Turkey’s Erdogan accuses Saudi agents of killing missing journalist October 23, 2018 Turkish president Recep Tayyip Erdogan today accused Saudi Arabian agents of the “premeditated” killing of journalist Jamal Khashoggi. Khashoggi was last seen alive entering the Saudi Arabian consulate in Istanbul on 2 October. Read more: Softbank operations boss to pull out of Saudi investment conference Several groups of Saudi intelligence officers had arrived in the [...]
Softbank operations boss to pull out of Saudi investment conference October 22, 2018 Japanese technology giant Softbank's chief operating officer is reportedly set to pull out of this week's Saudi Arabia business summit, as one of the world's biggest tech backers struggles with its controversial ties to the region. Marcelo Claure is said to have asked organisers of tomorrow's Future Investment Initiative conference in Riyadh to remove his name from [...]
Marsh & McLennan buys insurer Jardine Lloyd Thompson for £4.3bn September 18, 2018 New York-headquartered Marsh & McLennan has agreed to buy UK insurance broker Jardine Lloyd Thompson (JLT) today in a £4.3bn deal. Shares in FTSE 250 listed JLT soared by more than 30 per cent following the announcement this morning. Marsh has offered £19.15 in cash for each JLT share, valuing the business at £4.9bn. Read [...]
Marsh & McLennan buys insurer Jardine Lloyd Thompson for £4.3bn September 18, 2018 New York-headquartered Marsh & McLennan has agreed to buy UK insurance broker Jardine Lloyd Thompson (JLT) today in a £4.3bn deal. Shares in FTSE 250 listed JLT soared by more than 30 per cent following the announcement this morning. Marsh has offered £19.15 in cash for each JLT share, valuing the business at £4.9bn. Read [...]
HSBC, Credit Suisse and Standard Chartered join boycott of Saudi conference over missing journalist October 16, 2018 The chief executives of HSBC, Credit Suisse and Standard Chartered have become the latest business leaders to withdraw from a high profile Saudi investor conference next week. The banking trio have joined a plethora of influential figures and businesses to pull out of the three-day event following the disappearance of journalist Jamal Khashoggi. The US [...]
Investec shares grow as it plans to demerge asset arm for London listing September 14, 2018 Shares in South African banking group Investec flew up 10 per cent today as it revealed plans to spin off its asset management arm and list it in London. Investec Asset Management (IAM) will be listed on the London Stock Exchange in a demerger Investec believes “simplifies the group”. It will also have an inward [...]
Investec shares grow as it plans to demerge asset arm for London listing September 14, 2018 Shares in South African banking group Investec flew up 10 per cent today as it revealed plans to spin off its asset management arm and list it in London. Investec Asset Management (IAM) will be listed on the London Stock Exchange in a demerger Investec believes “simplifies the group”. It will also have an inward [...]
Saudi Arabia denies reports the $2 trillion Aramco float has been cancelled August 23, 2018 Saudi Arabia’s energy minister today denied reports that plans to float part of its state oil and gas company Aramco had been cancelled. “The government remains committed to the initial public offering of Saudi Aramco, in accordance with the appropriate circumstances and appropriate time chosen by the government”, Energy Minister Khalid al-Falih said in a [...]
Visa and Mastercard agree $6.2bn settlement over card fees September 18, 2018 Visa, Mastercard and a number of banks have agreed to pay $6.2bn (£4.72bn) to settle a long-running legal dispute over the charges retailers are forced to pay for accepting card payments. The lawsuit, which began in 2005, accused the card companies of breaking US federal antitrust laws by forcing retailers to pay swipe fees. Read more: TSB forced to [...]
Visa and Mastercard agree $6.2bn settlement over card fees September 18, 2018 Visa, Mastercard and a number of banks have agreed to pay $6.2bn (£4.72bn) to settle a long-running legal dispute over the charges retailers are forced to pay for accepting card payments. The lawsuit, which began in 2005, accused the card companies of breaking US federal antitrust laws by forcing retailers to pay swipe fees. Read more: TSB forced to [...]