This is what consumers are most worried about this year January 4, 2017 It's only day four of 2017 and we're already tearing our hair out about what the new year will bring. Top of the list of consumers' concerns is that poorly-defined political concept: Brexit. Read more: More money in your pocket? Not for much longer, say economists Few of us even know what Brexit means – Prime Minister Theresa May [...]
Coup de grace: Are investors misjudging Marine Le Pen’s chances of victory in France’s presidential election? February 21, 2017 "Fool me twice, shame on me,” goes the idiom. Caught out by shock victories for the Leave and Trump campaigns in 2016, investors are determined not to let political risk get the better of them a third time as the French presidential election approaches this spring. Since the beginning of the year, French government bonds [...]
JP Morgan’s Pencils Down initiative is proof the City’s financial institutions can adapt to millennials’ needs January 22, 2016 Millennials, Generation Y, the yoof – call them what you like, but HR departments the land over are going to increasingly desperate lengths to attract the people currently taking their first steps into working life. Kids these days are demanding, high-minded and tech savvy, oft-cited research tells us. They expect oodles of spare time, with [...]
These two top tech bosses have been named advisers to Trump December 14, 2016 Donald Trump has added top tech firepower to a group of business leaders who will advise him on economic matters. Uber boss Travis Kalanick and the entrepreneur behind Tesla and Space X, Elon Musk, have joined the President-elect's Strategic and Policy Forum which will involve meeting with the President frequently. Read more: Move over Trump and [...]
Redirect £76bn from former EU budget to fuel inclusive growth says RSA commission March 7, 2017 The government should reroute billions of pounds that currently goes to the EU budget to support inclusive growth after Brexit, according to a commission set up by businesses, local government and non-profit groups. A new £76bn fund would deliver growth across the whole of the UK, lowering inequality and raising overall productivity, the report by [...]
2016 not so bad for Morgan Stanley: Bank’s fourth quarter results sail past expectations January 17, 2017 Morgan Stanley has given Wall Street something to smile about, reporting better than expected results, with profits and revenues booming in its fourth quarter thanks to a boost in bond trading. The figures The US banking giant announced net revenue of $9bn (£7.4bn) for the fourth quarter of 2016, up 17 per cent from $7.7bn [...]
City Moves for 16 January 2017 | Who’s switching jobs January 16, 2017 Mitsubishi UFJ Financial Group Mitsubishi UFJ Financial Group has appointed Nauman Ansari as an executive director of the bank’s healthcare finance business in EMEA. Nauman, who joins from Morgan Stanley, brings a wealth of healthcare and leveraged and acquisition finance experience to MUFG. He played a significant role in a number of transformative transactions for Shire on [...]
London Stock Exchange seeks to wrap up French clearing house sale as EU regulatory battle looms for Deutsche Boerse merger November 15, 2016 The London Stock Exchange Group is whittling down the list of candidates for the sale of its Paris-based clearing business and could be in a position to announce a deal before Christmas, City A.M. understands. The LCH SA deal is seen as crucial to the success of the London Stock Exchange’s £21bn merger with German [...]
(Banco) Popular decision? Shares rise as chairman Angel Ron ousted December 1, 2016 Shareholders can be a harsh bunch sometimes; shares in Spain's Banco Popular shot up today after the board voted to oust its long-serving chairman. Angel Ron has sat at the helm of the struggling bank for more than a decade, but his leadership, include poor progress in ditching the lender's toxic assets, has recently sparked grumbles from [...]
Advisers on London Stock Exchange-Deutsche Boerse deal could rake in up to £305m February 7, 2017 The London Stock Exchange and Deutsche Boerse could pay up to £305m between them to bankers, lawyers, accountants and PRs working on their merger. The top-end estimate was revised up today from £234m in light of an extended probe by the European Commission into the deal. Credit Suisse analysts noted today: We believe merger related [...]