When do the clocks go back in October 2016 in the UK? Six things you should know about Daylight Saving Time changing to GMT on Sunday October 28, 2016 This weekend, we'll all get an extra hour in bed. At 2am on Sunday, clocks around the country will go back by an hour to 1am. The transition from Daylight Saving Time (DST) to Greenwich Mean Time (GMT) happens every year, and it means lighter mornings and darker evenings for all of us over the [...]
City Moves for 28 October 2016 | Who’s switching jobs October 28, 2016 Capgemini Consulting Capgemini Consulting has appointed Kristofer le Sage de Fontenay as the head of financial services in the UK. Kristofer joins from Atos Consulting where he held the role of head of global financial services. Kristofer has over 20 years’ experience at Atos Consulting where he specialised in the financial services industry, in particular [...]
Millionaire Labour donor John Mills to launch business-driven “Hard Brexit” campaign group October 27, 2016 Millionaire Labour donor John Mills is in early talks to create a new campaign group to push for a so-called “Hard Brexit”. Mills, who campaigned for a Leave vote during the referendum, is looking to corral business figures to back a drive under the banner “Business for Brexit”. The founder of JML has been a [...]
Five things we learned from today’s GDP figures: Could Star Wars have saved us from a post-Brexit slump? October 27, 2016 A surprising set of GDP results came out this morning, revealing that the resilient economy had grown by 0.5 per cent in the last quarter. This was at odds to predictions from the Treasury earlier this year who thought that if the UK voted to leave the EU, economic growth could slow to one per cent. [...]
Spirit of the financial age – 30 years after the City’s Big Bang October 27, 2016 The Big Bang City revolution of 1986 — exactly thirty years ago — was a game-changer that allowed the City to become not only de-regulated but a brave new world of graduate opportunity. Today, it is very different: with much tightened regulation, tough new ‘ring fencing’ of the old casino banking system (separating investment banking [...]
City Moves for 27 October 2016 | Who’s switching jobs October 27, 2016 JLL Richard Howling is set to become new chief operating officer following Mark Stupples’ decision to try something different after over three decades at JLL UK. After 32 years within the business, and having successfully managed the merger and integration of King Sturge with JLL UK, Mark will be leaving at the end of 2016 [...]
The Big Bang 30 years on: How the City of London has changed since 1986 October 26, 2016 Nothing stands still in the City. The world's financial services powerhouse has seen it all, from boom and bust to bouncebacks and Brexit. Its skyline has changed almost beyond recognition over the last three decades, as have the markets it serves. As we mark the 30th anniversary of the so-called Big Bang, we cannot help [...]
Oleg Tinkov reveals an interest in the UK, what he thinks about Apple and has some advice for fintech start-ups October 26, 2016 The billionaire businessman behind one Russia’s largest banks has revealed his interest in setting up in the UK. Although listed on the London Stock Exchange, Tinkoff Bank is Russian-focussed and the second largest credit card issuer in the country. It was set up in 2006 by its flamboyant chairman, Oleg Tinkov, and is Russia’s sole [...]
Thirty years since Big Bang: The deregulation of the London Stock Exchange democratised investing October 26, 2016 Thirty years have passed since the City of London was radically recast by a package of Thatcherite reforms, known as Big Bang. These saw the privatisation of the London Stock Exchange (LSE), allowed outside companies – not just individuals – to become members, and ushered in the automatic quotation of share prices. The product of [...]
One new runway at Heathrow isn’t enough for our ultra dynamic aviation industry October 25, 2016 Few industries have been more dynamic and disruptive than aviation. No one foresaw the rapid shift from propeller planes to jets, the overnight rise of transatlantic jet travel or the 5 per cent cumulative annual passenger growth between 1970 and 2010. Other trends also came as a surprise, including the explosion in airport retail and [...]