It’s time for aspiration and ability – not birth and background – to dictate progress July 8, 2019 In the UK, our sense of fair play is a source of national pride. We like to think that if you study hard at school and work hard in employment, opportunities are there for the taking. We are, however, increasingly finding evidence to the contrary. Throughout the country, we see those at the top being [...]
City Moves for 8 July – Who’s switching jobs? July 8, 2019 Today’s City Moves includes Addleshaw Goddard, Mediacom UK and BNP Paribas Real Estate. Addleshaw Goddard Addleshaw Goddard has appointed Jon Tweedale as co-head of international arbitration to lead the practice alongside current practice head, Simon Kamstra. Based in the law firm’s London office, Tweedale has a broad practice, which includes energy and life sciences. His [...]
London equity capital markets remain resilient despite uncertainties July 8, 2019 London remained a bright spot for equity capital markets as investors shrugged off economic and political uncertainties in the first half of this year. Total funds raised in the UK in the first half of this year reached £19.2bn, up from 22 per cent in the second half of 2018. Read more: Private equity investment [...]
Firms spend £4.4bn as skills shortage bites July 8, 2019 Most employers in the UK have struggled to find skilled staff in the last year, a new study reveals today. The shortage has forced British firms to spend £4.4bn on temps, higher salaries, recruitment fees and training. Data from the Open University shows that 68 per cent of employers have struggled to find the right [...]
Rat race: City workers scramble as new jobs numbers halve July 8, 2019 City workers had to fight harder for new jobs last quarter as the amount of available opportunities halved. Research shows that the number of available jobs decreased 50 per cent year-on year, and 33 per cent quarter-on-quarter. Meanwhile, jobseekers fell by 22 per cent. It contrasts against the technology sector, which has 60 per cent [...]
Inquiry launched into leaked memos branding Trump administration ‘inept’ July 7, 2019 The government has launched an inquiry into leaked memos that described US President Donald Trump’s administration as “inept” and “uniquely dysfunctional”. In a series of confidential memos written over the last three years, British ambassador to Washington Sir Kim Darroch reportedly criticised Trump and warned of internal rifts in the White House. Read more: Trump [...]
Lib Dems promised flood of cash if they sign up to Remain alliance July 7, 2019 A FLOOD of cash is set to be released to the Liberal Democrats from wealthy donors if the party signs up to a Remain-focused electoral pact, City A.M. can reveal. The cash-strapped party received just £4.8m in funding in the 12 months to March 2019 – £12.4m less than Labour – following an announcement last [...]
UK issues warning after Iran breaches nuclear agreement July 7, 2019 Iran has broken the terms of its 2015 nuclear deal and must reverse any moves to increase its uranium enrichment, the UK has warned. Iran announced this afternoon it would boost its uranium enrichment above a cap set by the nuclear deal in a move that ramped up tensions between Tehran and the west. Read [...]
City jobs at risk as Deutsche Bank slashes 18,000 roles globally July 7, 2019 Thousands of jobs are at risk in the City of London after Deutsche Bank announced it will slash 18,000 roles globally in an attempt to stem its 10-year decline. Read more: Deutsche Bank investment chief quits ahead of shakeup Germany’s biggest lender will shut down its global share-trading business and significantly cut back its investment [...]
Justice secretary: MPs can find way to prevent no-deal July 7, 2019 Justice secretary David Gauke has said he would resign from his post if the next prime minister chooses to pursue a no-deal Brexit. His comments come as Labour announced it will call a no confidence vote in the government when it believes enough Tory MPs will support it. Gauke also told the BBC that he believed [...]