After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
How to fund your Executive MBA – tips from top business schools March 23, 2016 Students starting London Business School’s Executive MBA (or EMBA) this year will pay £72,795 to take the part-time course. Given that it’s one of the world’s leading providers of executive education, this is not abnormal (the EMBAs of most top UK schools range from £50,000 to £75,000 for full or part-time courses) – but it’s also [...]
Phoenix Group Holdings share price up as insurance company reveals cash generation largely in-line with targets for year ended December 2015 March 23, 2016 Share price in Phoenix Group Holdings rose today after the company announced that its cash generation had met its targets, although profits slumped slightly for the year ended December 2015. The insurance company, which handles closed life funds, reported cash generation of £225m, safely in line with its target range of £200m – £250m, although down [...]
Profits slump for insurance market Lloyd’s of London despite growth in gross written premiums, as chief executive Inga Beale speaks out about terrorism March 23, 2016 Insurance market Lloyd's of London today announced that its profits had dipped slightly during 2015, although it had increased its gross written premiums. Lloyd's revealed pre-tax profits of £2.1bn, down compared with £3bn the year before, although the company said that it felt its profits remained significant despite a fall in returns on investments and increased [...]
Former Standard Life boss David Nish to join HSBC board March 23, 2016 Former Standard Life chief executive David Nish is to join the board of HSBC. Nish will join from 1 May, initially for a three-year term which, subject to re-election by shareholders in 2017, will expire at the conclusion of the 2020 AGM. He joins as an independent non-executive director, and will sit on the group audit committee. [...]
City Moves for 23 March 2016 | Who’s switching jobs March 23, 2016 The Asset Based Finance Association The Asset Based Finance Association (ABFA), the body representing the asset-based finance industry in the UK and the Republic of Ireland, has announced the appointment of Martin Cooper as its new chair. Martin is senior vice president of operations at Firstsource, a business process management provider to organisations in the [...]
From cuts to capital gains tax to a review of the “salary sacrifice” scheme: Here’s what you missed from Budget 2016 March 23, 2016 Eye-catching schemes like the sugar tax, the lifetime Isa and cuts to corporation tax may have grabbed the headlines following last week’s Budget. But a number of the Treasury’s other announcements could impact directly on employees, savers and investors. Here’s a run-down of the best of the rest. REDUCTIONS TO CAPITAL GAINS TAX In two [...]
George Osborne delivered a Budget that backs Britain’s Millennials March 23, 2016 They're nearly 14m strong and the largest cohort in our workforce. From the factory floor to the trading floor, the Millennial generation or “Generation Y” – those born between 1980 and 2000 – are at the heart of Britain’s economic success story. Among their ranks are Britain’s growing number of apprentices, young professionals, first-time buyers, [...]
The City’s Walkie Talkie skyscraper is finally full after CISI snaps up last remaining floor March 22, 2016 The developers behind the Walkie Talkie skyscraper have let the last remaining floor in the building two years after completion in a milestone moment for the City. The Chartered Institute of Securities and Investment (Cisi) has agreed to take the third floor of the Rafael Vinoly-designed building at 20 Fenchurch Street at a rent of around £65 per square feet, City A.M. [...]
Moody’s: Conduct litigation charges for Lloyds, HSBC, Barclays, RBS and Santander UK rose 40 per cent to £15bn last year March 22, 2016 Legal fees and remediation costs for conduct issues will continue to pose downside risks for Britain's biggest banks, Moody's Investors Service is warning today. In a new report out this morning, the credit rating giant said conduct charges are on the rise – and will continue to constrain profitability at the UK's five largest lenders for years [...]
City Moves for 22 March 2016 | Who’s switching jobs March 22, 2016 RPC Consulting RPC Consulting – the insurance consultancy arm of RPC – has appointed four senior insurance actuarial professionals to its team in London and Cambridge. Pete Lee, James Norman and Tony Lovick all worked at EMB (now Willis Towers Watson). Natasha Regan joins from the Financial Reporting Council (FRC). Pete has over 25 years’ [...]