This banking platform is using wearables delivering electric shocks to stop people going over their spending limit May 19, 2016 A new banking platform promises to reduce overspending among millennials, by using the "Internet of Things" to break bad spending habits. The platform – called "Interact IoT" – was devised by FinTech company Intelligent Environments and connects individuals’ bank details with smart devices such as Nest and Pavlok. Go beyond your spending limit, and your heating will automatically be turned [...]
Do you live in the UK’s luckiest postcode for lottery wins? (Spoiler – it’s in Greater London) May 19, 2016 People talk about postcode lotteries, but this is just ridiculous… Camelot, the company behind the National Lottery, has unveiled the UK's 10 luckiest postcodes – and it turns out the nation's biggest winners reside within the M25. According to the ranking, which shows wins of £50,000 or more per head of the population, the UK's [...]
Chief executive is the US’s most coveted job – while blogger is the “best” job May 19, 2016 City A.M. readers tend to be a distinguished lot, with many residing in the corner office. And now it appears you, dear reader, may also have the US's most coveted job – after a new ranking showed the most popular "dream job" is chief executive. The study, by US job search site CareerCast, most people [...]
Brexit worries are beginning to bite at Hargreaves Lansdown May 19, 2016 Investment giant Hargreaves Lansdown has said uncertainties over Brexit are hitting investors' confidence, as net inflows dipped. The figures Net inflows dipped to £2.3bn in the four months to the end of April, from £2.75bn in the same period last year. That said, assets under management rose to £60.3bn, from £58.8bn last year. And the number of active clients also rose, by 15 per [...]
Foxtons shareholders just voted through a 19 per cent wage hike for its chief executive – despite a fall in share price May 18, 2016 More proof that 2016's so-called shareholder spring is more of a trickle of dissent? Foxtons shareholders have voted through a 19 per cent payrise for chief executive Nic Budden – despite the fact shares have plummeted in the last year. In a statement this afternoon, the estate agent, which focuses on properties in central London, said [...]
Mitsubishi president Tetsuro Aikawa to step down – reports May 18, 2016 Another car manufacturer scalp is likely to be taken shortly, after reports suggested Mitsubishi president Tetsuro Aikawa will step down following the company's involvement in a fuel cheating scandal. Reuters reported this morning that Aikawa will depart in June or July – either during a shareholders' meeting, or when a committee publishes its investigation into the scandal. Last [...]
City A.M. Unregulated podcast: How to be badass in business May 18, 2016 Have we smashed the glass ceiling, or merely created a couple of cracks? In this week's podcast Emma Haslett and Zak Mir are joined by social entrepreneur and A Very Good Company founder Natalie Campbell, and Yael Selfin, KPMG's chief macroeconomic adviser, to discuss City A.M.'s Power 100 list – and ask if the path [...]
Listen: Women in the City – time to stop asking why, and start asking why not? May 18, 2016 Whose responsibility is it to put more women into top roles? At the launch of City A.M.'s Power 100 list, our digital editor Emma Haslett was joined by Virgin Money chief executive Jayne-Anne Gadhia, A Very Good Company founder Natalie Campbell, Tech City chief of staff Caroline Makepeace and RSM chief executive Jean Stephens to [...]
Too few women get to the top in the finance industry. It’s time to change that May 18, 2016 Today, City AM publishes its Power Women 100 list, celebrating female success in the city. The list is dominated by women working in tech, law and the finance industry – which is a significant achievement in itself. Why? Because too few women get to the top in the finance industry. Executive committees are made up [...]
