How doing nothing can increase your investment returns March 6, 2018 “It never was my thinking that made the big money for me. It always was my sitting…. My sitting tight!” – attributed to Jesse Livermore in Reminiscences of a Stock Operator (1923) by Edwin Lefèvre. There are plenty of worries in the world to scare investors at present. Can economies stand increasing US interest rates? [...]
City Moves for 5 December 2016 | Who’s switching jobs December 5, 2016 Markel International Markel International, the specialist insurer, has appointed Naomi Murray as senior claims adjuster in its trade credit and political risk team. Naomi is a highly experienced claims handler having spent nearly 20 years in the role. She has worked for Coface, Amlin, RPC Loss Adjusting and for the last 11 years as a [...]
Jacob Rees-Mogg’s protest encounter makes him an unlikely trend-setter October 6, 2017 Whisper it, but Jacob Rees-Mogg might be onto something. The notoriously fusty Tory backbencher may be as trendy as a Victorian granddad, but after an encounter with a protester at a conference event, he may have set an example for politicians and business leaders everywhere. The Tory backbencher was interrupted during a fringe event at [...]
The ‘big tech’ backlash: How sustainable is the success of Google, Facebook and Amazon? February 22, 2018 In recent months it has felt like the tide is turning against big tech. Google has been fined for market abuse in the EU. Silicon Valley heads have been hauled in front of the US Senate and the UK Parliament to answer for the abuse of their platforms by extremists and Russian saboteurs. The repeal of [...]
Lloyd’s of London cyber risk report: 97 per cent of UK businesses have experienced a data breach in the last five years September 19, 2016 UK firms have fared worse than companies in other major European economies on the cyber security front in recent years. According to new data from Lloyd's of London, 97 per cent of UK firms have experienced a data breach in the last five years, against an average of 92 per cent of firms across Europe. Firms [...]
Next global downturn will be ‘onerous’, warns Standard Life economist July 26, 2017 Although the previous financial crisis may still be fresh in many people’s minds, it may be time to start looking to the next, according to a report from Standard Life Investments. The asset manager studied business cycles across the world to understand better where economies are in their lifecycle, with a view to spotting recessions [...]
It’s confirmed: BMW’s all-electric Mini is being built at the Cowley plant in the UK July 25, 2017 A fully-electric version of the Mini is to be built at BMW’s plant at Cowley, near Oxford, the car firm has announced. The decision marks a boost for the future of the Cowley plant, after question marks arose over where BMW would choose to make the new model, with ongoing Brexit uncertainty. Mini makes around [...]
Working with my wife: A match made in heaven? March 6, 2017 Any entrepreneur will tell you that choosing the right business partner is an essential part of launching any new venture – but is it a good idea to blend the personal and professional and make that partner your spouse? This year, I decided to step down from my role as the chief executive of a [...]
Barclays to install ex-boss of B&Q-owner Kingfisher Sir Ian Cheshire as chair of its UK operations February 26, 2017 Barclays is set to announce Sir Ian Cheshire as chair of its UK ringfenced operations tomorrow. Under the ringfencing rules, banks have until 2019 to split their retail units away from their investment divisions. Sky News, which first reported the news of Cheshire's impending appointment, revealed the Prudential Regulation Authority, the banking sector watchdog, has now [...]
Exclusive interview: Theresa May says she’ll defend the City as she warns EU that nowhere else can do what it does June 1, 2017 Theresa May’s brand of conservatism doesn’t include a natural affection for global financial institutions. In almost every sense, she’s more Maidenhead than Moorgate. And yet surprisingly, she has a stronger connection to the City than any Prime Minister since John Major, having spent 20 years in and around the Square Mile first with the Bank [...]