Trouble at the Farage family dinner table as one of Nigel Farage’s sons could vote against Brexit May 3, 2016 UKIP leader Nigel Farage may be looking for some quality father-son time before the EU referendum this June, as he claims his son is backing Remain. Farage Sr had something of a senior moment last week when he accidently tweeted support for David Cameron and the campaign to stay in the EU. But now it looks like [...]
Management consultancies could keep women in sector with innovative and flexible ways of working April 28, 2016 Management consultancies have a "huge opportunity" to attract back women who have left the industry, but must fully embrace more innovative and flexible ways of working, according to a new study. A huge pool of talent is being lost in the consulting sector, as women who leave have on average eight years worth of experience, [...]
Speculation mounts as BHS teeters on the brink April 22, 2016 Speculation mounted this afternoon that BHS was close to appointing administrators, just weeks after the company completed a company voluntary arrangement (CVA). Reports from Retail Week suggested the retailer, which was sold for £1 to the previously unknown Retail Acquisitions by Sir Philip Green in March last year, was on the brink of bringing in [...]
Hiscox just stole the man from the Pru as it announces Aki Hussain as its new chief financial officer April 22, 2016 Hiscox, the FTSE 250 and Lloyd's of London insurer, has appointed Aki Hussain as its new chief financial officer (CFO) this morning – poaching the chartered accountant from rivals Prudential. Hussain spent seven years at the Pru after starting his career with big four accounting firm, KPMG, and will be responsible for developing Hiscox's financial products and overseeing its [...]
Goldman Sachs, JP Morgan and Bank of America have all seen their stock climb recently – but the big banks are not out of the woods yet April 20, 2016 Shares in Goldman Sachs sprang out of bed in New York yesterday, as traders reacted to first-quarter results that were not quite as miserable as Wall Street had been expecting. Lowering expectations ahead of a dreaded event is a tried and tested method, within and beyond the business world, and it has worked a treat [...]
Saddest job ever? Tata Steel appoints new UK chief executive April 18, 2016 They say the UK's workforce is getting flightier, but this is just ridiculous. Tata Steel said today it has hired a new UK chief executive – to oversee the company during its final days in the UK. In a statement today, the company said it had appointed Bimlendra Jha, currently a member of the executive committee of [...]
Housebuilders outside of London are unfazed by prospect of a Brexit despite warnings over industry slowdown April 18, 2016 HOUSEBUILDERS across the UK are unconcerned about the effects of a British exit from the European Union, but in London there are fears that it could worsen the capital’s housing crisis. Just 31 per cent of British housebuilders said they are worried about a so-called Brexit, compared to 49 per cent who are not worried, [...]
Are global banks in trouble? These three charts show which lenders are suffering the most April 15, 2016 Better than expected results for Citi Group rounded off a week during which banks in the US reported slumped results, while the IMF and consultancy KPMG questioned the financial recovery. “Expectations were for $1.05. We got $1.10,” said Joshua Mahony, Market Analyst at IG, a global leader in online trading of the per share value. “People [...]
Three technologies which will change the world April 14, 2016 “Disruptive technologies” – a phrase we are hearing increasingly, but what does it mean for infrastructure and the world around us? How and when should we – business, industry, engineers, policymakers, academia– respond and how do we keep up? New technologies are emerging at a seemingly relentless pace. The McKinsey Global Institute’s definition spells it out. Disruptive [...]
UK banks have yet to address the elephant in the room: Their current business model is unsustainable April 14, 2016 It was another tough year for UK banks in 2015, and the challenges look set to continue. Our high-street banks are at a vital juncture: they’ve survived the crisis and are now preparing for one of the biggest overhauls of UK banking we have ever known with the introduction of ring fencing. KPMG analysis out today [...]