City Moves for 14 December 2016 | Who’s switching jobs December 14, 2016 Edmond de Rothschild Group Edmond de Rothschild Group, the wealth and investment manager, has appointed Vincent Taupin to assume global responsibility for Edmond de Rothschild Asset Management with effect from 1 January 2017, alongside his existing role as president du directoire of Edmond de Rothschild France. This follows Roderick Munsters’ decision to resign from his role [...]
The hell of being middle-aged: The financial pressures of children and ageing parents mean that 45 to 54 year-olds are more likely than any other group to be saving nothing for retirement December 14, 2016 New research has found that an overlooked "sandwich" generation is saving surprisingly little for retirement Young people between the ages of 25 and 34 are often singled out as being the most hard done by in the UK today. Rates of home ownership within this group have fallen dramatically since the early nineties, leading many [...]
Navigating the challenges of a management buyout December 13, 2016 A management buyout (MBO) can be a fantastic opportunity, but it’s not for the fainthearted. The process can be gruelling, as the MBO team will need to juggle their job and home life while dealing with investors, lawyers, accountants, corporate finance advisers and, of course, the owners of the business. No two MBOs are the [...]
ZappiStore’s Stephen Phillips explains how he got through his first VC raise December 13, 2016 Stephen Phillips may have worked in market research for most of his career, but now he’s swimming against the tide. “Market research is full of smart people who care about understanding human behaviour, but profit margins are slim and processes are very intensive.” At a recent Leap 100 roundtable, Phillips explained how his firm ZappiStore [...]
More pressure on Fox-Sky deal as pensions lobby group wades in December 13, 2016 Rupert Murdoch’s proposed Sky takeover came under further scrutiny today as a pensions lobby group stressed the need for an appropriate premium to be paid for the business. Murdoch’s 21st Century Fox is expected to make a firm £10.75-per-share cash bid for the 61 per cent of Sky it does not already own before the end [...]
Authorities claim victory for pension savers but underline there’s still room for improvement December 13, 2016 Over a million Britons' retirement savings have been boosted by slashed pension charges, authorities revealed today. The Financial Conduct Authority (FCA) and department for work and pensions (DWP) hailed the news as "significant progress" but still felt there was more work to be done in reducing costs levied on retirement savings. Read more: This business sector is [...]
Two charts for those already suggesting the value bounce is finished December 13, 2016 | City Talk When you sign up to be a value investor, you soon learn you have not chosen the easiest path to tread. Even so, here on The Value Perspective, we still find ourselves occasionally astonished at the way the wider market can seem so willing to write off the discipline’s prospects. Take the recent resurgence [...]
Ex-Barclays boss Antony Jenkins is joining bitcoin wallet startup Blockchain December 13, 2016 The former boss of Barclays, Antony Jenkins, is getting deeper into the world of fintech, joining the board of the largest bitcoin wallet startup in the world, Blockchain. “Blockchain technology has the potential to reinvent the way we use money and contribute to a finance system that’s high quality, low cost, secure, fair and transparent,” said [...]
Two charts for those already suggesting the value bounce is finished December 13, 2016 | City Talk When you sign up to be a value investor, you soon learn you have not chosen the easiest path to tread. Even so, here on The Value Perspective, we still find ourselves occasionally astonished at the way the wider market can seem so willing to write off the discipline’s prospects. Take the recent resurgence in [...]
What Brexit? UK hiring is about to increase to its highest in three years December 13, 2016 Hiring in the UK private sector is set to grow eight per cent in the coming quarter, bringing it to its highest rate in three years despite lingering Brexit fears. The expectation of more jobs in financial services, utilities and construction has resulted in a positive outlook for employment in the new year, according to a [...]
