Airbnb your house: Here’s how much Londoners could be making from the sharing economy July 13, 2016 The sharing economy is growing faster in Britain than anywhere else in Europe. As it has become more expensive to own cars, homes and even electrical equipment, more of us are seeing the advantages of monetising our idle assets. PwC estimates that transactions on platforms in the five biggest sharing economy sectors almost doubled in [...]
Three reasons why gold is the best-peforming investment this year, and prices are going to keep on rising July 13, 2016 Gold has been one of the best-performing assets this year, and the weeks since Brexit was announced have pushed the precious metal higher. Gold is now priced at $1,373 an ounce, 22 per cent or $312 higher than when 2016 began. Of all the investment funds out there, gold funds are the five best performers. [...]
Before the bell: What you need to know before the US market open July 13, 2016 US stock markets are at a record high, Opec production is at its highest level in eight years, and China's trade surplus narrowed. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing up ahead of the open, though are not looking quite as rosy as in recent sessions. The S&P [...]
Large Valeant shareholder gives up stake amid mounting losses July 13, 2016 An investor letter has revealed that one of Valeant Pharmaceuticals largest shareholders has ditched its stake in the firm over the last quarter. Mutual fund Sequoia told investors (the letter can be read here) it no longer owned any shares of Valeant, the controversial pharma firm that has grown quickly in recent years through acquisitions and drug price hikes. At [...]
First May, now this lot: HR professional body wants executive pay to be linked to culture July 13, 2016 Shortly after incoming Prime Minister Theresa May expressed her views on curbing reward at the top, the body for HR professionals is today calling for executive pay to be linked to culture. In a new report on company culture, the Chartered Institute of Personnel and Development (CIPD) has called for remuneration committees to be better empowered and [...]
Lobby group TheCityUK has just appointed a new chief exec July 13, 2016 Among all the leadership changes announced in recent weeks, here's one that really matters: City lobbying organisation TheCityUK has announced the name of its new chief executive. Miles Celic, currently director of communications at the Prudential, will become the organisation's new chief exec later this year, when current boss Chris Cummings steps down. “I am [...]
Why 2016 could be a record year for UK startups embracing the “Brexit spirit” July 13, 2016 More than 600 startups launched per day in London in the first six months of 2016, new figures show. And Startup Britain, which compiled the figures, believes the “Brexit spirit” will lead to this year being a record-breaker for new companies in the UK. Across the country as a whole, 342,927 companies were started between January [...]
City A.M. Unregulated podcast: Body language, networking, and how to be the most interesting person in the room July 13, 2016 They say a vast percentage of communication is about body language – but what does that mean when you're doing business? Hosts Emma Haslett and Zak Mir are joined by social entrepreneur Oli Barrett and author Elizabeth Kuhnke, who give their tips on body language and networking – and why you should never ask a person [...]
These are the UK’s 20 best towns and cities to work in (London doesn’t get a look-in) July 13, 2016 When Samuel Johnson made that quip about those being tired of London being tired of life, he clearly wasn't taking into account house prices – or work/life balance. Because it turns out that Cambridge is the UK's best city to work in, according to employees there. That's followed by Milton Keynes, Nottingham, Leeds and Peterborough. London, on [...]
Hands off: Why Theresa May shouldn’t try to be a micromanager July 13, 2016 As Theresa May begins her premiership today, her leadership will be tested like never before. With the nature of the UK’s relationship with the EU unknown, she will have her work cut out. Conservative colleagues have described her tendency to micromanage the Home Office, something which would be impossible to do in her new role. [...]
