Citigroup and BNP Paribas named in case against Huawei finance boss August 21, 2019 Citigroup and BNP Paribas have been dragged into an ongoing US court case against the chief financial officer of Chinese tech firm Huawei. The banks have been named in documents published by a Canadian court as part of extradition proceedings against Meng Wanzhou, who is currently under house arrest in the country. Read more: US [...]
JP Morgan set to pip rivals for Saudi Aramco mega-float September 8, 2019 Bankers at JP Morgan Chase could get bragging rights by leading history’s biggest public float, it was revealed. The company is close to winning the role as adviser to Saudi Aramco as it looks to hit stock markets potentially as early as November, Reuters reported, citing sources. The decision is not final, and could be [...]
DEBATE: Does the Hong Kong Exchange boss have any chance of winning over LSE shareholders? September 26, 2019 Does the Hong Kong Exchange boss have any chance of winning over LSE shareholders? YES, says Benedict Spence, a freelance writer. The Hong Kong Stock Exchange’s takeover attempt may not sit well with some elements of the city, nor with some in Westminster, but at a time of insecurity over the future of the nation’s [...]
Can business models like Wework’s really work? November 7, 2019 Flexible businesses can, by their very nature, roll with the punches and evolve as their customers do. But the recent pace of change at WeWork has shown that even the most flexible of businesses can be at risk. Those of us in the property industry cannot fail to have noticed how WeWork has become central [...]
Brexit day is here – but does the rest of the world even care? January 31, 2020 Today is the day that many have dreaded, many have dreamed of and a lot thought might never come. At 11pm, just as the first pubs begin to close, the United Kingdom will quietly slip out of a side door to exit the European Union, ending our membership of a club we’ve been in for [...]
Hong Kong protests: Police use tear gas to disperse crowds after petrol bombs thrown August 24, 2019 Hong Kong police have fired tear gas to break-up protests against the government on Saturday after activists there petrol bombs and bricks. Four MTR subway stations have been closed around a densely populated area of east Hong Kong called Kwun Tong, as thousands packed the streets to protest. Read more: HSBC urges peace amid Hong [...]
US stocks and FTSE 100 plunge after Fed’s long recovery warning June 11, 2020 The FTSE 100 suffered its worst daily drop since late March, with US stocks plunging into the red after the Federal Reserve effectively crushed hopes of a quick recovery. London’s blue-chip index closed down 3.99 per cent after crashing as much as 2.66 per cent this morning. And US stocks also crashed, with the Dow [...]
Lloyds Bank boss defends pay and pension perks as MPs accuse him of greed June 19, 2019 Lloyds Bank boss Antonio Horta-Osorio has defended his pay packet and pension perks in a grilling by MPs. Horta-Osorio, who as Britain’s best-paid boss took home £6.3m last year, insisted his pay packet was in line with the market rate for major bank chief executives. Remuneration committee chairman Stuart Sinclair told MPs the bank’s boss [...]
Swiss Re suspends plans for £3bn float of UK insurer Reassure July 11, 2019 Swiss Re has put off its plans for a £3bn listing of its British life insurance arm Reassure in the wake of weak investor demand. The reinsurance giant blamed “heightened caution and weak underlying demand” from institutional investors for the postponement of its initial public offering (IPO). Trading in the shares, which were set to [...]
The impact of coronavirus on dividends April 2, 2020 As UK banks temporarily suspend all dividend payments, we discuss the effect coronavirus could have on a vital source of income for investors. What’s happening to dividends? The coronavirus crisis and oil price war are having a profound impact on economic growth and the cash position of companies. Many businesses in the most affected sectors [...]