City Moves for 7 August 2015 | Who’s switching jobs August 6, 2015 Brooks Macdonald The wealth management group has appointed Andrew Shepherd as its deputy chief executive. He is currently executive director at the group and joint managing director of Brooks Macdonald Asset Management, which he joined in 2002. IG Group David Horsley has been appointed head of finance at the online trading company. He joins from [...]
City A.M. shadow MPC votes 6-3 in favour of holding interest rates at current level November 5, 2015 City economists who enjoy poring over Bank of England data (we know who you are) will think Christmas has come early today, as Threadneedle Street publishes its latest interest rates decision, minutes from the meeting, and its quarterly inflation report. Dubbed “Super Thursday”, the hat-trick of releases should give a stronger indication of how the [...]
Female cyclist hospitalised after being knocked off bike at Southwark Street June 29, 2015 A female cyclist has been hospitalised after yet another collision with a lorry in central London. The accident took place on Southwark Street near to Blackfriars Bridge just before 10am this morning. A spokeswoman for the London Ambulance Service said there was one ambulance and a cycle paramedic on the scene. Police are also [...]
TaxPayers’ Alliance: Travel taxes hitting businesses and holiday makers June 22, 2015 Britain's businesses and holiday makers are being hit by a growing tax bill. New research from the campaign group the TaxPayers' Alliance (TPA) found that holiday makers are paying £900m more than when it conducted the survey in 2008. However, TPA chief executive Jonathan Isaby notes that the rising taxes also hit Britain's [...]
Quindell suspended from Aim as FCA begins investigation August 5, 2015 Quindell has requested temporary suspension from Aim, and is being investigated by the FCA, after admitting some of its practices were “at the aggressive end of acceptable”. The Financial Conduct Authority confirmed it had begun an investigation into public statements made regarding Quindell’s financial accounts during 2013 and 2014. The City watchdog would be [...]
Financial workers feel under pressure to compromise ethical standards July 24, 2015 A third of those in the finance sector feel under pressure from their employers to compromise their ethics, a report by the Chartered Institute of Management Accountants (Cima) has suggested. That's quite a rise on last year's 18 per cent. Of those who felt under pressure to compromise, 20 per cent said the most pressure [...]
The top 10 most popular cars in June July 6, 2015 The Society of Motor Manufacturers and Traders (SMMT) today announced record performance in car registrations in the UK. The figures showed that new car registrations grew by seven per cent in the first half of 2015, which is the highest six month total on record. Mike Hawes, chief executive of SMMT said: It is still [...]
Britain’s ageing population could boost economic growth – if we adapt June 25, 2015 The UK and other western economies face the prospect of an ageing population. As the post-war baby boomers grow older, and people live longer, the number of over-65s in the UK is expected to nearly double by 2050. This is often seen as a problem for society, leading to higher health care and social costs, [...]
Summer budget 2015: What to watch out for July 7, 2015 WHO: GEORGE OSBORNE WHEN: 12.30PM TODAY WHERE: HOUSE OF COMMONS WHAT WE ALREADY KNOW Extended Sunday shop hours The chancellor will unveil plans to devolve powers to mayors or councils to decide for themselves what the rule over trading hours should be in their areas, paving the way for shops and supermarkets to stay open later on [...]
UK immigration: Businesses including Asda, Lloyds Banking Group, Rolls-Royce, Siemens warn Tories over migration curbs August 14, 2015 Britain’s biggest businesses have warned the government against tightening rules for employing foreign workers, saying that new restrictions could increase costs, jeopardise graduate schemes and encourage firms to move their operations overseas. Asda, Lloyds Banking Group, Rolls-Royce, Siemens and others made their case in formal submissions to the Migration Advisory Committee (MAC), a group of [...]