Former finance director Michael Bracegirdle quits City to follow opera dream August 12, 2015 Let's face it – while many of us may plan on switching careers for a dream job in sport, art, or music, few have the guts to give up the security of that monthly pay cheque. But former EY chartered accountant and financial director Michael Bracegirdle can be an example to us all, as [...]
Round and round in Broadgate circle August 12, 2015 Broadgate circle will become a speed-cycling hub today, as the business campus welcomes the return of the ASDA StreetVelodrome Series Super Final. The pop-up velodrome will see the fastest members of the public from the regional heats compete to win the series alongside pro-riders including Olympic track gold medallist Craig MacLean, elite rider and TV [...]
Tech boss hits back at social spoilsports August 12, 2015 OPINION is divided on how bosses should carry themselves on social networks. That’s why online marketing experts Social Media Marketing have given us their top tips for chiefs and execs who want to boost their online presence. Social Media Marketing told The Capitalist that it’s best to err on the side of caution. Tips included [...]
Lord Rothschild shuns the US to plough cash into the Eurozone August 12, 2015 LORD Rothschild yesterday said ditching US companies in favour of Japanese and Eurozone investments had improved his investment trust’s value by £125m. RIT Capital Partners, Rothschild’s listed vehicle, said the portfolio rose five per cent for the six months to the end of June thanks to a reduction in dollar investments. However, the 79-year-old warned [...]
BT and Sky square up in battle to win over Premier League football fans August 12, 2015 The new Premier League season has kicked off to the usual fanfare, but another battle is raging off the pitch, between rival broadcasters Sky and BT. Both companies have launched high profile advertising campaigns in order to win over new subscribers. Sky Sports has opted for a nostalgic look back at seasons gone by, integrating [...]
Brazil’s credit rating nears junk status after Moody’s downgrade August 12, 2015 Moody’s cut Brazil’s credit rating to near-junk status yesterday, the second rating downgrade the country has sustained since President Dilma Rousseff came to power in 2011. The decision comes two weeks after rival ratings firm Standard & Poor’s (S&P) warned Brazil could lose its investment grade if fallout from a number of corruption investigations weighs [...]
Chinese shock leaves the FTSE 100 nursing losses after renminbi devaluation August 12, 2015 The FTSE 100 fell by 72 points yesterday as luxury goods and mining firms suffered from China’s unexpected devaluation of the renminbi. The Chinese devaluation, news of which broke after the FTSE closed on Monday night, saw Burberry shares open 12p down on the previous day at 1,595p, before falling throughout the day to [...]
S&P 500 pegged back by rising greenback: US stock index limping due to burgeoning power of dollar August 12, 2015 The strong dollar is hindering growth in US equities this year, analysts are warning. The US dollar has been persistently strong in the last year, and has risen around 18 per cent on a trade weighted basis against a basket of other currencies in 12 months. It has continued to strengthen throughout this year, and [...]
Annuity giants to cut jobs amid £670m merger August 12, 2015 ANNUITY giants Just Retirement and Partnership will cut jobs as part of their £670m merger, in a bid to reduce annual costs by £40m, bosses said yesterday, Just Retirement is set to buy its smaller rival in a deal which leaves its shareholders with a 60 per cent stake in the combined group, to be [...]
New direction for new look August 12, 2015 FAST fashion retailer New Look yesterday revealed revenues were up 4.3 per cent to £369.8m for the first quarter of its financial year, while pre-tax profit jumped by nine per cent to £19.3m. The company also announced it is to launch its own standalone menswear stores in the UK, with the first five branches expected [...]
