Revealed: What Apple boss Tim Cook told staff after Trump’s election win November 10, 2016 Donald Trump's surprise win in the Presidential race has shocked liberal Silicon Valley and now Apple chief executive Tim Cook has written to staff to reassure them about the outcome. Cook celebrated diversity, as well as the differing political views among its 76,000 employees in the US, according to a memo obtained by Buzzfeed. The boss [...]
A tale of two retail sectors: Shares in fashion retailers fall as supermarkets jump September 15, 2016 It was the best of times, it was the worst of times in the retail sector today, as shares in retailers led both the risers and the fallers in the FTSE 100. Firmly in the spring of hope was the supermarket sector, where Morrisons led the risers, with shares jumping 7.13 per cent to 207.4p in [...]
Kingsfisher is looking for a new London headquarters September 19, 2016 Kingfisher is looking for a new London headquarters, it has emerged, which is set to boost the commercial property market after the difficulties facing the sector following the Brexit vote. According to the Telegraph, the retailer behind B&Q and Screwfix is looking for a HQ of 300,000 square feet, and has appointed Cushman & Wakefield to find the [...]
Is £2bn enough to fix the housing market? October 11, 2016 Last week the government announced plans for a £2bn accelerated construction fund that will be used to guarantee housing schemes, including deals to purchase homes that do not sell. The guarantee, which will be achieved by the Homes and Communities Agency (HCA) directly selling any ‘government purchased homes’ on the market, to the private rented [...]
Bingo: Stride Gaming has full house after £70m takeover of Tarco Assets and 8ball August 31, 2016 Stride Gaming has become the fourth largest bingo operator in the UK market after completing the £70.2m acquisition of two smaller gaming groups. The Aim-listed group has a full house after the takeover of Tarco Assets and Netboost Media, and 8ball Games Limited, which was first announced in late July. The move has increased Stride's market [...]
UK tech is outraged about Rudd’s immigration crackdown October 5, 2016 The UK's reputation as one of the leading digital economies in the world and a global tech hub could be at risk from fresh government plans to crackdown on foreign workers. The new home secretary Amber Rudd yesterday revealed plans to reduce immigration, including proposals to "tighten" the test for companies recruiting from abroad to encourage hiring of [...]
UK house prices: London Help to Buy is a thing now – but experts warn it could inflate risks (and only help high earners in the first place) February 1, 2016 Callooh callay, London's own Help to Buy scheme has launched this morning, the government's scheme to give first-time buyers a lift onto the housing ladder. The new scheme effectively doubles the help being given out previously, as the government makes loans of up to 40 per cent available for first and second-time buyers on new [...]
Frankfurt has opened its doors to Britain’s businesses following Brexit, and some firms look ready to take up the offer October 17, 2016 Germany's financial sector today revealed it has opened its doors to British bankers displaced by Brexit, and some businesses looked ready to take up the offer. The comments come as a number of key government figures are suggesting they might opt for a so-called hard Brexit, which could see London's financial centre left without access to [...]
City Moves for 30 September 2016 | Who’s switching jobs September 30, 2016 KPMG KPMG has appointed Paul Martin as UK head of retail. Paul will succeed David McCorquodale who has led KPMG’s retail practice in the UK since November 2012 and will be retiring at the end of April 2017 after 32 years with the firm. Paul is managing director of KPMG Boxwood and was formerly managing director of Planet Retail, [...]
New government tool lets people check what the gender pay gap is like in their industry December 9, 2016 This could spark some interesting chats at the water cooler… The government has created a tool for the public to check out what the gender pay gap – the average earnings between men and women – is in their own profession. Justine Greening, minister for women and equalities, unveiled the online tool created by the government and [...]