Recruitment firm Hays fees drop amid dire jobs market August 27, 2020 Recruitment firm Hays reported a drop in its annual net fees as the jobs market readjusted to the coronavirus pandemic. The figures Hays reported that profit before tax plunged 49 per cent from £246.3m to £126.2m, while operating profit dropped 46 per cent to £135m. Group fees fell 11 per cent for the year as [...]
Tiktok boss Kevin Mayer quits over looming Trump ban August 27, 2020 Tiktok chief executive Kevin Mayer has quit the hit video-sharing app over a looming ban rolled out by US President Donald Trump. In a note to employees Mayer said political pressure from the White House had changed the global nature of his role. “In recent weeks, as the political environment has sharply changed, I have [...]
UK hospitality firms predict 41 per cent drop in summer sales August 27, 2020 UK hospitality firms are predicting a 41 per cent drop in sales over the summer months, although businesses are optimistic that trade will pick up this winter. According to the latest research, six per cent of hospitality and leisure sector companies are confident about growth this summer. However confidence surges in the winter months, with [...]
US accuses China of ‘bullying’ UK and hits out at HSBC August 26, 2020 The United States has accused China of “bullying” the UK and its companies, citing reports that HSBC has blocked Hong Kong-based executives from using their bank accounts. US Secretary of State Mike Pompeo tweeted: “The United States is dismayed to learn the Chinese Communist Party [CCP] continues to bully our British friends and their corporate [...]
Gender Diversity and M&A Outcomes: An Interview with Marianne W. Lewis, Ph.D. August 26, 2020 For the SS&C Intralinks Deal Flow Predictor for Q2 2020, we spoke to Marianne W. Lewis, Ph.D., about a new Intralinks research report, Gender Diversity and M&A Outcomes: How Female Board-Level Representation Affects Corporate Dealmaking. This report, based on a 20-year global study of more than 16,700 M&A transactions, discusses the findings of recently completed research into [...]
What is the “New Normal” For Oil & Gas August 26, 2020 Aftershocks of the bitter Saudi Arabia-Russia oil–price dispute and subsequent negotiated production cuts to stabilize plummeting oil prices into July, fueled by a massive plunge in demand due to the COVID-19 pandemic, have created an unparalleled environment for M&A in the Oil and Gas industry. Our recent virtual roundtable discussion, co-moderated by Molly Smith, sales manager at [...]
Intralinks INsights August 26, 2020 Welcome to Intralinks INsights SS&C Intralinks is the pioneer of the virtual data room (VDR), enabling and securing the flow of information by facilitating M&A (mergers and acquisitions), capital raising and investor reporting. Over the past 24 years, Intralinks has earned the trust and business of more than 99 percent of the Fortune 1000 and has [...]
A CEO’s guide to reaching net zero carbon emissions August 26, 2020 Former Bank of England governor Mark Carney warned last year that: “companies and industries that are not moving towards zero carbon emissions will be punished by investors and go bankrupt.” I would add customers and employees to that statement: a Net Zero commitment is becoming an expectation for companies they will buy from or work [...]
The corporate bond market is set for a record year — but also a dangerous and dysfunctional one August 26, 2020 2020 is going to be a record year for the corporate bonds market. New issue investment grade volume in the first half of the year exceeded $2.5 trillion. Records are also being broken in high-yield junk debt, despite a rising corporate default rate. Last week, the US primary market broke through $1.3 trillion of new [...]