Women are starting businesses and buying their own drones October 18, 2019 I don’t find stereotypes pegged to each generation particularly helpful. They’re usually philosophical, vague, or a bit rude. Sure, “the millennials”, my generation, tend to job-hop a bit, but the labour market is much more flexible than it used to be. And apparently we complain too much – but if our parents and grandparents had [...]
City Moves for 18 October – Who’s switching jobs at RSM, Black Isle and Octopus? October 18, 2019 Today’s City Moves includes RSM, Black Isle and Octopus RSM Leading audit, tax and consulting firm RSM has appointed Neil Griggs as an audit partner in its financial services team. Neil joins RSM from BDO, prior to which he worked at both Big Four and boutique firms. He has 20 years of financial dervices experience [...]
Government taps UK tech firm Arm as it unveils £50m cyber fund October 18, 2019 The government has partnered with UK tech giant Arm as it pumps more than £50m into a new programme to improve the country’s cybersecurity. Chipmaker Arm, which was bought by Softbank in 2016, will receive £36m to develop new chip technology that is more resistant to cyber attacks. Read more: EU warns of cyber risks [...]
PM Johnson scrambles to save Brexit deal ahead of key Saturday vote October 17, 2019 The stage is set for a dramatic showdown in parliament this weekend, after a last-minute Brexit deal put the ball in Westminster’s court. Boris Johnson claimed a victory yesterday morning with “a great new deal that takes back control” agreed just minutes before he left London for the European Council in Brussels. The Prime Minister [...]
City of London MP Mark Field quits over Brexit ‘divisions’ October 17, 2019 City of London MP and former minister Mark Field has quit as Conservative MP, citing Brexit “divisions”. Field, who has been elected for the Cities constituency five times, campaigned for Remain during the 2016 referendum. He was suspended as a Foreign Office minister this summer, after a video of him strong-arming a Greenpeace protestor out [...]
Asda offloads pensions in £4bn deal as it eyes stock market float October 17, 2019 Asda owner Walmart is said to have secured a deal to offload £4bn of the UK supermarket’s pension liabilities as it looks to clear the path for a potential stock market listing. Read more: Asda employees stage fresh protests over contract changes Walmart and Asda’s pension trustees have agreed a £3.8bn buy-in with specialist insurance [...]
Nestle to return billions to investors through share buyback programme October 17, 2019 Nestle said today it plans to return Swiss Fr 20bn (£15.7bn) to investors by 2022. The company’s new share buyback programme, which will start in January, follows the $10bn (£7.8bn) sale of its skin care division this month to a consortium of investors. The Kitkat-maker said its organic growth slowed slightly from 3.9 per cent [...]
Facebook co-founder launches anti-monopoly trust October 17, 2019 One of Facebook’s co-founders has launched a $10m (£7.8m) anti-monopoly trust in an attempt to place extra scrutiny on big tech firms. Chris Hughes will launch the fund to support academic and policy research into market power. Read more: Facebook suffers a drop in brand value as consumer trust slides It will be a part [...]
Three key changes that underpin the new Brexit deal October 17, 2019 Prime Minister Boris Johnson has defied his critics to negotiate a new withdrawal agreement for Brexit. Much of the opposition to the previous deal, struck by Theresa May, centred on the controversial subject of the border between Northern Ireland and the Republic of Ireland. The EU Commission has published a 64-page document detailing the revised [...]
TfL boss Mike Brown to resign in May October 17, 2019 Transport for London (TfL) boss Mike Brown is set to resign after four years in the post. TfL announced today the transport commissioner will be leaving the job after next year’s mayoral election in May. Read more: Mike Brown hits out at ‘bonkers’ TfL borrowing limits He will then become the first chair for the [...]