Britain’s challenger banks had a bumper 2015 – but now they’re facing the challenges of scale May 4, 2016 Amid the misery and bad news associated with UK banks since the crisis, one of the positive rays of light has been the challenger banks. They have grown quickly, with several listing last year as the sector continues to attract both customer and investor interest. The challengers have also long been feted by politicians as [...]
The apprenticeship levy could be a disaster May 4, 2016 Manufacturers have a strong track record and a vested interest in providing quality apprenticeships in the UK. Which is why it’s worth listening when they say that there are serious flaws in the Government’s new apprenticeship levy that could derail the scheme when it is rolled-out. In its current state the levy will be detrimental [...]
You being bored at work is probably the least of your employer’s worries May 3, 2016 Let’s be honest – if you’re reading this it’s probably because you’re bored at work. Don’t worry, you’re not alone. Take a moment, however, to consider the plight of the Frenchman whose own crushing workplace ennui has led to him taking his former employer to court. We all get bored at work. We all manage to [...]
Shining a light on pay disparity can be the harbinger of change May 3, 2016 With his recent £70m pay check, Sir Martin Sorrell has cast himself once again as either pantomime villain or Hero of New Capitalism. Whichever side you take, WPP’s employees and the wider world now know his salary, which colours the extent to which we agree with his L’Oréal worthy proclamation: “I’m worth it”. Changes for the good in pay [...]
Just what has the EU got against e-cigs? May 3, 2016 The e-cig is one of the great success stories of our time. For decades, public health officials have worried about the effects of tobacco smoking, and market-driven innovation has ridden to the rescue. What a triumph the e-cig, or vaping, could prove to be. Public Health England concluded last year that these little devices are 95 [...]
Investors win as activism invades the boardroom May 3, 2016 Activist investors have become a fixture in capital markets over the last several years, causing many to raise questions about the long-term value of a style of investing that puts a premium on short-term gains. It’s a phenomenon S&P Global Market Intelligence has studied closely to better understand the relationship between activist investing and corporate [...]
The problem with Ukraine and Iraq isn’t Putin and Islamic State: It’s that both countries are basket cases May 3, 2016 “The gods help them that help themselves.” – Aesop When it comes to the seemingly intractable crises in both Ukraine and Iraq, a comforting, if wholly untrue, narrative has taken hold. The chaos that has laid low these two plucky, overmatched, but deserving states is entirely the fault of the world’s two most obvious Bond [...]
Forget Brexit: The real drivers of corporate decision-making lie way beyond Britain’s borders May 3, 2016 There has, understandably, been a great deal of attention paid to the EU referendum debate, both in the UK and in many other economies with an interest in sterling. But while the referendum is certainly a highly significant constitutional event, and one which warrants the attention it has been receiving, it is just one of [...]
Failure to tackle the scourge of rising rents will undermine London’s startup renaissance May 3, 2016 Wikipedia founder Jimmy Wales once said that “in the US, Washington is politics, LA is Hollywood, San Francisco is tech, New York is advertising and finance, but London is all of those things.” If anything, he is selling our city short; throw in the culture of the city that shaped creative geniuses such as Charles [...]
As London goes to the polls this week, which mayoral candidate would be better for business? May 3, 2016 Karren Brady, businesswoman and Conservative peer, says Zac. The next mayor has to be able to work with this government, above all to deliver the infrastructure to cope with a growing population. It’s a scandal, for example, that Bank station – probably the most important tube station in the financial world – gets closed once a [...]