Facebook opens new London office and creates 800 new UK tech jobs December 4, 2017 Facebook has this morning cut the red ribbon of its new London office, home to the tech giant’s biggest engineering hub outside the US. Located in Rathbone Place, Facebook has said its new building will be home to 800 new jobs – meaning the total number of staff working for Facebook in the UK will [...]
How can job candidates position themselves in a complex financial market? December 4, 2017 | City Talk Given a more complex market and the changing demands of employers, job candidates face a significant challenge in presenting their skills and credentials in a way that will be persuasive for hiring firms. Today, it is not enough to have mastery of one subject area, such as accounting, finance, business, or technology. Employers are [...]
Challenger accountant CogitalGroup announces first acquisition for Blick Rothenberg December 1, 2017 Blick Rothenberg, the accountancy firm owned by CogitalGroup, has today made it first acquisition as its parent pursues plans to challenge the Big Four accountants. Shelley Stock Hutter, based in Marylebone, has been scooped up by Blick Rothenberg to strengthen its presence in the “owner-managed business” sector. With a team of more than 60 people, [...]
World’s largest interdealer broker TP Icap grabs rival Coex Partners November 30, 2017 Brokerage giant TP Icap, which was formed just last year in a £1.28bn deal, has hoovered up smaller Marylebone-based rival Coex Partners. TP Icap has paid an initial £7.1m for the firm, although this could rise over the next two years if performance conditions are met. In the first set of results since Tullett Prebon [...]
A stroke of genius: How to get a loan by securing against art November 30, 2017 The world was stunned earlier this month when a 500-year-old Leonardo da Vinci painting smashed the world record by fetching $450m at auction. This figure might sound absurd, but understanding the multitude of factors that determine the value of art will remain a mystery to many of us. “Art is very personal,” says Freya [...]
Avoiding the financial perils of divorce November 29, 2017 If your marriage has broken down, the emotional strain can take its toll. But splitting your finances can make the divorce process a lot tougher. Last year, the number of divorces among opposite sex couples increased by 5.8 per cent compared to 2015, according to figures from the Office for National Statistics. But worryingly, [...]
A US recession is imminent, and Germany may suffer the most November 29, 2017 | City Talk “We have to wait for Germany to make its move,” George Friedman declared at the 2017 CFA Institute European Investment Conference. Friedman, the founder and chair of Geopolitical Futures, has a history of being right when others are wrong and being predictive when others are reactive. He has spent his career navigating the convergence [...]
London’s house price to salary ratio has hit a record high November 28, 2017 The house price to salary ratio has hit a record high in London, piling even more pressure on the capital's strained property market. The average house price in London reached £496,000 in October, and average earnings were £34,200, representing house price ratio of 14.5 times Londoners' salaries. The ratios were also steep in Cambridge and [...]
UK’s second listed law firm Gordon Dadds doubles profit in first results since IPO November 28, 2017 Gordon Dadds, which became the second law firm to list on London’s public markets in August, has more than doubled its profit in the last year as it revealed its first results since the stock market float. The Aim-listed firm saw its revenue increase by 14.5 per cent to £12.89m, as adjusted profit before tax [...]
Staying afloat: What the string of shelved IPOs means for investors November 28, 2017 It takes a brave business leader to list their company on a public stock exchange, and while the success of an IPO is largely based on the firm’s underlying fundamentals, it’s also a delicate act of timing. This month, we’ve seen a string of British companies shelve their plans to float, including the likes of [...]