MPs urge government to do more to cut taxpayer costs for EU penalties April 27, 2016 A group of MPs has today criticised the government for not doing enough to shield taxpayers from fines paid to the European Commission. The report by the Public Accounts Committee (PAC) found that government had been hit with at least £650m in penalties over the last decade for spending EU funds improperly. "Government inaction on [...]
Blue chip bosses are a bunch of bean counters, number crunchers, and spreadsheet gurus April 27, 2016 What's the best gift you can get your boss? New research released today would suggest a calculator or an "I heart spreadsheets" mug. A study by specialist recruiter Robert Half found that nearly a quarter (23 per cent) of chief executives at FTSE 100 firms are chartered accountants, while more than half (55 per cent) have a background [...]
Inflows and funds under management up for St James’s Place, and new mortgage products announced April 26, 2016 St James's Place revealed what it called a "strong" set of results today, as well as formally announcing the launch of a new mortgage offering. The wealth manager reported group funds under management of £62bn for the three months ended March 2016, up from £55.8bn the year before, while gross inflows increased to £2.5bn, up [...]
Emails between staff about fixing Libor were “improper”, says former Barclays senior executive April 26, 2016 A former senior executive at Barclays has today called emails between staff at the bank about setting Libor to better suit their trading position "improper". Eric Bommensath was formerly global head of fixed income at the bank and today gave evidence in a trial against five former Barclays employees accused of offences relating to manipulating US-dollar linked [...]
People would leave big cities if they knew their professional life wouldn’t suffer for it, but poor connectivity leaves many dreams of countryside living unrealised April 26, 2016 Many workers would gladly swap city streets for a breath of countryside air if they weren't so concerned about their job prospects, a study out today has found. The research by Citrix, seen exclusively by City A.M., found that over half (54 per cent) of the 1,243 workers they surveyed would move to a more rural [...]
DLA Piper global co-chief executive Simon Levine explains why he doesn’t fear the EU referendum and why it won’t dull his firm’s international feel April 25, 2016 It's 31 December 1999 and several people are praying that the millennium bug won’t cause the world as we know it to grind to a halt. Simon Levine is one of them, because the intellectual property lawyer is on call in case clients suddenly find their systems rendered unusable and he’s already a couple of pints into [...]
Jury on Operation Tabernula case retires to consider verdict April 25, 2016 The jury on the Tabernula case, involving five former financial services professionals accused of insider trading, was retired to consider its verdict today. Accountant Andrew Hind, former Panmure Gordon stockbroker Andrew Grant Harrison, private day trader Benjamin Anderson, former managing director at Deutsche Bank Martyn Dodgson and former Aria Capital director Iraj Parvizi have been charged with conspiracy to insider [...]
