City Moves for 22 March 2016 | Who’s switching jobs March 22, 2016 RPC Consulting RPC Consulting – the insurance consultancy arm of RPC – has appointed four senior insurance actuarial professionals to its team in London and Cambridge. Pete Lee, James Norman and Tony Lovick all worked at EMB (now Willis Towers Watson). Natasha Regan joins from the Financial Reporting Council (FRC). Pete has over 25 years’ [...]
After the government’s volte-face on the sugar tax, will marketeers be left with a crashing low? March 22, 2016 Should the announcement of a sugar tax in last week’s Budget have marketeers worried? It certainly represents a volte-face on the part of the government. In October, when the advisory group Public Health England (PHE) released a report recommending measures to tackle childhood obesity, including a sugar tax of 10 to 20 per cent, a [...]
Less than half of cybersecurity experts are sharing information with each other, even though the overwhelming majority who are see great benefits from doing so March 22, 2016 Clearly nobody ever told IT departments that to share is to care, as less than half of cybersecurity experts share information on threats with others in their profession. According to research released today from McAfee Labs, the threat research division of Intel Security, only 42 per cent of the cybersecurity professionals they surveyed use shared threat intelligence, [...]
The Underground adland: After winning TfL’s £1.1bn advertising contract, Exterion Media boss Jason Cotterrell lays out his subterranean vision March 22, 2016 City A.M. may thoroughly engross commuters during their morning Tube journey. But once you’ve alighted, navigating the bustling corridors and escalators of the Underground requires your undivided attention. For the brands and companies which advertise on its billboards, London’s transport network presents a rare opportunity. “In the main, users are younger, affluent, in work, and [...]
EU referendum: Moody’s says Brexit costs outweigh the benefits and warns of negative effect on UK Plc credit ratings March 22, 2016 A British exit from the European union would result in prolonged uncertainty and put downward pressure on British companies’ credit ratings, Moody’s Investors Service has warned. In two new reports out today, the credit rating giant said that the economic costs of a so-called Brexit would outweigh the potential benefits, with the UK leaving the [...]
Financial Ombudsman explains frequent problems with debt management companies after it reveals that debt charities are receiving 4,000 new requests for help a day March 22, 2016 The Financial Ombudsman has today explained the most common problems it hears about regarding services offered by debt management companies. In its most recent newsletter, the Ombudsman reveals that debt charities are now receiving 4,000 new enquiries a day. Juliana Francis, senior ombudsman, explained that the complaints received regarding debt management companies, which she calls among the [...]
30% Club founder Helena Morrissey warns plans to link bonuses to gender equality targets may backfire as Virgin Money boss Jayne-Anne Gadhia publishes women in finance review March 22, 2016 Proposals for bonuses to be tied to the number of senior women at financial institutions have been criticised by top City figures, who say the move threatens to deter women from working in the Square Mile. In a government-backed review out today, Virgin Money chief exec Jayne-Anne Gadhia recommends financial services firms “connect parts of [...]
Energy industry warned over high supply and slowing demand in 2016 March 22, 2016 The global energy industry is going to face fresh challenges in 2016 due to slowing demand around the world, companies have been warned. Demand growth is expected to slump in the second half of 2016, just as production outside of oil cartel the Organization of the Petroleum Exporting Countries (Opec) begins to slacken, according to a [...]
FBI says it may be able to unlock San Bernardino iPhone and asks court to cancel hearing March 21, 2016 The FBI says it may have found a way to unlock the iPhone used by one of the San Bernardino attackers without help from Apple, leading the US Department of Justice (DoJ) to file a request to postpone a hearing scheduled for today. A judge has reportedly allowed the continuation, meaning Apple's legal battle has [...]
Apple iPhone SE: UK price, specs, features, pre-order sale date, network, colours, battery life and everything you need to know about the newest model March 21, 2016 Apple has unveiled its newest iPhone – the iPhone SE – a smaller and cheaper model similar to the 5s, but with all the power of its flagship 6s device. The smaller iPhone has a four inch screen, a more powerful camera and a better battery life, with similar power and features which were first introduced with the 6s model. Apple [...]