Upbeat banking earnings bonanza predicted this week, as analysts forecast revenue bump for JP Morgan January 8, 2017 All eyes will be on Wall Street later this week, as the US' banking behemoths get set to reveal their fourth quarter, and latest full-year, results. JP Morgan, Wells Fargo and Bank of America are scheduled to be the first out of the gate, as the trio are due to deliver their results on Friday 13 [...]
Starbucks employees get a Trump bump to salary and benefits January 24, 2018 Employees of Starbucks are in line for bonuses, stock options and enhanced benefits after the coffee chain said it would make savings from US tax cuts. The move will cost more than $250m (£176.5m) and will be extended to 150,000 workers in the US. The company follows the likes of Walmart and Apple, which have [...]
Bitcoin steals gold’s shine as new investing in bullion drops by a fifth December 5, 2017 Bitcoin is stealing the spotlight from gold as trading among first-time buyers slid to the lowest point since the metal’s price sank in 2015, new data suggests. Gold trading among existing private investors rebounded as bullion prices steadied in November, but falling interest among new investors caused BullionVault’s gold investor index to dip to 53.9 [...]
Stobart to invest £40m in London Southend Airport in next four years March 8, 2018 Stobart is set to invest up to £40m in London Southend Airport between 2018 and 2021 after its aviation division benefited from a 25 per cent increase in passengers. Shares in Stobart were up three per cent at the time of writing. In its trading update the biomass energy said it would continue to invest [...]
JP Morgan’s Dimon voices concerns on post-Brexit London, as Paris says it is wooing thousands of British bankers January 3, 2017 The boss of one of banking's best known names has hinted he is concerned about the fate of London as financial hub following the Brexit vote. Even before the UK headed to the polls in June, JP Morgan's Jamie Dimon warned that a Leave vote could leave the lender with "no choice" but to reorganise its business model, [...]
Profile protection and The Marque: How to preserve your digital reputation July 5, 2018 When someone searches your name on the internet, what is the first thing that comes up? Your LinkedIn profile? Maybe your Twitter or Instagram. Increasingly in the modern world, your digital profile forms the first impression you make to others. In my case, the top entry is the parliament web page for a Scottish Conservative [...]
London on Saudi Aramco listing shortlist along with Hong Kong and New York say reports January 11, 2018 London has made it onto the shortlist for potential listing venues for Saudi Aramco, as the state-backed oil giant looks to list in late 2018, according to reports. New York and Hong Kong are also on the shortlist, with a dual- or even triple-listing on the cards, according to Reuters. Saudi Arabia’s Tadawul exchange will [...]
FTSE 100 firm Informa in talks to buy London events rival UBM in £3bn deal January 16, 2018 London-headquartered publisher and events company Informa is in talks to buy rival UBM in a deal which could be worth as much as £3bn. A tie-up between the two firms would create the world’s largest business-to-business events company, with well over 11,000 employees at the two firms. The firms were forced to reveal the “preliminary [...]
Top bankers from Goldman Sachs and JP Morgan touch down in Davos for Brexit showdown with Prime Minister Theresa May January 19, 2017 Prime Minister Theresa May has jetted out to Davos for crunch talks with top bankers following a landmark speech this week in which she set out her vision for Brexit. May will meet chief executives from banks such as Goldman Sachs and JP Morgan a day after two other bosses – HSBC’s Stuart Gulliver and UBS [...]
JP Morgan to pay $264m to settle Chinese hiring claims November 17, 2016 JP Morgan is to pay $264m (£212.2m) to settle claims it hired relatives of key Chinese decision makers to win work. The US authorities allege that JP Morgan's Asian subsidiary set up a client referral scheme, distinct from the lender's own hiring processes, to give unfair preference to would-be hires referred by client executives and influential government officials [...]