Financial Conduct Authority (FCA) asset management market shake-up: How the City has reacted – Aberdeen Asset Management, Gina Miller, AJ Bell June 28, 2017 The financial watchdog has announced its plans to reform the asset management market, after carrying out a review of the £7 trillion industry over the past two years. The Financial Conduct Authority (FCA) launched a competition investigation into the sector in 2015, and today the regulator made recommendations for remedies in three areas to address [...]
North Sea oil projects are rife with delays and overspending March 3, 2017 The UK's North Sea oil projects have run rampant with delays and overspending in recent years, a report by the industry regulator today revealed. Fewer than 25 per cent of oil and gas projects since 2011 were delivered on time, and projects were on average around 35 per cent over budget, a five-year review by the [...]
It’s time we saw some real planning reforms in the upcoming housing white paper January 31, 2017 Much like a typical planning application, the housing white paper has already become mired in delay. The policy document, a central plank of Theresa May’s government, was originally due out last year and then put back until January. The smart money is now on publication on 6 February although that date remains unconfirmed. The white [...]
Olympic Stadium investigation: Beancounters net fees, findings to be made public this summer March 13, 2017 The mid-tier accountancy firm undertaking the forensic investigation into the London Stadium overspend will net at least £140,000, according to documents published by City Hall. Moore Stephens was appointed in February to perform a review of how the cost to transform the Olympic Stadium into the multi-use London Stadium increased from an original budget of £115m to £323m. The firm plans to deliver [...]
Half of UK workplaces report mental health problems, according to the Institute of Directors (IoD) March 2, 2017 Over half of British employers (54 per cent) have been approached by staff suffering mental ill health, a new survey by the Institute of Directors (IoD) has revealed. Ninety eight per cent of business leaders surveyed said good mental health is important to the performance of their organisation. However, just 14 per cent have a formal mental health policy [...]
The case for the Garden Bridge is “weaker than in 2014” says the Treasury February 9, 2017 A Treasury report has questioned the business case for London’s controversial Garden Bridge. Officials told MPs that “the overall case for the project is weaker today than it was in 2014”. In an analysis sent to Parliament’s Public Accounts Committee, Treasury permanent secretary Tom Scholar said there are “significant uncertainties” about some of the benefits the [...]
Global Cities 30 index: Seattle’s boom is about far more than Amazon May 5, 2017 The Schroders Global Cities Index ranks the fastest growing urban economies in the world, focusing on the potential for property investment. Read more on the Global Cities Blog. On this post, we examine Seattle's success and its future prospects . Why Seattle? Sitting at no.25 in the Global Cities Index, we rate Seattle as a [...]
Schroders Global Cities 30 index: Seattle’s boom is about far more than Amazon May 5, 2017 The Schroders Global Cities Index ranks the fastest growing urban economies in the world, focusing on the potential for property investment. Read more on the Global Cities Blog. On this post, we examine Seattle’s success and its future prospects . Why Seattle? Sitting at no.25 in the Global Cities Index, we rate Seattle as a [...]
Steel billionaire Lakshmi Mittal’s son-in-law Amit Bhatia is a Snap investor and he expects the IPO to boom March 1, 2017 Snap's impending float will be mega successful, according to a London investor in the messaging app. Amit Bhatia, steel billionaire Lakshmi Mittal's son-in-law and founder of Swordfish Investments, took part in a funding round in 2014 that valued the company behind Snapchat at $10bn (£8.13bn). "Far from looking to exit at IPO, I would look to add to my [...]
The Garden Bridge’s trustees warn the project could cost more than the £185m planned January 11, 2017 The Garden Bridge's future has come into doubt after its trustees said today that it could cost more than the £185m planned and that it was "difficult" to conclude that it was a going concern. The project has been hampered by delays, pushing up the costs associated with the project. Accounts filed on Companies House [...]