Swipe right: Finance professionals the most desirable workers in London, says The Inner Circle February 26, 2019 Working in the finance sector could make you more attractive to potential dates, according to new research. Dating app The Inner Circle has found that in London, finance professionals made up the most right-swiped men and women on the app. Read more: Revealed: What candidates should look for in a job offer Men in the finance [...]
Decision time: Interserve gives shareholders date to vote on rescue plan which could decide its future February 26, 2019 Outsourcer Interserve has announced the March date of its all-important general meeting in which it hopes shareholders will vote in favour of its divisive rescue refinancing deal. The company announced the meeting will be on 26 March shortly before trading closed for the day, but it still saw shares plummet nearly 10 per cent in [...]
Chemicals firm Croda stockpiles goods ahead of Brexit February 26, 2019 Chemical manufacturer Croda announced today it is stockpiling goods in mainland Europe and adapting its trading model in preparation for Brexit. Read more: Carney: UK growth 'guaranteed' to fall in no-deal Brexit The British firm, which supplies chemicals to Unilever, Proctor & Gamble and L'Oreal among others, also saw adjusted profit before tax tick up 1.2 [...]
No-deal Brexit could hit Germany’s economy, industry body warns February 26, 2019 A no-deal Brexit could wipe at least 0.5 per cent off Germany’s GDP, a German industry body warned today. Read more: Carney: UK growth 'guaranteed' to fall in no-deal Brexit Joachim Lang, managing director of Germany’s BDI industry association, predicted a hard Brexit would slash €17bn (£14.7bn) from Germany's economy. The German government forecasts that economic growth [...]
Excessive spectrum costs could hurt consumer benefit from 5G, argue lobbyists February 26, 2019 The telecoms industry's main lobby group has said governments need to bring down high costs for 5G bids if Europe is to keep up with the global roll-out. The GSMA, which represents 300 operators worldwide, has been caught in the middle of a row between telecoms firms and governments as to who should shoulder the cost of [...]
ONS denied promotion to woman because of her gender, tribunal finds February 26, 2019 Managers tasked with ending sex discrimination at the UK’s statistics body have failed to recognise that male economists are being favoured above women, an employment tribunal has found. The tribunal awarded £19,000 in damages to a former employee at the Office for National Statistics (ONS), finding she had been overlooked for promotion in favour of [...]
Tech startups remain private for longer leading to high valuation IPO pipeline February 26, 2019 Technology startup companies are choosing to remain private for longer due to the availability of capital from private equity and venture capital investors, creating a pipeline of high-value listings expected this year. The median age of venture capital backed technology companies at the time of IPO has risen from 10.9 years in 2018 from 7.9 [...]
Square Mile skyscraper to bring in Shard man Danny Lemon February 26, 2019 The City's tallest skyscraper has drafted in The Shard’s former manager as it prepares to open its doors later this year. Developers at 22 Bishopsgate, the 62-storey building in the Square Mile known as "Twentytwo", have hired Danny Lemon to oversee the set up and management of the trophy building ahead of its opening late this [...]
UK growth ‘guaranteed’ to fall in no-deal Brexit, Mark Carney warns MPs February 26, 2019 UK growth is “guaranteed” to fall in the event of a no-deal Brexit, the Bank of England’s governor Mark Carney has told MPs. The Bank slashed its UK growth forecast for 2019 to 1.2 per cent earlier this month – down from the 1.7 per cent forecast in November – even on the assumption of [...]
Venture capital fund run by former Facebook and Deliveroo employees raises $85m February 26, 2019 A venture capital fund run by former Facebook, Deliveroo and Klarna employees has raised $85m. (£64.5m) The Blossom Capital fund is the first launched by ex-Index Ventures and Localglobe investor Ophelia Brown, 32, and is the fastest ever first time fundraise from a female VC in Europe. Read more: Ex-Google CFO opens up a venture capital office [...]