Innovation Diary: Three things we can learn from the high growth small business gazelles September 15, 2013 OVER 350,000 new firms have been launched in the UK this year, and confidence is rising. Aldermore Bank research, released on Friday, saw small to medium-sized enterprise (SME) confidence in the economy climb for the fourth consecutive quarter. Yet this tells us little about what it takes to succeed as a UK startup. As Mark [...]
City Moves for 29 July 2013 | Who’s switching jobs July 28, 2013 KPMG The professional services firm has announced the appointment of James Wakelin to its real estate advisory team. Wakelin has 11 years’ experience in real estate investment and financing. He was most recently at Pacific Real Estate Capital Partners, where he was a director. Prior to that, he was a director at UBS Investment Bank, [...]
The former City men and women among today’s peerage lineup August 1, 2013 There are a few former City types among the 30 new peers welcomed to the House of Lords today. Howard Leigh (Conservative): Senior partner at Cavendish. Leigh is a qualified charterd accountant who set up Deloitte’s M&A group in early 1986 and Cavendish Corporate Finance in 1988. He’s also chaired the Conservative party’s The Leader's [...]
What the other papers say this morning – 21 August 2013 August 20, 2013 FINANCIAL TIMES Investment bank hiring uptick Investment banks including Nomura, Citigroup and Bank of America have started hiring dealmakers and traders in Europe in a sign that recruitment is picking up following a two-year cull that saw thousands of bankers lose their jobs. Recruiters say they are at their busiest since 2010 as banks add [...]
Technology has the power to transform – but it won’t render jobs obsolete August 5, 2013 FEARS that technology would destroy jobs and create mass unemployment have recurred with each wave of innovation since the Industrial Revolution. I was reminded of this when reading a book by the prominent trade union leader Clive Jenkins, from the late 1970s. The Collapse of Work did not beat around the bush. To Jenkins, technology [...]
City Moves for 17 July 2013| Who’s switching jobs July 16, 2013 HSBC The bank has announced the appointment of Alison McGregor as chief executive for Scotland. McGregor joined HSBC in March as a director of corporate banking. She has previously held senior roles at Clydesdale Bank and Barclays. BNY Mellon The investment company has recruited Anil Dala as market manager for treasury services in Europe, the Middle East [...]
Deloitte says that new capital rules are hitting levels of loans October 18, 2012 TOUGH capital requirements are the main cause of falling bank lending across Europe, according to a major new study out yesterday. Deloitte’s study of 19 institutions found 71 per cent cutting lending to raise capital in order to hit regulatory targets. Deleveraging is particularly marked because banks are struggling to sell off non-core assets as [...]
Deloitte says that new capital rules are hitting levels of loans October 18, 2012 TOUGH capital requirements are the main cause of falling bank lending across Europe, according to a major new study out yesterday. Deloitte’s study of 19 institutions found 71 per cent cutting lending to raise capital in order to hit regulatory targets. Deleveraging is particularly marked because banks are struggling to sell off non-core assets as [...]
Premier League return will benefit more than just well-paid players August 15, 2013 THE PREMIER League returns tomorrow. Although most of us will be interested in the quality of the football on offer, the amounts of money involved are no less significant. It’s Europe’s highest revenue-generating league by a margin of over €1bn (£850m), with combined club revenue of over £2.3bn in 2011-12. But while players continue to [...]
2013 Christmas quiz – The Answers December 20, 2013 1. Between spring and autumn 2013, which of these countries received the largest upgrade to its 2013 GDP growth forecast from the IMF? a. Indiab. United Statesc. United Kingdom ANSWER – United Kingdom. In April, the IMF forecast the UK would grow by 0.7 per cent in 2013. By October, the IMF had raised this [...]