Why Am I So Single? review: Six the Musical creators return with the most fun new show in the West End
City Moves for 12 September – Who’s switching jobs at Stobart Aviation, the Hymans Robertson Foundation and RBC Capital Markets? September 12, 2019 Today’s City Moves includes Stobart Aviation, the Hymans Robertson Foundation and RBC Capital Markets. Stobart Aviation Former BA Cityflyer general manager Luke Hayhoe has joined Stobart Aviation as aviation business development director as it works to boost relationships with its customer airlines at London Southend airport, Carlisle Lake District airport and Teesside International Airport. Luke, [...]
Top investment bank fees slide across the board in 2019 amid deals slowdown in Europe and US August 9, 2019 Fees at all but one of the world’s 20 largest investment banks tumbled in the first half of 2019, as fewer mergers in Europe and a global slowdown in initial public offerings (IPO) dented corporate pay cheques. Europe’s investment banks earned a combined $13.3bn (£11bn) worth of fees in the first half of 2019, plunging [...]
Pension superfunds need help to avoid early retirement May 10, 2019 Nobody said it would be easy. For the pension industry’s new generation of consolidation vehicles, getting out of the starting blocks is turning into a protracted affair. The two to have shown their hands so far – the Pension Superfund and Clara-Pensions – have impressive boards, promises of funding and bulging deal pipelines, yet months [...]
Cathay Pacific urged to end ‘white terror’ by Hong Kong unions August 23, 2019 Trade unions in Hong Kong have called on Cathay Pacific, the airline caught up in tensions between Chinese authorities and anti-government protests in the city, to end “all forms of white terror”. The Hong Kong Confederation of Trade Unions (HKCTU) called a news conference following the dismissal of the head of Cathay Dragon’s Airlines Flight [...]
Making his mark: HSBC chairman plans boardroom cull February 22, 2018 HSBC Holdings’s new chairman is planning a dramatic boardroom cull, with one third of directors slated to leave. Three non-executive directors will not stand for re-election at the firm’s next annual general meeting, Sky News has reported. These include Deutsche Boerse chairman Joachim Faber, who joined HSBC’s board in 2012. This will streamline the board [...]
Airtel Africa to raise $750m in London listing June 4, 2019 Africa’s second-largest mobile operator Airtel Africa said today it intends to raise $750m (£591m) in a float on the London Stock Exchange. The telecoms group said it will pursue a premium listing on the main market of the stock exchange, meaning it will float at least 25 per cent of its shares. The group is [...]
Lloyds’ 2019 profit sinks after £2.45bn PPI charge February 20, 2020 Lloyds Banking Group revealed its 2019 profit sank 26 per cent today as it said it must pay out £2.45bn to settle payment protection insurance (PPI) claims. The figures Lloyds recorded profit before tax of £4.39bn, down 26 per cent on 2018, after the £2.45bn PPI charge. Underlying profit slipped seven per cent to £7.5bn [...]
Government issued ‘Corona Bonds’ are inevitable. Could blockchain provide the answer to efficiency and transparency of their issue? April 21, 2020 Price Watch The crypto market has had a positive week with the total market cap once again heading north of the US$200bn mark and at the time of writing, Bitcoin (BTC) was trading at US$7,050.62 / GB£5,685.18; Ethereum (ETH) is at US$179.39 / GB£144.70; Ripple (XRP) is at US$0.1894 / GB£0.1520; Binance (BNB) is at [...]
In memoriam: Ian Taylor 1946-2020 January 16, 2021 Ian Taylor, who died in June of last year, ran Vitol for two decades. He was well-liked in the City not just for his business acumen, but for his philanthropy – which, it was revealed last week, continued after his death. Bloomberg reported he left £1m to the Royal Opera House and significantly more than [...]
Struggling Metro Bank drafts in two senior directors July 22, 2019 Under-fire lender Metro Bank has drafted in two new senior executives as the firm looks to revamp its reputation after a turbulent six months. The high street bank said this afternoon that it has appointed a new chief information officer and chief transformation officer following a major accountancy error that has rocked investor confidence. Read [...]