How to have a healthy relationship when working with family March 14, 2019 It is often said that people should avoid going into business with a loved one, but according to the Institute For Family Business, two thirds of UK businesses are family owned. That's a whopping 4.8m companies in total. And we're not just talking about immediate family members or spouses either, because some entrepreneurs even choose to go into [...]
Experts urge government to emphasise low-wage sectors in industrial strategy March 14, 2019 | City Talk The United Kingdom’s national productivity – which has remained relatively stagnant for almost a decade – could be substantially improved with increased government focus on productivity in low-wage sectors. This is the central tenet of a chapter, co-authored by Cass Business School academic John Forth, in the e-book What we really mean when we talk [...]
Ray Kelvin held Ted Baker too tight March 14, 2019 Yet another big-name chief executive has stepped down from their position at the helm of a well-known British business. The founder of fashion retail brand Ted Baker, Ray Kelvin, announced last Monday that he was going to be resigning from his position as chief executive, as the firm investigates allegations that he behaved inappropriately toward [...]
Money laundering is a dirty business that we need to clean up together March 14, 2019 Flag it up, clean it up, flush it out, whatever the call to action, anti-money laundering (AML) legislation is worthy of laser focus. It also requires hyper-vigilance from the accountancy profession. Last week, parliament’s Treasury select committee warned that the UK’s current efforts to counter money laundering are “fragmented”, and that its supervision requires greater [...]
Enrolling with the times: How the workplace pension hike could affect you March 13, 2019 Since the government began phasing in auto-enrolment almost seven years ago, 10m people have now joined their workplace pension scheme. By encouraging Brits of all ages to save for retirement, the auto-enrolment system was designed to stop the UK from hurtling head-first into a pensions crisis. So far, it’s been a success. Even more people are [...]
Karren Brady and a lesson on the duties of directors March 13, 2019 Several months after Sir Philip Green became embroiled in a highly publicised scandal, Karren Brady resigned as chair of his retail empire. Despite allegations of harassment and discrimination made by staff against Green, Brady initially intended to remain with Taveta Investments, the holding company of Green’s Arcadia Group. She cited her duty to employees as [...]
Investing in firms that ‘do good’: too good to be true? March 12, 2019 | City Talk BlackRock is aggressively launching products with high environmental, social, and governance (ESG) ratings. The New York City-headquartered global investment management corporation’s CEO, Larry Fink, recently predicted that assets under management in the ESG category will grow from the current $25bn to $400bn in 2028. Investing in good corporates is intuitively appealing: who doesn’t want to [...]
The secret to being more likeable on first dates and job interviews revealed March 12, 2019 | City Talk People who need to make a good impression on dates or in job interviews should concentrate on communicating the hard work and effort behind their success, rather than just emphasising their talent, new research from Cass Business School has found. In Impression (Mis) Management When Communicating Success, published in Basic and Applied Social Psychology, Dr [...]
Kylie Jenner is the world’s youngest self-made billionaire. Don’t let success like that suck away your ambition March 11, 2019 Like it or hate it, Kylie Jenner has become the world’s youngest self-made billionaire. However, at just 21, some are already wondering whether she’s reached the peak of her career. From Macaulay Culkin to Lindsay Lohan, early fame and privilege can mean a quick end to a successful career. Could it be that getting everything [...]
Anabel Kingsley on taking on her late father’s celeb-loved hair business March 11, 2019 When I arrive at the address, I have to double-check that I’m at the right place. The Philip Kingsley clinic in Mayfair is pretty inconspicuous – from the outside, it’s just an ordinary Victorian terraced house. But this is part of its charm, and probably ideal for the privacy of the clinic’s celebrity customers. The [...]