funny that the premise of his successful website revolves around money.But of course, the business is more than that, and Morling is more than a guy with a castle. More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.com Selling the business was similar to the decision to have a childrenlast_img read more


Serco stands out from outsourcing crowd with bullish trading update predicting strong profit growth

first_img whatsapp Serco’s share price rose nearly eight per cent this morning to 96p.  whatsapp Outsourcer Serco delivered a confident trading update today forecasting a 30-40 per cent increase in underlying profit for the year, despite the gloom that is gripping its rivals.The company predicted profit in the range of £90 to £95m, it upgraded its earnings per share forecasts for 2018 and 2019 and said its leverage and net debt was lower than expected. Serco stands out from outsourcing crowd with bullish trading update predicting strong profit growth James Booth Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoScientific MirrorLily From The AT&T Ads Is Causing A Stir For One ReasonScientific MirrorUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoLearn It WiseColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumLearn It WiseUndocenter_img Thursday 13 December 2018 9:25 am Tags: Carillion Company Interserve The strong performance comes as competitors such as Mitie and Interserve struggle in the wake of the collapse of Carillion at the start of the year.Serco said its 2019 outlook was in line with market expectations of continued progress, with revenue forecast at £2.8bn to £2.9bn and underlying trading profit to grow by mid-single digits in the range of £95m to £100m.It said its underlying earnings per share for 2018 and 2019 are likely to be a further five to 10 per cent ahead of current consensus, principally as a result of a lower effective tax rate.It has also renewed a £250m revolving credit facility with its banking syndicate for five years on “substantially unchanged” terms.Chief Executive Ruperts Soames said: “Profits have grown strongly in 2018 with margins increasing as a result of improved operational performance and cost reduction. With revenues no longer reducing, cash generation turning positive and the benefit of a strong balance sheet, we are pleased with progress, and we expect further improvement in 2019.” Sharelast_img read more


Swiss engineering group ABB confirms talks with Hitachi over power grid business, shares go up

first_img Swiss engineering group ABB confirms talks with Hitachi over power grid business, shares go up ABB is reportedly looking to focus its efforts on more profitable arms of its business, such as those manufacturing for the automation and robotics sectors.The company added: “There can be no certainty that any transaction will occur, or as to the timing, structure or terms of any transaction.”Shares were up 3 per cent today. Share Tags: Trading Archive ABB is in talks with Hitachi over a deal centred around its power grid business, which the Swiss engineering company is reportedly looking to sell.Shares were up today on the announcement, which follows weeks of speculation over whether the 147,000-worker manufacturing organisation would sell its power grid arm. whatsapp Alex Daniel Discussions with Hitachi, Mitsubishi Electric Corp and State Grid of China to sell parts of the business were reported last month, but today’s clarification appears to mark a step forward in narrowing down a potential buyer.In a statement today, ABB said it is “in discussions with Hitachi to expand and re-define the existing strategic power grid partnership between the two companies announced in December 2014”.The power grid part of ABB’s business, which makes transformers and electricity substations among other things, has historically performed poorly in relation to other segments like automation.But since chief executive Ulrich Spiesshofer decided to keep the business two years ago against the will of some shareholders, it has performed better.In Japan, the Nikkei newspaper reported the companies were approaching a deal which would see Hitachi pay between ¥600bn and ¥800bn (£4.21bn-£5.61bn) for a 50 per cent stake in the business. Wednesday 12 December 2018 1:42 pm whatsapplast_img read more