London Report: Unemployment figures set to show recovery July 14, 2014 UNEMPLOYMENT figures this week are expected to show that the number of people out of work has dropped again, as the UK recovery takes hold. Jobs data is likely to show an unemployment rate of 6.5 per cent in the three months to May, down from 6.9 per cent in the quarter to February. Despite [...]
The in-house agency: Oliver Marketing CEO Simon Martin on the new media model July 13, 2014 Traditional ad and media agency models are under pressure – this everyone knows. But while some executives are nervously looking over their shoulders at the tech giants and consultancies, the in-house agency model is also shaking things up. According to the Association of National Advertisers, nearly 60 per cent of clients used in-house [...]
City Moves for 11 July 2014 | Who’s switching jobs July 10, 2014 BNP Paribas Real Estate The property adviser has appointed Pippa Evans as UK HR director. She has most recently been working on an interim basis at HSBC. Evans was also formerly HR director at Liberty Mutual Insurance Europe, and senior HR business partner at Schroders Asset Management. KPMG The professional services firm has announced two [...]
Moulton among possible Unipart rescuers July 8, 2014 CAR PARTS distributor Unipart Automotive is in talks with several potential rescuers as it tries to stave off administration. The British firm has put KPMG on standby as administrator, but hopes to get a cash injection in the next few days. Jon Moulton’s investment firm, Better Capital, is among the groups in talks to invest [...]
Massive surge in salary increases contradicts government figures July 7, 2014 New salaries are surging, according to a major survey of recruiters, clashing with the government’s official measure of wage growth and providing an uncertain signal on when interest rates will start to rise. The latest figures from the Recruitment and Employment Confederation (REC) and KPMG’s survey show starting salaries climbing at the fastest pace in [...]
Pour de France: London battles rain to take in race through City July 7, 2014 At approximately 3.30pm yesterday, work in the City and Canary Wharf came to a grinding halt as bankers shuffled out on to the streets to get an oh so fleeting glimpse at Le Tour. The race was held up by roughly half an hour and there was a bit of grumbling as the heavens opened [...]
City Moves for 24 June 2014 | Who’s switching jobs June 23, 2014 Colliers International Chris Monkhouse has been appointed as a director at the commercial real estate services firm, and will head up its minerals, energy and waste management team. Monkhouse joins from GVA, where he spent 12 years. Gazprombank Asset Management Igor Kan has been appointed vice-president and head of structured products for portfolio management and [...]
Banks second only to e-tailers for good service June 23, 2014 CUSTOMER service at banks around the world appears to be better than many people would think, after being placed second in a report of various industries – although for UK banks there was less happy news as they were found to have lagged behind other regions. Some 40 per cent of global respondents said they [...]
Fog of red tape to clear up for fund managers June 23, 2014 THE PACE of regulatory change in fund management is slowing, despite growing scrutiny of the sector’s role in shadow banking, a flagship regulation report released today says. A raft of post-financial crisis regulations have been inked over the past 12 months, giving managers greater certainty on what is expected of them, KPMG says in its [...]
Optimism about London’s economy grows – and east is where it’s at June 19, 2014 Optimism about London's economic growth remains high, according to a business survey by CBI and KPMG. Although a slight decline from last year's 70 per cent, it showed that 65 per cent of businesses are currently positive about the future of the economy, with 79 per cent rating London as a good, or very good, [...]