Patience is a virtue: Why older bosses are better January 6, 2016 Youth is as prized in Silicon Valley as it is in Hollywood. The inexorable rise of disruptive tech companies, adored by investors and consumers alike, has ignited debate around the merits of young and older bosses, and what they can offer shareholders and employees. Young managers are often said to be more innovative, energetic and less [...]
UK hotels score at Rugby World Cup October 1, 2015 Wales wasn’t the only victor last weekend. Hotels also shared in the Rugby World Cup fever and enjoyed a surge in demand as fans flocked to host cities around the UK. Online searches for hotel rooms in London between 24 and 28 September – when England played Wales at Twickenham stadium – surged by [...]
City Moves for 18 November 2015 | Who’s switching jobs November 17, 2015 CAPITAL GROUP The investment management company has appointed Chris Miles as director, financial intermediaries. He joins from Fidelity Worldwide Investment, where he was associate director, wealth manager sales, responsible for the sales and relationship management of discretionary accounts. PwC The professional services firm has appointed Leo Ring and Hannah Carter to its pensions and investment [...]
Autumn Statement 2015: Businesses back deficit reduction plans but the public remains split November 23, 2015 The vast majority of business directors want chancellor George Osborne to hold his nerve on budget deficit reduction when he delivers the Autumn Statement this week, new survey figures reveal this morning, while the general public remains split on the issue. The Institute of Directors (IOD), a business group, said 85 per cent of 1,211 members [...]
PwC rejects Margaret Hodge’s claims that it promotes “tax avoidance on an industrial scale” February 6, 2015 PwC has rejected the findings of the Public Accounts Committee, which has accused the financial services firm of promoting “tax avoidance on an industrial scale”. The committee, led by Labour MP Margaret Hodge, published a report this morning slamming PwC for “artificially diverting profits to Luxembourg through intra-company loans”. She claimed its activities “bear [...]
PwC under attack from MPs over extent of tax planning services February 5, 2015 PWC’S tax advice service is too aggressive in helping clients avoid payments to the Revenue, MPs claimed today. “We believe PwC’s activities represent nothing short of the promotion of tax avoidance on an industrial scale,” said Public Accounts Committee (PAC) chair Margaret Hodge MP. “Contrary to its denials, the tax arrangements PwC promotes, based on [...]
Government unveils more funding for businesses hit by Storm Eva and Storm Desmond January 1, 2016 The government today made more funding available for businesses hurt by storms which wrought havoc in parts of the UK over the festive period. The Department for Business, Innovation and Skills (BIS) announced a £6m package to help he estimated 2,500 firms on either side of the Pennines left flooded by the Boxing Day deluge in the wake [...]
Chinese diets set to beef up demand for agricultural commodities October 5, 2015 Investors rocked by collapsing commodity prices should consider ditching copper and oil and park their cash in softer resources such as wheat and corn instead, a new report has suggested. Amid a backdrop of rising prosperity Chinese consumers are demanding more top nosh, with meat and grains such as wheat high on the menu wishlist. [...]
Dangerous Bank of England junction to be car-free by 2016 after cycling accidents November 20, 2015 Bank junction in the City could be closed to cars as soon as next year, the City of London Corporation has revealed, as planners push ahead with plans for a part pedestrianisation of the infamously busy crossroad. Under the proposals, which will be voted on at the end of this month, all cars, taxis and [...]
City Moves for 8 December 2015 | Who’s switching jobs December 7, 2015 BAKER & MCKENZIE Global law firm Baker & McKenzie has appointed Andy Moody as a partner in London. He joins in early 2016 from Eversheds. Andy has acted on a wide range of commercial disputes, focusing on international arbitration. His experience is in the energy sector where he has advised on international upstream, downstream and [...]