Trump signs order to allow sanctions for US election meddling September 12, 2018 President Donald Trump has signed an executive order to allow sanctions for US election meddling. Read more: JP Morgan boss Jamie Dimon claims he could beat Trump in an election The order is intended to protect the United States from interference in elections by setting out a process to punish foreign governments or individuals that attempt [...]
JPMorgan to set up “significant” wealth management business in Luxembourg September 11, 2018 JPMorgan has announced plans to establish a wealth management business in Luxembourg as part of a corporate restructuring. The company will also merge its Luxembourg bank with its London-based bank into one legal entity – to be completed early next year, the US bank has announced. It described the restructuring plan as “long-planned”. Read more: [...]
The Restaurant Group prepares to raise £315m for Wagamama deal despite criticism November 12, 2018 The Restaurant Group (TRG) pushed ahead with a rights issue to raise £315m to finance its acquisition of Wagamama today, despite concerns from analysts and investors. The rights issue to raise cash for the takeover will be underwritten by JP Morgan Securities, TRG said this morning, in a deal valuing the chain at £559m. “This a transformative deal [...]
Journalist’s killing ‘premeditated’, says Saudi prosecutor, as government sign deals worth $56bn at summit October 25, 2018 Saudi Arabia's public prosecutor today said journalist Jamal Khashoggi's murder was premeditated. "The public prosecution received information from the Turkish side through the Joint Working Group between the Kingdom of Saudi Arabia and the Turkish Republic, indicating that the suspects in Khashoggi's case premeditated their crime," attorney general Shaikh Suood bin Abdullah Al Mo'jab said, according [...]
Tesco and Dunelm defy retail gloom April 16, 2019 By Graeme Evans from interactive investor. Impressive updates from Tesco and Dunelm show opportunities still exist in the embattled retail sector. A big hike in the Tesco (LSE:TSCO) dividend and an “incredible” trading update from Dunelm Group (LSE:DNLM) today combined to remind Brexit-weary investors there is life in the retail sector after all. The near-doubling [...]
Citi to set up a new UK bank post-Brexit October 6, 2018 Citigroup is to transfer its UK consumer operations into a new UK bank, headquartered in London, in time for the country's exit from the European Union. A note sent out to customers revealed the move yesterday, in which the bank said its UK business, previously managed via Citibank Europe in Ireland, will be moved by March [...]
FTSE 100 roundup: Today’s winners and losers November 16, 2018 The FTSE 100 lost ground today, down 5.31 points at 7,032.70 just before markets closed after a turbulent start to the day when it lost as much as 0.8 per cent. All week markets have been reacting to the political fallout from Brexit as the FTSE 100 wiped out gains made late last week. Top 5 FTSE [...]
Apple loses $50bn in market valuation as fears grow of slowing iPhone sales November 12, 2018 Apple's shares fell five percent tonight after a major supplier cut its financial outlook, leading to fears demand for the iPhone has plateaued. The fall slashed $50bn (£38.9bn) from Apple’s market valuation with shares falling $20.30 to $194.17. The losses mean Apple’s market capitalisation has fallen $190bn since October, more than the entire market value [...]
Investment Association boosts board gender diversity with shake up September 19, 2018 The trade body for UK asset mangers said today that the appointment of four new directors had taken female representation on its board to almost 40 per cent. The Investment Association’s (IA) new directors are Brooks Macdonald chief executive Caroline Connellan, Columbia Threadneedle Investments’ Europe, Middle East and Africa (EMEA) chief executive Michelle Scrimgeour, Newton [...]
Investment Association boosts board gender diversity with shake up September 19, 2018 The trade body for UK asset mangers said today that the appointment of four new directors had taken female representation on its board to almost 40 per cent. The Investment Association’s (IA) new directors are Brooks Macdonald chief executive Caroline Connellan, Columbia Threadneedle Investments’ Europe, Middle East and Africa (EMEA) chief executive Michelle Scrimgeour, Newton [...]