By SIMON CONSTABLE
Listen here.
A German light cruiser in action, probably at the Battle of the Falkland Islands, 8 December 1914
William Lionel Wyllie, Public domain, via Wikimedia Commons
Thursday, July 17, 2025
Thursday, July 10, 2025
Last Minute Special Offer: Art Retreat in Southern France
Hello! Just to let you know. My wife is hosting an amazing art retreat here at our village of Cordes sur Ciel in South West France this September. There are only three spaces available to the lucky few. If you would like to join her friendly group at the stunning location of St Jean, you will be treated to a wonderful week of art and gourmet French food and wine.
Check out the retreat here: https://www.inspirecreativeretreats.com/
Korn Ferry: A Merger Boom, An HR Headache
When it comes to mergers, the people in the human-resources department are often among the last to hear. Frequently they’re also the ones hit with an enormous workload.
A recent report found that 54% of British companies surveyed see M&A activity increasing. That’s generally good news for a national business environment that has been struggling for growth, but it raises the bar for CHROs, who must lead their newly formed firm through a slew of talent-merging issues, as well as determine how to combine different hiring, benefits and pay policies. “HR often gets invited late in the process,” says Grant Duncan, a Korn Ferry senior client partner and sector lead in the firm’s Consumer practice. By then, the corporate decisions may already have been made. “As a result,” Duncan adds, “there is little the HR team can do to help out.” Read more here.
Monday, July 7, 2025
WSJ FinancialFlashback: 30 YEARS AGO: Nasdaq 1000
A look back at Wall Street Journal headlines from this month in history
By SIMON CONSTABLE
In July 1995, the Nasdaq Composite Index surpassed the 1000 level for the first time. It took a while for the index to get there, but in hindsight, breaching the 1000 level was a monumental signal that better things were coming. And it did. On average the Nasdaq index has outperformed the S&P 500 for most of the past two decades.
The Nasdaq composite launched in February 1971 with an index level of 100. At the time, Nasdaq was a fledgling stock market that could boast it was the first to be fully electronic. Initially, it was just a quotation system rather than an electronic trading platform.
Surpassing the Nasdaq 1000 level quickly gave way to an accelerated rally that lasted until Nasdaq breached 5000 in March 2000, according to Nasdaq data. It took until May 2015 to cross the 5100 level. And those levels now look as dated as an old cellphone: The Nasdaq composite as of last week’s close was at five figures: more than 20601.
Read more here.
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