Jobs market holds up as experts await Brexit hit October 19, 2016 The UK labour market is holding up well in the face of the shock vote to leave the EU, though experts say it is just a matter of time before wages come under pressure and jobs stutter. Employment and pay growth managed to beat expectations in figures published by the Office for National Statistics (ONS) [...]
Exchange-traded funds (ETF) market set to grow to $7 trillion by 2021 July 11, 2016 Assets under management in exchange traded funds (ETFs) are expected to more than double in size over the next five years, according to a report by PwC. They will increase from around $3 trillion to $7 trillion by 2021, according to PwC. Over that time, the market will expand through entering new markets and developing further distribution channels and asset [...]
Direct Line Insurance Group share price rises as it reveals its estimated costs of the storms of up to £140m, while PwC predicts a mixed bag for premiums this year January 12, 2016 Direct Line Insurance Group today revealed that it estimated that this winter’s floods would cost it between £110m and £140m in claims across both its home and commercial divisions. The company stressed that these figures were estimates only and that an actual amount for insured losses could not be given with certainty for some while. After [...]
City Moves for 10 October 2016 | Who’s switching jobs October 10, 2016 Personal Group Personal Group has appointed George Farrow, the former Reward Gateway chief operating officer, to lead the client management teams and promote the uptake of Hapi, Personal Group's benefits platform, among new and existing clients. With a strong background in strategic growth and product development, George moved into the benefits market following 30 years [...]
Harman International Industries teams up with Toumaz on wireless home speakers September 2, 2016 Harman International, the world's largest speaker company, is working with digital radio and smart audio tech developer Toumaz on a Google Cast-enabled wireless speaker. Frontier Silicon – part of Toumaz – began developing software to use with Google Cast last year. Google Cast lets users connect their smartphone to their TV or speakers. Read more: Why British homeowners [...]
City Moves for 21 July 2016 | Who’s switching jobs July 21, 2016 Covington Elaine Whiteford is set to join Covington as a partner in the European dispute resolution practice in the firm’s London office. Elaine’s practice focuses on litigation, including contentious competition law matters and follow-on damages litigation, challenges to regulatory decisions, cartel and other regulatory investigations. Over the last decade, she has been involved in many of the most significant competition damages cases brought in [...]
Wearables at work: How businesses can avoid Big Brother syndrome October 21, 2016 News that 22,000 Metropolitan Police officers will be equipped with body worn video cameras to cut down on complaints, must count as one of the biggest roll-outs of workplace wearables in the UK to date. The move brings to mind Gartner's prediction that over the next two years two million US employees in high risk [...]
London will remain a world-leading city because of its world-beating talent September 12, 2016 When people think of London, our city’s iconic buildings, red buses, black taxis, and vibrant cultural scene often come to mind. But the capital offers so much more than that, with PwC finding in a recent report that London, for the second year in a row, is the world’s number one place for companies to do [...]
FTSE 350 pension deficits increase by £50bn during August September 5, 2016 Lower for longer interest rates led to pensions deficits ballooning to new highs at the end of August according to data released today. The aggregate pension deficits FTSE 350 companies now stand at £189bn, up from £139bn at the end of July. "The seemingly relentless march in pension scheme deficit increases continues," said Le Roy van Zyl of pension specialists Mercer [...]
Airbnb has made its biggest product announcement in its eight-year history – will it take off? November 21, 2016 Downtown Los Angeles was, until recently, an area more famous for Skid Row, but regeneration has brought trendy bars, foodie markets, and the likes of Urban Outfitters and Ace Hotels, creating a spot that feels not a million miles away from Shoreditch. This was the backdrop for multi-billion-dollar startup Airbnb’s biggest product announcement in its [...]