EU referendum: Boris Johnson says taxpayers will be hit with £2.4bn bill if UK votes to Remain as David Cameron speaks with former foes June 6, 2016 Former Mayor of London Boris Johnson has said the UK faces a "triple whammy of woe" if it remains in the EU, while stating Leave has won the "democratic argument". That will include facing a £20bn blackhole in EU finances, an extra £2.4bn bill from Brussels and liability for future eurozone bailouts. However, Remain's Chuka Umunna said the [...]
More people want to work at Goldman Sachs than live in these six countries June 6, 2016 If you thought the market for jobs at top institutions was tough, take a moment to consider the prospects of any young student with hopes and dreams of working at Goldman Sachs. New figures reveal that an astonishing quarter of a million students have applied to the top investment bank for a position. And that's just this year [...]
US Presidential Election 2016: Donald Trump says “it’s possible” Muslim judges would be biased against him June 6, 2016 Presumptive Republican presidential candidate Donald Trump isn't convinced he'd get a fair trial from a Muslim judge. After last week having said that a judge's Mexican background should bar him from a lawsuit against him, Trump raised concerns that a Muslim judge wouldn't be able to stay neutral in a case against him. Last week [...]
Bookies are betting on 2016 being the hottest summer on record June 6, 2016 Sunglasses at the ready: the UK could be about to experience its hottest summer ever, bookies reckon. Ladbrokes oddsmakers put the chances of the UK setting a new temperature high before the end of this month at 1/4, The Sun reported. Meanwhile, it's 6/4 that this summer will be the hottest on record. The news [...]
Easyjet blames French strikes and bad weather for flight cancellations in May June 6, 2016 Budget airline Easyjet said French strikes and poor weather conditions were the main factors behind flight cancellations in May. The company reported a 5.7 per cent increase in earned seats flown – this is the number of seats that were flown during the month, regardless of whether or not the passenger turns up. Easyjet flew [...]
Weak overseas demand hits German manufacturers June 6, 2016 Germany's manufacturing industry took a surprise hit in April as factory orders fell, denting hopes of another quarter of impressive economic growth. New orders with German manufacturers fell two per cent between March and April, according to statistics released this morning, as weaker overseas demand could knock the German economy in the second quarter. Domestic orders grew [...]
Investment firm LetterOne headed up by Russian billionaire Mikhail Fridman launches health business in US June 6, 2016 LetterOne, the investment vehicle owned by Russian tycoon Mikhail Fridman, has launched L1 Health in the US and appointed Diageo chairman Dr Franz Humer to the firm's advisory board. L1 Health will target up to $3bn (£2.1bn) of investments in the global healthcare sector over the next three years "with the goal of making sizeable equity investments in businesses [...]
Politics, like business, needs long-term ideas June 6, 2016 As Prime Minister of Luxembourg, Jean-Claude Junker remarked: “We all know what to do, we just don't know how to get re-elected after we've done it.” Today, Junker no longer has to worry about relying on an electorate for his position, having acquired the role of top dog at the European Commission. However, his past observation remains [...]
Picking up the Slack: CMO Bill Macaitis on why word-of-mouth is central to the unicorn’s success June 6, 2016 "We're selling organisational transformation," says Bill Macaitis, chief marketing officer of Slack – Silicon Valley darling and contender for the fastest growing B2B software-as-a-service company in history. Slack is more than a workplace messenger. It is a communication and collaboration tool which facilitates meetings, provides access to shared documents, and breaks down silos between apps by integrating Twitter, [...]
City Moves for 6 June 2016 | Who’s switching jobs June 6, 2016 Deloitte Deloitte has announced Matt Ellis as new managing partner for tax in the UK and Switzerland. He takes over from Andy Hodge who led the practice for the past five years and is retiring from the firm. Matt has held a variety of positions in Deloitte, including in regional offices in Southampton and Reading as well as London. Most [...]