The law firm leaders joining the global dots January 26, 2014 Baker & McKenzie’s jet-setting duo tell Elizabeth Fournier how they stay ahead FOR A law firm that is less than 70 years old, Baker & McKenzie has an impressive global footprint. From humble beginnings at the hands of co-founders Russell Baker and John McKenzie in Chicago in 1949, the firm now employs more than 4,000 [...]
Financal crisis art is totally derivative January 26, 2014 HISTORICALLY, some of the world’s finest artworks have been inspired by events at the time; Picasso’s Guernica, Hogarth’s Rake’s Progress, Banksy’s Jubilee-themed sweatshop boy on the wall of Poundland. So financial crisis-inspired artist Larry McGinity is in very good company. McGinity has created 14 paintings for his exhibition: The Financial Crisis Show: Art As A [...]
Karren Brady adds even more to her packed diary January 26, 2014 BEING named on the New Year Honours list has evidently done zip to ease Karren Brady CBE’s hefty workload. The Apprentice star has been booked to announce the winners at the 2014 FSB WorldPay UK Business Awards in May. “Given the fact that Karren has been confirmed in the New Year’s Honours list and will [...]
Three things you didn’t know about… January 26, 2014 Sage Pay chief executive Simon Black 1 He loves football. He and his over-40s league masters team (“a euphemism for people who shouldn’t still be playing”) won the north west league and cup last year. He once tried to get away with going to see Man Utd in the Champion’s League final on his wedding [...]
Managers’ pay hike set to beat inflation in 2014 January 26, 2014 MANAGERS and professionals are projected to see only a tiny increase in real pay this year, even if inflation stays close to the Bank of England’s two per cent target. New figures released by Incomes Data Services today suggest that managerial salaries will rise by 2.3 per cent through 2014, meaning a tiny rise in [...]
Lower inflation and more jobs ease pressure on UK incomes January 26, 2014 INCOMES are less squeezed than at any time since the recession, as households feel inflation is falling and job security is firming up. This month, Markit’s household finance index hit the highest level since it began in 2009. The survey takes into account conditions like job security, workplace activity and inflation perceptions. Overall, the index [...]
Investor access to UK boosted by wealth visas January 26, 2014 THE NUMBER of UK visas issued for foreign investors swelled by a quarter in 2012-13, with high-net worth Chinese visitors making up the largest share of applications. International law firm Pinsent Masons reveals today that 530 investor visas were issued in 2012-13, up from 423 in 2011-12. The number of visas issues has nearly doubled [...]
Supermarkets look to generate own electricity January 26, 2014 SUPERMARKET chains are increasingly looking to generate their own energy, as a means of securing supply, cutting costs and reducing their carbon emissions. FTSE 100-listed Sainsbury’s “will continue to invest in low-carbon technologies including solar panels for stores and depots in 2014,” a spokesperson told City A.M. The retailer opened two carbon-neutral stores late last [...]
Industry expects slow exit from Centrica boss Laidlaw January 26, 2014 LONGSTANDING Centrica chief Sam Laidlaw’s widely anticipated departure from the energy firm will not be until at least next year, say analysts. Speculation has been rife that Laidlaw – who has been at the helm of the FTSE 100-quoted firm for eight years – will move on after his lengthy time at the top. But [...]
Exchange traded funds could top hedge fund value by end of year January 26, 2014 THE MOUNTAIN of cash invested in exchange traded funds (ETF) could surpass the size of the hedge fund industry as early as next year, a study released today predicts. ETFs, which are baskets of assets which trade like stocks, currently have about $2.4 trillion (£1.46 trillion) of assets under management, close to the $2.6 trillion [...]