City Moves for 30 April 2019 – Who’s switching jobs at Harworth, Oaknorth and Alvarez & Marsal? April 29, 2019 Today's City Moves includes Harworth, Oaknorth and Alvarez & Marsal. Harworth Land and property regenerator Harworth has announced that Ian Ball will be made its first ever chief operating officer on 1 May to support the ongoing growth and evolution of its business. This role will provide additional oversight over the business’ new regional operating [...]
Interserve lenders to increase shareholders’ stake in £500m rescue plan February 22, 2019 Interserve lenders are set to increase the stake that shareholders would own in the company from 2.5 per cent to 5 per cent under new terms for the £500m rescue package. Lenders, which include hedge funds such as Angelo Gordon and Davidson Kempner as well as banks like RBS and HSBC, are discussing doubling equity owned [...]
Disney closes $71bn takeover of 21st Century Fox as it puts Netflix in its sights March 20, 2019 Disney has completed its mammoth $71bn (£54bn) takeover of 21st Century Fox in a deal that transforms the media landscape and puts Netflix’s domination at risk. The deal, which went through shortly after midnight in New York, sees Disney take control of Rupert Murdoch’s film and TV business, as well as National Geographic and a controlling [...]
Extinction Rebellion targets Blackrock in protest over ‘climate criminals’ October 14, 2019 Extinction Rebellion protesters today targeted the London headquarters of Blackrock as they set their sights on the City over its role in what they describe as a looming environmental emergency. Climate activists glued themselves to the doors of the asset management giant, while others staged a mock dinner party with rolled up banknotes on their [...]
Around 1,000 jobs lost as Jamie Oliver’s restaurant business collapses May 21, 2019 Around 1,000 workers have been made redundant after celebrity chef Jamie Oliver's restaurant chain collapsed into administration following failed attempts to secure additional investment. Jamie's Italian has appointed KPMG as administrators, the company confirmed today, and 23 of the brand's 25 sites have closed. Read more: Shell's kitchen: Jamie Oliver launches petrol station food range HSBC, which is the company's main [...]
City Moves for 15 April 2019 – Who’s switching jobs at Herbert Smith Freehills, Trussle and Osborne Clarke? April 15, 2019 Today's City Moves includes Herbert Smith Freehills, Trussle and Osborne Clarke. Herbert Smith Freehills Herbert Smith Freehills partner Chris Bushell has been elected as the new vice-president of The London Solicitors Litigation Association (LSLA). Chris, who is also the organisation’s membership secretary, is a former member of the Junior LSLA Committee and has been actively [...]
‘No justice’: Mike Ashley voices anger as Debenhams thwarts his takeover bid March 29, 2019 Mike Ashley has railed against Debenhams’ move yesterday to thwart his takeover offer, saying “if there were any justice in the world the majority of the advisors would be put in prison”. Read more: Debenhams bondholders back £200m rescue loan in blow to Ashley bid The billionaire owns a 30 per cent stake in the department [...]
HSBC chairman Mark Tucker said to be eyeing shopping spree November 12, 2017 HSBC chairman Mark Tucker is on the lookout for potential acquisition targets, according to shareholders quoted by the Sunday Times. Tucker reportedly told shareholders that he has an “optimistic view” that expansion could add to profits. American credit card firm Synchrony Financial could be one target, according to unnamed sources cited by the Sunday Times. [...]
HSBC global banking boss leaves within two years of joining November 23, 2017 The joint boss of HSBC’s global banking division will leave the bank within the next week after less than two years with the firm. Matthew Westerman, co-head of global banking and a group general manager, will leave the British banking giant after gaining a reputation for a hard-driving management style. Westerman joined HSBC from US [...]
BT’s brand value drops as new boss prepares image overhaul May 21, 2019 The value of telecoms giant BT’s brand slumped this year as new chief executive Philip Jansen prepares to overhaul the company’s image. BT dropped two rankings to 10th place this year as its brand value, which is calculated as the net economic benefit its owner would receive if it licensed the brand in the open [...]