City Moves for 21 January 2014 | Who’s switching jobs January 20, 2014 PwC The professional services firm has hired Daniel Windhaus as a partner in its working capital team. He has over 15 years’ industry experience. Windaus formerly held roles at REL Consultancy and Alvarez & Marsal. Lambert Smith Hampton The commercial property consultancy has recruited Jonathan King as head of corporate advisory. King was most recently at [...]
Reactions to the chancellor’s statement March 19, 2014 THINK TANK’S TAKE Director at the Adam Smith InstituteEamonn Butler The libertarian think tank applauded the freedom granted to pensioners. “At last Britain's private pension savers will be treated like responsible adults. As lifetimes have lengthened and financial uncertainty has abounded, annuity rates have fallen, leaving savers much worse off then they expected. The rule [...]
Final call for City Mo-venturers November 28, 2013 THE TIME has come, chaps. With just one day remaining before December descends, The Capitalist is issuing a final call for you to perfect your furry upper lips and send us your best Movember efforts. As a reward for your month of extra grooming – as well as enduring sideways looks in the street – we’re giving [...]
What the other papers say this morning – 16 January 2014 January 15, 2014 FINANCIAL TIMES Payday lenders to create database After repeatedly saying that it was impossible to create a database for payday loans the UK’s largest payday lenders are clubbing together to set one up. Wonga, Quick Quid, Mr Lender and ThinkFinance have all signed up to provide information to a real time credit-reporting system run by [...]
What the other papers say this morning – 21 February 2014 February 20, 2014 FINANCIAL TIMES Business Wire halts high speed traders Business Wire, which has published corporate news releases in the US for the last half century, will stop selling direct feeds to high-speed traders, amid concerns that the practice gives the firms an unfair advantage over other investors. Warren Buffett, whose conglomerate Berkshire Hathaway owns Business Wire, [...]
The law firm leaders joining the global dots January 26, 2014 Baker & McKenzie’s jet-setting duo tell Elizabeth Fournier how they stay ahead FOR A law firm that is less than 70 years old, Baker & McKenzie has an impressive global footprint. From humble beginnings at the hands of co-founders Russell Baker and John McKenzie in Chicago in 1949, the firm now employs more than 4,000 [...]
New car sales hit post-crisis high January 7, 2014 BRITONS bought 2,264,737 new cars last year, the highest sales rate since 2007 and better than industry forecasts. Showrooms shifted 10.8 per cent more new vehicles than they did in 2012, with analysts pointing to windfalls from PPI compensation, attractive finance packages and a hunt for more fuel-efficient cars as the main drivers of growth. [...]
Rise of alternative finance could put business bankers’ incumbency at risk December 15, 2013 DISRUPTION is capitalism’s great party trick. The history of business is full of seemingly insignificant upstarts who cottoned on to a new technology or idea, and used it to embarrass, and then destroy, proud incumbents. It’s a lesson that makers of mainframe computers, record labels, and bookshops have all learnt to their cost. But consumers [...]
The small state game changer: We can transform Britain forever in four stages February 18, 2014 HOW DO you fashion a small state when there’s a huge deficit and a majority of the political and media class howl at the mere suggestion of less public spending? The chancellor’s answer is to slowly reduce public spending towards 40 per cent of GDP, and his Budget next month is unlikely to deviate from [...]
In Britain, recessions mean more babies. In the US, births fall February 25, 2014 ATTITUDES to having babies can tell us a lot about a country. In the UK, the recession went hand-in-hand with a baby-boom – and yet in the US it was accompanied by a collapse in the birth rate. In both cases, the trend is now going into reverse, mirroring the recoveries in economic fortunes: in [...]