City Moves for 18 March 2016 | Who’s switching jobs March 18, 2016 Traidcraft Traidcraft, which fights poverty through trade, has appointed Robin Roth as its new chief executive. Robin will take up the post on 1 October 2016 after he leaves his role as managing director of Germany-based Gepa, Europe’s largest fair trade company. Andy Biggs, Traidcraft’s interim chief executive, will remain with the organisation as chief [...]
Bacon Sarnies and £5,000 cuddles are the way to attract and keep employees March 18, 2016 Most people consider themselves lucky if they get paid on time at the end of the month. Others, however, want a little bit extra to go with their salary, pension and perhaps a contribution to commuting costs. Some companies, according to Glassdoor’s Benefit Review published today, really push the boat out when it comes to pampering [...]
Tenants are set to feel the heat as rents go up for the first time in 2016 March 18, 2016 Tenants are about to be hit by the first rise in rents since the autumn as new tax policies take their toll on landlords. Average rents rose by 0.1 per cent between January and February this year according to the latest buy to let index from Your Move and Reeds Rains. It’s the first increase [...]
Budget 2016: Small business confidence plummets in London as Federation of Small Businesses (FSB) bank on Budget boost March 18, 2016 Confidence among small businesses in Britain is at its lowest level since 2013, with sentiment deteriorating the most in London, according to a new survey out today. The London Small Business Index (LSBI), conducted by the Federation of Small Businesses (FSB), measured net confidence among London businesses at four for the first quarter, down significantly from a score [...]
Retirement savings: Equity release allowing over-55s to unlock over 100 weeks’ worth of pay from their properties, offering alternative funding for their later years March 18, 2016 Over-55s using equity release products in the second half of last year unlocked over 100 weeks' worth of pay from their property, according to a report out today. The research by the Equity Release Council discovered that customers using drawdown mortgage products in the last six months of 2015 withdrew an average of £49,607, which is equivalent to [...]
A third of government’s major infrastructure projects at risk of never being achieving, MPs warn, a merger between authorities means nobody is there to be critical March 18, 2016 Around a third of government's major infrastructure projects are at risk of never being realised, MPs have warned today. A report by the Public Accounts Committee (PAC) highlights that the Major Projects Authority, which merged with Infrastructure UK at the start of the year to become the Infrastructure and Projects Authority, had rated 34 per cent of government's [...]
Adobe Systems share price up in after-hours trading as software company reveals rises in revenues and profits for three-months to 4 March 2016 March 17, 2016 Share price in Adobe Systems rose in after-hours trading today as the software company revealed that its profits had trebled for its first quarter of its 2016 fiscal year. The company announced that revenue had risen to $1.38bn (£950m) for the three months ended 4 March 2016, up 25 per cent compared with £1.11bn in 2015, while [...]
UK challenger banks: OneSavings Bank, Aldermore, Shawbrook among the lenders seeing a bounce-back March 17, 2016 Challenger banks are bouncing back after months of share price weakness, with the markets rewarding smaller listed lenders for posting double-digit increases in profits, lending and customer numbers. The regulators have handed out licences to 15 new banks since 2013, and City A.M. understands around 10 more are seeking a licence this year. Recent years [...]
Euribor trials: European arrest warrant to be requested for the five traders who declined to appear at court hearing in January March 17, 2016 Five traders who have been accused of playing a part in manipulating the Euro Interbank Offered Rate (Euribor) might soon be making their way to the UK to face charges. It is understood that the Serious Fraud Office (SFO) will tomorrow approach a London court seeking an European arrest warrant for five individuals who declined to [...]
Telecomms giant BT Group to name Simon Lowth, who has previously worked for BG Group and AstraZeneca, as new finance chief tomorrow morning March 17, 2016 BT Group is set to name Simon Lowth as its new finance chief tomorrow morning. Lowth was previously finance chief at oil company BG Group before it merged with Royal Dutch Shell earlier this year and, prior to this, he was finance chief at pharmaceutical company AstraZeneca. Lowth also sits on the board of Standard Chartered and has [...]