Five Tips for Business Success from Five International Women in Finance March 9, 2020 What advice do the top women in finance have for those trying to make their way in the sector? Last year, I interviewed 50 accomplished women from around the world for my 2020 research paper “Top Tips for Business Success,” released on International Women’s Day, 8 March 2020. As it turns out, five of the [...]
If cities like London and Cardiff collaborate, the whole UK will prosper March 9, 2020 Last week, digital bank Starling announced the creation of 400 new jobs in Cardiff. To anyone familiar with the thriving city, it should come as no surprise. The Welsh capital has cultivated an innovative digital and tech centre with particular specialities around life sciences and software technology, as well as fast-growing adjacent industries such as [...]
City Moves for 9 March — Who’s switching jobs at Quintet, Leo Burnett and R3? March 9, 2020 Today’s City Moves includes Quintet, Leo Burnett and R3 Quintet Quintet Private Bank has announced the promotion of Rachel Macfarlane to group head of legal, with immediate effect. Macfarlane joined Brown Shipley in 2018 with responsibility for legal, corporate secretarial and corporate governance work. Prior to that, she served as legal manager at Santander UK [...]
Flybe’s last flight: How Europe’s biggest regional airline met its demise March 9, 2020 At 8.30pm on Wednesday evening, passengers were still being ushered onto planes bearing the indigo livery of Flybe. Half an hour later, members of the cabin crew on one of its last ever flights, from Manchester to Belfast, were crying, having just lost their jobs. “Staff in tears. This is so grim,” tweeted Holly Hamilton, [...]
Prudential plans sale of stake in US arm March 8, 2020 Prudential is planning a sale or partial float of its US insurance business as it faces pressure from an activist hedge fund to focus on Asia. The London-based insurance giant is set to lay out plans to sell a stake in US firm Jackson, which it has owned since 1986, the Sunday Times reported. The [...]
Suitors line up bids for troubled ad agency M&C Saatchi March 8, 2020 Hedge funds and private equity firms are said to be lining up bids for M&C Saatchi as the City prepares to pounce on the embattled advertising agency. Asset management firm Dbay Advisors, which took a controlling stake in Eddie Stobart in December, and Exponent, which owns publishing firm Dennis, are among the suitors circling the [...]
City watchdog outlines tougher climate change disclosures for top firms March 6, 2020 The UK’s top listed firms must disclose how their business is affected by climate change using globally-agreed guidance or explain why they cannot, under proposals outlined today by the Financial Conduct Authority (FCA). Under the plans, firms with a premium listing would have to either make climate-related disclosures in line with the approach set out [...]
Bob Diamond appoints ex-Barclays colleague Rich Ricci to lead Panmure Gordon March 6, 2020 Bob Diamond has hired his former right-hand man from his time at Barclays to head up loss-making stockbroker Panmure Gordon. Diamond appointed Rich Ricci as chief executive of London-based Panmure, which he acquired two years ago. The former Barclays boss will be reunited with 56-year-old American investment banker Ricci, who ran the old Barclays capital [...]
Flybe infected by aviation sector’s malaise March 6, 2020 As ministerial tweets go, the mid-January proclamation by the business and transport secretaries that Flybe’s future had been salvaged will surely endure as among the most ill-judged of Boris Johnson’s government. Barely 54 days later, Flybe has become just another corporate carcass, joining Monarch and Thomas Cook among the airlines which failed to cope with [...]
If the chancellor stands up for small firms, he’ll be standing up for society as a whole March 6, 2020 Ever wondered how much small businesses hand over to the Treasury each year? Try £145bn in corporation tax and VAT alone. Factor in business rates, national insurance contributions, fuel duty, clean air charges and the insurance premium tax, and this big figure becomes, well, astronomical. We small business owners are resilient. We have continued to [...]