Tony Hayward’s Genel appoints new chief operating officer May 9, 2016 Embattled oil producer Genel announced today that it's appointed a new chief operating officer. Paul Schofield joins from Hess where he's held a number of senior roles since joining in 2006. Read more: Genel share price soars despite biggest loss ever His last position was as the most senior Hess representative in the management team for the Carigali Hess operating [...]
Should you believe in unicorns? Tech start-ups have polarised investors with Bill Gates calling for restraint but others arguing new tech will change the world May 9, 2016 The sad demise of unicorns was widely predicted at the start of the year. Unicorns – or young, technology private companies valued at over $1bn (£693m) – drew vast sums of investment throughout last year and comparisons with the dot-com boom were drawn. There are around 170 companies with unicorn status, according to Fortune. Some are [...]
City Moves for 9 May 2016 | Who’s switching jobs May 9, 2016 Parker Fitzgerald Parker Fitzgerald (PFG), the specialist management consultancy, has appointed Patrick Gormley (pictured) to its executive board. Patrick will lead the firm’s global digital practice, which focuses on transforming the risk management and regulatory compliance functions of financial institutions through digital innovation, robotics, artificial intelligence and new technologies such as blockchain. Patrick joins PFG [...]
Donald Trump will lose and Trumpism will die with him May 9, 2016 Following his decisive victory over senator Ted Cruz in the Indiana primary, Donald Trump is king of all he surveys, now the undisputed Republican nominee for President. A new conventional wisdom has already settled on this stunning turn of events, noting that, while Trump has no chance of victory – like the Barry Goldwater conservative [...]
Sadiq Khan’s legacy as mayor will hinge on how he responds to these key challenges May 9, 2016 Now that the London mayoral election race is over, the real work begins for Sadiq Khan. First, though, I want to offer my congratulations to him and convey the message that the City of London looks forward to working closely with him and his team in the coming years. London is a truly unique and [...]
Jeremy Corbyn will still be Labour leader – and will still be losing elections – in 2020 unless MPs get their act together May 9, 2016 1985. Margaret Thatcher was in Downing Street. David Cameron was in the Bullingdon Club. Everton were League Champions. And Jeremy Corbyn? Well, he was exactly where he is now, serving as MP for Islington North. 1985 was also the last time the main Opposition party failed to make gains in May’s annual council elections, other [...]
The blockchain payments app: How Circle plans to change the way we spend – and think about money May 9, 2016 You don't pay to send someone an email – to send information from one place to another. And merchants typically pick up the cost of actually making the transaction when you buy something online. And the founders of Circle – the free, blockchain-enabled payments app – don’t think you should pay to send money, either. [...]
Does the SNP’s failure to secure an overall majority in the Scottish parliament elections take a second independence referendum off the table? May 9, 2016 Jack Montgomery, Scottish spokesman for Leave.EU, says Yes. The chances of Brexit leading to a second Scottish independence referendum were always vanishingly small. While the solidification of “the 45 per cent” around the SNP might have allowed Nicola Sturgeon to tear chunks out of an ailing and decrepit Scottish Labour Party in first past the post [...]
Marketing in the age of Instagram: Olapic’s Jose de Cabo talks visual marketing, the future of earned content and what’s so special about the colour blue May 9, 2016 "Brands are not what marketers say they are anymore. They’re what consumers say they are,” says Jose de Cabo, co-founder of visual marketing platform Olapic. “User-generated content performs better than brand assets because it is more authentic.” Launched just as Instagram was starting out, Olapic uses software to root out hashtagged photos and videos from [...]
Week ahead: Bank of England rate decision and China data in focus May 9, 2016 Economic data will once again be in focus this week with the Bank of England (BoE) interest rate decision and its inflation report due on Thursday. Expectations for an interest rate hike are almost non-existant though the tone of governor Mark Carney’s remarks will be closely scrutinised for any clues on the current economic landscape. On [...]