More proof British business is terrible when it comes to cyber security May 8, 2016 Two thirds of businesses in Britain have been targeted by cyber attacks in the past year while a quarter have experienced a security breach at least once every month, new research reveals. But an astonishing half of firms are still not tackling the issue by identifying the risks they face via audit or risk assessments, once again highlighting how unprepared [...]
City Moves for 5 May 2016 | Who’s switching jobs May 5, 2016 ISS Global provider of facility services for public agencies and private sector companies ISS has named Richard Sykes to the ISS executive group management as regional chief executive western Europe. Effective no later than 1 October, Richard will continue to be based out of the UK in his new role. Currently CEO ISS UK & [...]
Britain’s challenger banks had a bumper 2015 – but now they’re facing the challenges of scale May 4, 2016 Amid the misery and bad news associated with UK banks since the crisis, one of the positive rays of light has been the challenger banks. They have grown quickly, with several listing last year as the sector continues to attract both customer and investor interest. The challengers have also long been feted by politicians as [...]
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, [...]