How does your pay compare to a fund manager’s? Here are the average earnings for the UK’s hedge fund and asset managers June 10, 2016 With potentially millions under management, you can see why fund managers are well-compensated – but how does your pay compare? New research from salary benchmarking site Emolument.com suggests hedge fund employees are at the top of the industry, pay-wise – consistently earning more than portfolio managers working for traditional asset management firms. Indeed, at director [...]
Melons and pineapples? Who cares? It will take more than that for supermarkets to fight off AmazonFresh June 10, 2016 Tesco’s current ad features a couple debating whether or not to drive to their local branch to exchange a melon for a pineapple. “We need an excuse,” says the husband. “What? Like I’m long-sighted and I mistook it for a large grape?” replies the straight-thinking wife. The commercial highlights the supermarket’s “No Quibbles” policy. Bought [...]
Be still, for Glastonbury founder Michael Eavis has spoken (about the EU) June 9, 2016 David Cameron and Boris Johnson have gone head-to-head on the subject, and Mick Hucknall has also held forth. But they must silence themselves, for someone genuinely important has spoken out about the EU referendum. Yes, Glastonbury founder Michael Eavis has got involved. In a statement posted on his website, dairy farmer Eavis – who is almost as famous for his lustrous underbeard as [...]
Bilderberg meets today: Here’s the full guestlist June 9, 2016 It may not be quite the shady organisation of conspiracy theorists' fevered imaginations – but the traditionally secretive Bilderberg conference nevertheless courts a certain amount of intrigue. This year, presumably in an effort to increase transparency, the conference's organisers have published a list of everyone attending (lizard people notwithstanding). The list, according to Bilderberg, is about [...]
Here’s how much it actually cost TfL to rebrand Crossrail as The Elizabeth Line June 9, 2016 When Transport for London (TfL) announced back in February that it was rebranding Crossrail as The Elizabeth Line, eyes across the capital were rolled. Another lame corporate rebrand, probably costing hundreds of thousands of pounds, right? Wrong, apparently. City Metric, an arm of the New Statesman, submitted a Freedom of Information (FoI) request to find [...]
Classic cars are becoming one of the UK’s best investments – but which ones should you be buying? June 9, 2016 With equities currently more volatile than Sarah Wollaston's views on the EU, and gold all over the place, it's no wonder an increasing number of people is turning to classic cars as an investment. New research suggests one in five people are now considering splashing out on a vintage set of wheels. And British marques [...]
Bellway shrugs off Brexit uncertainty as it’s boosted by London Help to Buy – but shares drop on house price report June 9, 2016 It seems reports of the death of the housing market are greatly exaggerated, after housebuilder Bellway reported the market continued to be "robust". The figures Completions were expected to rise 10 per cent in the full year to the end of July, while sales increased eight per cent to 196 per week , up from 182 per week in 2015. Bellway said it [...]
Peace out: Europe became less peaceful this year – as the cost of war and violence hits $13.6 trillion June 8, 2016 Europe has become a less peaceful place in 2016, new data has shown – with the cost of global violence hitting more than 13 per cent of global GDP. The figures, from the Institute for Economics and Peace, found the economic impact of violence on the global economy was more than $13.6 trillion (£9.37 trillion), equivalent [...]
Have we reached peak hipster? Sainsbury’s is now the UK’s biggest vinyl record retailer June 8, 2016 An interesting nugget came out of this morning's Sainsbury's (rather mixed) results: the supermarket said it is now the biggest seller of vinyl on the high street. In this morning's first quarter results statements, Sainsbury's said since it reintroduced vinyl record earlier this year after 25 years of just CDs, it had achieved an eight per cent market [...]
City A.M. Unregulated podcast: How Oppo Ice Cream smashed its crowdfunding target on Seedrs in 10 minutes June 8, 2016 Crowdfunding: it's becoming increasingly popular, but is it worth it? Emma and Zak are joined by Charlie Thuillier, a co-founder of Oppo Ice Cream, which smashed its crowdfunding target in less than 10 minutes, and Seedrs' chief investment officer Thomas Davies, to discuss the highs and lows of crowdfunding. What's the best way to launch a [...]
