What a con: Four common tactics used to scam pension savers September 11, 2019 The impact of pension fraud can be devastating, with victims losing an average of £82,000 last year. Even those of us who are savvy with our money can end up falling victim to fraud. In fact, it is estimated that five million pension savers in the UK are at risk, with 42 per cent of [...]
Service unavailable: Don’t let an outage break trust in your business September 11, 2019 Across the tech industry, there is a crisis of trust that is centred around how companies handle data – from network provider Cloudfare’s outage in July that saw a vast number of websites around the globe go down, to the big four tech firms facing antitrust hearings in the US. Recent research by Veeam highlights that [...]
Debate: With its valuation in question, is WeWork’s IPO really a good idea? September 10, 2019 With its valuation in question, is WeWork’s IPO really a good idea? Yes – Andrew Boyle is founder and chief executive of LGB & Co. WeWork’s objectives of establishing a dominant market position and global brand demand substantial funding, so an IPO makes sense from the firm’s perspective. For investors, it offers a chance to [...]
Media firm Iconic Labs buys Gay Star News for £1 September 9, 2019 Iconic Labs, the media firm run by three former Unilad bosses, has bought the intellectual property of Gay Star News (GSN) for £1 as it looks to build up its portfolio of outlets. The deal was secured with Nuuco Media, a company previously owned by Iconic director David Sefton, which bought GSN out of liquidation. [...]
City Moves for 9 September – Who’s switching jobs at SRIL, Morningstar and Capra Global Partners? September 9, 2019 Today’s City Moves includes SRIL, Morningstar and Capra Global Partners. SRIL Warren Downey has joined SRIL, the specialist insurance intermediary group that owns Miles Smith and the Underwriting Exchange, as chief executive. Warren joins from Jardine Lloyd Thompson where he spent the past 28 years, most recently as the chief executive of its global private [...]
City Moves for 6 September – Who’s switching jobs at Stonehage Fleming, the Financial Conduct Authority and Cipfa? September 6, 2019 Today’s City Moves includes Stonehage Fleming, the Financial Conduct Authority and Cipfa. Stonehage Fleming Chris Merry has been appointed group chief executive of independently owned international wealth management company Stonehage Fleming. Formerly chief executive of Ipes, a European provider of fund administration and outsourcing services, Chris will be based in Stonehage Fleming’s London office. Chris [...]
Which London Boy location should Taylor Swift snap up a home in? September 6, 2019 When Taylor Swift released her latest album, Londoners were surprised to find she had penned an ode to our city in a track called London Boy. In the song, she travels around the capital using routes that anyone with a cursory knowledge of the transport system would find completely illogical, such as going from Shoreditch [...]
UK house prices rise at fastest rate since April, finds Halifax September 6, 2019 UK house prices climbed 1.8 per cent higher in August compared to the same time last year, Halifax’s House Price Index revealed today. That is the fastest rate of growth since April’s 2.6 per cent increase, Halifax’s figures showed. However, revisions to modernise Halifax’s measure means previous lofty growth of 4.1 per cent in July [...]
Britain cannot afford to ignore Labour’s interventionist agenda September 6, 2019 For the past three years in Westminster, it’s been difficult to think more long-term than the next few hours. Nearly every day has dragged us further into uncharted political territory. Meaningful votes, Brexit extensions, and leadership contests have been making and shaping history – though it would be fair to say that for all the [...]
Wework considers cutting its listing valuation by half September 5, 2019 Wework’s parent company is considering dramatically slashing the valuation it will seek when it sells shares on the public stock market for the first time. Read more: Wework adds woman to board after criticism ahead of listing New York-based the We Company is deliberating seeking a valuation of just over $20bn (£16.2bn), people with knowledge [...]