Revolut’s information security chief has left the firm after just two months in the job November 6, 2019 Revolut’s chief information security officer (CISO) Dinis Cruz has quit less than two months after he joined the firm. Cruz announced last week that he will leave the challenger bank this month, in a move described as being “by mutual agreement”. Read more: Martin Gilbert to step down from Stand Life and join Revolut He said [...]
What happens to high yield bonds in times of market stress? November 6, 2019 | City Talk The current macroeconomic backdrop is creating challenges for investors. Global growth is slower and inflation is benign. Meanwhile, central banks appear to be returning to more accommodative policies and geopolitical tensions have increased. Downturns in the business cycle, often caused by adverse economic conditions, can lead to a number of trends that are negative for [...]
Gocardless and Transferwise join forces for global recurring payments service November 6, 2019 Fintech firms Gocardless and Transferwise have teamed up to create a service to help businesses collect recurring international payments. Read more: UK fintech Gocardless to launch in the US Gocardless said it has created “the first global network for bank debit”, and will use Transferwise’s business product to provide the transfer company’s foreign exchange rates [...]
Not all engineers wear hard hats and high-vis jackets November 6, 2019 What do prosthetic limbs, cosmetics, clean water, YouTube, and biodegradable plastic alternatives have in common? None of them would exist without engineers – but that would likely come as a surprise to most people. Unfortunately, we suffer from narrow and outdated stereotypes of what engineers do and the role they play in society. And this [...]
DEBATE: Was MacDonald’s right to sack its chief executive for a consensual relationship with an employee? November 6, 2019 Was MacDonald’s right to sack its chief executive for a consensual relationship with an employee? Martin Townsend, a partner at communications consultancy Pagefield, says YES. “You can’t help who you fall in love with” is one of the great romantic clichés. Unfortunately, if you are the £12.3m-per-year boss of McDonald’s, this is not an excuse [...]
Is the concept of the ethical CEO too good to be true? November 6, 2019 “A fish rots from the head down.” It’s a worn cliché, perhaps, but one that resonates strongly in a world where increasing scrutiny is being placed on those at the helm of global companies. Investors, customers, governments, and even chief executives themselves, are finally starting to take real action based on the idea that unethical [...]
Investors urge FTSE 350 firms to link executive pay to performance November 5, 2019 Listed companies must make a clearer link between pay and performance and justify executive remuneration levels to avoid shareholder dissent, the Investment Association (IA) has said. The IA has written to all FTSE 350 firms outlining the standards it expects their remuneration policies to meet ahead of the 2020 annual general meeting (AGM) season, when [...]
Boardrooms are snoozing on the UK’s sleep crisis November 5, 2019 Britain’s productivity has long been the bane of the economy. Latest figures from the Office for National Statistics show that UK output has declined year-on-year since 2014 and lags behind the rest of Europe. Clearly, there’s no silver-bullet solution to turning the tide – it will take a mix of tried-and-tested measures, like application of [...]
Saudi Aramco IPO: The pros and cons November 5, 2019 Saudi Aramco is the mother of all oil companies, and the most profitable business in the world. Last year, its net income stood at $111bn, dwarfing the earnings of other oil giants. So the announcement on Sunday that the state-owned Saudi Arabian company will finally go public is massive news for investors, and marks the [...]
No time to say goodbye? Four-fifths of entrepreneurs stay involved after selling their firms November 5, 2019 Entrepreneurs never really let go of their businesses – not even when they have sold them on. New research from private bankers Arbuthnot Latham has found that 83 per cent of entrepreneurs remain connected to their firms in some way after selling, most often as advisors or non-executive directors. Read more: Start-ups are seeking more [...]
