City shrugs off downturn with a 17 per cent hiring lift over a year March 9, 2015 The City has shrugged off the ongoing job cuts at the UK’s main investment banks to see employment surge 17 per cent in a year, according to a report published today. The report, by recruitment firm Astbury Marsden, said just over 3,000 jobs were added to City payrolls in February, up from the 2,500 created [...]
PayPal boosting cyber security with buyout of Israeli CyActive March 9, 2015 ONLINE payments company Paypal is set to expand its cyber security business with the acquisition of the Israeli tech firm CyActive, it emerged yesterday. The $60m (£40m) buyout of CyActive will be Paypal’s second acquisition of an Israel-based company, after it purchased FraudSciences in 2008 for $169m. CyActive was founded in 2013 and provides companies [...]
City Moves for 09 March 2015 | Who’s switching jobs March 9, 2015 FTI Consulting The business advisory firm has appointed Mark Hunt as senior managing director in its forensic & litigation consulting practice. He joins from BDO, where he led its financial services practice. Hunt has also previously worked as a partner at KPMG. Berwin Leighton Paisner The law firm has announced five partner promotions. In its [...]
Best of the Brokers for 09 March 2015 March 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HENRY BOOT WH Ireland reiterated its “buy” rating on the construction business, after its “unequivocally positive” announcement that Aberdeen City Council has approved the master plan and business case for a major new exhibition and conference centre. POUNDLAND GROUP Canaccord Genuity reiterated its [...]
Shoppers likely to be pausing after 2014 spree – London Report March 9, 2015 BRITISH Retail Consortium (BRC) retail sales figures for February are likely to show shoppers took a pause after a spending spree in the fourth quarter of last year. The figures, due out overnight tonight, are forecast to follow similar data from the Confederation of British Industry, which showed softer spending in February. The CBI data [...]
US investors braced for sign of rates hike – The week ahead on Wall St March 9, 2015 US STOCK investors may be bracing for further signs this week that the Federal Reserve could increase interest rates sooner rather than later, with retail sales expected to rebound after two straight months of declines. A pickup in retail sales could show consumers are benefiting from sharply lower oil prices, but analysts say spending in [...]
Netanyahu wants to kill the US-Iran nuclear deal: Obama must not let him March 9, 2015 For all the clouds of controversy that perpetually swirl around him, Israeli Prime Minister Binyamin Netanyahu possesses two great qualities that wholly elude the timid and colourless European leaders I am fated to spend so much of my time writing about: he has a gambler’s heart and he is eloquent. Both these admirable traits were [...]
Britain’s quiet FinTech revolution has begun – and we’re determined to back it March 9, 2015 Whisper it, but there is a quiet revolution going on in British banking. If you don’t work in the financial world, you may never even have heard of the UK’s burgeoning financial technology or “fintech” sector. And you almost certainly won’t know about the opportunities it offers. So what is fintech? For me, it is [...]
Be open and thrive: Why Mexico shows Britain has massive export potential March 9, 2015 After hosting the first “Mexico Day” business summit at the Mansion House, followed by the State Reception for President Nieto of Mexico in the Guildhall when he visited the UK last week, now seems an opportune moment to reflect on our trading relationship with the rest of the globe. Looking at Mexico’s economy, things are [...]
As Eurozone QE kicks off today, is it a necessary ingredient for a sustainable European recovery? March 9, 2015 Jennifer McKeown is senior European economist at Capital Economics, says Yes. Mario Draghi sounded smug last week as he announced the start of his QE programme, pointing to recent improvements in business confidence and credit conditions as signs that it’s already working. Meanwhile, the continued depreciation of the single currency has raised hopes of a [...]
