Bad numeracy is a black mark for British prospects April 9, 2012 LAST month saw the launch of a small charity with a big ambition – to improve the state of numeracy in the UK. National Numeracy aims to draw attention to a problem known about for decades but which, despite periodic hand-wringing, we’ve not yet fixed. Nearly 17m people in England – almost half the working-age [...]
CITY MOVES WHO’S SWITCHING JOBS April 4, 2012 Universal Music The music company has promoted Laurence Hulin to vice president, emerging markets, effective immediately. Hulin will report to Olivier Robert-Murphy, global head of new business in the Universal Music Group. Hulin joined Universal Music in 2005, and for the past two years has served as vice president, business development. He has more than [...]
Canary Wharf will be open for business during the Olympics April 1, 2012 CANARY Wharf Group yesterday stressed that it would be open for business during the Olympics, following reports the government is pushing for financial services staff to work from home in order to ease travel congestion while the Games are taking place. More than 300 Boris Bike docking stations will be available, while an extra 170-seater [...]
Non-execs say boards are not utilising them April 1, 2012 ALMOST half of non-executive directors feel their knowledge and experience is not being used to the full, according to a new study. Some 46 per cent of those polled in the Korn/ Ferry Whitehead Mann and KPMG survey felt under-utilised by the boards they sit on. The research, which involved 300 non-execs from FTSE 350 [...]
Wellington master hires No 10 aide for schools plan March 28, 2012 ANTHONY Seldon, a biographer of Tony Blair, a guru in happiness and the master of the private school Wellington College, is moving full steam ahead in his ambition to establish a network of Academy schools. Wellington has already opened one college, Wellington Academy, with the help of a £2m donation from the ex-Goldman Sachs partner [...]
CITY MOVES | WHO’S SWITCHING JOBS March 22, 2012 Allanfield The specialist insurance broker has announced the appointments of Paul Leader and Paul Williams as managing directors of companies in the Allanfield Group. Leader joins in June from global insurance broker HW Wood, where he was director with responsibility for the real estate and commercial teams. Williams joins, with immediate effect, from Gallagher Health [...]
WorldSpreads workers laid off as firm winds up March 20, 2012 WORLDSPREADS administrator KPMG put most of the defunct betting firm’s staff out of their jobs yesterday as it began work to wind up the company. Fifty two of the spread betting firm’s staff were laid off, leaving 12 to help find millions in missing client money and divvy up its remaining assets. It is understood that KPMG [...]
WorldSpreads clients await losses as ETX eyes up assets March 19, 2012 ETX Capital is poised to mop up leftover assets from the spectacular collapse of its rival WorldSpreads as the firm’s administrators start work on finding millions in missing client money. ETX, a rival to spread betting firm WorldSpreads, which went into administration over the weekend, is most interested in snapping up technology assets and the [...]
Where’s my money? What to expect if you had a WorldSpreads account March 19, 2012 ● STAKE YOUR CLAIM Administrator KPMG will have details of all account-holders but you can call them to get any further information and make sure you are in line to receive further updates. The relevant number is 020 3284 8829 and you can check for news on www.worldspreads.co.uk. ● UNDER £50,000? DON’T WORRY Under the terms of the Financial [...]
KPMG called in to clear up the mess March 19, 2012 FRESH from its appointment to administrate MF Global UK, KPMG is back in the spotlight as the firm to come in and clean up the mess left by the collapse of WorldSpreads. The two cases both involved alleged mixing of client and company money, but while MF Global was a huge multinational broker, WorldSpreads is a relatively [...]