Gina Miller has been the lead claimant in the legal fight to get Parliament to vote on whether the UK can start the process of leaving the EU - but who is she? Ms Miller, 51, is an investment manager and philanthropist who was born in Guyana but grew up in Britain. According to her online LinkedIn page, she attended Moira House Girls' School, in Eastbourne, East Sussex, and then went to university in London. She is reported to have previously been a model and a chambermaid, but is best known for having campaigned for transparency in investment and pension funds. She co-founded the investment firm SCM Private in 2009.
Fund managers in London have slashed their hiring by nearly half since the Brexit vote, while recruitment in Paris and Luxembourg has risen, according to new data. A Financial Times report says data from professional networking site LinkedIn shows the number of London-based investment management job ads posted on its site fell in the first quarter of this year to just under half the number posted in the same period two years ago. There were nearly six times as many jobs posted in Luxembourg in the final quarter of 2017 as there were in the first three months of 2015, while Paris had more than 10 times as many jobs posted in the first quarter of 2017 compared to the same period two years ago. At the end of last week there were 1,867 investment management jobs posted in London, 339 in Paris and 278 in Luxembourg. Deloitte's asset management consultancy Casey Quirk EMEA head Jonathan Doolan says: "We are seeing a bigger push from UK and US managers to have boots on the ground in Europe.
Japanese technology company SoftBank Group Corp. is buying British ARM Holdings for 31 billion in a deal the British government hailed Monday as a vote of confidence in the country following last month's vote to leave the European Union. The recommended cash deal underlines SoftBank's desire to expand in the so-called Internet of Things, which refers to how a multitude of home devices from smart-thermostats to security cameras and domestic appliances can connect online and work in sync. ARM, which is the biggest-listed technology company in Britain, has a world-renowned reputation as an innovator in the Internet of Things -- its technology is used in most smartphones, for example. "ARM will be an excellent strategic fit within the SoftBank group as we invest to capture the very significant opportunities provided by the Internet of Things," said Masayoshi Son, chairman and chief executive of SoftBank. ARM centers its business on intellectual property, especially in mobile computing, rather than chip manufacturing, for which it relies on partners.
The Brand New DailyFX Fourth Quarter Forecasts include a fresh look at GBP. IG Sentiment Datashow of traders are 59.6% net-long of GBPUSD, a bearish contrarian indicator. However recent daily and weekly sentiment shifts show retail are less net-long on a daily and weekly basis, suggesting that prices may trend higher. Sterling has started the week under pressure and lower across the board after a weekend of yet more negative Brexit deadlines with continued infighting over the shape of the deal weighing. The EU has not yet made a decision but as we stand, the odds of getting any deal signed off by the government or Parliament look slim at best. UK data may help underpin Sterling this week with average weekly earnings expected to pick-up further, while inflation is also seen nudging higher.