City A.M. Awards 2015: The City’s top talent comes out to play November 26, 2015 Anyone who’s anyone in London’s corporate jungle came to St Paul’s last night for the sixth City A.M. Awards. The blockbuster black tie-bash was attended by some of the UK’s biggest business icons, from business secretary Sajid Javid to PwC chair Ian Powell, joining together to celebrate the brightest personalities in the financial sector this year. [...]
Faulty train at Kings Cross causing travel chaos on Piccadilly Line as TfL suspends service between Hyde Park Corner and Arnos Grove November 26, 2015 A faulty train at King's Cross was causing travel disruption throughout the Piccadilly Line this morning, as commuters struggled to get into work during rush hour. Transport for London said the service between Hyde Park Corner and Arnos Grove had been suspended in both directions. The disruption was also causing minor delays on the rest of the line. The [...]
Innovative ways to reduce absenteeism: Some French companies pay a bonus to staff with excellent records November 26, 2015 It's now the coughs and sniffles season in London, with many businesses bracing themselves for a depleted workforce over the winter months. Britain’s economy is one of the worst affected when it comes to employees taking time off due to ill health – whether genuine or “sickies”. Statistics from PwC have estimated that sick days [...]
FTSE 100 rises despite housebuilders’ fears over new tax – London Report November 26, 2015 George Osborne’s announcement yesterday that he plans to raise property tax for those who buy a house in order to rent it and on second homes curtailed hefty gains made by housebuilders. However, in general, investors signalled their approval of the chancellor’s Autumn Statement, with the blue-chip FTSE 100 index finishing one per cent higher [...]
Rolls-Royce Holdings and HSS Hire: Best of the Brokers for 26 November 2015 November 26, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ROLLS-ROYCE HOLDINGS Short-term investors might have been left scratching their heads after Rolls-Royce issued its most recent profit warning. However, according to Liberum, longer-term investors can take comfort in a five- to 10-year plan presented by boss Warren East, adding that the [...]
London’s black taxis will accept credit or debit card and contactless payments by October 2016 – but minimum fares will rise by 20p to pay for it November 26, 2015 All black cabs will accept cards and contactless payments from October 2016, after plans for the industry to move with the times by accepting new ways to pay gained overwhelming support from the public. However, the minimum fare of £2.40 will rise across the board by 20p to accommodate the costs of using the new technology. Credit card [...]
Autumn Statement 2015: Fiscal watchdog spares Osborne’s blushes November 25, 2015 The government's fiscal watchdog gave chancellor George Osborne a huge boost yesterday, allowing him to escape the tax credits fiasco without it getting in the way of his plans to cut borrowing. Government borrowing looked like it was going to overshoot the £69.5bn target in the 12 months ending March and many believed Osborne would be [...]
Autumn Statement 2015: George Osborne bails himself out with a u-turn on tax credit cuts November 25, 2015 George Osborne rowed back on controversial and unpopular cuts to tax credits – but admitted that the U-turn will be offset by an £11.6bn raid on British businesses. The chancellor also avoided potential pitfalls such as having to make cuts to the police force, after an unexpected £53.2bn jump in expected tax receipts over the course of [...]
City Moves for 26 November 2015 | Who’s switching jobs November 25, 2015 EDENTREE INVESTMENT MANAGEMENT David Katimbo-Mugwanya has been appointed fixed income fund manager at the investment management firm. He joins from Epworth Investment Management, where he managed both institutional client and charity portfolios. WESLEYAN The mutual financial services provider has appointed Ahmed Farooq as chief financial officer. He joined Wesleyan in 2010, and was previously managing [...]
Wall Street treads water – New York Report November 25, 2015 GAINS in healthcare and consumer stocks yesterday, after encouraging data showed modest economic growth, failed to move the indices as investors geared down for today’s Thanksgiving break. The Dow Jones industrial average rose 1.2 points, or 0.01 per cent, to 17,813.39, the S&P 500 lost 0.27 points, or 0.01 per cent, to 2,088.87 and the [...]