Online scams and home working April 1, 2020 Suddenly, we’re all in the same boat – focused on little apart from protecting ourselves, our loved ones, friends, incomes and businesses.Tony Neate, CEO of cybersecurity advice provider Get Safe Online, has advice for employers and individuals facing home working for the first time. For most of us, in whatever sector we work or run [...]
De La Rue appoints ‘turnaround specialist’ Clive Vacher as new CEO October 7, 2019 British banknote printer De La Rue has announced former Rolls-Royce executive and turnaround expert Clive Vacher as its new boss today. Vacher was previously in charge of Dynex Power and has a background in the engineering space, working at the likes of Rolls-Royce, General Dynamics, B/E Aerospace and Pratt and Whitney. De La Rue chairman [...]
Consumer spending bounces in January but high street woes continue February 11, 2020 Brits ramped up their spending in January after a thrifty December, according to new data, in the latest sign that the UK economy may have bounced back at the start of 2020. Consumer spending grew 3.9 per cent in January, data from payment provider Barclaycard showed today, up from the one per cent growth witnessed [...]
Bank of England deputy governor flags concerns over ‘low for long’ interest rates October 14, 2019 Economic downturns are at risk of becoming more severe as a result of prolonged low interest rates, the deputy governor of the Bank of England has warned. The current environment of ‘low for long’ interest rates will make “demand management of the economy more difficult in downturns”, according to Jon Cunliffe. The Threadneedle Street official [...]
Real estate tech company Blueground launches in London October 23, 2019 Blueground, a startup providing tech-driven flexible apartment rentals, is launching in London and has raised $50m (£39m) in a funding round. The real estate tech firm offers Airbnb-style apartment rentals aimed at business travellers, offering rental lengths of one month or longer. Read more: Exclusive: Flexible office space firm Central Working falls into administration Blueground, [...]
The financial services sector will be key as we chart a new course on the world stage February 8, 2020 The UK’s financial services sector has charted a pragmatic course since the EU Referendum, and recent figures show that it continues to flourish. Indeed, research from Innovate Finance revealed how investment in the UK’s fintech sector reached a record high of nearly $5bn in 2019, with industry growth far outstripping that of the US, China, [...]
HP plans to cut up to 9,000 jobs October 4, 2019 HP plans to cut up to 9,000 jobs as the tech giant aims to lower costs and simplify its operating model. The computer firm said that it will reduce its global headcount by around 7,000 to 9,000 employees through redundancies and early voluntary retirements. Read more: HP buys supercomputer firm Cray HP said it expects [...]
AB InBev prices revived Budweiser Asia listing at lower end of projections September 24, 2019 Budweiser owner Anheuser-Busch InBev has priced the revived listing of its Asian business at the bottom of the marketed range, far less than it had hoped to raise when it first tried to list the unit in July. AB InBev priced the revived initial public offering (IPO) on the Hong Kong Stock Exchange to raise [...]
Coronavirus: The protectionists’ siren song must go unheeded April 10, 2020 The Coronavirus pandemic is changing the way we live, the way we work, and the way we see the world. Relationships are being made and affected. Geopolitics is in a state that we’ve rarely seen before. Political views are being disregarded and changed. It’s important, however, that fundamental aspects of our economic model, such as [...]
Being in the right place to do something exciting August 18, 2020 Compliance is often called the most boring job in Banking. The common misconception is that the Compliance Officer’s role is to slam down the rule book on any lucrative ideas the Bank’s employees may have. Called the “hall-monitors” of the bank, being inherently risk-averse is deemed as a necessary characteristic to work in Compliance and [...]