Good vs. bad active fund management: three indicators April 21, 2020 Do you ever wonder whether your active fund is worth the management and performance fees you charge? Would passive investments have yielded similar or better outcomes for your clients? If you haven’t asked yourself these questions, you can be sure your clients have asked themselves. And they will continue to, measuring what you deliver with [...]
Sainsbury’s profit plummets after spending £46m on failed Asda merger May 1, 2019 Sainsbury’s profits tumbled 42 per cent last year as the supermarket giant spent £46m on its failed merger with Asda, it revealed this morning. Read more: Watchdog kills Sainsbury's-Asda merger: What went wrong? The supermarket suffered a body blow last week when the Competition and Markets Authority (CMA) banned the proposed merger “in its entirety”, a [...]
Sainsbury’s begins search for new banking chief as Peter Griffiths prepares to retire January 3, 2019 Sainsbury’s has begun the search for a new chief executive of its banking division after confirming Peter Griffiths will step down next year. Griffiths, who has been in charge of Sainsbury’s Bank since 2012, will step down in 2020, Sky News first reported. The supermarket chain confirmed it was in the “early stages” of finding [...]
Bank of England delays cyber stress test as it focuses on Brexit December 5, 2018 The Bank of England (BoE) will delay work on a cyber stress test for banks as it focuses on Brexit preparations, according to minutes published today. The BoE’s financial policy committee (FPC) said it will put off a scheme to test how banks react to cyber attacks, which was due to launch early next year. [...]
Watchdog to launch in-depth probe into Paypal’s iZettle takeover December 5, 2018 The UK’s competition watchdog plans to launch an in-depth investigation into PayPal’s takeover of iZettle amid fears it could drive up prices for customers. The Competition and Markets Authority (CMA) said it is concerned the deal could negatively impact future competition for mobile payment services, which it said could result in higher prices or lower quality service [...]
Why digital infrastructure could emerge stronger from Covid-19 August 28, 2020 The Covid-19 pandemic has accelerated the need to modernise digital infrastructure networks. We expect that this will create new investment opportunities. Surging online activity Whether we like it or not, the Covid-19 pandemic has cemented our addiction to fast and reliable internet access. While speaking to colleagues remotely, food shopping online or monitoring our ‘smart [...]
Morrisons and Tesco flag concerns over Sainsbury’s-Asda merger December 4, 2018 Morrisons and Tesco have added their voice to the growing chorus of retailers which have spoken out against the proposed £12bn merger between Asda and Sainsbury’s. Both grocers have this week brought into question Sainsbury’s planned takeover of rival Asda, which would see Britain’s second and third largest supermarkets overtake Tesco to the top spot. [...]
The US OCC clears path for banks to custody crypto July 23, 2020 As the great State of Wyoming leads the way in the USA for crypto and blockchain friendly banking (thanks to the tireless efforts of Caitlin Long, Tyler Lindholm and Jared Olsen) and with Texas saddling up to follow suit, huge news came out of the US as the Office of the Comptroller of the Currency [...]
John Menzies’ takeover of Airline Services ready for takeoff after CMA gives green light January 17, 2019 Aviation services firm John Menzies’ shares nudged up in early trading as the group announced it had been given the green light on its takeover of London-based company Airline Services. The Competition and Markets Authority (CMA) approved the buyout this morning, meaning Menzies can go ahead taking control of the firm in a deal originally [...]
City Moves for 15 March 2019 – Who’s switching jobs at WBD, Deezer and BBC? March 14, 2019 Today's City Moves includes Womble Bond Dickinson, Deezer and the BBC. Womble Bond Dickinson Transatlantic law firm Womble Bond Dickinson (WBD) has appointed Audrey Koh as a partner in the firm’s London office. Specialising in white collar crime, Audrey will strengthen the firm’s key sectors of expertise, in particular financial institutions, energy and natural resources, [...]