Is adrenaline the ultimate stress relief? October 15, 2018 Does a shot of adrenaline instead of your morning coffee set you up for a day of enhanced energy, focus, and productivity? You might think that’s an impossible question to answer – but it’s one that staff at the International Quarter London (IQL) in Stratford, in collaboration with the University of Essex School of Sport, [...]
Hammond predicts economic boost from ‘Brexit deal dividend’ October 12, 2018 Chancellor Philip Hammond said today that securing a Brexit agreement with the EU will lift the economy. Speaking in the run up to the Budget later this month, Hammond told the BBC that there has been a “measurable change of pace” in the negotiations between the UK and the EU, adding that the UK could [...]
Game Digital appoints former House of Fraser director as new finance chief October 12, 2018 Video game retailer Game Digital today confirmed former House of Fraser finance director Ray Kavanagh as the firm's new chief financial officer (CFO), while the business heads for a strategic turnaround. He was previously the director of finance at troubled department store chain House of Fraser for eight years, as well as a company board member [...]
DEBATE: Has the Northern Powerhouse run out of steam? October 12, 2018 Has the Northern Powerhouse run out of steam? Emma Revell, communications officer at the Centre for Policy Studies, says YES. The Northern Powerhouse hasn’t quite run out of steam but it’s certainly not firing on all cylinders. Rail infrastructure improvements have been shelved, the architects of the Northern Powerhouse (most notably George Osborne and Jim O'Neill) [...]
City Moves for 12 October – who’s switching jobs? October 12, 2018 Today’s City Moves cover the British Standards Institution, UK Finance and Trustpilot. BSI The British Standards Institution (BSI) today announced that John Hirst CBE will be appointed as a non-executive director of BSI with effect from 15 October 2018. From 1 January 2019, John will take over from BSI’s current Chairman, Sir David Brown, who [...]
Patisserie Valerie facing closure without immediate cash injection October 11, 2018 Patisserie Valerie is facing closure without an immediate cash injection, the firm said today. The high street cake shop halted trading in its shares yesterday as it announced that it had been notified of "significant and potentially fraudulent" accounting irregularities, and suspended chief financial officer Chris Marsh. Sky News reported that the black hole in the company's [...]
From battlefield to boardroom: helping veterans to launch their own business October 9, 2018 The London Stock Exchange is used to hosting VIPs as visiting dignitaries or company CEOs ring the opening bell. This morning, however, the LSE will be welcoming people whose task is not to launch a company's IPO but instead launch the careers of former service personnel. Defence secretary Gavin Williamson will unveil a new report [...]
US professional services firm backs ‘engine for growth’ London as European launchpad October 9, 2018 EisnerAmper, a top-twenty US professional services firm, celebrated the launch of its London office tonight as it laid out “ambitious plans” for European growth. Its London offices, which will act a staging post for the firm’s continental expansion plans, will be led by Robert Mirsky, a former global head of hedge funds at Big Four [...]
Bank of England steps up Brexit derivatives warnings in plea for EU to take action October 9, 2018 The Bank of England has doubled down on its call to the EU to put measures in place to allow European banks to access UK-based clearing houses after Brexit, avoiding financial market chaos which could damage firms across the continent. City lobby groups echoed the Bank's plea, urging the EU to stop using clearing as a [...]
Legal activity fuels London growth as UK recruiter boasts of record third quarter October 9, 2018 British recruitment firm Robert Walters said this morning it had enjoyed a record third quarter amid efforts to ramp up expansion across Europe and Asia. The recruiter’s share price climbed more than three per cent in early morning trading, after posting a a 12 per cent rise in gross profit during the third quarter of 2018. Across all of [...]