Five stocks to watch following the Brexit market meltdown June 30, 2016 The UK’s stock market has quickly and efficiently established a pecking order in the wake of the EU referendum vote. Low-volatility stocks, defensives and dollar earners have generally done well, or at least much less badly, than cyclicals and, domestic plays such as retailers, banks and house builders. In addition, gold and silver miners have performed extremely [...]
City Moves for 29 June 2016 | Who’s switching jobs June 29, 2016 Plus500 Plus500, an online service provider for retail customers to trade CFDs internationally, has appointed Penelope Ruth Judd non-executive director of the company and a member of the board of directors. Penelope is a chartered accountant with over 30 years of City and financial services experience specialising in compliance, governance, regulation, corporate finance and audit. She is currently managing director [...]
Retailers’ share prices are on the up as markets recover slightly June 28, 2016 Shares in retailers including Next, M&S and Associated British Food were on an upward trend this morning as stock markets recorded their first gains since the UK voted to leave the European Union. In morning trading, M&S' share price was up 5.10 per cent, Next's rose 8.40 per cent and Associated British Foods' shares climbed [...]
Hold onto your hats: Banks in for a bumpy ride following the Brexit vote June 26, 2016 The banking sector is most likely bracing itself for a beating following last Friday's EU referendum result. The UK's decision to leave the EU places the passporting rules – which essentially allow UK banks to operate throughout the European Economic Area without restrictions – in doubt, which could ultimately result in fewer bankers on the streets [...]
Before the bell: What you need to know before the US market open June 23, 2016 Polls are open for the UK's European Union membership vote. Markets are betting people will opt to stay however and rallying around the world. Here's what you need to know before the US market open at 2:30pm London time. In the pre-market the S&P is up by 0.95 per cent, while the Nasdaq is one per cent higher. [...]
Steel pension rule changes should be open to all, says Aon, on the day the British Steel Pension Scheme consultation closes June 23, 2016 Any changes to pension rules should apply across the board and not just to select industries, Aon Hewitt has told the government. The consulting giant has today revealed that, in its response to a Department for Work and Pensions consultation examining possible changes that could be made to the British Steel Pension Scheme, it advised that [...]
City Moves for 22 June 2016 | Who’s switching jobs June 22, 2016 Blackwell’s Independent bookseller Blackwell’s has confirmed the appointment of its head of operations, Kate Stilborn, to the company’s board in the newly created role of customer service & operations director. Kate, who has been with Blackwell’s for 23 years, will oversee its commitment to delivering excellence in customer service across multiple channels, including online, and [...]
Do you work for one of the UK’s 25 most attractive employers? June 21, 2016 It's causing fevered debate in offices. Politicians are clashing over it. The cats of social media are up in arms about it. Yep, LinkedIn's list of the UK's top 25 most sought-after employers is out – and the good news is that City institutions are faring pretty well. The list, based on analysis of the site's 20m members, [...]
London needs to up its quality of life to compete internationally June 21, 2016 Londoners interact with different elements of the city, and seemingly different centuries, on a daily basis. On one hand, London is the tech capital of Europe. Since 2010, the number of digital businesses in east London's Tech City alone has soared from 250 to over 3,000 according to Gerard Grech, chief exec of Tech City [...]
What will happen to UK equities if we leave the European Union? June 21, 2016 The pound and the FTSE soared yesterday, as the Remain camp wrestled back its lead in the polls. But the outcome of Thursday’s EU referendum is far from clear, with pundits saying that voter turnout will be pivotal in determining whether the UK stays or leaves. If Article 50 is triggered and sterling dives, what should [...]