Jupiter finance chief Charlotte Jones moves to insurer RSA February 26, 2019 Jupiter Fund Management chief financial officer Charlotte Jones has been poached by FTSE 100 insurance group RSA. The fund management firm said Jones’ departure to join RSA in the same role after three years was “disappointing”. Read more: Ex-Janus Henderson boss to replace Jupiter Fund Management chief executive Jones, who already sits on the RSA [...]
Female founders don’t need to be ‘bolshie’ to match the boys February 26, 2019 Earlier this month, chief secretary to the Treasury Liz Truss wrote in City A.M. concerning the lack of funding for all-female startups. As she pointed out, 90 per cent of venture capital funding goes to firms with all-male teams, compared to just one per cent for all-female teams. In her article, Truss proposed a number [...]
Karren Brady’s resignation is a warning to unscrupulous leaders like Philip Green February 26, 2019 The scandal surrounding Sir Philip Green, the retail tycoon behind high street chains such as Topshop, Miss Selfridge and the now-liquidated BHS, just keeps playing. Since last August, when the Daily Telegraph was first barred by a legal injunction from reporting allegations of misconduct against Green, fresh accusations have continued to surface, from sexual harassment to [...]
Half of women in private equity considering leaving industry, survey says February 25, 2019 Half of women working in private equity would consider leaving the industry compared to 22 per cent of men, new research into diversity in the workplace has found. When asked whether they are considering leaving their firm in the next two years, 33 per cent of women said they were, however, only 19 per cent of [...]
This time with Alan Partridge: Lessons from the great man February 25, 2019 I'm fairly certain that whatever the creators of Alan Partridge intended for him, it wasn’t to provide guidance for businesses. He has, however, become an unlikely icon, and when he eventually passes to the tiny studio in the sky, he’ll be granted a period of national re-runs. Many brands also aspire to becoming “iconic”, so [...]
Barclays rallies as shareholders promised more February 25, 2019 | City Talk In a bear trend since 2007, Barclays has won over the market with this update, at least temporarily. These numbers from Barclays (LSE:BARC) have been well received on the basis of "jam tomorrow", as the high street bank continues to suffer from litigation and conduct fines, whilst growing strongly excluding these charges. The increase to [...]
Is this popular measure of stock market value giving a misleading “sell” signal? February 25, 2019 | City Talk One of the most widely watched measures of stock market value, the cyclically-adjusted price to earnings ratio (CAPE), has been giving off a screaming “sell” signal for the US market in the past few years. Last year it rose to a level not seen in its almost 140 year history, other than during the peak [...]
Here kitty kitty: The entrepreneurs turning cat-loving into a business February 25, 2019 I have never done an interview with a cat on my lap before. Luckily, Julie Barnes and Kathrin Burckhardt, who are talking to me via Skype from London and Berlin, don’t seem to mind that she wants to get involved. In fact, their cats – or “fur-babies”, as Barnes calls them – are present too. [...]
Our people are our City, so step up and commit to the London Living Wage February 25, 2019 One in five people employed in the capital do not earn a wage that they can live on. Together, we can change this. So far, over 100 City financial and professional services companies have signed up to be London Living Wage accredited employers. But we know that more can join them. Our people are our [...]
Are Centrica shares a buy at 20-year low? February 24, 2019 | City Talk At prices not seen since 1999, a 10 per cent dividend yield appears tempting, but it's not that straightforward. Two years ago, Centrica (LSE:CNA) shares were worth over 230p. Today they dived 12 per cent to just 120p. Last time they were that low you could have bought a loaf of bread for 51p* and Shanks & [...]
