EU referendum: Ex-British Chambers of Commerce (BCC) boss John Longworth is now a martyr to Brexit cause March 7, 2016 As George Osborne and German finance minister Wolfgang Schaeuble discussed the perils of Brexit on stage at the British Chambers of Commerce's annual conference last week, the organisation's boss was quietly pulling the pin out of a grenade on Sky News. John Longworth, the mild-mannered head of the BCC, gave an interview from the conference [...]
City Moves for 7 March 2016 | Who’s switching jobs March 7, 2016 Oliver Wyman Oliver Wyman, the international management consulting firm, has appointed Dr Rebecca Emerson as its UK head. Reporting directly into the head of Europe, Davide Taliente, she will provide leadership to the entire set of the firm’s UK industry practices and capabilities. Rebecca has advised banks and market infrastructure players on wholesale risk management [...]
New investment research service Research Tree launches March 7, 2016 Research Tree, an aggregator of third party investment research for private investors, launches today. The new online platform, established by former equity research analyst Rob Mundy, will help investors "make better informed investment decisions by having broad access to high quality research for the first time", the company said. "Equity research, produced by the UK’s corporate [...]
EU referendum: John Longworth steps down as head of the British Chambers of Commerce March 6, 2016 John Longworth has stepped down as director-general of the British Chambers of Commerce (BCC) with immediate effect. Longworth was suspended last week for expressing support for a Brexit. He told Sky News that "the UK would be better off taking a decision to leave the European Union". The BCC said the resignation was agreed mutually between Longworth and [...]
Night Tube: 24-hour weekend service on the Central, Jubilee, Nothern, Piccadilly and Victoria lines could finally get the go-ahead March 6, 2016 Tube train drivers' union Aslef is to vote on a new pay deal tomorrow – and it's going to back the offer. It will be the second union to approve the deal, after RMT announced last week that 84 per cent of its membership had voted in favour of it. A third union, TSSA, has [...]
Aviva set to report £100m impact from UK floods while Prudential will post another year of earnings growth March 6, 2016 Aviva is set to reveal the UK floods in December put a £100m dent in earnings for 2015 when it reports its annual results on Thursday. The impact of the floods, as well as the recently announced acquisition of RBC Insurance in Canada, is likely to drag operating earnings per share from 49.2p to 47p, [...]
Just like Tidjane Thiam’s departure from Prudential for Credit Suisse showed us, chief executives are becoming increasingly important to share prices March 4, 2016 You can't put a price on a life – or so we’re told. A new study, published recently in the Strategic Management Journal, begs to differ. Its authors studied 631 deaths of chief executives between 1950 and 2009, of which 240 were considered to be sudden and unexpected; they then monitored the reaction in the [...]
City Moves for 4 March 2016 | Who’s switching jobs March 4, 2016 LIDA Digital direct marketing agency LIDA has appointed Trefor Thomas, executive creative director of SapientNitro, as its chief creative officer – a newly created role. Trefor’s brief will be to focus on furthering the agency’s direct, digital brand and innovation capabilities, while continuing to gear up LIDA’s loyalty credentials across new platforms. He boasts over two [...]
Battersea panic stations: Investors flee luxury scheme as up to £2m is knocked off some asking prices March 4, 2016 More than 50 luxury flats on sale at London’s iconic Battersea Power Station have had their prices slashed since January, with some seeing discounts as large as 38 per cent in a sign that wealthy foreign investors are scrambling to desert the scheme. The news adds to fears that demand for prime homes in the capital is [...]
National Grid warns government over handing blackout responsibilities to energy regulator Ofgem March 3, 2016 National Grid has warned that handing over its role in preventing blackouts to energy regulator Ofgem would only serve to bring further uncertainty to the market. The department of energy and climate change is looking at options for improving energy security, including greater independence for the system operator – which some believe means giving blackout [...]
