The secrets of the external consultant: From targets to culture, lay the groundwork before you hire November 19, 2015 When companies need to deliver a significant change, it is often not possible to find the necessary resources and expertise internally. This issue has been exacerbated by the widely-reported skills gap in the UK business market – a challenge to which there is no easy or quick answer. To help overcome this, and to [...]
City Moves for 19 November 2015 | Who’s switching jobs November 18, 2015 EY The professional services firm has appointed partner Gareth James to head up its data and analytics practice within its UK and Ireland assurance business. He joins after 18 years at Deloitte, where he was a UK risk analytics partner since 2011, specialising in and leading on audit and finance analytics. Silicon valley bank The [...]
Wall Street up as Fed signals December interest rates hike – New York Report November 18, 2015 Indications from the Federal Reserve’s October policy meeting yesterday that there is solid core of officials backing a possible December rate hike pushed US stocks up by more than one per cent. The Dow Jones industrial average rose 247.66 points, or 1.42 per cent, to 17,737.16, the S&P 500 gained 33.14 points, or 1.62 per [...]
It’s time investors got behind our world-beating creative industries November 18, 2015 Chinese President Xi Jinping’s state visit to the UK last month was largely overshadowed by concerns regarding his country’s impact on Britain’s steel industry. Even so, almost £40bn worth of trade and investment deals were announced during the visit, yet one significant part of the UK economy was overlooked in the commentary: the creative industries [...]
The world won’t tackle global warming if we deny the vital role of clean coal power November 18, 2015 It is just a few weeks until heads of state assemble in Paris for the UN Conference on Climate Change. At the heart of the meeting’s ambition will be an attempt to secure an agreement, applicable to all countries, to keep global warming below the two degree Celsius target. As the recent discussions in [...]
Father government: Liberals have failed to devise an alternative to the parental role of the state November 18, 2015 Nobel Laureate James M Buchanan was the driving force behind the public choice school of economics, which showed that market failure alone wasn’t a justification for state intervention. You had to consider the consequences of state failure as well. One of his best papers, to my mind, was also perhaps one of his shortest, [...]
Will having Ken Livingstone as co-chair of its Trident review destroy the Labour Party’s credibility on defence? November 18, 2015 Chris Rumfitt, founder and chief executive of Corporate Reputation Consulting, says Yes In the wake of the Paris attacks, security has risen to the top of the political agenda. As the world brimmed with anger and calculated how best to eradicate the Isis threat, Jeremy Corbyn decided it was the right moment to appoint Ken [...]
Best of the Brokers for 18 November 2015 November 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com STANDARD CHARTERED Jefferies believes the $17bn revenues implied in Standard Chartered’s 2018 returns on an equity target of eight per cent will be “tough to achieve”, given the ongoing pressure at the bank. Five per cent returns would be more achievable in 2018 [...]
FTSE 100 investors remain bullish on UK defence – London Report November 18, 2015 News yesterday that UK consumer price inflation remained in negative figures for the second straight month – largely due to falls in food and fuel prices – pushed the FTSE up. The blue-chip index rose by 122.4 points, or 1.99 per cent, to close at 6268.7 pushing up the combined value of UK listed companies by [...]
Deflation station: Fidelity International’s Maike Currie explains where to invest in a world of no inflation November 18, 2015 It is likely that I will have to write further open letters to you over the coming months…” If you think these are the words of a hopeless romantic penning a letter to their long-distance love, you’re wrong. It’s the Bank of England governor Mark Carney, writing to chancellor George Osborne to explain why [...]
