Scooters in the City: A quick way to kill your credibility September 2, 2016 In this sprawling metropolis, it’s not often you notice the same person twice outside of your normal routine. But nearly every morning I see this same chap: well groomed, early 30s, nicely cut suit – you know the type. In fact you might even be him, or umpteen others like him. He wouldn’t stand out among the [...]
City Moves for 2 September 2016 | Who’s switching jobs September 2, 2016 Noble Foods Group John Gildersleeve has been appointed chairman of Noble Foods Group. John will oversee the implementation of the group's growth strategy for diversification and acquisitions. John spent 20 years on the Board of Tesco during its period of rapid expansion. Currently he is the chairman of British Land, a FTSE top 50 property [...]
Harman International Industries teams up with Toumaz on wireless home speakers September 2, 2016 Harman International, the world's largest speaker company, is working with digital radio and smart audio tech developer Toumaz on a Google Cast-enabled wireless speaker. Frontier Silicon – part of Toumaz – began developing software to use with Google Cast last year. Google Cast lets users connect their smartphone to their TV or speakers. Read more: Why British homeowners [...]
Look away, legal eagles: Revenue and staff numbers slipped at the UK’s 100 largest law firms in 2016 September 2, 2016 This year has not been kind to those with a head for all things legal, as both revenue and staff numbers dropped at the UK's 100 largest law firms. The firms raked in a combined turnover of £20.2bn this year, a slip of two per cent compared with the £20.6bn reported last year. Meanwhile, the number [...]
Business confidence dramatically recovered in August, after plummeting in the aftermath of the Brexit vote September 2, 2016 Business confidence dramatically recovered in August according to new polling figures, but concerns remain on the broader direction of the economy. Just one day after the government was boosted by reports of a huge return in manufacturing, new YouGov figures also show confidence returning. According to the pollster's figures, while business confidence remains below levels [...]
A free market think tank has joined calls to scrap “inefficient” corporation tax September 2, 2016 Margaret Thatcher's favourite think tank has joined calls to abolish corporation tax, blasting the failure of politicians to grasp the impact of the charge. The free market backing Institute of Economic Affairs said long overdue reform of the system has been held back by a “fiction” that the bill is foot by companies, instead of [...]
The Great Fire of London made the city an insurance hub – here’s what we need to do to maintain that status September 2, 2016 This week we’re marking the anniversary of one of London’s defining events: the Great Fire of London, which ravaged the city at the start of September 1666. It was started by nothing more than a fire from an overheated oven at a baker’s shop near London Bridge. The damage was immense. The Association of British [...]
Smith & Wesson has hiked full year forecasts as it processes two new acquisitions September 1, 2016 Smith & Wesson beat projections with a strong set of quarterly results last night, while boosting its full year forecasts following a pair of acquisitions. The Massachusetts business lifted its full year earnings forecast up from a previous outlook of up to $1.93 per share to a new ceiling of $2.48 per share, equivalent to $2.2bn (£1.6bn). [...]
Bye bye Brexit slump? Pound jumps on surprise rebound in manufacturing and improved confidence among British businesses September 1, 2016 Britain's post-referendum prospects received a shot in the arm yesterday as new figures revealed a rebound in manufacturing, causing the pound to rise sharply against the dollar. Growth in UK manufacturing smashed expectations in August, suggesting that the sector has weathered the Brexit storm. And new polling figures out on Friday will show that business confidence recovered [...]
Lululemon has seen its shares nosedive after falling just short of predictions for the second quarter September 1, 2016 Yoga apparel maker Lululemon saw its shares nosedive in late trading last night after it fell just short of expectations for the second quarter of 2016, while also posting a cautious forecast for the full year. Shares dropped eight per cent in extended trading to $70.30 after the firm revealed quarterly earnings of $514.5m (£387.7m). According to Yahoo [...]