The City View: Harry Hearn on rowing the Atlantic July 6, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today City A.M. Deputy Editor Andy Silvester talks to Harry Hearn, a City recruiter about to embark on the challenge of a lifetime: rowing the Atlantic Ocean. He’s raising funds for a charity in Vietnam as well as mental health charity MIND, and Harry & Andy talk big swells, [...]
Asian stocks climb to four-month high on US jobs data July 3, 2020 Asian stocks rallied to a four-month high today on robust US payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the US kept a lid on further risk-taking. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5%, reaching their highest level since late February, [...]
Tech chiefs to appear before US Congress in July antitrust hearing July 2, 2020 The chief executives of Google, Apple, Amazon and Facebook will all testify before a US Congress panel later this month, as scrutiny of competition in the tech sector ramps up. An approximate date of 27 July has now been set for the group to appear, sources told Reuters, with all four chiefs having been made [...]
Move over, US: time for a new stock market leader? July 1, 2020 The US has dominated stock market returns globally ever since the Global Financial Crisis. But nothing lasts forever… Dominance in almost any walk of life goes in cycles. Just ask Manchester United fans or MySpace users… Well, the same can be said of markets. They also go through periods when certain regions (or companies) seem [...]
Competition watchdog pressures government to take on tech giants July 1, 2020 The Competition and Markets Authority (CMA) has said existing UK laws are not suitable for effective regulation, calling on the government to overhaul its structure so it can better tackle tech market dominance. The watchdog said it needs more support to govern the behaviour of “major platforms funded by digital advertising, like Google and Facebook”, [...]
Smith & Nephew spies recovery despite falling sales July 1, 2020 Medical technology firm Smith & Nephew said it expects to slowly recover from the impact of the coronavirus pandemic, as revenue fell in line with earlier expectations. Sales for the second quarter were down 29 per cent overall. However across the period, it reported underlying revenue declines of 47 per cent in April, 27 per cent [...]
The City View: Rupert Soames, CEO of Serco, says private sector has ‘proven itself’ during crisis July 1, 2020 In this episode Christian talks to Rupert Soames, CEO of the outsourcing giant Serco, about the private sector’s relationship with government. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Serco, which manages the government’s coronavirus test and trace system, has been on a dramatic turnaround in recent years, something which Soames says was made possible by a commitment to excellence [...]
Wirecard UK fallout lessens June 30, 2020 Readers will be very familiar with the €1.9bn Wirecard scandal that has rocked Germany, firmly placed a spotlight back onto the world of auditors and dangerously caused pause for thought for Fintech firms in the U.K. from a regulatory standpoint. As of this morning at 00.01 the FCA resumed Wirecard Solutions’ regulated activities which meant [...]
Netflix to spend $100m on racial equality initiatives June 30, 2020 Netflix has said it intends to set aside approximately two per cent of its cash reserves for initiatives focused on supporting Black communities in the US, following widespread racial equality protests worldwide. It will start with an initial tranche of $35m, $25m of which will go into a new fund called the Black Economic Development [...]
The City View: Campbell Macpherson on leadership in times of crisis June 30, 2020 In this episode Christian is joined by Campbell Macpherson, one of the world’s leading business change specialists, Executive Fellow of Henley Business School and author of the 2018 Business Book of the Year ‘The Change Catalyst.’ Subscribe to The City View Podcast: Apple / Google / Spotify / RSS His second book, The Power to Change, is published by Kogan Page this October. Campbell discusses the forces disrupting business [...]