What the other papers say this morning – 08 April 2014 April 7, 2014 FINANCIAL TIMES EU bank failures deal risks unravelling A landmark EU agreement on a common rulebook for handling bank failures is in danger of unravelling over the fine print restricting when a state can intervene to rescue a struggling bank. Britain is facing objections from several other member states as it scrambles to revise a [...]
The rules of successfully asking for a pay rise August 1, 2014 Ok. You want a raise. Who doesn’t? But you are different. Obviously. You deserve it. Your friends and family have told you that you do for all the hours and effort you have been putting in. And the salary you happily accepted when you took the job just doesn’t stretch as far as it did. [...]
Paddy Power’s chief to stand down next year May 13, 2014 BOOKMAKER Paddy Power kicked off a search for a new chief executive yesterday after announcing that veteran boss Patrick Kennedy would step down in 2015 following nearly ten years in the role. “I have always had a personal view that after 10 years at the helm, change is good, both for the business and the [...]
Austerity is working – but we must continue to challenge its diehard critics | City A.M. May 15, 2014 THE “BACKFIRE effect” is a term coined by the US political scientist Brendan Nyhan to describe how a person’s deeply-held convictions may actually get stronger when presented with contradictory evidence. In one recent study, Nyhan and his colleagues presented a group with information confirming the safety of vaccines. Faced with the facts, those who already [...]
Austerity is working – but we must continue to challenge its diehard critics May 15, 2014 THE “BACKFIRE effect” is a term coined by the US political scientist Brendan Nyhan to describe how a person’s deeply-held convictions may actually get stronger when presented with contradictory evidence. In one recent study, Nyhan and his colleagues presented a group with information confirming the safety of vaccines. Faced with the facts, those who already [...]
City Moves for 25 March 2014 | Who’s switching jobs March 24, 2014 Barclays Business UK The bank has appointed Judith Gage as head of real estate for its business division. She joined the retail team in 1986, and was appointed manager in the business team in 1996. Charles Stanley The investment management firm has hired Simon Davis as a director of wealth management in its financial services [...]
Poor service in shops is costing retailers £5.4bn April 14, 2014 RETAILERS are losing out on £5.4bn of sales because of bad service in shops and not catering to the needs of ever more demanding consumers, according to a new report by Australian shopping centre giant Westfield. The retailer’s 30-page analysis released today identifies eight trends dictating UK’s changing shopping habits, including how technology and the [...]
Watchdog boss accepts blame for insurance mess March 31, 2014 CITY watchdog chief exec Martin Wheatley yesterday said he accepts responsibility for the sloppy announcement of a new insurance investigation last week. The Financial Conduct Authority is looking into the fees and charges faced by savers with insurance policies dating back to the 1970s. And when this was inadvertently released through a newspaper on Friday, [...]
What the other papers say this morning – 23 May 2014 May 22, 2014 FINANCIAL TIMES Corrupt companies face higher fines British companies that bribe foreign officials to win contracts, commit fraud, or launder money, face fines of up to 400 per cent of their illicit profits, under new penalty guidelines. In the most serious cases companies will pay fines comparable with those meted out in the US, where [...]
Why it’s nimble SMEs that are best-positioned to capitalise on the huge benefits of big data May 28, 2014 BIG CORPORATIONS are best placed to exploit big data, right? They have the resources, and can afford to focus effort on the science of data, and turn that into business advantage. Maybe. But the way the technology environment is moving, maybe not. It’s now been the case for a while that, with a credit card, [...]