Two-thirds of workers feel unsupported by managers over mental health issues as the City ramps up its efforts to improve | City A.M. May 8, 2017 More than 150 City firms spanning banks, professional services companies and law firms, are teaming up to try and change how mental health in the workplace is dealt with. Thousands of staff in the City of London, and across the UK, will wear green ribbons as part of a campaign, inspired by PwC’s Green Light [...]
Sunday Times Rich List 2017: Who topped the under-30 list, and who lost money this year? May 7, 2017 Singer Adele joined the Sunday Times Rich List of 1,000 richest people for the first time, and was the highest-ranking musician on the young rich list with a £125m fortune. Other musical millionaires on the under-30 list included Ed Sheeran, with £52m, and the boys from One Direction, who ranked higher than their former bandmate [...]
The Financial Conduct Authority just spent £70,000 on a new logo, including hiring a Saatchi & Saatchi agency May 7, 2017 The industry-funded Financial Conduct Authority has spent almost £70,000 on a refresh of its brand, including a brand new logo designed by Saatchi & Saatchi, City A.M. can reveal. The FCA recruited B2B specialists Saatchi & Saatchi Pro ahead of its planned move from Canary Wharf to the edge of the Queen Elizabeth Olympic Park [...]
Six things we learned from Warren Buffett after Berkshire Hathaway’s annual meeting: From AI and driverless cars to what happens if the sage of Omaha dies May 7, 2017 The sage of Omaha Warren Buffett took to the stage at the Berkshire Hathaway annual general meeting along with right hand man Charlie Munger. And the ever straight talking star investor did exactly that, discussing how he missed out on some of the biggest tech bets in recent years and what happens when he’s no [...]
Sunday Times Rich List 2017: The wealth of Britain’s billionaires has boomed despite Brexit, but Mike Ashley, Sir Philip Green and Selfridges owning Weston family lose millions May 7, 2017 The wealth of Britain’s richest has rocketed with more billionaires than ever before, new figures reveal. Brexit failed to derail the rise of the super-rich and the collective cash of the world’s wealthiest topped a whopping £658bn – that’s up 14 per cent on last year. There are now 14 more billionaires in Britain than [...]
Here’s just how much the value of a fiver has fallen in the past 60 years May 5, 2017 With the deadline for using up old paper £5 notes looming, new research shows just how the value of a fiver has changed since the modern blue note was introduced in 1957. The value of a £5 note has fallen by 96 per cent over the last 60 years, according to research from Lloyds Private [...]
Schroders Global Cities 30 index: Seattle’s boom is about far more than Amazon May 5, 2017 | City Talk The Schroders Global Cities Index ranks the fastest growing urban economies in the world, focusing on the potential for property investment. Read more on the Global Cities Blog. On this post, we examine Seattle’s success and its future prospects . Why Seattle? Sitting at no.25 in the Global Cities Index, we rate Seattle as a [...]
The fall in small business investment via the Enterprise Investment Scheme matters to us all May 5, 2017 Is investor appetite for the Enterprise Investment Scheme (EIS) waning? It would appear so, from recent news that there has been a sharp drop in the funding small businesses raised through EIS last year. Though the total figure is still high at £1.6bn, it is down by 12 per cent from £1.9bn the year before, [...]
Pearson share price jumps as it reveals new cost-cutting measures ahead of its AGM today May 5, 2017 Publisher Pearson has revealed new cost-cutting measures in a trading update ahead of its annual general meeting (AGM) today, sending its shares up 15 per cent. The education company, which has struggled amid a downturn in key markets, said it will reduce its cost base by £300m a year by the end of 2019. It [...]
How to make Brexit the insurance industry’s next big opportunity May 5, 2017 Singapore, Qatar, Dubai and Bermuda. Forget worrying about British-based businesses moving to EU capitals – these are the jurisdictions with which we must compete if our vital insurance industry is to thrive. Over the next two years, there is a risk that so much energy will be expended on Brexit negotiations that we will neglect [...]