City Moves for 18 March 2016 | Who’s switching jobs March 18, 2016 Traidcraft Traidcraft, which fights poverty through trade, has appointed Robin Roth as its new chief executive. Robin will take up the post on 1 October 2016 after he leaves his role as managing director of Germany-based Gepa, Europe’s largest fair trade company. Andy Biggs, Traidcraft’s interim chief executive, will remain with the organisation as chief [...]
Prime Minister David Cameron receives EU support to abolish the tampon tax March 17, 2016 Prime Minister David Cameron has secured the support of other EU leaders to pave the way for the UK to abolish the so-called "tampon tax", according to officials. A deal between the UK and the EU would give the government flexibility to remove the current five per cent VAT rate on sanitary products, replacing it [...]
Shell and Saudi Aramco break up 20 year US refinery joint venture March 17, 2016 Shell and Saudi Aramco have announced the end of their 20-year US refinery joint venture and divided up a number of US assets between themselves. The Motiva joint venture, formed in 1998, had operated as a 50/50 refining and marketing joint venture between the London-listed oil giant and Saudi Arabian national oil company. "Motiva's performance [...]
Apple boss Tim Cook: FBI’s attempt to crack iPhone back door is “bad for America” and makes the country more vulnerable March 17, 2016 Ahead of next week's hearing on whether the US Department of Justice can force Apple to help the FBI access an encrypted iPhone used by one of the San Bernardino attackers, the tech giant's chief exec has issued a strong warning on what this could mean for the US. In an interview with Time, Apple [...]
City Moves for 17 March 2016 | Who’s switching jobs March 17, 2016 Morgan McKinley Global recruiter Morgan McKinley has appointed Lauren Di Ventura as global head of learning & development. Lauren brings over 15 years of extensive experience developing and implementing effective people strategies within learning and development in the recruitment industry. Lauren started her career as a recruiter at Blue Arrow and then progressed to recruitment [...]
Budget 2016: Chancellor George Osborne’s plans are now hanging by a thread March 17, 2016 Budget day is full of tradition. Details will leak in the days leading up to it, the chancellor will pose with his red box, Sky News will launch a helicopter to film his short drive from the Treasury to Parliament and the devil will always be found in the detail. There’s another Budget tradition that [...]
City A.M. shadow MPC: Bank of England should keep interest rates glued to the floor March 17, 2016 The Bank of England should keep interest rates at record lows today, City A.M.’s shadow monetary policy committee has said. While sentiment in financial markets has improved after a turbulent start to the year, economic growth has slowed. Inflation remained far below its two per cent target at 0.3 per cent in January. The UK’s labour [...]
Budget 2016: Chancellor George Osborne kicks the can down the road March 16, 2016 Economists have accused George Osborne of ducking tough decisions on deficit reduction in favour of generous giveaways in yesterday’s Budget. Growth and productivity forecasts were downgraded, leaving a gaping hole in the Treasury’s balance sheet – but Osborne was not deterred from handing out tax cuts for workers, savers, small businesses and energy companies. There were some [...]
Welsh e-cigarette ban is defeated after Labour politician makes ‘cheap date’ jibe at Plaid Cymru March 16, 2016 Welsh Labour plans to ban e-cigarettes in public places where children and young people are present were defeated today. The decision came as a surprise given that Plaid Cymru had originally given its Assembly members a free vote on the issue. However, the party instructed its members to vote against the e-cigarette ban after Labour member and [...]
Centrica, Domino’s, Genel, and Intu unveil chief execs’ payouts on Budget day March 16, 2016 A number of companies released their annual reports today, and revealed the pay packages their bosses will be pocketing. It was noted by some that the firms had chosen rather a big news day to publish this information, given that George Osborne delivered the Budget at lunchtime – but that was probably just a big [...]
