July Budget 2015: Here’s what analysts said about George Osborne’s slashed corporation tax and abolished non-dom status July 8, 2015 George Osborne promised that his would be a “budget for working people” as he presented the first Conservative Budget since 1996. But how did he deliver on this promise for the financial industry? And how has the industry received the Budget? Here’s what analysts and firms are saying. Osborne’s Budget included several points of particular [...]
Bankers more unethical under tougher rules June 21, 2015 A “get tough” approach to poor employee performance may breed more unethical behaviour in financial services, new research reveals today. Generating excitement about winning, rather than a fear of losing, is the key to innovative and engender ethical behaviour, according to the report from London Business School and consultants PwC. Managers were 15 per cent [...]
City Moves for 31 July 2015 | Who’s switching jobs July 30, 2015 Allianz Worldwide Care The health and life insurance firm has appointed Ida Luka-Lognoné as chief executive. Before joining Allianz Worldwide Partners’ executive committee in January 2014, responsible for strategy, innovation, and market management, she was chief executive for Europe, Middle East and Africa at Allianz Global Assistance. Luka-Lognoné has also held roles at Elvia Travel [...]
Round and round in Broadgate circle August 12, 2015 Broadgate circle will become a speed-cycling hub today, as the business campus welcomes the return of the ASDA StreetVelodrome Series Super Final. The pop-up velodrome will see the fastest members of the public from the regional heats compete to win the series alongside pro-riders including Olympic track gold medallist Craig MacLean, elite rider and TV [...]
Punitive tax hikes jeopardise UK banks’ competitiveness September 20, 2015 Benjamin Franklin, one of the founding fathers of the United States, wisely noted that only two things are certain in life: death and taxes. Unfortunately, his observation – or at least half of it – no longer holds true today. When it comes to banking, uncertainty on tax has become a serious concern. [...]
PwC and MarketInvoice to give small firms investment boost October 26, 2014 AN AGREEMENT between PricewaterhouseCoopers (PwC) and online debt market MarketInvoice, announced today, plans to give businesses extra borrowing options. PwC will inform its clients about MarketInvoice’s financing services and the online firm will refer its clients to the PwC My Financepartner team – accountants who specialise in helping early- to mid-stage firms. MarketInvoice provides an [...]
Margaret Hodge grills PwC staff over Luxembourg deals: “I think what you are doing is selling tax avoidance on an industrial scale” December 8, 2014 Accountants and business advisors PricewaterhouseCoopers (PwC) came under fire from MPs yesterday during a parliamentary hearing. The hearing followed the leak of hundreds of Luxembourg tax rulings at the beginning of November. “I think what you are doing is selling tax avoidance on an industrial scale,” Labour MP Margaret Hodge said to PwC’s head of tax [...]
City Moves for 9 June 2015 | Who’s switching jobs June 8, 2015 Deloitte Jonathan Gray has been appointed partner in the business advisory firm’s London-based financial services consultancy practice. A fintech expert, he has over 20 years’ experience working across retail banking, wealth management, credit cards and insurance. Tilney Bestinvest The investment and financial planning group has appointed Stuart Layzell as chief financial officer. He began his [...]
PwC’s Falafel City man celebrates his chain’s first year this Saturday January 15, 2015 Tomorrow is a most auspicious of occasions for one former PwC bean counter. Having spent five years working in the professional services giant, Mitan Sachdev left to start his own restaurant, Falafel City, with his wife, opening on 17 January 2013. So a year on, how does he feel? “There’s still a long way to [...]
HSBC cleans up at Standard Chartered Great City Race despite Tube strike grumbles July 9, 2015 Bankers braved the heat in Old Street yesterday competing in the annual Standard Chartered Great City Race, raising funds for sight charity Seeing is Believing. Just under 5,000 runners from 350 City firms took part in the 5km run around the Square Mile. Not content with winning at Wednesday’s Corporate Challenge with JP Morgan, HSBC’s [...]