City Moves for 2 November 2016 | Who’s switching jobs November 2, 2016 Prudential UK & Europe Prudential UK & Europe has appointed Clare Bousfield to the role of CEO Insurance, subject to regulatory approval. With over 25 years’ experience in the insurance and financial services industries, Clare has built a strong reputation for leading and developing high performing teams across multiple business locations. She was a key leader [...]
Small businesses call for help on flood insurance ahead of winter November 2, 2016 The Federation of Small Businesses (FSB) has backed MPs’ calls for more affordable flood insurance for its members. A new Environment, Food and Rural Affairs Committee report out today recommends the government develops a grant scheme by the end of next year to help small firms install flood resilience measures. The FSB said the committee [...]
Should investors brace themselves for a big stock market fall if Donald Trump wins the US election? November 1, 2016 Adrian Ash, head of research at BullionVault, says Yes. If a friend is now waking up after missing 2016 in a coma, bring them up to speed gently: start with Leicester winning the Premier League at 5000-to-one. The UK’s vote to leave the EU was discounted even by its leading proponents right until the morning of [...]
Here’s how much earthquakes in Japan have cost Sony so far this year November 1, 2016 Fresh from announcing its full-year forecast will be lower than expected yesterday as a result of selling off part of its business, Sony revealed that's not the only struggle in the fight for profit. Earthquakes in Kumamoto, Japan, earlier this year were among the reasons for a 48 per cent fall in operating profit in the second [...]
So Moneysupermarket? Comparison site is on track for a “record year” November 1, 2016 It looks like the men in hotpants are working for Moneysupermarket.com, whose chief executive said today it is on track for a "record year". The figures The company's main site, MoneySupermarket.com, reported revenues of £76m in the three months to the end of September, up 13 per cent on the same time last year. That was pushed up by a 12 per [...]
Chancellor should use Autumn Statement to boost business confidence, as British Chambers of Commerce finds trade hopes are beginning to flounder November 1, 2016 The British Chambers of Commerce (BCC) is today calling on Philip Hammond to use his first Autumn Statement to boost business confidence, after its figures found overseas trade hopes were beginning to slip away. While its latest Quarterly International Trade Outlook, which it produces alongside DHL, found exporters had benefited from the recent slump in sterling, [...]
How the chancellor can satisfy pension funds’ hunger for infrastructure October 31, 2016 Death and taxes are said to be the only two certainties in life, but you could now add “rumours about increased government infrastructure spending” to the list. Infrastructure captures the imagination as it literally provides the building blocks of the nation. It can be a contentious topic, as seen with HS2 and the Heathrow-Gatwick debate, [...]
We can renew London once again post-Brexit – if we channel the can-do spirit of our ancestors in facing up to our housing and infrastructure challenges October 31, 2016 London has always risen again. This is the 350th anniversary of its greatest resurrection. Our ancestors in 1666 reacted to the Great Fire with a speed and coordination that defies belief. They tax-incentivised developers, ran the first national charitable appeal, invented modern fire insurance, and worked day and night for free. Compared with the Great Fire, [...]
MP Steve Baker: We need a pragmatic approach to leaving the European Union October 31, 2016 The UK will leave the EU. We will be an independent country, passing our own laws and governing ourselves. We will be a Global Britain, always the most passionate, most consistent, most convincing advocate for free trade, promoting peace and prosperity around the world. We will seek a unique, reciprocal UK-EU arrangement of open trade in [...]
City firms expected to forge strong deals after Brexit October 31, 2016 Independence from European Union laws and regulation will enable the UK to “make beneficial trade deals with partners around the world”, according to analysis from the Legatum Institute, a think tank whose Special Trade Commission was set up post-referendum to examine the UK's negotiating options. While senior figures from across the City have raised concerns [...]