Linstock’s Friday Takeaway – 22nd April 2016

“We’re moving offices! As of 2 May 2016, Linstock will be based at Aldgate Tower, 2 Leman Street, E1 8FA ”

In the News

Good Week: pro-EU campaigners
A good seven days for the Remain camp saw the political weight of both the Treasury and US President swing behind the campaign for continued EU membership. A report from the Treasury claims that Brexit would cost every UK household £4,300 by 2030. The claim has been branded misleading by some as it refers to a drop in GDP per household rather than household income, the metric usually used by the Treasury when making similar forecasts. Meanwhile Barack Obama, writing in Eurosceptic newspaper the Telegraph, has made an emotive plea to the British public to vote ‘remain’, stating that EU membership is integral to preserving the ‘special relationship’ enjoyed by the UK and US.

Bad Week: Press freedom
Keung Kwok-Yuen, chief editor of Hong Kong’s prestigious Ming Pao newspaper was dismissed on Wednesday after running a striking front page story on the Panama Papers. The assertion from Ming Pao’s management that the sacking was nothing more than a cost-cutting measure was not enough to stop its staff protesting outside the newspaper’s headquarters, holding signs that read: “The truth is unclear.” The 2016 World Press Freedom Index highlights that, while the press has historically been relatively free in Hong Kong, journalists appear to be facing mounting external pressures.

Good Week: Large TVs
“Video killed the radio star” – the wisdom of 80s one-hit wonders the Buggles continues to resonate with media professionals. But this week the audio medium appeared to take a hit from one of its own as Justin Webb, presenter of BBC Radio 4’s iconic Today programme, admitted to purchasing a 65inch television while his disapproving wife was away on a business trip. Given that listenership of Webb’s Today programme has soared to 7 million in recent months, his colleagues surely won’t begrudge him some downtime in front of what the presenter claims is a “a downmarket medium.”

Bad Week: Cyber security
A study by technology and risk consultancy AXELOS released on Monday reveals that business cyber security training in the UK is predominantly outdated or not fit for purpose. Despite 99% of senior managers surveyed saying they believe in the importance of information security training, only 47% are tailoring IT training to help prevent cyber security breaches. According to AXELOS, more companies need to embrace modern training techniques which encompass gamification and animation rather than relying on straightforward e-learning.

Linstock News
Director Simon Maule was quoted in a PR week article on the reputational fallout that has followed revelations around Mitsubishi’s falsification of emissions test data.

Client News:
TheCityUK’s Chris Cummings featured in the Bristol Post and Belfast Telegraph discussing the potential impact of Brexit on financial and professional related services across the country.

Retirement Advantage Equity Release’s response to the Equity Release Council’s record breaking Q1 lending figures appeared in Financial Reporter. Product and Communications Manager Alice Watson emphasised the need to make the UK equity release market more accessible to people approaching retirement.

Coming Up
We’re moving offices! As of 2 May 2016, Linstock will be based at Aldgate Tower, 2 Leman Street, London, E1 8FA