Shares in recruitment firm Page Group drop amid macroeconomic uncertainty despite record profits January 14, 2019 Recruitment firm Page Group saw its shares fall by seven per cent today after it said in its annual results statement that Brexit uncertainty has affected the job market. The FTSE 250 recruiter said that while it had increased its number of fee-earning staff by 561 in the first three quarters of 2018, this slowed [...]
Are Britain’s banks close-minded to Open Banking? January 14, 2019 Lauded as the start of a new revolution in banking, Open Banking was expected to take the financial world by storm when it was introduced almost a year ago to the day. The set of new rules require that the big banks allow their customers to share their own transaction data with third parties. Specifically designed to open [...]
Pret A Manger and Krispy Creme owner Jab Holdings’ chairman Bart Becht announced retirement January 14, 2019 Bart Becht has resigned as chairman of Jab Holdings, which owns businesses including Keurig Dr Pepper and Pret A Manger. The company, which also owns the Douwe Egberts coffee brand and Krispy Kreme Doughnuts, will continue to be run by chief executive Olivier Goudet and senior partner Peter Harf, who will be joined by three new [...]
Investcorp teams up with Coller Capital for $1bn private equity buyout fund January 14, 2019 Investcorp has teamed up with Coller Capital to create a $1bn (£778m) European private equity buyout fund. London-based Coller Capital will use its current fund, Coller International Partners VII, to underwrite the new investment vehicle which will invest in European mid-market companies. Read more: 3i sells debt business as part of strategic focus away from [...]
Hermes Investment Management steps up Dublin presence in no-deal Brexit contingency planning January 14, 2019 Hermes Investment Management has stepped up its presence in Ireland to mitigate against the risks posed by Brexit, the company announced today. The City-headquartered firm has set up an Irish management company, saying its mitigation activities have been based on the presumption of a “hard Brexit” without any transitional arrangements. Read more: 60 per cent [...]
Top 10 CEOs: Amazon’s Jeff Bezos tops index of chief executives, but who else makes the list? January 14, 2019 Amazon founder Jeff Bezos today took the top spot in a new index that rates bosses on the star power they bring to their companies. Billionaire Bezos, who has run Amazon for the past 25 years, has come first in a ranking out today that measures the brand value the world’s most rich-and-famous chief executives [...]
How the FTSE 100 returned 94 per cent without moving January 14, 2019 | City Talk On New Year’s Eve 1999, the FTSE 100 closed at a then-record high of 6930. Few could have envisaged then that, 19 years on, the index would be lower. It stood at 6845 as at 14 December 2018. A negative return for investors over that long a period can be concerning, but it doesn’t tell [...]
As competition heats up, meet the energy company taking on the Big Six by cutting consumption January 14, 2019 You know the drill: energy companies lure you in with a cheap introductory rate, and once it expires, you’ve either got to repeat the hassle of shopping around for a new deal, or you’re automatically moved onto the provider’s expensive default tariff – otherwise known as the standard variable rate (SVR). This isn’t a glitch [...]
For heaven’s sake, just pay your interns January 14, 2019 It is 2019, and workplace inclusion, diversity, and equality remain key conversation topics for leading businesses. But many young people are still being put at an unfair disadvantage by the extensive number of unpaid internships that still exist. A recent survey from the Sutton Trust found that one in four graduates has completed an unpaid [...]
Let Jeff Bezos be a lesson: Have a plan for if your marriage ends January 14, 2019 Amazon chief Jeff Bezos and his wife MacKenzie have announced that their marriage is ending, likely leading to the largest divorce settlement in history. Though the couple has asserted that their separation will be amicable, the divorce proceedings could still be complex, highlighting the risks to entrepreneurs when marriages end. The law in Washington State, [...]
