These are the seven deadly sins of the workplace February 17, 2017 Perhaps it was inevitable that someone would try to rebrand the seven deadly sins. After all, it’s 1,700 years since monk Evagrius Ponticus came up with the eight evil thoughts generally credited with the concept. These were whittled down to seven by Pope Gregory I in AD590 – vainglory was the one to go. Now [...]
Big five banks run up £100bn bill in bad loans and legal costs over the last five years February 16, 2017 The UK's big five banks, which report full-year results next week, have run up a bill of nearly £100bn over the last five years for a toxic mix of fines and bad loans according to a new analysis. However, the era of sour loans and megafines that dwarf the banks' dividend payouts could finally be [...]
Fears grow for Toshiba as it delays nuclear writedown and earnings announcement February 14, 2017 Shares in Toshiba fell over eight per cent in overnight trading after the conglomerate unexpectedly pushed back an announcement on its quarterly earnings and details of a mammoth writedown of its nuclear business. Investors were waiting with bated breath for the announcement, due today at 3am GMT (12pm Japan time) with the market expecting a charge of [...]
This is our best chance to scrap the toxic American tax law that makes pariahs out of US citizens February 9, 2017 We have President Trump in our sights. Having this week officially launched the Washington DC-based Campaign to Repeal FATCA, we’re lobbying to have America’s toxic, imperialistic global tax law swept into the dustbin of history. I’ve been an outspoken critic of the Foreign Account Tax Compliance Act (FATCA) since it was rushed through Congress by [...]
Government kicks off next stage of £12bn student loanbook sell-off February 6, 2017 The government formally kicked off the next stage of its bid to sell £12bn-worth of student loans today. City A.M. revealed bankers from Barclays had been appointed to advise on the deal last month. Read more: Bankers appointed by government for latest student loans sell-off push The sale, which is being structured as a securitisation, is being [...]
Industry groups call on chancellor Philip Hammond to cut businesses some slack in the Spring Budget next month February 6, 2017 Businesses large and small are calling on chancellor Philip Hammond to ease the mounting burden on firms in next month's Budget. Business rates, the apprenticeship levy, the national living wage and pensions auto-enrolment are some of the rising costs highlighted by two influential business groups today. In its submission to the Treasury ahead of the Budget [...]
UK firms could face £2,600 in additional employment costs, warns Federation of Small Businesses February 6, 2017 UK small businesses could face £2,600 in additional employment costs, the Federation of Small Businesses has warned. The business lobby group called on UK chancellor Philip Hammond to use the upcoming budget to help small businesses tackle soaring employment costs. In its submission to Hammond ahead of the 8 March budget, the FSB has urged action [...]
The 10 jobs where you’re most (and least) likely to be replaced by a robot February 5, 2017 It looks like you better get into some sort of medical related career if you want to avoid robots replacing you, but even Homer Simpson would likely be out of a job in future. Doctors, surgeons, audiologists, prosthetics makers and occupational therapists are among the more than 200 middle class jobs least likely to be lost to automation, according [...]
More than Just enough: JRP beats market expectations for margins and its own on costs February 2, 2017 Shares in specialist insurer JRP Group jumped over four per cent on the news profit margins had beaten guidance and the group's merger with Partnership Assurance is delivering better than expected results. The figures New business numbers for the full year were down by 11 per cent at £2.4bn. The primary driver of this was [...]
With reports Barclays has chosen Dublin for its EU HQ, will Ireland be the beneficiary of any City Brexodus? January 30, 2017 Daniel Mahoney, head of economic research at the Centre for Policy Studies, says Yes. Although Theresa May has provided a degree of clarity on the Brexit negotiations, remaining uncertainties mean that financial service firms will, inevitably, seek to implement some restructuring and contingency planning. Ireland is well placed to take advantage of this. Ireland shares [...]