City Moves for 9 May 2016 | Who’s switching jobs May 9, 2016 Parker Fitzgerald Parker Fitzgerald (PFG), the specialist management consultancy, has appointed Patrick Gormley (pictured) to its executive board. Patrick will lead the firm’s global digital practice, which focuses on transforming the risk management and regulatory compliance functions of financial institutions through digital innovation, robotics, artificial intelligence and new technologies such as blockchain. Patrick joins PFG [...]
Apple launches $12bn bond deal to fund share buybacks February 16, 2016 Apple has announced plans to return to sell debt across up to 10 tranches of corporate bonds, worth between $10bn (£7bn) and $12bn. The tech giant’s multi-billion dollar bond deal, which includes bonds with both fixed and floating interest rates, will help fund its share buyback scheme. The company said the proceeds will be used “for [...]
Management consultancies could keep women in sector with innovative and flexible ways of working April 28, 2016 Management consultancies have a "huge opportunity" to attract back women who have left the industry, but must fully embrace more innovative and flexible ways of working, according to a new study. A huge pool of talent is being lost in the consulting sector, as women who leave have on average eight years worth of experience, [...]
IBM revenue falls for the 12th consecutive quarter April 20, 2015 The figures IBM reported a drop in quarterly revenue for the 12th consecutive quarter as the company continues to trim unprofitable businesses and refocus on cloud-computing initiatives. Total revenue fell to $19.6bn (£13.15bn) from $22.2bn a year earlier, as the company battled against poor performance in growth markets and a stronger dollar. Revenues from growth [...]
Get out your glad-rags: City heavyweights have been shortlisted for the British LGBT Awards 2016 February 18, 2016 It's been called the "Gay Oscars" by loyal fans; the shortlist for this year's British LGBT Awards is now public, and London's financial firms are forerunners for a few gongs. Shattering perceptions of stuffy conservatism, business leaders and global corporations including Barclays, Citi and Goldman Sachs have been shortlisted for accolades ahead of the big night at London's Grand [...]
Warren Buffett’s Berkshire Hathaway heading for worst year relative to rest of the US stock market since 2009 December 30, 2015 The Oracle of Omaha is set for his worst investment year since 2009. Shares in revered investment guru Warren Buffett's Berkshire Hathaway are down 11 per cent, in the same year Buffett celebrates his golden anniversary running the company. Berkshire Hathaway has suffered as a number of investments were hit by falling oil and gas prices. While the company doesn't [...]
“How would you get an elephant in a fridge?”: These are the 10 toughest questions asked at job interviews – including questions from Topshop, Network Rail and EY March 29, 2016 Job interviews are galling at the best of times – but imagine being asked how to squeeze an elephant into a fridge, or how many people named Gary were born in 2013. That's what candidates at, respectively, Gemalto and BT were faced with, according to jobs marketplace Glassdoor, which has put together the 10 toughest [...]
City Moves for 4 April 2016 | Who’s switching jobs April 4, 2016 Bryan Cave International law firm Bryan Cave has announced that Remy Blain has become managing partner of the firm’s Paris office. An M&A and private equity specialist, Remy is recognised by Chambers & Partners and other league tables in the areas of mid-cap mergers and acquisitions, private equity and distribution. His past experience includes senior [...]
A family affair: How Ben and Ollie Black built their childcare empire June 6, 2016 Two minutes with the Black brothers and Laurel and Hardy come up. “You know, ‘another fine mess you’ve got me into’,” says Oliver Black, describing how he initially conceived of working with his brother. “I spent Christmas trying to convince Ollie that I knew about buying a company,” says Ben Black. The pair bought failing childcare [...]
These are the most valuable brands in the world: Apple, Google, Microsft and IBM dominate in BrandZ 2015 ranking as tech triumphs May 27, 2015 Apple has overtaken Google as the most valuable brand in the world, reassuming the top spot in an annual ranking in which technology dominates. The value of the Apple brand grew 67 per cent, with an estimated worth of more than $245bn. The stellar performance of Apple over the past year pushed Google into second [...]