Philip Hammond joins European finance ministers to call for a rethink of Trump’s proposed US tax reform December 11, 2017 Chancellor Philip Hammond has joined with his counterparts across Europe to urge US Secretary of the Treasury Steven Mnuchin to rethink a proposed tax reform. In a letter addressed to Mnuchin, seen by City A.M., the finance ministers of the UK, Germany, France, Italy and Spain warned that the tax reform promised by President Donald [...]
Business group warns on UK’s digital skills gap December 11, 2017 The Federation of Small Businesses (FSB) has called on the government to tackle the digital skills shortage in smaller firms or risk stalling productivity. It claimed that more than a quarter of business owners in England lack confidence in their basic digital skills while 22 per cent believe a lack of basic digital skills among [...]
Property Legal Q&A: What can I do if I suspect my landlord is overcharging me for repairs and maintenance? December 8, 2017 We are five leaseholders in a block of flats and we have recently discovered the landlord has been charging more than 100 per cent of the outgoings for repairs and maintaining the building. What can we do about this? The general rule is a landlord should not recover more or less of the costs [...]
Could fintech be opening the door to more financial crime? December 8, 2017 | City Talk Fintech startups aim to disrupt current practices and to do it fast. The emerging business model requires product managers find a buyer need, put out a minimum viable product, and iterate change in response to customer use. However, all this innovation—especially with entrepreneurs who have more tech savvy than experience in financial services—opens opportunities [...]
Coca Cola HBC appoints Zoran Bogdanovic as new CEO following death of Dimitris Lois December 7, 2017 FTSE 100 bottling firm Coca-Cola HBC has appointed Zoran Bogdanovic as chief executive. He replaces Dimitris Lois, who passed away in October. Shares in the company nudged up slightly in early trading, reaching 2,342p. Bogdanovic is currently a region director for the firm, which is one of the largest bottling companies for Coca-Cola in the [...]
The new Concorde? Japan Airlines has invested $10m in Richard Branson’s supersonic jet startup December 5, 2017 Boom Supersonic, the jet startup which is working with Richard Branson to build a Concorde-style passenger plane, has received a $10m (£7.5m) boost from Japan Airlines. The two companies unveiled a strategic partnership today, with the Japanese company saying it had pre-ordered 20 jets, dubbed the "mini Concorde". Last year Branson teamed up with the [...]
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 [...]