Hermes calls for an overhaul of chief exec pay to improve long-term performance November 14, 2016 Hermes Investment Management has called on large publicly listed companies to overhaul executive remuneration models. The company has released a paper outlining why restructuring remuneration practices helps long-term company performance and emphasising the need to address the question of fairness. The proposed reforms include publishing the ratio of chief exec to median worker pay and a [...]
EU pushes for banking rules to be brought in line with the rest of the world November 23, 2016 The European Commission has today unveiled a slew of potential reforms designed to keep the banking sector propped up in the event of an economic downturn and to bring the EU industry more in line with the rest of the world. Included among the proposals are tweaks to capital requirements to make them more sensitive to [...]
Premier League summer transfer window spending crosses £1bn mark for the first time August 31, 2016 Premier League clubs have spent more than £1bn on players in the summer transfer window for the first time — and even more cash is expected to change hands on deadline day. English teams, who have until 11pm tonight to complete their business, have already spent £130m more than they did last summer. According to figures from Deloitte's [...]
City Moves for 30 November 2016 | Who’s switching jobs November 30, 2016 Close Brothers Asset Management Close Brothers Asset Management (CBAM) has strengthened its financial education corporate relationship team, making key appointments in senior positions. Mike Hardy (pictured) has been appointed as director of strategic partnerships having over 15 years’ experience in this area with senior positions at three FTSE companies; HSBC, Aviva and Lloyds Bank. His role [...]
More M&A experts think Brexit vote could spark overseas interest in UK firms August 8, 2016 Nearly a quarter of mergers and acquisitions (M&A) partners and dealmakers at Deloitte believe the Brexit vote could boost UK inbound activity. When Japan’s SoftBank announced a £24.3bn deal for UK chip maker Arm, some M&A experts suggested that British companies could become attractive takeover targets post-Brexit vote, with the pound’s value falling against the dollar. [...]
Eh? Rolls-Royce and Game are among the 25 best UK companies to work for. Supposedly. November 23, 2016 An engineering giant which has issued a string of profit warnings, two retailers which recently came out of administration and a bank which was the centre of a major scandal this year are among UK employees' 25 favourite companies to work for, according to new research. Rolls-Royce came top of jobsite Indeed's Top Employers in Britain list. The [...]
Finance chiefs go on the defensive following Brexit vote July 17, 2016 Finance heads across the UK's biggest businesses are preparing themselves for a post-EU vote storm, research out today has found. The study by Deloitte, which surveyed 132 finance chiefs of FTSE 350 and other large private companies between 28 June and 11 July, discovered appetite for risk had dropped sharply following the vote to Leave, while feelings of uncertainty [...]
David Davis has met with professional services sector execs to get their Brexit views October 27, 2016 The Brexit secretary today met with key figures from the professional services sector. David Davis, along with ministers Robin Walker and Lord Bridges, chaired a meeting with representatives from a number of trade bodies, including the Law Society, the Bar Council, the Business Services Association and the Institute of Chartered Accountants in England and Wales, and firms, including [...]
Deloitte: Bitcoin isn’t ready to be regulated yet October 22, 2015 Deloitte has said bitcoin doesn’t need to be regulated yet, comparing the digital currency to technologies like the telephone and the internet, which were both given decades to mature before regulation. In its report, “Bitcoin at the crossroads”, the professional services firm said despite the financial industry’s excitement over bitcoin and blockchain, the underlying technology supporting it, [...]
City Moves for 29 November 2016 | Who’s switching jobs November 29, 2016 Together Specialist lender Together has appointed a new corporate development director to its commercial property team as it continues to expand. David Cunningham, who will work with clients across the north-west, joins from Secure Trust Bank. Prior to this he spent 21 years at NatWest, where he specialised in real estate finance. David, who is [...]