Management shake-up see Knowles made co-chair of DLA Piper February 4, 2014 All change at DLA Piper. The UK-headquartered law firm has announced that global co-chairman Tony Angel will step aside next year after just one term in the role, to be replaced by co-chief executive and managing partner Sir Nigel Knowles from May next year. Knowles will be joined at the top by Roger Meltzer, the [...]
Ex-RBS boss Hester moves to CEO job at insurer RSA February 4, 2014 Former boss of the state-backed bank RBS, Stephen Hester, has been appointed at the head of insurance group RSA. He starts with immediate effect, and says that he is "delighted to be asked to lead RSA, an organisation with a 300-year heritage." Hester said that the "challenges of recent months have demonstrated that we have [...]
How one company is making it easy to pay staff in Bitcoin February 4, 2014 Employees who have been wishing they could switch their monthly pay packet from government controlled currency to Bitcoin may now be able to do so, thanks to the world's largest digital currency payment processor. Bitpay has introduced Bitcoin Payroll API – which allows employers to offer employees, as a payroll benefit, the chance to receive [...]
Osborne says US and emerging market risks still threaten recovery February 4, 2014 Chancellor George Osborne has described recent US economic data as a "little soft", after two important surveys of US manufacturing failed to meet expectations yesterday. Markit and ISM purchasing managers' index results suggested that manufacturing growth in the US is starting to slow down. With PMIs coming in at 53.7 and 51.3 respectively for [...]
Here’s how Microsoft’s new CEO pick signals a change in direction February 4, 2014 Microsoft’s new chief executive Satya Nadella comes from an entirely different background to the executives who led Microsoft previously. Steve Ballmer, who Nadella replaces, comes from a sales background having worked in the company’s Sales and Support division from 1992 to 1998 where he made his name as a prominent salesperson and evangelist of the [...]
Microsoft’s new boss must fight to turn the tech giant around. Here’s why February 4, 2014 While many commentators are excited by the appointment of Satya Nadella as Microsoft CEO – he's from the company's freshest and most forward looking division – the new chief will have his work cut out for him. Ishaq Siddiqi, market strategist at ETX Capital, suggests that while the candidate has a strong track record from [...]
Microsoft names Satya Nadella as next CEO February 4, 2014 Tech giant Microsoft have named Satya Nadella as their next CEO. Nadella was widely considered to be the front runner for the post, and has become the company's third boss, replacing Steve Ballmer. The search for the next chief took nearly 24 weeks, and Microsoft founder Bill Gates says there's "no better person to lead [...]
Microsoft’s next CEO has 4 huge challenges to face February 4, 2014 As rumours surrounding Microsoft’s next chief executive continue to swirl, we take a look at the four big challenges they're set to face. 1. Mobile Microsoft’s success in mobile with Windows Phone has been mixed, on the one hand its share of sales in Europe is hovering around ten per cent, and on the other [...]
MPs blast watchdog’s “Nuremberg defence” February 4, 2014 Junior bankers should not be allowed to claim they were “only obeying orders” when they mis-sell financial products to consumers, MPs said today in a row with the Financial Conduct Authority. Allowing front line sales staff to use the excuse amounts to a “post-modern Nuremberg defence,” said Mark Garnier, an MP on the Treasury Select [...]
The cheapness of emerging market stocks in 1 chart February 4, 2014 Emerging market stocks are cheap, say Bank of America Merril Lynch analysts, and they've got this fun chart to make the point. Chart oversells EM cheapness, but 'Atlas Mugged' so plaudits to BAML. pic.twitter.com/ZW8uw1vg3o — Paweł Morski (@Pawelmorski) February 4, 2014 Comparing the entire free float market cap of emerging market countries to individual [...]
