Boohoo’s share price reaches an all-time high after it upgrades forecast August 9, 2016 Online fashion retailer Boohoo's share price climbed 5.47 per cent in early morning trading, reaching an all-time high of 78.68p, after the company revised its expectations for the year upwards. The board announced its results for the current year will be "above expectations", with sales growth between 28 per cent and 33 per cent – up from an anticipated [...]
Stepping up: New business leaders should remember these eight things August 9, 2016 The rate of change in leadership we are currently seeing in the worlds of politics, business and sport is breathtaking. Theresa May, Sam Allardyce and Jan Frykhammar at Ericsson have all taken on top jobs in recent weeks, but how can they make sure they’re not left standing in this game of musical chairs? Anyone [...]
Lloyds Bank faces legal action over equal pensions for men and women August 8, 2016 A trade union at Lloyds Bank is undertaking legal action to address the pension pay gap between men and women. The case could set a precedent for other companies, potentially costing them over £13bn, the FT has reported. Read more: Lloyds Banking Group to cull a further 3,000 jobs Lloyds Trade Union has described the gap [...]
City A.M. Unregulated podcast: Property entrepreneur Rob Moore on the joys of being disruptive August 8, 2016 Uber's Travis Kalanick has done it. Amazon's Jeff Bezos did it two decades ago. Tesla's Elon Musk does it on a regular basis. This week property entrepreneur Rob Moore, host of the Disruptive Entrepreneur podcast, takes on the topic of disruption. He tells us the story of his failure and subsequent success – and why despite everything, [...]
Lex Deak talks mums on Facebook, setting up a hotel in Marrakech, Dragons’ Den and bitcoin August 8, 2016 I never really considered working for someone else. At 12, I was buying electronics in bulk and selling them at school and via Loot.” This was the start of a fascination with business for serial entrepreneur Lex Deak. Most recently, the 33 year-old launched OFF3R, an aggregator for alternative finance deals. The year before that – [...]
Fintech founders choose their favourite business books August 8, 2016 Stuck for what to read this summer and want to use the time improving your business acumen? City A.M. has asked five of London’s leading fintech founders what they’d recommend. Hiroki Takeuchi, co-founder of GoCardless, the online direct debit provider Five dysfunctions of teams, by Patrick Lencioni I love books that introduce me to [...]
Meetings in the mud: Can you work from a festival? August 5, 2016 Do you like to listen to music while you work? Listening to Spotify in the office is one thing, but what about answering emails at a festival? As more and more businesses embrace the agile, flexible working culture, more employees are free to work from their location of choice. But is it really acceptable to [...]
How to cure “always on” staff burnout? Take a leaf out of nineteenth-century Cadbury’s book August 4, 2016 The modern workforce has become accustomed to putting in long hours. Created by years of employment uncertainty, born out of the 2008 financial crisis, and fuelled recently by the great unknown of a looming Brexit, “presenteeism” has become a mainstay of the British employee. Research last week by Concur shows that, thanks to the rise of [...]
What does your gender pay gap say about your business? August 3, 2016 Despite a tumultuous time in recent weeks dominated by the EU referendum, the gender pay gap is still very much on employers' minds. It's an issue that companies can't continue to ignore – and not just because of growing public scrutiny. Employees will increasingly look at published gender pay gap data to reveal a company's [...]
Seven ways that pressure can help you at work: You just need to harness it August 3, 2016 Pressure is a constant in our lives. The pressure to hit a deadline, deliver a speech, secure a promotion – they are all challenges we need to meet. Like a footballer taking a penalty or a golfer making a putt, how we respond to pressure defines us at work, and is often what takes us beyond [...]