caption A general view of the London skyline on October 24, 2013 in London, England. source Dan Kitwood/Getty Images Hedge fund Brevan Howard has cut floor space at its London headquarters, Bloomberg reports. The space was used for a gym, kitchen, meeting areas, and reception. Brevan Howard suffered its worst ever year in 2017 but has been bouncing back in 2018. LONDON – Hedge fund Brevan Howard has cut back on perks and space in its head office, according to a report from Bloomberg. Bloomberg reported Tuesday that Brevan Howard, which is believed to manage around $8 billion, has cut down on the floor plan of its London head office, axing space used as a gym, kitchen, meeting areas, and reception. Staffing numbers are understood to be unaffected. Brevan Howard declined to comment when contacted by Business Insider. The hedge fund is not alone in the City in cutting back on perks. In May it emerged that Deutsche Bank has cut back on fresh fruit … [Read more...] about London hedge fund Brevan Howard is reportedly cutting back on office perks like the gym
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caption Symphony CEO David Gurle, left, and Bloomberg CEO Michael Bloomberg, right. source Symphony/Drew Angerer/Getty Images/Jenny Cheng/BI Graphics Major Wall Street banks like Goldman Sachs and JPMorgan have invested almost $300 million in Symphony, a startup building encrypted, cloud-based communication tools. Google is also an investor. The banks want to build a platform they can all communicate on to help them cut down on expensive Bloomberg terminals. Almost four years into the project, Symphony has over 300,000 users. But there are questions around usage, partnerships, and whether its really having an effect on Bloomberg. This story, based on conversations with 35 sources, looks at how Wall Street’s audacious bet has gone so far and the challenges the startup still faces. “Thank you David Gurle,” French President Emmanuel Macron tweeted in June. “Your trust and your enthusiasm show, once again, that France is … [Read more...] about Inside Symphony’s battle to break into a $28 billion market for Wall Street chat — and avoid becoming Bloomberg roadkill
Hardly a week goes by without the photograph of another murder victim - often young, black and male - in the British media. But it took a dramatic Sunday Times headline after a recent spate of killings to wake everyone up: London's murder rate, it announced, had beaten New York's. Cue alarm bells and a political blame game. It's a finger-pointing exercise familiar to most countries and cities where violent crime is an issue, from Baltimore to Chicago and Stockholm to Glasgow. One side wants more policing. The other favours more prevention and better social services. The culture clash represents an unfortunate truth: Nobody really knows what makes violent crime rise and fall. Yet as Britain debates a new policy for fighting violent crime released by Home Secretary Amber Rudd this week, there are some reasons to be hopeful. First, though, about that headline: You have to be a serious worrywart to convince yourself you're more likely to be murdered in London than in New York. Last year, … [Read more...] about A London murder mystery: Why are killings up?
caption Dilbert (R) with his co-worker Wally (L) in the eponymous cartoon. source Screenshot/Youtube/Bobby Jones Bank of England Governor Mark Carney warned of the risks of automation pushing workers out of low-skilled jobs, Bloomberg reported. In a speech in Canada, Carney called the phenomenon the “massacre of the Dilberts” – referring to an American comic strip featuring a generic white collar worked named Dilbert. Carney’s comments come in the same week that EY warned 330,000 jobs in London alone are at risk of automation. LONDON – Bank of England governor Mark Carney said that the world is heading for “massacre of the Dilberts” as technology forces white-collar workers to learn new skills, according to a Bloomberg report. Referring to the cartoon strip “Dilbert” – which features a tech engineer named Dilbert and his … [Read more...] about Office automation is about to lead to a ‘massacre of the Dilberts’
By Angus Whitley Bloomberg Rebecca Keenan Christopher Jasper Mon., March 26, 2018 Sydney—Qantas Airways Ltd. started direct flights between Australia and London this weekend, passing a major milestone by reducing to 17 hours a trip that once took 12-1/2 days. Flight QF9 landed at London Heathrow at 5:02 a.m. Sunday following a 14,498-kilometre trip from Perth. The route marks the first non-stop passenger service between the continents, putting Europe’s financial centre one night’s sleep from the centre of Australian mineral wealth and the operations of companies including BHP Billiton Ltd. and Rio Tinto Group. For Qantas, the Perth flight is a high-profile test for a planned ultra-long-haul network that the airline hopes will span the world by 2022. To succeed, the route must defy the boom-and-bust commodities cycle that has preyed on Western Australia. And Qantas needs business travellers to pay up for the shorter flight to London rather … [Read more...] about Qantas sets aviation milestone with Perth-to-London direct flight