City Moves for 8 June 2016 | Who’s switching jobs June 8, 2016 National Football League UK Melissa Brown, a sales and marketing executive with more than 15 years’ experience in the entertainment industry, has joined the National Football League’s London office to take responsibility for further growing the league’s commercial performance in the UK. Melissa joins the NFLUK office as vice-president of commercial partnerships following a stint [...]
Verizon planning second round bid for Yahoo’s internet business, sending the share price lower as figures fall short of expectations June 7, 2016 US telecoms giant Verizon is reportedly readying a second-round bid for Yahoo's core internet business. The bid is expected to come in ahead of the Monday deadline and will value the business at around $3bn (£2bn), some $2bn under expectations. The lower-than-expected bid sent Yahoo's share price down by around 0.5 per cent in New York. Previously bids [...]
London’s rapid growth fuels our polarised job market June 7, 2016 Last year was another successful one for the capital’s job creation machine. Employment rose by 2.5 percent in 2015, beating the UK-wide rate of two percent, providing work to another 107,400 people. But these gains weren’t evenly shared. Since 2008 London has seen phenomenal growth of very high and very low skilled jobs, whilst those in the [...]
Before the bell: What you need to know before the US market open June 7, 2016 Markets are still cheering Yellen all but taking the June interest rate hike off the table and the Associated Press has called the US Democratic presidential nomination for Hillary Clinton ahead of today's primaries across the country. Here's what you need to know before the market open at 14:30 London time. Markets are still riding the wave [...]
EU referendum: Where does your industry come on the Brexit hit list? June 7, 2016 Had enough of people talking about vague referendum uncertainty and a post-Brexit hit to the UK economy? Suspicious they don't really know what they're going on about? With so many warnings about thousands of pounds lost here, higher costs over there and general panic just about everywhere, it's understandable. In an attempt to get a [...]
How Iglu.com founder Richard Downs is taking on the world in the growing market for cruise holidays June 7, 2016 The internet has turned the travel industry on its head, giving ordinary people unprecedented opportunities to create bespoke holidays that were once the preserve of the rich. But it’s not just online travel warehouses like Airbnb and Expedia that have pushed the traditional agent off our high streets. The internet has enabled specialist providers to thrive [...]
The war on cash is raging – should we welcome or fear the death of hard money? June 7, 2016 Cash is no longer king. Although the Bank of England unveiled a new, polymer-coated £5 note last week, the seemingly unstoppable march towards paper-free transactions continues. Electronic payments overtook notes and coins last year in the UK, according to the Payments Council, an industry body representing the banks and card machine industry. They now account for [...]
Before the bell: What you need to know before the US market open June 6, 2016 Markets are hoping for clarity from Fed chair Janet Yellen later and a British exit from the European Union is looking more likely as a poll gap narrows. Here's what you need to know before the US market opens at 14:30 London time. US stocks are pointing up in the pre-market. The S&P is up by 0.13 per cent, the [...]
A family affair: How Ben and Ollie Black built their childcare empire June 6, 2016 Two minutes with the Black brothers and Laurel and Hardy come up. “You know, ‘another fine mess you’ve got me into’,” says Oliver Black, describing how he initially conceived of working with his brother. “I spent Christmas trying to convince Ollie that I knew about buying a company,” says Ben Black. The pair bought failing childcare [...]
Lastminute.com founder Lady Martha Lane Fox adds “mother” to her extensive CV June 5, 2016 Lastminute.com's co-founder Martha Lane Fox is adding yet another job to her CV – mother of two. The busy Baroness Lane Fox of Soho, who is also on the board at Marks and Spencer, Twitter and Channel 4, is used to juggling more than one responsibility in her career, so rearing twins should be a piece of cake. [...]