Moody’s places Deutsche Bank on review ahead of possible downgrade and forecasts delay in improving profitability March 21, 2016 Ratings agency Moody's has placed Deutsche Bank on review and may downgrade the company and some of its affiliates. Moody's said the move was "prompted by the rising execution hurdles facing Deutsche Bank in its efforts to strengthen and stabilise profitability over the next three years" and cited Deutsche's recent weak performance within its capital market operations. [...]
Virtual reality and contactless payments among the six biggest tech trends set to impact on the consumer business sector in 2016 according to Deloitte March 21, 2016 Businesses will have to respond to a number of new technological trends this year, or risk losing out to competitors, according to the Deloitte Consumer Review: Digital Predictions 2016. The financial services firm has identified six of the biggest digital technology trends that will shake up markets this year, and warned that consumer-facing firms will need adapt rapidly [...]
Tube strike 2016: Here’s TfL’s travel advice for when Piccadilly Line is out of service on Wednesday evening and Thursday March 21, 2016 TfL has hit out at Tube driver unions over plans for a strike on the Piccadilly Line later this week. Drivers on the line who are union members are currently planning to strike from 9pm on Wednesday 23 March for 24 hours. Although the strike starts at 9pm, London Underground is aiming to keep services going [...]
Iain Duncan Smith’s dramatic resignation adds insult to injury for chancellor George Osborne March 21, 2016 A senior politician toured the broadcast studios on Sunday morning, accusing the government of presiding over “deeply unfair” policies and “drifting in a direction that divides society rather than unites it". This blistering attack wasn't launched by a fired-up Jeremy Corbyn but by a man who, just 48 hours previously, had been a senior member [...]
City Moves for 21 March 2016 | Who’s switching jobs March 21, 2016 Redington Independent investment consultancy Redington has appointed Mitesh Sheth (pictured) as chief executive, effective from 5 April. Mitesh, who is currently Redington’s director of strategy, joined the firm in 2013. Before that he was head of fixed income at Henderson Global Investors and has also held roles at both Watson Wyatt (now Willis Towers Watson) [...]
Rolls-Royce set to announce 350 new jobs at its Derby operation March 20, 2016 Rolls-Royce is set to announce that it will add 350 new jobs in the UK over the next year. The engineering company's chief exec Warren East is meeting with MPs this week and will tell them the company aims to increase its workforce, a source said. The extra roles will predominantly be based at the [...]
Ryanair slams French air traffic controller unions as “selfish” for striking and calls for ban on industrial action March 20, 2016 Budget airline Ryanair has hit out at French air traffic controller (ATC) unions over strikes that have seen hundreds of flights cancelled across Europe. The company released a statement this evening repeating its call on the French government and EU Commission to "take action to prevent European consumers regularly being held to ransom by tiny numbers of [...]
British Airways, EasyJet and Ryanair forced to cancel flights due to French air traffic control strike March 20, 2016 British Airways, EasyJet and Ryanair have cancelled several flights scheduled for today and tomorrow due to industrial action in France. Air traffic controllers are striking in protest against staff cuts, which industry union UNSA said are unrealistic due to the operational needs of control centres. UNSA also slammed the "considerable technological backwardness" of equipment used by air traffic [...]
Regardless of changes to pensions and retirement ages, no country can duck its demographic destiny March 18, 2016 Facing up to demographic reality is never likely to be a vote winner, but over the course of the next four decades the UK will gradually increase the state pension age to 68 for both men and women. Governments all over the world are waking up to the necessity of such a move, driven as [...]
Break-up a bitter pill for Witty not GlaxoSmithKline, Sainsbury’s boss Mike Coupe’s dealmaking and Smith & Williamson’s owners consider a sale March 18, 2016 If Sir Andrew Witty is casting around for an epithet to sum up his tenure at GlaxoSmithKline, it would probably be: breaking up is hard to do. Yesterday’s announcement that he will retire in 2017 was the City’s worst-kept secret, but it affords GSK the opportunity to contemplate the sort of radical change that tends [...]
