Samsung accused of bribing South Korea’s president March 6, 2017 South Korean conglomerate Samsung has been accused by the state prosecutor of bribing President Park Geun-hye $37.19m (£30.34m) for her support on Samsung’s corporate activities including a merger and a public listing. According to the state’s special prosecutor, Park Young-soo, a 70-day probe has found that the president is responsible for several counts of illegality, including [...]
Brexit challenger Gina Miller’s firm condemns active fund management industry for having “no genuine price competition” March 6, 2017 Brexit challenger Gina Miller has condemned the active fund management industry for having “no genuine price competition”. SCM Direct, an investment management group co-founded by Miller, today released research showing 70 per cent of actively managed equity funds charge an identical annual management charge (AMC) of 0.75 per cent. Read more: Two ways investors can [...]
Which stock market sectors will benefit as inflation heats up? March 6, 2017 | City Talk We wrote last year about our expectation that inflation would soon start to re-emerge in Europe, and that banks were likely to be among the chief beneficiaries. This scenario has indeed come to pass, perhaps even more quickly than we had anticipated. With signs of inflation becoming ever more apparent, which other sectors should investors [...]
Fintech funding trends in 2017 March 6, 2017 An Innovate Finance report recently suggested that venture capital investments into the UK FinTech sector have dropped by a third over the past year, potentially making way for a new type of investor in town. FinTech has typically attracted the most investment and limelight compared to other areas of digital innovation. Yet the funding landscape [...]
British Land is offering enhanced shared parental pay after rejigging its shared parental leave policy March 6, 2017 Real estate giant British Land has announced it is upping shared parental leave (SPL) for employees, providing parents with equal benefits in terms of pay following the birth, or adoption, of a child. British Land said the approach will allow more parents to enjoy the benefits of SPL, as it goes "above and beyond" statutory requirements. [...]
Absolute rubbish: Waste entrepreneur Bruce Bratley on building his recyling empire March 6, 2017 Did you know that it takes 10 days to recycle a cardboard box, and for it to become a new cardboard box? When the material is too old to re-use in the same guise, it’ll become an egg box. Another recycling factoid: coffee grounds are recycled all over London and turned into biofuel. It’s easy [...]
Ogilvy & Mather UK’s Annette King and Emma De La Fosse: “We’re not ‘women in power’ – we’re just the right people for the job” March 6, 2017 "It turns out there are a lot of women who just have a problem with women in power,” quipped Kellyanne Conway, de facto mouthpiece of the new White House in a recent interview. While they sip tomato juice and black coffee, I present the notion of “women in power” to Annette King and Emma De [...]
Working with my wife: A match made in heaven? March 6, 2017 Any entrepreneur will tell you that choosing the right business partner is an essential part of launching any new venture – but is it a good idea to blend the personal and professional and make that partner your spouse? This year, I decided to step down from my role as the chief executive of a [...]
Brexit, Isis and attracting entrepreneurs: Just some of the challenges faced by mid-market private equity firm Livingbridge March 6, 2017 Private equity firm Livingbridge will likely be tied to its former name, Isis Equity Partners, for some time to come. In 2014, shortly before turning 20 years old, Isis chose to change its name in light of the rising prominence of its namesake terrorist organisation. “It was kind of fine [prior to 2014],” says Wol [...]
City Moves for 6 March 2017 – who’s switching jobs? March 6, 2017 Today's City Moves cover alternative investments, PR and payment processing. Take a look at these movers and shakers: Global Alternatives Global Alternatives, an owner-operator of marketplaces for alternative investments, has appointed Brendan Bradley as non-executive chairman as it prepares to launch Prop-X, a cross-border property trading exchange. Brendan was previously chief innovation officer and a [...]
