What pension freedoms have done to bankers’ pension pots June 6, 2016 Bankers may well have shunned the stereotype of splashing out on fast cars and long lunches last year in favour of topping up their pension pot, research shown exclusively to City A.M. suggests. According to the study by Aegon, 22 per cent of banking, financial management and accountancy professionals now feel like they are on track [...]
At the close: FTSE 100 bulldozes over Brexit concerns as oil and metal prices climb June 6, 2016 The FTSE 100 managed to kick off the week with a rise today, finishing up one per cent at 6,273.40 points. A jump in commodity prices managed to offset fears of Brexit that dragged down house builders. A flurry of recent polls have put the leave campaign neck-and-neck with remain as the 23 June vote draws nearer. The news [...]
People can’t resist pinching pennies with restaurant vouchers and money-off shopping codes, but are less keen on switch providers for household bills June 6, 2016 Brits are an oddly selective bunch when it comes to cutting down on expenses, a report out today suggests. The study by EDF Energy discovered that people are more likely to hunt down bargains on things like food shopping or days out than they are to see if they can get a better deal on their [...]
World’s most powerful women: Angela Merkel comes top for the second year in a row June 6, 2016 German chancellor Angela Merkel has been named the most powerful woman in the world for the second time in a row – while the Queen has moved up the list. Forbes' 2016 ranking of the world's most powerful women put US presidential candidate Hillary Clinton second for the second consecutive year, while Federal Reserve chair [...]
Before the bell: What you need to know before the US market open June 6, 2016 Markets are hoping for clarity from Fed chair Janet Yellen later and a British exit from the European Union is looking more likely as a poll gap narrows. Here's what you need to know before the US market opens at 14:30 London time. US stocks are pointing up in the pre-market. The S&P is up by 0.13 per cent, the [...]
Employers are not sharing the caring, with only a third having policies in place to support working carers June 6, 2016 More and more people are taking on caring responsibilities, but you wouldn't know it if you walked into most offices, research out today has warned. According to a study by the Chartered Institute of Personnel and Development (CIPD) and Westfield Health, just a third (34 per cent) of employers have some sort of policy, whether verbal [...]
The City’s philanthropic heritage is a powerful draw for values-led millennials June 6, 2016 The City of London has a proud tradition of philanthropy dating back to the Middle Ages, and philanthropy is the reason that our Square Mile – the world’s pre-eminent global financial centre – exists as we know it. From schools to sanitation, and from hospitals to housing for vulnerable people, many of my forebears as [...]
The post-crash entrepreneurial revolution has changed Britain: I want MPs to spur it on further June 6, 2016 Today we are launching the All-Party Parliamentary Group (APPG) for Entrepreneurship in the House of Commons. This cross-party group of MPs will act as a bridge between entrepreneurs and policy-makers, “making sure the voice of entrepreneurs is heard loud and clear in Parliament,” as business secretary Sajid Javid MP will say at the launch event [...]
David Spencer-Percival explains how he approaches employing over 300 millennials June 6, 2016 If you're having difficulty attracting younger employees, you’re certainly not alone. Many businesses struggle with hiring and retaining millennials, and many millennials, in turn, struggle to adapt to the corporate workplace. I should know: my company employs more than 300 of them. A recent experiment by Virgin illustrates this quite handily. The company held a “corporate [...]
A family affair: How Ben and Ollie Black built their childcare empire June 6, 2016 Two minutes with the Black brothers and Laurel and Hardy come up. “You know, ‘another fine mess you’ve got me into’,” says Oliver Black, describing how he initially conceived of working with his brother. “I spent Christmas trying to convince Ollie that I knew about buying a company,” says Ben Black. The pair bought failing childcare [...]
