Microsoft is attempting subject to regulatory approval to buy the professional networking site Linkedin for $26.1 billion. This is one of the largest tech deals of the year so far and also Microsoft’s largest ever purchase, which signals the ambitions of Microsoft to make up for lost ground in the social media sector.
Read moreIn the early hours of Friday morning, Sterling fell over 6% against the dollar in just two minutes. Sources differ, but Cable traded at $1.20 forming massive new 31 year lows.
Read moreThe British pound has slumped today over comments from UK Prime Minister Theresa May that the country is set for a “Hard Brexit”. The official negotiation period will be issued to the EU in March 2017.
Read moreDeutsche, one of the top 10 biggest global banks was described as the world’s most dangerous bank by the International Monetary Fund. The Bank is facing a giant penalty of $14bn from the US Department of Justice for alleged mis-selling of mortgage bonds before the financial crisis of 2008.
Read moreIn an attempt to reassure the City’s financial services industry of protection during Brexit negotiations, Phillip Hammond pledged to maintain free movement for “highly-skilled businessmen and women” after the UK leaves the European Union.
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