Staffline shares plunge as recruiter slashes profit forecasts December 18, 2019 Staffline has announced its finance chief has stepped down as the recruitment firm cut its profit forecasts following a dip in consumer demand. Shares in the company plunged 33 per cent this morning as it revealed that trading performance in the fourth quarter was below the board’s expectations following a slump in demand. Read more: [...]
The biggest tech breakthroughs of the last decade December 18, 2019 It is easy to forget, as we approach the end of not just 2019 but also the decade, just how far technology has developed over the past 10 years. To mark the end of the era, City A.M. asked several experts for what they think have been the biggest technological breakthroughs or advancements made in [...]
New Orleans declares emergency as cyber attack shuts down government December 16, 2019 New Orleans has declared a state of emergency after a huge cyber attack shut down the local government’s computers and servers. The city’s emergency response service, dubbed Nola Ready, first reported phishing attempts and suspicious activity at 5am on Friday. Read more: London software firm Kape snaps up US cybersecurity company for $95m Chief information [...]
Yü Group shares skyrocket on energy supply deal with Smartest December 16, 2019 Yü Group, the supplier of energy and utilities services to UK businesses, saw its share price rise by nearly 50 per cent today after it announced an energy supply arrangement with Smartest Energy. The hedging facility with Smartest will provide Yü with a credit line up to £13m, which will grow in line with the [...]
Ninety-six per cent of UK’s top law firms fear Brexit profit hit December 16, 2019 Ninety-six per cent of the UK’s top 100 law firms say that Brexit could hit their profitability in the coming year, a survey published today showed. The Thomson Reuters poll of finance directors at top 100 law firms showed that 42 per cent were worried that reduced inward investment in the UK could hit law [...]
General Election live: Tories on course for majority, says Ipsos Mori poll December 12, 2019 Please manually refresh this page for our latest General Election updates. Voters head to the polls today for the third time in five years in what has been described as party leaders as the “most important General Election in a generation”. Read more: Readers send in pictures of their dogs at polling stationsRead more: Your [...]
Banking on the future: The boss of the Association of Foreign Banks speaks to CityA.M. December 12, 2019 Among the many services that the Association of Foreign Banks (AFB) provides to its global members is a guide on how to handle allegations of workplace harassment. Overseas banks with an office in the UK can pay their trade body a small fee for a 26-page report that highlights case studies of misconduct. It even [...]
Inside ‘co-living’: the flats where millennials trade living space for free craft workshops and yoga December 12, 2019 My alarm goes off at 6.30am, which means it’s time for yoga. As I wipe the sleep from my eyes, I glance around the unfamiliar apartment I’ve just spent the night in, which doesn’t take long because it’s barely bigger than a walk-in wardrobe. I get dressed and stumble out the door, traipsing down the [...]
DEBATE: Could tactical voting actually make a difference to the result of this election? December 12, 2019 Could tactical voting actually make a difference to the result of this election? Joe Twyman, co-founder and director of Deltapoll and a presenter of the Polling Politics Podcast, says YES. In first past the post elections, the difference between winning and losing a majority can be small. Really small. Back in 2017, the difference between [...]
Championing Britain’s economy means protecting our links with the EU — regardless of Brexit December 12, 2019 As polling stations up and down the country open this morning, Europe-centric businesses like mine are asking what they will have to deal with after the votes have been counted. My company is part of a group which employs over 300 people of multiple nationalities — many of them are EU nationals, but some are [...]