Exclusive: Investors dash for cash savings despite historically low interest rates June 16, 2020 Investors are retreating to cash savings as they adapt strategies during the pandemic, despite central banks slashing interest rates. An independent survey of more than 900 investors, commissioned by broker HYCM, shows the most common asset class is cash savings – 73 per cent – followed by private pensions. A third of all investors surveyed [...]
Frustrations grow for women in private equity as pay gap issues continue June 16, 2020 Women in private equity are still battling gender pay gap issues and a male-dominated industry, according to new research. A fifth of women surveyed by Investec claim to be more dissatisfied with their work in private equity, compared to just 8.2 per cent of men. However, women are not pursuing other options within the private [...]
SFO ends corruption probe into banknote printer De La Rue June 16, 2020 The UK’s Serious Fraud Office (SFO) has ended its 11-month investigation into banknote printer De La Rue, concluding it didn’t meet the sufficient threshold for prosecutors. Fraud investigators opened a probe into De La Rue last July over suspected corruption in South Sudan. In a statement the SFO said: “Following extensive investigation and a thorough [...]
US pilot killed in North Sea crash named as Kenneth Allen June 16, 2020 The pilot killed after his US Air Force fighter jet crashed off the UK coast has been named as 1st Lt. Kenneth Allen. The F-15C Eagle, from the 48th Fighter Wing based at RAF Lakenheath in Suffolk, crashed at around 9.40am yesterday. HM Coastguard found the wreckage of the pilot’s aircraft yesterday afternoon after it [...]
US stocks and FTSE 100 tumble as fears of second wave intensify June 15, 2020 The FTSE 100 faltered in afternoon trading, while US stocks sunk into the red as traders remained wary of a second spike in coronavirus infections. London’s blue-chip index opened down 2.05 per cent to 5,980 points, even as retailers began to open their doors for the first time in three months. US stocks dropped sharply [...]
Small businesses worry they won’t bounce back from coronavirus June 15, 2020 Small business owners are concerned they will not be able to bounce back from the coronavirus pandemic, even as the economy starts to reopen. A survey commissioned by Visa found that 56 per cent of small business owners are worried about long lasting damage to their firms as coronavirus ravages the economy. These worries are [...]
Easyjet resumes flights with social distancing measures in place June 15, 2020 Easyjet took to the skies for the first time in 11 weeks, as it resumed domestic flights with social distancing measures in place. The budget airline will relaunch 310 flights across its European network, as its first flight took off from London Gatwick at 7am this morning for Glasgow. The majority of flights this month [...]
Former FRC chairman Simon Dingemans joins Carlyle June 15, 2020 The former chairman of the Financial Reporting Council (FRC) who stepped down last month has taken a new role at private equity firm Carlyle. Simon Dingemans, who left the accounting watchdog in May, will join Carlyle as a managing director in charge of UK buyouts, first reported by the Financial Times. He will also reportedly [...]
The City View: How the City is coping with economic shockwaves and political upheaval, with Iain Anderson June 12, 2020 In this episode Christian talks to top City lobbyist Iain Anderson, Executive Chairman of Cicero AMO, about how businesses have responded to the Coronavirus crisis and the huge economic and political disruption it has caused. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS From concerns over trade to worries about the lockdown, businesses have had to adapt [...]
New poll finds Brits turn away from city life as attraction wanes June 12, 2020 There could be a dramatic shift in working life as cities become less attractive to Britons, a new poll has found. In an online survey by Ipsos Mori, 44 per cent of Britons say they expect cities to become less attractive places to live in the next few years. Just 19 per cent say their [...]
