The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
Deferred pay-offs: Executive pay should be linked to long-run performance December 1, 2015 With activists anxious for the UN’s climate change conference in Paris to reach an agreement limiting the average global temperature increase to 2 degrees above pre-industrial levels, many commentators warn against the catastrophe which awaits us, and the benefits which might come from deferred gratification. Long espoused by successful business leaders, like Amazon’s Jeff [...]
Auditors as you’ve never seen them before: EY’s UK financial services leader Omar Ali explains how the big four firm is shaking up the accountancy world November 30, 2015 Shoreditch: it’s home of hip art galleries, a vibrant nightlife and, following its acquisition of digital design consultancy Seren this summer, some of EY’s most cutting-edge offerings. “We spent a lot of time working out what we wanted to do in digital,” explains Omar Ali, when he meets with City A.M. in the Hackney offices. [...]
Regulatory fines rocket to £2.45bn as watchdogs use new powers to ramp up punishment November 30, 2015 Regulators are flexing their muscles and ramping up punishments for financial misconduct, with fines handed out to companies guilty of wrongdoing rising 271 per cent over the past two years to hit £2.45bn. The size of the average penalty has also increased by 291 per cent, from £10.8m to £42.3m, according to new data from [...]
The self-made mastermind: Malwarebytes founder Marcin Kleczynski on giving away software and what it’s like making half a million bucks at 18 November 29, 2015 After I’d met Marcin Kleczynski, I came across someone who has known and worked with him for several years. A few seconds in and he said to me: “when you meet Marcin, the first thing you think is ‘I might be talking to the next Mark Zuckerberg… but this one’s a lot nicer’”. It’s hard [...]
Autumn Statement 2015: It’s now time for George Osborne to deliver on the tax cut pledge November 26, 2015 It's a tried and tested rhetorical technique: when you have bad news, make out that it’s far worse than it actually is. Lower expectations. Create a sense of doom. And then reveal to your neighbours that, actually, their dog’s not dead – the whining little mutt has only broken its leg. George Osborne had been [...]
CMC Markets IPO around March 2016 November 24, 2015 The long awaited floatation of financial spread betting company CMC Markets won’t happen before March 2016, chief executive Peter Cruddas tells City A.M., following the company publishing a strong set of half year results. Earlier this year CMC hired city bankers Goldman Sachs and Morgan Stanley to bring the company to market amid rumours the float [...]
City Moves for 24 November 2015 | Who’s switching jobs November 23, 2015 OCTOPUS INVESTMENTS The fund manager has appointed Tim Lambert as strategic partnerships manager, with an initial focus on the affordable housing sector. He joins from Parallel Capital, which he founded in 2011. Lambert has also worked as head of consulting at Ducalian, and has held roles at Citywise and Akiko. JP MORGAN ASSET MANAGEMENT The [...]
The global tax report 2015 by Knight Frank and EY: Shanghai and Monaco are where foreign investors are offered the lowest property costs and taxation November 21, 2015 International investors buying foreign property can get the lowest costs in Shanghai, according to a new report. However, it's Monaco that offers the lowest taxation when purchasing a property at both $1m and $10m (£7m). The slowing rate of property price growth in many cities worldwide has made transaction costs and taxation increasingly important factors for buyers. The global tax report 2015 [...]
Oil prices: Massive cost-cutting isn’t enough and the oilfield sector could shrink by a third as EY predicts prices will stay low beyond 2020 November 19, 2015 The oil sector could reduce by a third, as cost-cutting won’t be enough for many companies to survive low oil prices, according to a report out today from EY. “Consolidation is inevitable,” as companies need more than the 20-30 per cent cost-cutting already delivered for the long-term, according to EY, which predicts that oil prices [...]
City Moves for 19 November 2015 | Who’s switching jobs November 18, 2015 EY The professional services firm has appointed partner Gareth James to head up its data and analytics practice within its UK and Ireland assurance business. He joins after 18 years at Deloitte, where he was a UK risk analytics partner since 2011, specialising in and leading on audit and finance analytics. Silicon valley bank The [...]