City Moves for 28 January 2016 | Who’s switching jobs January 28, 2016 Horizon Software Horizon Software has announced that Sylvain Thieullent has been appointed the new chief executive, while Jean-Marc Delfarguiel, the founder of Horizon, becomes the company’s president. Horizon provides electronic trading solutions and algorithmic technology to the world’s exchanges, banks, brokers and fund managers. Sylvain was previously the EMEA head of electronic trading at Horizon. [...]
Megacity London: Our next mayor needs the ambition to match the scale of the challenge January 28, 2016 The next mayor of London will have some difficult decisions to make. Forecast to reach 9m residents by 2020 and 10m by 2030, the capital’s soon-to-be status as a “megacity” will bring with it both significant challenges and opportunities. This evening, the main candidates standing to be the next mayor will be setting out their [...]
Bank shares overvalued as Eurozone leans on Germany and France struggles January 28, 2016 Most European bank shares are overvalued, according to more than half (54 per cent) of UK fund managers polled by accountancy giant EY. German banks managed to buck the trend however, with two-thirds of managers polled believing them to have the best growth prospects in Europe. On top of that, 80 per cent rated the [...]
City Moves for 26 January 2016 | Who’s switching jobs January 26, 2016 Ashurst Global law firm Ashurst has strengthened its international arbitration team with the appointment of Matthew Saunders as a partner in the dispute resolution practice, based in London. Matthew joins from DLA Piper, where he was global head of its international arbitration group and was one of the partners responsible for founding the practice. He [...]
Job interview questions from some of the UK’s top accountancy firms, including PwC, Deloitte, KPMG and EY January 20, 2016 If yesterday's banking interview questions left you in a tizzy, maybe accountancy is more your cup of tea. City A.M. went back on careers website Glassdoor.com to find out just what calibre of questions wannabe bean counters and spreadsheet drafters could expect from their potential employers. PwC Senior accountant: If you were to be re-incarnated as an animal, [...]
As Penguin scraps degree requirements for all jobs, should other employers follow suit? January 20, 2016 Maggie Stilwell, managing partner for talent at EY, UK & Ireland, says Yes. To modernise the workplace, fit for the present and future, major employers must take a long hard look at their recruitment processes, which are often outdated. With many citing a skills shortage as a major threat to their growth plans, it’s time to cast [...]
EY survey shows fraud is on the rise as firms keep watch on staff January 20, 2016 Firms in the UK are increasingly worried their own employees are going to commit fraud against them with internal threats main concerns, a survey from EY has shown. One of the biggest worries that firms expressed were that employees would submit false travel and entertainment expenses, said 65 per cent of respondents. Executives surveyed by [...]
UK house prices: Property price growth will slow over next three years, EY Item Club predicts January 18, 2016 House price growth will slow over the next three years, according to new forecasts, as continued growth puts owning a property out of reach for many. Property prices are expected to rise by 6.5 per cent this year, new analysis by EY Item Club predicts. That growth will continue in 2017 and 2018, but at a more [...]
UK economy on track for growth despite global turmoil, EY Item Club forecasts January 17, 2016 Consumer spending will help fuel UK economic growth in 2016, according to new forecasts, painting a more positive picture amid global market turmoil which has wiped trillions from global equities this year. The economy is expected to grow at an accelerated rate of 2.6 per cent in 2016, up from 2.2 per cent last year and previous forecasts [...]
Deal spree to provide relief to the City with Shire on verge of tie-up with Baxalta January 11, 2016 A string of mega deals is set to provide welcome relief to the City after a rocky start to the year saw £85bn wiped off the value of the UK’s biggest firms in the first trading week of 2016. London-listed pharmaceutical giant Shire is on the verge of inking a £22bn deal with US rival Baxalta, [...]