Paying lip service to CSR won’t help companies recover lost public trust February 3, 2015 How companies play a part in society and are viewed by the communities they serve remains a crucial challenge for business leaders. Since the financial crisis, confidence that businesses will “do the right thing” has never been lower. Restoring that credibility should be high on the agenda for every leader today. Often, businesses will point [...]
KPMG and chief operating officer fined over ethical standards breach February 3, 2015 KPMG and its chief operating officer James Marsh have been fined by the Financial Reporting Council for breaching ethical standards The auditing firm and its executive were taken to tribunal over Marsh's failure to sell shares in Cable and Wireless Worldwide when he became a partner of KPMG in 2011. The telecoms giant, [...]
City Moves for 03 February 2015 | Who’s switching jobs February 2, 2015 HIG Capital Riccardo Dallolio has been appointed managing director and co-head of European real estate at the private equity investment firm. He previously worked at Axa RE, where he was head of alternatives and special situations, and has also held roles at JP Morgan and Grove International Partners. Coutts The private bank has announced the [...]
London airport expansion: Parties must pledge action now before we fall further behind February 2, 2015 Today, the Airports Commission’s public consultation on the three shortlisted proposals for airports expansion – which include a third runway at Heathrow, extending an existing Heathrow runway, or a second runway at Gatwick – at long last comes to an end. By the time Sir Howard Davies publishes his final recommendations later this year, we [...]
Balfour Beatty reveals £800m contract win from Thames Water February 2, 2015 Balfour Beatty has secured a major deal with Thames Water to maintain and install water infrastucture across the utility firm's network. The five-year project is a joint venture with Skanska and MWH Treatment (known as SMB). The contract as a whole is worth £800m and will be worth around £265m to Balfour Beatty. Once it has [...]
Failure to save is socially irresponsible: Only bold policies will fix this crisis February 1, 2015 PEOPLE are not saving enough. We hear that all the time and yet we ignore this uncomfortable truth and carry on with our daily lives. Only half of us have a pension scheme and, even allowing for other savings and investments, most of us have probably not put away enough, especially given the spiralling cost [...]
UK school league tables: City-backed Hackney Academy goes to top of the class as Eton, Harrow, Winchester and St Paul’s fall January 29, 2015 Some of the top names in UK education have seen their positions in league tables plummet, after a change in how they are calculated. Eton, Harrow, Winchester and St Paul’s all received zero per cent against the government’s new benchmark of five good GCSEs including English and maths – because pupils at those coveted schools [...]
City Moves for 30 January 2015 | Who’s switching jobs January 29, 2015 Standard Chartered Aaron Russell-Davison has been appointed head of debt capital markets at the bank. He joined Standard Chartered in 2009, and has worked as head of Asian bond syndicate, global head, bond syndicate, and most recently as head of capital markets, ASEAN. UBS Global Asset Management Rachel Hill has been appointed UK business development [...]
Alpari UK clients may have to wait six weeks to access funds January 26, 2015 Customers of forex and spreadbetting site Alpari UK could have to wait four to six weeks before they can re-access their funds, one of the bidders to buy parts of the collapsed firms warned yesterday. Administrators from KPMG are pooling client funds, and will pay clients the money from their accounts when it is certain [...]
Exclusive: Fifty suitors bid for remains of FX firm Alpari UK January 26, 2015 More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and Russian arms are thought to be most involved. Firms including ETX Capital, Oanda, Iron FX and [...]