City Moves for 12 May 2016 | Who’s switching jobs May 12, 2016 EDM Group Provider of information and business process management technology and services to the UK insurance industry EDM Group has appointed Chris Hall as managing director, Insurance Services for EDM UK. Chris has over 30 years’ IT experience in senior leadership roles. Previous experience includes seven years spearheading Dell’s online presence in Europe; seven years [...]
London is home to more multi-millionaires than any other city in the world May 12, 2016 London has more multi-millionaires than any other city in the world, new research reveals. The UK’s capital is home to 4,400 “super-rich” people with net assets worth $30m (£20.7m) or more, excluding the value of their main house, figures from data provider Wealth Insight for 2015 show. This is up by 0.8 per cent over [...]
House sales forecast to stay flat as buyer interest drops for first time in over a year – RICS May 12, 2016 Interest from UK house buyers has dropped for the first time since March 2015, as uncertainty plagues the market, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. Following the buy-to-let rush that preceded the 1 April tax rise deadline, and with continued uncertainty caused by the EU Referendum, interest from [...]
SpaceX Dragon cargo capsule returns to planet Earth containing results and cargo from International Space Station May 11, 2016 A SpaceX Dragon capsule splashed down in the Pacific Ocean on Wednesday, containing experiment results and cargo from the International Space Station (ISS). The returned capsule is the first to make it safely back to Earth since a launch accident in June 2015 in which another Dragon capsule was destroyed. SpaceX, founded by billionaire Elon Musk, resumed [...]
Former BHS boss Sir Philip Green slams Pensions Regulator chief’s evidence to MPs May 11, 2016 Sir Philip Green yesterday slammed the evidence given by Pensions Regulator boss Lesley Titcomb to a group of MPs investigating the collapse of BHS. Green, former BHS boss and owner of Arcadia Group, said Titcomb's evidence to the work and pensions and business, innovation and skills committees was "incorrect". Titcomb told the committees in a [...]
Don’t hold your breath for EU referendum facts May 11, 2016 On the eve of the 1986 Reykjavik Summit between Gorbachev and Reagan, the US President sought the advice of historian Suzanne Massie, who told him of the old Russian saying: “Trust, but verify.” This piece of wisdom, offered to a President at the height of the Cold War, is perhaps the best approach that today's [...]
Airbnb books place among young savvy travellers May 11, 2016 The tourism industry has been shaken up in dramatic fashion in the past couple of years by the pioneering startup company Airbnb. The company operates in 34,000 cities in 191 countries and has a value of around $25bn (£17.3bn). It allows ordinary homeowners to rent out rooms to holidaymakers, and is popular among those looking [...]
City Moves for 11 May 2016 | Who’s switching jobs May 11, 2016 RateSetter Marketplace lender RateSetter has announced the appointment of Cyrille Salle de Chou as chief risk officer. Cyrill joins from Lloyds Banking Group and brings extensive experience. He started his risk career at Capital One, where he became chief credit officer for Europe responsible for card and personal loan credit. In 2007, he joined Lloyds [...]
Star Wars game helps boost Electronic Arts’ sales and earnings May 11, 2016 Shares in video games maker Electronic Arts (EA) shot up by over seven per cent in after hours trading last night, after the US firm revealed quarterly revenue and profit had come in ahead of analysts' expectations. The company reported revenue of $924m (£640m) for the fourth quarter of its 2016 financial year, up from [...]
Amazon helped push S&P 500 to its best day in two months yesterday May 10, 2016 A rally in Amazon stock and a jump in the oil price helped push US shares up on Tuesday – with the S&P 500 enjoying its best day in two months. Amazon's share price jumped 3.43 per cent to a record of $703.07, which boosted the S&P 500 and the Nasdaq, after investment firm Bernstein upped [...]
