City Moves for 18 July 2016 | Who’s switching jobs July 18, 2016 Ogilvy & Mather London Ogilvy & Mather (O&M) London has promoted Sam Cartmell to the position of deputy executive creative director. In this newly created role, Sam will report to O&M London’s new chief creative officer Mick Mahoney. He will support Mick in the day-to-day running of O&M London’s creative department. Sam will also join [...]
Mobile working, flexible working, cloud-based working … is any of it actually working? April 29, 2016 Technology’s influence over the business world has caused an undeniable shift in the way modern professionals conducts their working lives. Cloud-based servers and remote desktop software has meant that employees can work efficiently from pretty much anywhere. So, many ask, can the physical office survive in the digital age? Perhaps unsurprisingly, I believe the office [...]
McPhail escalates pensions transfer campaign May 26, 2016 Hargreaves Lansdown has stepped up its campaign for a seven-day switching programme, with a letter to business secretary Sajid Javid and city minister Harriet Baldwin. In the letter, seen by City A.M., Hargreaves Lansdown's head of retirement policy Tom McPhail calls upon the government to mandate a maximum of seven days to transfer a customer's [...]
Will Theresa May’s “hostile environment” become our “hostile nation”? July 13, 2016 At the moment, an hour is a long time in politics, but all being well Theresa May will be our next Prime Minister by this evening. As pundits speculate on what will define her premiership, most assume it will be the priority to invoke Article 50 and initiate the Brexit process. But it would be [...]
Housebuilders outside of London are unfazed by prospect of a Brexit despite warnings over industry slowdown April 18, 2016 HOUSEBUILDERS across the UK are unconcerned about the effects of a British exit from the European Union, but in London there are fears that it could worsen the capital’s housing crisis. Just 31 per cent of British housebuilders said they are worried about a so-called Brexit, compared to 49 per cent who are not worried, [...]
Mipim: Former England football captain Rio Ferdinand and housing minister Brandon Lewis team up to build thousands of affordable homes through new charity Legacy March 17, 2016 Property and football joined teams in Cannes today as former England captain Rio Ferdinand and housing minister Brandon Lewis launched a new scheme to build create thousands of affordable homes across the country. The ex-Manchester defender and fellow football stars Mark Noble and Bobby Zamora have clubbed together to set up Legacy, a charity designed [...]
Investment Association to shake up UK Equity Income sector after too many funds given the boot yield requirements April 18, 2016 The Investment Association (IA) is to reconsider one of the more problematic requirements of its UK Equity Income sector after too many funds were found to be failing to meet the mark. The IA is running a consultation into its yield rules, which currently require funds to achieve an average yield of no less than 10 per cent above the FTSE [...]
What’s holding back The Leap 100? August 9, 2016 The Leap 100 are bullish about the future. “Nothing can stop us,” says one founder, echoing the optimism of fellow members. Nearly a quarter are targeting revenues of £100m and above in the next three years, with two thirds aiming to hit between £10m and £50m. An impressive 47 per cent say that they expect [...]
How financial services Goliaths can survive the threat of fintech Davids May 11, 2016 Fintech disrupters versus traditional financial services incumbents. To some, this supposed rivalry resembles that of the battle where the smaller and more agile David slays the large and mighty Goliath. But is this necessarily the fate that lies ahead for the big banks? It’s easy to understand how this rivalry has been built up, with fintech [...]
“We were the first ever agents to sell a building through Twitter” – Meet the social media moguls dragging commercial property sales into the 21st century April 29, 2016 While residential estate agents have been dragged into the internet age, their commercial counterparts have – mostly – continued to resist such a move. There’s no Rightmove for office blocks, or warehouses. And it was this inherent conservatism that seemed to offer a great opportunity when three young surveyors decided to set up shop in [...]