Lloyds Banking Group chief executive Antonio Horta-Osorio sells £3.5m of shares in the bank August 2, 2019 The chief executive of Lloyds Banking Group Antonio Horta-Osorio today sold £3.5m of shares in the bank, according to stock market filings. Horta-Osorio sold 6.75m shares at an aggregate price of 52p, the filing shows. The value of the shares sold exceeded £3.5m. Lloyds’ share price fell 2.8 per cent today to 51.3p. Following the [...]
Revolut hopes to win round cynics with heavyweight hires November 12, 2019 Fast-growing fintech firm Revolut will confirm today the worst kept secret in the City; Martin Gilbert, the asset management titan, is to become its new non-executive chairman. The move – unsurprising though it may be – is a stark reminder of the startup company’s ambitions to become a global bank. In the last six months [...]
Coronavirus: What does entertaining look like in a post-pandemic world? April 8, 2020 What will life be like after the Coronavirus? What will restaurants be like? What kind of holidays will we have? Who will be going to concerts? I’m pretty sure it’s not what you expect… how do I know? Well, at Ten Group – the world’s most successful lifestyle concierge service (“TENG” on the London Stock [...]
Shares in housebuilders and UK banks jump on new Brexit deal optimism October 11, 2019 Shares in UK housebuilders and banks jumped this morning on renewed optimism a Brexit deal is achievable. Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar met yesterday, with Varadkar saying he believes a deal is possible by 31 October. Read more: Sterling barrels past $1.25 as Donald Tusk welcomes progress on Brexit talks [...]
Diversity can prepare City firms for uncertain times ahead October 1, 2019 City bosses need to keep the issue of diversity and inclusion high on their agenda as the UK heads into uncertain times and use it as a tool to both leverage opportunity and improve resilience, according to a panel of experts. In the first of a series of events hosted by City A.M., executives from three of the City’s largest [...]
Saudi Aramco hires bankers for megalisting August 20, 2019 Saudi Aramco has hired investment banks Lazard and Moelis to advise on its plans for its megalisting, expected to be the largest in history. The two banks have started preparing the initial public offering (IPO), Bloomberg reported, citing sources. Read more: Lower oil prices hit Saudi Aramco earnings It comes as a boost to Lazard, [...]
African trade finance group Afreximbank eyes London listing October 9, 2019 The African Export-Import Bank, is considering an initial public offering (IPO) of global depositary receipts on the London Stock Exchange (LSE), in what could be a rare boost for the UK’s stock market. The bank, which is also known as Afreximbank, said it was weighing a listing on London’s main exchange. It is already listed [...]
Shares in concierge firm Ten Lifestyle rise as it lifts full-year forecasts September 9, 2019 Shares in Ten Lifestyle ticked up this morning after the travel and concierge firm said it expected annual loss to be narrower than previously forecast. Read more: Nearly all BA flights cancelled as pilot strikes begin In a trading update ahead of its full-year results, Ten said it is set to report net revenue in [...]
Creditors of Gulf Marine Services look at hiring adviser as part of debt negotiations August 27, 2019 Lenders to London-listed group Gulf Marine Services (GMS) are reportedly nearing the appointment of an adviser to boost their efforts in renegotiation talks over the firm’s current debt terms. Abu Dhabi Islamic Bank, HSBC, and Abu Dhabi Commercial Bank are among the creditors looking at picking an adviser, according to Reuters, which reported that two [...]
How will Blockchain revolutionise financial services? April 22, 2020 In a recent PwC report, it was estimated that distributed ledger technology could reduce financial services infrastructure cost between US$15 billion and $20 billion per annum by 2022. This would positively impact both business and consumer banking in many unexpected ways. To truly understand the magnitude of the problem Blockchain can solve, one should look [...]