Paul Maynard appointed new rail minister July 29, 2019 Paul Maynard, the MP for Blackpool North and Cleveleys, has been appointed as the new rail minister in Boris Johnson’s government. Maynard, a former government whip and junior transport minister, also served as a junior minister in the justice department from May to June this year. Read more: Boris Johnson rules out pre-Brexit general election [...]
Glassdoor reveals the UK’s top 10 best-paying graduate jobs July 29, 2019 UK graduates can earn up to £50,000 as a starting salary, according to new data from Glassdoor that reveals the top 10 highest paying entry-level jobs on offer in 2019. Perhaps unsurprisingly, investment banking tops the list of UK graduate jobs with a staggering median starting salary of £50,752 for an analyst. Read more: London [...]
Amcham urges Hong Kong to retire China extradition bill to revive business confidence July 29, 2019 The American Chamber of Commerce has issued a call for Hong Kong’s government to kill a controversial bill in order to quell protests it said are harming business confidence. Hong Kong chief executive Carrie Lam has paused a vastly unpopular China extradition bill which led to widespread protests across the city. Read more: Hong Kong [...]
Barclays and RBS among banks hit by £1bn forex rigging lawsuit July 29, 2019 Barclays and the Royal Bank of Scotland (RBS) are among five banks targeted in a £1bn class action lawsuit over forex rigging that was filed today. The action follows a May ruling by the European Commission that Barclays, RBS, JP Morgan, Citibank and UBS had violated EU competition law. The five banks have been collectively [...]
Sharing is caring: How Via Van is making a capital connection July 29, 2019 “When we told people we were going to launch a shared ride-service in New York they told us we were crazy,” says Chris Snyder, the chief executive of new kid on the block, Via Van. Six years later, and Via Van is the provider of 1.5m rides across key US cities and 60m rides globally. [...]
Vauxhall could end Ellesmere Port production if Brexit makes it unprofitable July 29, 2019 Vauxhall could end production of the Astra in Ellesmere Port in Cheshire if Brexit makes it unprofitable. The boss of French carmaker PSA, which owns the Vauxhall and Opel brands, warned that the company had picked another site in Southern Europe to build future Astras if the UK could not reach a satisfactory Brexit deal. [...]
Neil Woodford could be dumped as manager of listed fund that bears his name July 29, 2019 Under fire fund manager Neil Woodford could be dropped as manager of the listed fund that bears his name, the company said today. Woodford Patient Capital Trust (WPCT) told the stock market it had held preliminary discussions with management groups that have approached the company regarding the ongoing management of the fund. “Whilst the board [...]
City Moves for 29 July – Who’s switching jobs at Lasalle, Augusta and Knight Frank? July 28, 2019 Today’s City Moves includes Lasalle, Augusta and Knight Frank. Lasalle Global real estate investment manager Lasalle Investment Management has announced that Martin Zdravkov has joined its UK business in the newly-enhanced role of head of UK residential and impact investing, based in London. Martin will report to Philip Nell, the head of UK real return [...]
Housing crisis is harming productivity, nearly half of UK businesses warn July 28, 2019 Britain’s housing shortage is having a harmful impact on the country’s productivity, nearly one in two businesses have warned. Some 43 per cent of UK companies with over 1,000 employees said that housing issues are having a negative effect on their business’ productivity, according to new findings released by the Centre for Social Justice. Read [...]
Private equity firms eye up challenger accountancy firm Cogital July 28, 2019 Several private equity groups are reportedly preparing bids on UK-based accounting firm Cogital, in a deal that could value the company at £1bn. European firms BC Partners, Permira, and PAI are preparing final bids alongside US-based Hellman & Freidman, according to the Financial Times Cogital was set up in 2016 by former Deloitte partner John [...]