British businesses are hiring 25 per cent more apprentices as firms record a slowdown in graduate recruitment March 10, 2016 British businesses are offering 25 per cent more apprenticeships this year compared to last year, but graduate vacancies are up by just two per cent over the same period, according to a new report out today from the Association of Graduate Recruiters (AGR). According to AGR, the figures mark a significant slowdown for graduate programmes compared to last [...]
Nearly three-quarters of UK executives report M&A deal delays because of data loss, research finds March 10, 2016 Nearly three-quarters of UK executives involved in mergers and acquisitions (M&A) have admitted to deals being delayed because of critical data loss, according to new research. These losses of information from documents, emails, devices and IT systems accounted for deals being delayed by an average of 12 days, according to Ansarada, a virtual data room [...]
London mayoral election 2016: Exclusive new poll figures show Zac Goldsmith is seen as being more pro-business than Sadiq Khan by a 26-point margin March 10, 2016 Conservative mayoral candidate Zac Goldsmith is seen by London firms as being more pro-business than his Labour rival Sadiq Khan by a 26-point margin, according to a new poll seen exclusively by City A.M. Nearly two-thirds of London businesses think Goldsmith is pro-business, while just under four in 10 say the same of Khan, according [...]
London financial services jobs: Asset management roles the shining star of the industry, and workers pulling in hefty payrises for changing jobs March 10, 2016 Those finding themselves a little too excited for the weekend might be interested to know that switching jobs can bump up their salary by almost a quarter, and it's a jobseekers' market for anybody who fancies a role in asset management, according to research released today. Professional services recruiter Morgan McKinley has found that firms are [...]
Stamp duty changes and Brexit uncertainty are weighing on prime London house prices – Royal Institution of Chartered Surveyors March 10, 2016 Central London house prices stalled in February as the prices in the rest of the country and outer boroughs marched on. The difference between the number of property surveyors who said London prices had gone up minus those that had said they had gone down was three per cent. The same statistic for the UK [...]
UK immigration: British Bankers Association (BBA) says plans to tighten immigration rules would undermine the City March 10, 2016 Plans to tighten immigration rules and impose a new tax for employing non-EU migrant workers would damage the City, a leading business group is warning today. Less than one week before chancellor George Osborne delivers his 2016 Budget, the British Bankers Association (BBA) said that plans to raise the minimum annual salary requirements for skilled [...]
Former FA and Manchester City chairman David Bernstein joins advisory board at property investment firm Cogress March 10, 2016 An investment platform that allows consumers to invest in high-end developments has bolstered its advisory board after hiring former Manchester City chairman and retail veteran David Bernstein. Cogress, an open equity platform, was founded by Israeli entrepreneur Tal Orly in 2014 with the aim of making prime London residential and commercial developments accessible to private investors. Since its launch it has [...]
PwC: UK economy to add another three million jobs over the next decade March 10, 2016 The sector will drive economic growth over the next decade as the UK creates another three million jobs, a financial services giant has forecast today. Business services – which includes IT, finance, legal services, recruitment and marketing – will be the main driver of growth, creating 1.5m jobs, PwC said. Manufacturing is forecast to decline [...]
Facebook acquires Masquerade, the creator of MSQRD, the app that Cara Delevingne used to swap faces with Leonardo DiCaprio March 9, 2016 Facebook is acquiring Masquerade, the creator of the MSQRD app. The app allows users to place filters, masks and special effects on selfies and videos. Facebook’s move for Masquerade has been seen as another challenger to Snapchat. Read more: Facebook taking on Snapchat with disappearing messages This is not the first time Facebook has been seen [...]
Teva expected to win European Commission approval for $40.5bn Allergan deal March 9, 2016 Teva Pharmaceutical Industries is expected to win antitrust approval from the European Commission for a $40.5bn (£28.5bn) bid for Allergan's generics unit. If the deal is closed, Allergan will receive $33.75bn in cash and shares of Teva valued at $6.75bn. The deal is set to get the go-ahead from the European Commission after Teva agreed [...]