ICAS chief executive explains how accountancy is becoming a youngster’s game, and why they are enjoying being part of the institution too April 24, 2016 The accountancy profession is perceived as many things – but exciting is probably not one of them. Ask any five-year-old what they dream of being when they grow up and few will tell you that they’re mesmerised by the prospect of days spent poring over spreadsheets. “There is still the sense among the young when [...]
Want to be a consultant? Here are the specialisms you should aim for if you want the highest salary April 22, 2016 Consultants: they may come in for their fair share of flack, but it's generally worth it at the end of the month. Consultancy may be one of the City's biggest industries – but which specialisms bring in the highest wages? Salary benchmarking site Emolument.com has investigated, and found those working in strategy consulting are bringing home [...]
The fortune of billionaire hedge fund manager Crispin Odey dwindled to mere millions last year April 22, 2016 The wealth of one of the UK's best-known hedge fund managers dwindled from billions to mere millions last year, new data has shown. The heart bleeds… According to figures from the Sunday Times Rich List, the fortune of Crispin Odey – the outspoken founder of Odey Asset Management – fell £200m in 2015, from £1.1bn to £900m. But [...]
City PM Unregulated podcast: Episode three – Multi-millionaire entrepreneur Jim Mellon on how he got rich – and his investment strategy April 22, 2016 Unlicensed and off-the-leash, this is City PM Unregulated. A no-holds-barred, uncensored look at the stories breaking the news and the markets across the globe. In the third episode of our podcast, multi-millionaire entrepreneur Jim Mellon joins presenters Emma Haslett and Zak Mir from his home in Berlin to explain how he made his money. From [...]
Is it better or worse to be a corporate psychopath? April 22, 2016 Psychopaths are the 1 per cent of people who possess absolutely no empathy. They may be rare among society as a whole, but Paul Babiak and Robert Hare, authors of Snakes in Suits, estimate that more than a third of them occupy senior leadership positions. Books on psychopaths can be found everywhere, and many promise to [...]
How technology is driving investor interest in British entrepreneurs April 22, 2016 Investors are increasingly interested in British entrepreneurs, according to a new report. Growth capital raising in the UK, driven by automating technology, totalled £360m across 76 transactions in the first quarter, research by Kingston Smith found. The report noted that the figure was down from £405m across 99 transactions in the first quarter of 2015, but [...]
Even City bigwigs think it’s time to overhaul the pay structures used by the UK’s biggest listed firms April 21, 2016 It's not just shareholders who are showing their growing unrest at vast executive pay packets. Now some of the most influential figures in the City have spoken out against pay models that they claim are "not fit for purpose". Big names including Legal & General boss Nigel Wilson, Sainsbury chairman David Tyler and Helena Morrissey, chief [...]
Financial services watchdog reveals more information on the secondary market for annuities April 21, 2016 The financial services watchdog has today asked for feedback on its proposed rules on the second-hand market for annuities. Suggestions by the Financial Conduct Authority (FCA) include requiring brokers to set out charges up front and agree them directly with the customer, rather than receiving a commission from firms acting as buyers, and to provide [...]
The 10 most awful overused opening lines used by students April 21, 2016 Never was the slogan "think different" more appropriate. Students across the country are falling back on hackneyed phrases to get into university, which spells trouble when they go for that first graduate job and head into the big old world of work. a studdy has shown Anyone hiring fresh from uni might already be familiar with these turns [...]
What do you bring to the table? Five tips for negotiating April 21, 2016 Research spanning four decades suggests that most people, in most places, get the skill of negotiation wrong, most of the time. This is costly. Sales people leave potential profit on the table. Buyers don’t get the best supplier terms. Colleagues from different departments fall out over resource allocation or project priorities. It needn’t be like [...]
