Shadow chancellor John McDonnell seems to be transformed – is he the real power behind Labour leader Jeremy Corbyn? April 18, 2016 Firebrand shadow chancellor John McDonnell has undergone a transformation in recent weeks. Whereas Jeremy Corbyn remains every inch the protester (albeit one with a bigger stage to play on) McDonnell has adapted to his new office with a professionalism that eludes his leader. The central complaint among Labour insiders is that Corbyn just isn't very good [...]
City Moves for 18 April 2016 | Who’s switching jobs April 18, 2016 Arbuthnot Banking Group Arbuthnot Banking Group (ABG) has appointed Ian Arthur Henderson as chief executive at Arbuthnot Latham. Ian will also be joining the ABG Board from 6 May. He joins the company from Secure Trust, where he was head of strategic business development and chief executive of personal lending and mortgages. He was previously [...]
City A.M. Unregulated: Episode 2 – Mayoral debate and Boris Johson are up for discussion with Vicky Pryce and Alex Wild April 15, 2016 In the second episode of City A.M.'s podcast we dissect this week's debate between London mayoral candidates Zac Goldsmith and Sadiq Khan. Hosts Emma Haslett and Zak Mir are joined by Alex Wild, from the TaxPayers' Alliance, and economist Vicky Pryce to unpick the topics covered in City A.M.'s Zac v Sadiq hustings – including the race conversation, the "Zac [...]
EU referendum: Jeremy Corbyn has laid out his case for remaining in the EU – but his version of Europe would be the worst of all worlds April 15, 2016 Believe it or not, Jeremy Corbyn’s grudging intervention in the EU debate yesterday was startlingly refreshing. The Labour leader’s “warts and all” assessment that, on balance, perhaps it would be better to stay in the EU despite its many problems was far more reflective of the views of most Remain supporters than the starry-eyed arguments [...]
City Moves for 15 April 2016 | Who’s switching jobs April 15, 2016 Bibby Line Group Bibby Line Group has appointed Gaurav Batra as chairman. Gaurav is currently strategy director and also chairs Garic Ltd, Bibby’s plant hire subsidiary. He joined the group in 2013, having previously worked at Virgin Group in corporate development and strategy. McKay Securities Real estate investment trust McKay Securities has announced that Richard Grainger [...]
After high profile cyber attacks at firms like TalkTalk, companies ignore this risk at their peril April 14, 2016 If you found your company to be the victim of cyber crime, do you know who to call? Would you dial 999? Who would you speak to first – your customers, or your insurers? You probably have a company plan for the event of fire or power failure – but do you have a strategy [...]
City Moves for 14 April 2016 | Who’s switching jobs April 14, 2016 London Stock Exchange Group David Harris has been appointed into the newly created role of group head of sustainable business at London Stock Exchange Group. He will be responsible for ensuring that sustainability is integrated into activities group-wide, and will also continue as ESG Director at FTSE Russell. David has 15 years’ experience of working [...]
BP must not brush off shareholder revolt over pay April 14, 2016 The Wedding Fair, a groove dance competition and a celebration of all things Star Wars-related: three of the events being held at ExCel, the London exhibition venue, in the coming months. BP’s annual meeting, which takes place there today, won’t have the same international pulling power – a fact for which Carl-Henric Svanberg and Bob Dudley might [...]
London’s biggest banks will struggle to reach sustained profitability due to bad debts and regulatory fines, IMF and KPMG warn April 14, 2016 A toxic mix of bad debts and regulatory fines will see some of London’s biggest banks struggle to reach sustained profitability, according to two major new reports from the International Monetary Fund (IMF) and KPMG. The hard-hitting reports have prompted city analysts to predict looming job cuts in the Square Mile and Canary Wharf, while [...]
Birdseye needs its Captain to come to the rescue April 13, 2016 Birds Eye has reintroduced the famous and much-loved Captain Birds Eye character to its advertising campaign – 10 years after he was cut adrift by the frozen food provider. The return of the well-known, white-bearded seafarer is part of an £8m campaign which will coincide with the re-launch of some of Birds Eye’s key products [...]
