Should a pay rise be enough to keep you in a job you don’t enjoy? September 22, 2016 With summer over and work beginning in earnest once again, you may have begun to reflect on whether you’re truly happy in your current role. Perhaps you’re not finding the work meaningful anymore. Perhaps you feel at odds with your company’s strategic direction. Or maybe you just don’t feel like you fit with the culture. [...]
City Moves for 22 September | Who’s switching jobs September 22, 2016 Societe Generale Societe Generale has appointed Carlos Goncalves as head of global technology services. He replaces Bertrand Lemarignier who will take up a new position within the group. Carlos started his career in the research and development team of Portugal Telecom before joining Societe Generale in 1993 as part of the IT department. Carlos was initially in [...]
Leavers and Remainers across politics and business unite to launch new Brexit forum September 22, 2016 A new Brexit group which brings together Remainers and Leavers from the worlds of business and politics is set to formally launch on 19 October. The Financial Services Negotiation Forum, or FSNForum for short, will aim to produce "neutral, evidence-based research" on the key issues surrounding the impending Brexit negotiations. FSNForum's honorary advisory council will be chaired [...]
Deficit creeps down but government spending still higher than expected September 21, 2016 The government was forced to borrow a whopping £10.5bn in August as the aim to reduce the deficit suffers its latest stumble. The shortfall, which measures the difference between how much the government spends and receives in tax revenues, was down from £11.4bn in the same month last year, but still higher than economists' expectations. [...]
Cenkos shares dive after small cap fundraising dries up September 21, 2016 Shares in Cenkos fell as much as 16.96 per cent to 95.50p per share this morning, after the City stockbroker revealed profits plunged as small cap fundraising dried up ahead of the Brexit vote. The figures Cenkos' pre-tax profit plummeted 91 per cent to £1.7m in the six months to 30 June, down from £18.6m in the first half [...]
Over-50s specialist insurer Saga posts increased profit and says Brexit vote has not hurt business September 21, 2016 Insurer for the over-50s Saga has reported an 8.5 per cent increase in profits for the six months to 31 July. The figures Pre-tax profit was up 8.5 per cent to £109.9m from £101.3m, while trading profit ticked up slightly to £117.6m from £117.5m. Earnings per share rose 8.2 per cent to 7.9p from 7.3p. [...]
Financial advice and the rise of gamification: Robo-advice may improve access but augmented reality could boost engagement September 21, 2016 The Pokemon Go craze may have subsided, but the mobile game has cemented augmented reality in the public’s consciousness. With the UK release of Oculus Rift yesterday, the more immersive virtual reality is also set to grip the nation. With these new states of reality engaging us, it begs the question: how long it will take [...]
What to expect from Philip Hammond’s Autumn Statement September 21, 2016 The UK entered a period of heightened political and economic uncertainty following the EU referendum. But as the fog begins to clear, we are starting to see more clearly what might be on the horizon. We downgraded our forecast for UK economic growth in the aftermath of the referendum. Our concerns have since receded, as [...]
“Chicken King” Ranjit Boparan gobbles up turkey business Bernard Matthews September 20, 2016 Ranjit Boparan has this evening completed the takeover of turkey producer Bernard Matthews. Boparan, who has earned the name “Chicken King”, also confirmed in a statement that 2,000 jobs at Europe’s largest turkey company will be retained. It first emerged that Bernard Matthews’ private equity owner, Rutland Partners, was seeking to sell the company in [...]
What should Hammond do to ensure steady management of the public finances? Not very much. September 20, 2016 Quietly, and without fuss, the Treasury has revealed that the first budget of Theresa May’s government will be unveiled on 23rd November. The confirmation of the Autumn Statement date was made just under two weeks ago – the chances are, you didn’t even notice. The memo was a passive and reserved show of defiance. Earlier [...]