After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
London financial services jobs: Asset management roles the shining star of the industry, and workers pulling in hefty payrises for changing jobs March 10, 2016 Those finding themselves a little too excited for the weekend might be interested to know that switching jobs can bump up their salary by almost a quarter, and it's a jobseekers' market for anybody who fancies a role in asset management, according to research released today. Professional services recruiter Morgan McKinley has found that firms are [...]
Stamp duty changes and Brexit uncertainty are weighing on prime London house prices – Royal Institution of Chartered Surveyors March 10, 2016 Central London house prices stalled in February as the prices in the rest of the country and outer boroughs marched on. The difference between the number of property surveyors who said London prices had gone up minus those that had said they had gone down was three per cent. The same statistic for the UK [...]
PwC: UK economy to add another three million jobs over the next decade March 10, 2016 The sector will drive economic growth over the next decade as the UK creates another three million jobs, a financial services giant has forecast today. Business services – which includes IT, finance, legal services, recruitment and marketing – will be the main driver of growth, creating 1.5m jobs, PwC said. Manufacturing is forecast to decline [...]
Chancellor George Osborne could face £45bn budget black hole due to weaker economic growth March 9, 2016 Economists have warned weaker-than-expected economic growth will create a black hole in the public finances, forcing Chancellor George Osborne into further austerity measures in next week’s budget. Osborne was given a unexpected boost in November when the government’s fiscal watchdog, the Office for Budget Responsibility (OBR), gave him an extra £27bn over the current parliament. [...]
Bankers’ bonuses: Supreme Court sides with HMRC in appeal against UBS and Deutsche Bank, ruling out scheme designed to avoid income tax March 9, 2016 Bankers may see their bonuses sliced into, as the Supreme Court today sided with HM Revenue & Customs (HMRC), agreeing that taxes could not be avoided when using a special scheme to award employees in shares. UBS and Deutsche Bank set up schemes to pay their bankers discretionary bonuses in redeemable shares in offshore companies. The [...]
Skyscrapers planned for London rise by more than a third with 119 new tall buildings added to planning pipeline March 9, 2016 (Source: Visualhouse/Dan Lowe) The number of tall buildings planned for London's ever expanding skyline has grown by moe than a third, with more than 100 new skyscrapers added to the pipeline over the last year. There are now 436 skyscrapers either planned or under construction in the capital, up from 317 a year earlier, according to fresh research from [...]
Niesr: The economy is picking up after a sluggish end to 2015 March 9, 2016 Economic growth slowed in the three months to February, but there are some signs it is picking up again. The National Institute of Economic and Social Research (Niesr) said today it believes the economy grew 0.3 per cent between December and February. It marks a slowdown from their previous estimate for growth between November and [...]
Finance jobs of the future: As automation speeds up more routine tasks, finance chiefs need to become more strategic in their work March 9, 2016 Finance chiefs of today might not recognise their department in a few years time, as the function is set to undergo a massive change, according to a report out today. Specialist recruiter Robert Half has discovered that the finance chiefs of tomorrow will be focused more on plotting financial growth for their company, particularly as [...]
The world’s largest sovereign wealth fund had its worst year since 2011 last year, but managed to avoid negative returns March 9, 2016 The Norwegian Sovereign Wealth Fund has returned 2.7 per cent on its investments in 2015 thanks to a rally in equities late in the year. The low oil price and slowing emerging markets dragged on returns however, meaning the world’s largest sovereign wealth fund recorded its weakest performance since 2011. The oil fund, managed by [...]
UK manufacturing output rebounds in January March 9, 2016 UK manufacturing output bounced back in January, according to figures released by the Office for National Statistics this morning. The sector's output increased 0.7 per cent compared with December. Factory output suffered a sharp drop in December and contracted over the whole of 2015. Total industrial production, which includes mining and quarrying as well as manufacturing, also rebounded, rising [...]