Meet captain Penn, boss of the Baltic Exchange March 10, 2014 With the City sailing through choppy waters, the Baltic Exchange’s boss tells Julian Harris how the shipping industry can lead the way LIBOR-FIDDLING, insider trading, insurance mis-selling, bailout-grabbing… it hasn’t been the best of times for the City’s reputation, of late. Meanwhile, throughout the world, packs of regulators and politicians continue to circle around the [...]
Intellectual property company Tekcapital seeking £6m listing March 10, 2014 TEKCAPITAL, the Oxford-based firm that lets its clients invest in university-developed research and intellectual property, this morning announced its intention to list on London’s Alternative Investment Market (Aim) with an initial valuation of £6m. The firm is hoping to raise £3m from the listing to increase its client base, currently seven firms use its services [...]
Why robots are finally breaking into business – but sadly not our kitchens March 10, 2014 ROBOTICS is now the fastest growing industry in the world, according to a recent report from Littler Mendelson, and could well become one of the largest within a matter of decades. Yet for all the hype, and fears of autonomous machines replacing human jobs, this is a comparatively recent development. The fields of robotics and [...]
Want to find a man who does housework? Head to Slovenia March 5, 2014 Whatever happened to the phenomenon of the New Man? Aren’t we all supposed to be equality-espousing, washing-up-doing, emotionally-sensitive fashion-followers by now? Apparently not, according to new figures published today from 29 OECD countries across the world. Men do significantly less housework, less shopping, and spend less time caring for family members than women. And shock [...]
Britain is in debt to a new generation of foreign entrepreneurs | City A.M. March 5, 2014 IMMIGRANTS are good for jobs. Yes, you’ve read that right: even though much of the public believes that migrants depress the labour market, the truth is that foreign entrepreneurs are actually responsible for a great number of British jobs. Without these migrants, there would actually be fewer opportunities for locals and far fewer start-ups – [...]
Immigrant entrepreneurs found one in every seven companies March 5, 2014 ONE IN every seven UK firms was set up by a migrant to the country, according to research released yesterday, showing the contribution of entrepreneurs from abroad. A report from the Centre for Entrepreneurs and DueDil, a financial technology firm, suggests that these firms have created 14 per cent of jobs in the UK. “Immigration [...]
How Isa millionaires make it in five steps March 5, 2014 By starting early with regular contributions and not shying away from risks, many more could reach a million No one knows exactly how many Isa millionaires there are – Brewin Dolphin says it has just 15 such clients, investors with at least £1m shielded from the taxman in the Isa wrapper. But the stockbroker’s research [...]
Exclusive: German Grand Prix could vanish from F1 calendar, says Ecclestone March 5, 2014 FORMULA One boss Bernie Ecclestone has warned that the future of the German Grand Prix is in doubt after he failed with a $50m (£30m) bid for the historic Nurburgring. The track, which alternates with Hockenheim as the race’s venue, has been up for sale since May after a $370m redevelopment, including mall, hotel and [...]
How Isa millionaires make it in five steps March 4, 2014 By starting early with regular contributions and not shying away from risks, many more could reach a million No one knows exactly how many Isa millionaires there are – Brewin Dolphin says it has just 15 such clients, investors with at least £1m shielded from the taxman in the Isa wrapper. But the stockbroker’s research [...]
How to take Aim with growth market stocks March 4, 2014 SHARES listed on the Alternative Investment Market (Aim) have surged in popularity since August last year, when they became eligible for inclusion in Isas. And from the date the new rules were introduced until mid-February, the FTSE Aim market has outperformed the FTSE All Share, returning 18.9 per cent compared to just 2.1 per cent. [...]