Neil Woodford and partner bagged £13.8m in year before empire collapsed January 7, 2020 Neil Woodford and his partner Craig Newman were paid almost £14m in dividends in the year leading up to the fund crisis that ultimately brought down their company. For the year ending 31 March 2019, Woodford Investment Management’s profit more than halved, falling from £33.7m to £16.3m, according to accounts submitted to Companies House. Read [...]
Want to improve the civil service? Get rid of poor performers and hire some fresh talent January 7, 2020 Dominic Cummings has, once again, taken aim at the establishment — this time the civil service. In an unorthodox job advert last week, he declared his intentions to hire “an unusual set of people” to revolutionise government. Predictably, retired grandees of the profession are up in arms. Whenever anyone calls for Whitehall reform — and [...]
What do the financial markets hold in store for 2020? January 7, 2020 After the festive break, everyone in the City is slowly settling back into work. The opening week of 2020 has been hectic already, with oil and gold prices rising and stocks falling in reaction to tension in the Middle East. But what else are the financial experts and asset managers keeping an eye on for [...]
Why meditation is the secret to being more productive in 2020 January 7, 2020 Everyone wants to be more productive. In fact, so eager have we become to get the most juice out of our work that we’ve spawned an entire productivity industry, filled by people promising to maximise our efficiency and get us more bang for our buck. But what we often find is that after only a [...]
DEBATE: Are calculations like ‘High Pay Day’ useful to the conversation around executive salaries? January 7, 2020 Are calculations like ‘High Pay Day’ useful to the conversation around executive salaries? Charles Cotton, senior pay and reward adviser for the CIPD, the professional body for HR and people development, says YES. Most people expect Britain’s top executives to be on higher salaries than the rest of society. However, “High Pay Day” shines a [...]
Will the office become redundant in the 2020s? January 6, 2020 According to a survey by the Trade Union Congress, the number of people who regularly work from home in the UK has increased by 27 per cent over the past 10 years. As more and more companies acknowledge the benefits of flexible working, the technology enabling it continues to advance, offering remote workers improved connectivity. [...]
Why more and more fund managers are turning to shareholder activism January 6, 2020 According to Greta Thunberg, “the danger is when politicians and CEOs are making it look like real action is happening, when in fact almost nothing is being done.” She may find some unlikely bedfellows in the Square Mile. Active fund managers have endured a torrid time of late. The Woodford saga and M&G’s decision to [...]
The top tech predictions for 2020 January 6, 2020 Welcome to 2020. After a week or more of festive cheer and turkey-induced fatigue, it’s time to get back to work. But don’t despair. The year — and decade — ahead is set to be an exciting one, especially in the world of technology. To find out what changes may lie ahead, City PM asked [...]
We can make this the decade of purpose-driven capitalism January 6, 2020 As we enter the 2020s, capitalism is suffering a crisis of confidence. Populists around the world are putting a simple spin on globalisation as against the interests of ordinary people. By contrasting the growth in developed economies with a simultaneous squeeze on living standards, they argue that the link has been severed between a profitable [...]
