Why the businesses of the future are honing in on Cornwall June 10, 2020 Six months into a new decade, the working landscape has altered beyond recognition. Businesses around the world have adapted to remote working with a scale and ease beyond wildest expectations. “Working from home” has cast off any of the negative connotations attached to it, with workers in fields ranging from banking to surveying, media to [...]
Egypt and Morocco capital markets attract growing international recognition July 7, 2020 Heidi Raubenheimer, PhD, CFA, is head of Journal publications at CFA Institute. Experienced Board Member with a PhD focused in Business Management and Administration from University of Stellenbosch. CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key [...]
UK manufacturing orders fall for first time since aftermath of Brexit referendum and growth slows November 1, 2018 New orders and employment in the UK manufacturing sector have dropped for the first time since July 2016 in a “worrying turnaround” in October. Conditions in the sector “slowed sharply” as output growth weakened and new order inflows and employment declined for the first time since the aftermath of the EU referendum, according to the [...]
Funding the Covid-19 recovery: Seize the opportunity to build a better tax system June 2, 2020 The suspension of huge parts of the economy coupled with an unprecedented package of government support measures mean that tax revenues are falling while public spending is surging. A leaked Treasury assessment estimated a £337bn budget deficit this year, nearly seven times the forecast in March’s budget. Analysts expect the debt-to-GDP ratio to be near [...]
Dame Inga Beale: I’m not surprised by Lloyd’s of London sexual harassment claims September 30, 2019 The controversial drinking culture at Lloyd’s of London is so entrenched that a former chief executive admits she does not know how to tackle it. Dame Inga Beale, who ran the historic institution for five years, spent much time trying to tackle behavioural problems among its staff. Read more: Nearly 500 Lloyd’s of London workers [...]
First Group shares sink as losses widen after Greyhound charge November 14, 2019 First Group’s share price sank today as it fell to a £187m half-year loss as transport charges hobbled the firm while doubts weigh over the future of its West Coast Rail franchise. Read more: CMA flags competition concerns on 21 West Coast Rail franchise routes The figures The transport giant fell to a loss before [...]
Business didn’t get us into this mess, but with the right reforms it can get us out of it June 24, 2020 Back in March, City A.M. announced that it was suspending its print edition — partly due to concern about the drop-off in advertising revenue, but mostly because it seemed futile to distribute newspapers around London when workers had been told to stay at home. Recently, this paper’s editor made the welcome announcement that its print [...]
Pensions consolidator Phoenix posts jump in profit August 7, 2019 Insurance firm Phoenix has posted a surge in profit for the first half of the year after buying out more British pension schemes. The FTSE 100 company reported a pre-tax profit of £217m in the six months to the end of June, compared to a £42m loss last year. Read more: Insurer Phoenix on the [...]
Both north and south of the border, Ireland’s financial centres are the City’s historic partners February 17, 2020 As the debate around our future relationship with the European Union continues, we at the City Corporation have been focusing on building even stronger ties with our closest neighbours. Over the past two weeks, I have visited Dublin, Belfast and Derry-Londonderry to do just that. Both the Republic of Ireland and Northern Ireland have long-standing [...]
Self-driving startup FiveAI launches commuter trials on London streets October 24, 2019 British startup FiveAI has today announced the launch of commuter research trials for its self-driving car technology, alongside motor insurance giant Direct Line. As part of the Streetwise Consortium, which also includes TRL, a 19km self-driving research route featuring human passengers will be launched in Croydon and Bromley to test out the technology. The invite-only [...]