Sit down, Sir Rod. Here are 14 tech entrepreneurs recognised in the Queen’s honours list June 11, 2016 Sit down, Sir Rod – you weren’t the only one to be recognised in the Queen’s 90th birthday honours today. Some 12.8 per cent of the 1,149 who made this year’s honours list were categorised as being from industry and economy. While the founders of BrewDog may have captured a lot of the attention, technology [...]
Why crowdfunders need to focus on finding the best deal for investors rather than offering the highest valuation for companies seeking finance June 10, 2016 In Britain, small to medium-sized enterprises (SMEs) account for 99.9 per cent of the nation’s private sector businesses, employing 15.6m people and boasting a combined annual turnover of £1.8 trillion. Worryingly, however, despite their importance to the British economy, more than half of these SMEs will fail within the first five years of establishment, with insufficient capital [...]
Don’t bank on an Uber moment… yet June 10, 2016 It’s an interesting time to be working with most of the world’s largest banks. If economic instability, skills gaps and a tsunami of regulation weren’t enough, they now face stern warnings from respected ex-colleagues about the future of the industry. Step forward Anthony Jenkins, the ex-Barclays banker who reiterated last week that banks are facing their ‘Uber moment’. That’s [...]
Why hay fever is not to be sneezed at by employers June 10, 2016 Hay fever: A big cause of runny noses, red eyes and, according to new research, lack of work being done at the office. The survey by the Met Office discovered that hay fever costs UK employers 29m days worth of lost work per year, with employees who suffer from severe hay fever needing an average of 8.4 [...]
How does your pay compare to a fund manager’s? Here are the average earnings for the UK’s hedge fund and asset managers June 10, 2016 With potentially millions under management, you can see why fund managers are well-compensated – but how does your pay compare? New research from salary benchmarking site Emolument.com suggests hedge fund employees are at the top of the industry, pay-wise – consistently earning more than portfolio managers working for traditional asset management firms. Indeed, at director [...]
How best to impress a robot recruiter: The CV writing tips you need to know June 10, 2016 Disintermediation has changed the recruitment industry forever. Tech has led the reconfiguration of the sector and significantly reduced the need for intermediaries, traditionally provided by recruitment and executive search firms. Companies have made huge savings to their hiring budgets, and data use and talent analytics are ever growing in a bid to drive further efficiency. However, [...]
Is fintech the new black? Lower trust in disruptors gives banks reason to cheer June 10, 2016 Digital innovation – and more specifically the impact of fintech – is currently the most intensely debated topic in the financial services sector. Two years ago hardly anyone outside the industry had heard of fintech. Now it’s the hottest investment class globally for VCs. PwC recently produced a report claiming that over 20 per cent [...]
Pension freedoms haven’t inspired people to shop around for better deals, as charity slams proposed exit charge cap for being too high June 10, 2016 Critics of the pensions freedoms worried it would lead to pensioners going on shopping sprees for Lamborghinis. However, research out today suggests they should have been more concerned about them not shopping around for the best pensions deal. The study by Citizens Advice discovered that seven out of ten people who have dipped into their pensions pot since [...]
The startup impetus: Why it pays to launch your business while still studying June 9, 2016 Increasing numbers of executive MBA (EMBA) students are becoming entrepreneurs. The FT’s 2015 EMBA survey showed that 26 per cent of graduates started their own firm either during their course or after graduating. Doing an EMBA at a leading business school will set you or your employer back around £70,000 and, “if you’re going to pull [...]
At the close: FTSE falls as miners give up gains June 9, 2016 The FTSE 100 lost ground today as miners slumped. A fall in the oil price, as well as disappointing numbers out of China, meant the blue-chip index snapped its four-day winning streak. The FTSE finished at 6,231.89, down by 1.1 per cent. The FTSE 100 had risen in its previous four sessions. US stocks also dragged as investors worried [...]
