The City is looking to India for future partners September 16, 2019 As people back home enjoy what we hope is an Indian summer, I am heading to the subcontinent this week for a five-day visit to Delhi, Hyderabad and Mumbai – just as monsoon season draws to a close. The political weather in the UK may be stormy, but when the dust settles, one thing is [...]
We are at the big data frontier – we’re going to need some rules April 23, 2019 We create data all the time, even if we don’t realise it. Whether from social media use, video-watching habits, satellite images, traffic flows, or location data from smart devices, companies are increasingly able to use this information to extrapolate trends and capitalise on behaviour patterns. This has driven change across many industries, but it’s of [...]
Chief executive turnover in decline as more firms hire from within July 11, 2019 The turnover rate among chief executives is in decline as blue-chip firms increasingly turn to internal candidates for the top jobs. New figures published today revealed the turnover rate for FTSE 100 chief executives over the past year was just 10 per cent, down from 14 per cent in the previous 12 months. Read more: [...]
Ignore Labour, Britain needs billionaires to feel welcome November 26, 2019 Labour wants to get rid of billionaires. If that sounds hyperbolic, just listen to how the party’s heavyweights talk about billionaires, in their own words. “No one needs or deserves to have that much money,” shadow chancellor John McDonnell has declared. “It is obscene.” Meanwhile, Jeremy Corbyn, who hopes to become our Prime Minister next [...]
City Moves for 19 August – Who’s switching jobs at 11:FS, Severfield and Sedgwick? August 19, 2019 Today’s City Moves includes 11:FS, Severfield and Sedgwick. 11:FS 11:FS, the challenger firm that builds digitally-native financial services through technology, product and design expertise, has announced that Michael Curds has joined the firm as head of talent. He brings a wealth of experience in scaling digtally-native business, having most recently led the talent team at [...]
The taxman cometh: 6 tips to help you complete self-assessment tax return January 29, 2020 This Friday marks the end of a process that many have found divisive, emotionally draining, expensive, and time-consuming. No, I’m not talking about Brexit. Friday 31 January is the deadline for completing your self-assessment tax return — the bane of existence for freelancers, the self-employed, and anyone who earns extra income outside their basic salary. [...]
The top tech predictions for 2020 January 6, 2020 Welcome to 2020. After a week or more of festive cheer and turkey-induced fatigue, it’s time to get back to work. But don’t despair. The year — and decade — ahead is set to be an exciting one, especially in the world of technology. To find out what changes may lie ahead, City A.M. asked [...]
KPMG stung with £5m fine for Co-op Bank audit failures as breakup talks roll on May 8, 2019 KPMG has been hit with a £5m fine for misconduct relating to an audit of Co-op Bank. Audit partner Andrew Walker was also fined £125,000, with both “severely reprimanded” by the Financial Reporting Council (FRC). Read more: Watchdog slaps KPMG with £6m fine over insurance audit The Big Four audit giant and Walker admitted their [...]
FCA tries to take consumers back to the nineties ahead of PPI deadline July 29, 2019 The animatronic head of Arnold Schwarzenegger and the eight-time world memory champion have been enlisted by the Financial Conduct Authority (FCA) to help consumers remember if they were mis-sold Payment Protection Insurance (PPI). With a month to go before the deadline for making PPI complaints to providers, the FCA has launched a campaign that aims [...]
Fed set to cut interest rates for first time in 10 years July 28, 2019 The US Federal Reserve is poised to cut interest rates for the first time in a decade when it meets this week in a preemptive effort to stave off the effects of trade tensions. Read more: US economic growth falls short of Trump’s target Market players think it is certain that the Fed will cut [...]