Cristiano Ronaldo paid over €1m for a single day’s sponsorship work by Saudi Arabian firm February 19, 2016 Cristiano Ronaldo was named as the best-paid footballer in the world last year and leaked documents have shed light on just how he makes his fortune with lucrative off the pitch endorsements. The Real Madrid superstar appears to have been received over €1m from a Saudi Arabian telecom company for just a single day's work [...]
Donald Trump will win if “establishment” remains a dirty word among Republicans February 19, 2016 "Establishment” has become the dirtiest word you can use against your political opponents in the current US presidential cycle – the dirtiest one you can get away with on national television, at least. But the word is losing significance by the day. Six months ago, to be labelled “establishment” meant you were a mouth-piece for [...]
How to tackle uniformity in business February 18, 2016 As the latest crop of final-year university students plan for life after graduation, and submit countless applications for graduate programmes, many businesses are paying lip-service to diversity while operating application processes that discourage individuality. THE PROBLEMS More diversity in business, particularly in financial services, is desperately needed. Unfortunately, as my daughter found recently, application processes [...]
Consumer’s guide to blockchain: How the cryptocurrency will revolutionise life for the consumer February 18, 2016 When I spoke to Peter Kirby, chief executive of blockchain startup Factom, he laughed when I described myself as a “blockchain traditionalist”. I meant that I still think of blockchain as the technology that made bitcoin credible – a peer-to-peer distributed ledger which immutably logs all transactions. This all sounds like jargon, so what does [...]
Barclays’ investment bank chief Tom King could be set to retire next month February 17, 2016 Tom King, head of Barclays' investment bank, is reportedly planning to retire as early as next month. King, who is based in New York and has worked for Barclays since 2009, has long been expected to step down from his post at the top of the bank's investment banking business, but multiple media reports out [...]
Trinity Mirror’s launching a new daily tabloid called New Day within the next fortnight February 17, 2016 Trinity Mirror is preparing to launch a new daily newspaper slated to be called New Day just days after the Independent's run in print came to an end after three decades. New Day could launch in less than a fortnight, with plans due to be unveiled at the same time as its annual results on 29 [...]
Self-employed people’s isolation and lack of interaction with colleagues is worrying – luckily there seems to be a growing appetite for collaborative entrepreneurship February 17, 2016 Britain’s ever-expanding army of self-employed workers should be given additional employment rights and need help getting mortgages, loans and pensions. That was the big take-out from the latest government-commissioned review into self-employment and entrepreneurship in the UK, carried out by Cambridge Satchel Company founder, Julie Deane The number of people choosing to start a business [...]
Johnston Press boss Ashley Highfield on the i, Lebedev and the future of print media February 17, 2016 It wasn't easy to second guess his opposite number during negotiations for the purchase of the i newspaper, Johnston Press chief executive Ashley Highfield has told City A.M. Speaking about the regional publishing group’s £24.4m acquisition from ESI Media last week, Highfield described it as a “unique” experience with its own particular challenges. “You’re dealing with [...]
Shadow chancellor John McDonnell speech at the London School of Economics: Austerity is not a necessity, it is a political choice February 16, 2016 Shadow chancellor John McDonnell has today slammed the idea that economic austerity is a necessity, calling it a political choice. Delivering a speech entitled "the new economics" at the London School of Economics, McDonnell also said that radical moves were needed if a balance British economy was to be achieved, according to a number of reports [...]
Japanese M&A deals in the UK hit $9.5bn last year, boosted by Nikkei’s purchase of the Financial Times February 16, 2016 Nikkei's purchase of the Financial Times helped Japanese acquisitions in the UK reach $9.5bn (£6.6bn) last year, according to new analysis from Deloitte. The figure is the highest level this century and dwarfs the $0.67bn in Japanese UK deals recorded for 2014, the accountancy firm's research shows. Nikkei, Japan's largest media company, announced last July [...]