ALEX BRUMMER: BT chairman’s sudden departure is not a good look

The sudden departure of Jan du Plessis as chairman of BT after just four years is not a good look. It is normally the job of a new chairman to dispense with the services of the chief executive. That is what du Plessis did with Gavin Patterson after a short interregnum. In came former Worldpay … Read more

ALEX BRUMMER: Hitting the nation’s wealth creators would be folly 

ALEX BRUMMER: Hitting the nation’s wealth creators would be folly By Alex Brummer for the Daily Mail Published: 22:30 GMT, 28 February 2021 | Updated: 22:41 GMT, 28 February 2021 No post-war British Chancellor has faced a more difficult challenge than the one confronting Rishi Sunak on Wednesday.  He knows he must release the ‘coiled … Read more

ALEX BRUMMER: Budget risk of rising rates

ALEX BRUMMER: Combination of big spending and monetary laxity is stoking future inflation fears, sending interest rate yields higher By Alex Brummer for the Daily Mail Published: 21:53 GMT, 26 February 2021 | Updated: 21:53 GMT, 26 February 2021 The fretwork of any budget is the state of the public finances. The closer we have … Read more

ALEX BRUMMER: Labour’s false narrative on Serco’s Test and Trace

Serco is not among Britain’s best-loved companies, in spite of the mammoth effort by Rupert Soames to restore its standing. The outsourcer’s reputation was badly scorched in 2019 when it paid £23million to the Serious Fraud Office as part settlement over cheating on its electronic tagging contracts. For all its faults, though, it does not … Read more

ALEX BRUMMER: Bailey’s call to arms as EU derivatives battle heats up

ALEX BRUMMER: Bailey’s call to arms as battle with the EU over £1trillion-a-day derivatives trading heats up By Alex Brummer for the Daily Mail Published: 22:02 GMT, 24 February 2021 | Updated: 22:02 GMT, 24 February 2021 The choice of Britain’s EU negotiators to put fishing ahead of finance and sectors such as music was … Read more

ALEX BRUMMER: Jes Staley rides the tiger 

Grabbing a share of trading and deals on Wall Street for European investment banks was always going to be a big ask. UBS retreated into wealth management, Deutsche Bank has faced death by a thousand cuts and Credit Suisse has been turned around after some difficult eruptions. Britain’s Barclays has been best placed. It bought … Read more

ALEX BRUMMER: FCA fails savers with its tortoise-like Woodford probe

The pandemic has produced some of the fastest turnarounds in history. Pharma companies Pfizer and Astrazeneca reduced the vaccine development cycle from a decade to less than a year. And City traders quickly learned that it wasn’t necessary to be in Canary Wharf to drive markets to commanding heights. Commercial transformation to digital has been … Read more