Why Am I So Single? review: Six the Musical creators return with the most fun new show in the West End
HSBC’s second largest shareholder revealed as Chinese insurance giant Ping An December 6, 2017 Chinese insurance giant Ping An today emerged as HSBC’s second-largest shareholder. A regulatory filing revealed Ping An had snapped up a chunk of shares taking it over a regulatory threshold. The insurer increased its interest in Britain’s biggest bank from 4.96 per cent to 5.01 per cent. Ping An’s £7.3bn stake makes it HSBC’s second-largest [...]
Government rejects calls for stronger links between CEO and employee pay June 13, 2019 The government’s response to calls for stronger links between chief executive pay and that of other employees has been branded a “missed opportunity” by MPs. The Business, Energy and Industrial Strategy (BEIS) committee had called for recent reforms to link CEO pay to the rest of the workforce to be extended and for firms to [...]
Message in a Block: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue” May 12, 2020 Price Watch Last week saw Bitcoin (BTC) surge to the US$10,000 mark before crashing 15% stabilising at a similar level to my last edition of City AM’s Crypto Insider and, at the time of writing, was trading up at US$8,907.44 / GB£7,241.09; Ethereum (ETH) is at US$188.68 / GB£153.22; Ripple (XRP) is at US$0.1962 / [...]
Airtel Africa’s London float to value it at £3bn – £3.6bn June 17, 2019 One of Africa’s largest telecoms businesses said today it would float in London at a value of £3bn to £3.6bn. Airtel Africa announced the price range for its upcoming listing, setting its share price at 80p to 100p. The offer is expected to comprise 595m to 744m new shares to raise gross proceeds of approximately [...]
Vodafone taps up Onecom for partner deal June 16, 2019 Onecom has today announced a deal with Vodafone UK – the telecoms giant’s largest ever signed partnership – which will allow the two to reach combined business of £600m over the next five years. Following a £30m funding deal with HSBC last month, Onecom said its deal with Vodafone aims to deliver more than £100m [...]
HSBC takes $188m hit from Carillion and Steinhoff write-downs February 20, 2018 HSBC has been forced to take a $188m (£135m) hit from the fallout of collapsed contractor Carillion and troubled retailer Steinhoff. In its annual results presentation, the British banking giant said loan write-downs were “mainly driven by two individual corporate exposures”. City sources said the two companies in question were Carillion and Steinhoff. HSBC was [...]
The big business invasion of the co-working world is bad news for entrepreneurs August 15, 2019 In recent years, the co-working market has exploded. It has become such big business that WeWork, one of the earlier entrants to the space, is now valued at $47bn and is preparing for an initial public offering. The total number of sites and seats available is estimated to have roughly doubled each year since 2005. [...]
Airtel Africa planning to raise $1bn in London listing May 28, 2019 Africa’s second-largest mobile operator Airtel Africa today said it is considering a London listing to cut its debt. The telecoms group, which is owned by Bharti Airtel of India, could raise up to $1bn (£790m), Reuters reported, in a float that could value the business at around $5bn. The company said today that it was targeting [...]
Wework poaches Facebook executive as it gears up for stock market float July 9, 2019 Wework has poached senior Facebook executive Martin Ott as the firm looks to beef up its management team ahead of its highly-anticipated stock market debut. Ott, who previously served as Facebook’s managing director for central Europe, will join the flexible workspace firm as managing director for EMEA, City A.M. can reveal. Read more: EMA to [...]
Female fintech leaders highlighted as sector faces continued lack of gender diversity February 28, 2019 Senior figures at major banking and professional services firms including HSBC, Barclays, Schroders and Monzo have been recognised on a list of women excelling in Fintech. A total of 35 women including HSBC head of digital innovation Diana Biggs, Starling Bank founder Anne Boden and Monzo chief technology officer Meri Williams were highlighted on Innovate [...]