Working overseas? Make your salary go further July 21, 2014 Around 314,000 people emigrated from the UK in 2013, according to the latest official figures from the Office of National Statistics and nearly two thirds of people who move overseas go abroad to work. The number of people leaving the UK for work has increased in the past year, with 186,000 people emigrating for this [...]
Lights out for darker skies: First World War started with a crash August 3, 2014 For the City, the Great War began with a financial crisis. Even before Britain committed itself, Europe’s great powers ranging against one another spelled disaster: the collapse of the magnificent, peaceful edifice of international trade built between the empires. As told in Jerry White’s riveting account of London in the war, Zeppelin Nights, on Friday [...]
Test your FX experience – and win currency July 20, 2014 We’re giving City AM readers the chance to win £500, credited to their Moneycorp account, by entering our foreign exchange-themed quiz below. Email your answers to cityam@moneycorp.com by noon on Friday 22nd August for a chance to win.* 1. Which emerging market country is the UK’s largest exporting partner? a. Thailand b. China [...]
Analyst Views: Has Diageo’s results changed your outlook for this business? July 31, 2014 TREVOR STIRLING | BERNSTEIN RESEARCH Results were broadly in line with our expectations. We believe Diageo offers a balanced mixture of exposure to a resilient US spirits market and high long-term growth in emerging markets, albeit held back by structurally low growth in Western Europe. We rate Diageo “outperform”. WYN ELLIS | NUMIS Diageo, in [...]
RBS suspends traders during foreign exchange investigation October 31, 2013 ROYAL Bank of Scotland (RBS) has suspended two traders in conjunction with an investigation into the potential manipulation of foreign exchange rates. A global probe by US, UK and Swiss regulators is looking into whether banks colluded to set rates. London-based executives at three other major banks have been put on leave, according to reports. [...]
Libor accused to wait until 2016 for fraud squad’s trial to begin July 21, 2014 THE SIX bankers accused of attempting to fiddle interest rate benchmark Libor will not know their fates for at least another two years, after a court hearing yesterday. The scandal broke more than two years ago when Barclays was fined over claims its staff tried to manipulate the rate. And six of its workers have been [...]
Save money on your overseas transfers and payments July 21, 2014 More people are finding it necessary to send money overseas, whether they are buying a property abroad, paying a mortgage or service fees on a property they already own, or work internationally and need to move money cost-effectively around the world. Even if you simply buy goods from overseas, or want to send money to [...]
Accenture shrugs off tough time in consulting with other growth December 19, 2013 ACCENTURE’S first-quarter results beat analysts’ estimates yesterday as increased demand for outsourcing services helped to offset a drop in income from its consulting business. The company’s consulting business has been hit in the past few quarters as companies cut down on discretionary spending, resulting in fewer large deals. Revenue from consulting, the bigger of Accenture’s [...]
Case study: “Finding a specialist with a trusted reputation was important” July 21, 2014 The exchange experts at Moneycorp, the providers of City AM International Payments, help thousands of individuals make international money transfers every year; moving their money to where they want it at competitive exchange rates and providing guidance to navigate the currency markets' ups and downs. Though, above all else Moneycorp prides itself on offering [...]
Serious Fraud Office set to launch probe into forex trading in the UK July 20, 2014 The Serious Fraud Office (SFO) is preparing to launch a criminal investigation into manipulation of the foreign exchange market (forex) in the UK, the FT reports. The news comes following several months of intelligence gathering by the SFO, and although it would not confirm or deny the existence of the investigation, it is thought [...]