Boards are still failing to fix culture in their organisations; though financial services is leading the way May 31, 2016 Defining corporate culture is still an issue at many companies, new research has revealed. Nearly one in three (31 per cent) of boards across the public and private sectors have not established or articulated what sort of corporate culture they want, according to the Chartered Institute of Internal Auditors. It was also found that even when companies [...]
Pensions lifeboat may have to take on 33,000 UK pensioners of bankrupt Canadian telecoms giant Nortel May 31, 2016 The Pension Protection Fund (PPF), the lifeboat set to rescue BHS pensioners and possibly those of British Steel, may also have to take on the 33,000 UK pensioners of bankrupt Canadian telecoms giant Nortel Networks. Nortel's British pensioners are one of three groups of creditors wrangling over $7.3bn (£5bn) worth of assets. The long-running battle boils [...]
Week ahead: Data set to steer the FTSE after four day rising streak May 30, 2016 Markets are set to be moved by data this week after the FTSE 100 posted its biggest weekly gain since mid-April last week. The blue-chip index closed at 6,270.79 on Friday, a fourth straight day of gains and up two per cent on the week. The FTSE’s winning run is largely due to an oil [...]
Neil Woodford is expected to pick up a stake in Time Out when it unveils its plans to list tomorrow May 30, 2016 Star fund manager Neil Woodford is expected to be among investors in line to pick up a stake in media group Time Out when it unveils plans for its London listing tomorrow. Time Out's long expected float on the London junior Aim market is set to value the company at between £185m and £225m. The company, which has [...]
These are the 12 jobs with the biggest payrises so far this year May 27, 2016 Fed up of waiting for a payrise? Perhaps it's time to start another career… New research by salary benchmarking site Emolument.com has identified the 12 jobs which have had the biggest pay increases so far this year – and, unsurprisingly, marketing tops the list. According to the research, salaries in marketing and communications roles have [...]
City A.M. Unregulated podcast: Lessons in negotiation from the FBI May 27, 2016 Having trouble negotiating that landmark contract? Imagine if lives were on the line… This week Team Unregulated is joined by the FBI's former lead international hostage negotiator Chris Voss and Advantage Spring chief executive Natalie Reynold, who give tips on negotiating deals as if your life depended on it. From the power of "no" to [...]
Your staff training courses are failing to titillate. Here’s how to change that May 27, 2016 I have talked to a lot of people from the world of learning and development over the years who can’t work out why no-one is signing up to their courses. They’ve tried changing times and locations, even free food. But while they ponder whether making it “mandatory” will help (it won’t), here are three ideas [...]
Santander’s using blockchain right now May 26, 2016 Santander is the latest bank to experiment with blockchain technology, applying it to international payments with the promise of making the process quicker. It claims to be the first bank in the UK to use blockchain in this way, trialling it in an iPhone app used by staff that reduces the time it takes to transfer cash by [...]
Old Street credit-checking startup expands into Germany with Deutsche Bank partnership May 26, 2016 An Old Street fintech startup is moving into Germany in partnership with Deutsche Bank. Ormsby Street’s credit-checking tool, CreditHQ, is used by more than 27,000 small businesses in the UK, the startup said. The tool, which allows small business to check the financial health and credit status of customers or partners, launched in Italy last year. [...]
Should you start hoarding gold? Some say China’s gold ambitions mean you should keep some stashed at home May 26, 2016 China’s decision to buy its second gold storage vault in London last week was another step towards total dominance of the market. The vault is in a secret location and was bought by Chinese state-owned bank ICBC Standard Bank from Barclays. It could store $90bn of gold at today’s prices, and follows the purchase of [...]
