Augmented reality startup’s Ambarish Mitra crowned UK entrepreneur of the year by EY October 4, 2016 The boss of London augmented reality startup Blippar was crowned "EY entrepreneur of the year UK 2016 overall winner" at an award ceremony last night. Blippar, best-known for creating jazzy, interactive magazine covers for titles such as ShortList and the Radio Times, is an app which lets users scan objects they are interested in to learn more about them. Read more: London augmented [...]
Stress in the City: Let’s move beyond stigmas October 4, 2016 Nearly 80 per cent of City A.M. readers have experienced poor mental health. If you look around your train carriage this morning at your fellow commuters, that should become a sobering statistic. In truth, it’s not our readers that have been surveyed, but employees across the UK. The charity Business in the Community conducted a [...]
Standing desks: How do you make the most of this moderately helpful technology? October 4, 2016 Standing desks were all the rage about two-and-a-half years ago. Transforming your working day, it was even suggested they could help you lose weight. Unfortunately, this is simply not true. A recent study published in the (rather apt) Journal of Physical Activity and Health examined how many calories people burnt when sitting at a computer [...]
Better infrastructure and new houses: Here’s how to invest for a post-Brexit fiscal stimulus October 4, 2016 Chancellor Philip Hammond used his party conference speech yesterday to tell the public that the government is prepared to take “whatever steps are necessary to protect this economy from turbulence”. Though he gave a nod to his predecessor’s commitment to fiscal consolidation, new spending plans are widely expected when he delivers his first Autumn Statement in [...]
City Moves for 4 October 2016 | Who’s switching jobs October 4, 2016 Edison Edison, an investor relations and investment research company, has hired Elliott Berstock to the role of account manager in the investor relations team. Elliott brings to Edison more than 10 years’ capital markets experience in the investment industry, joining from Capital Access Group, where he held the positions of associate director of investor relations and [...]
Amber Rudd could be met with tough opposition from the City in her immigration crackdown October 4, 2016 Home Secretary Amber Rudd yesterday committed to consulting with businesses on her plan to cut net migration by hundreds of thousands in the wake of the Brexit vote. Rudd, who campaigned passionately for the Remain side, will likely face stiff opposition from City leaders and tech companies as Brexit negotiations progress, as they are expected [...]
The big chop: European banks slash over 20,000 jobs October 4, 2016 European banks are set to slash more than 20,000 jobs as tougher capital requirements and negative interest rates bite into the sector’s profitability, putting fresh pressure on many lenders to cut costs further. Dutch lender ING Group said yesterday that it would get rid of 7,000 positions over five years as it focuses on internet and mobile banking and [...]
Accounting giant PWC posts global revenue rise of $35.9bn October 4, 2016 Accounting and professional services giant PWC last night toasted $35.9bn (£27.9bn) in global revenues in its latest year to 30 June. The tally represents a 1.5 per cent increase on the same period last year and close to 7.5 per cent growth at constant exchange rates. However, that revenue growth has slowed from the 9.9 per [...]
Euro banks including ING Group, Commerzbank and Spain’s Banco Popular Espanol to slash over 20,000 banks October 4, 2016 NULL
How HSBC plans to save small businesses £13m a year October 4, 2016 HSBC has today announced it is reviewing banking tariffs for all UK business customers with turnovers of up to £2m, saving small firms across the country £13m a year in unnecessary charges. The review has been brought about by HSBC's Electronic Banking Tariff, which recently increased its turnover threshold from £500,000 to £2m. Around 190,000 HSBC [...]