Watch out, Tories – Labour has got its anti-capitalist mojo back September 28, 2018 I started my week in Liverpool. It’s a great city. It’s got soul. It’s got a clear identity. And it’s clearly on the up. In the past week, all those words could apply to the main opposition party that just might be capturing the zeitgeist of middle Britain. Rubbing alongside those delegates partying by [...]
City Moves for 11 September 2018 – who’s switching jobs at Deloitte, RBC GAM and Dechert? September 11, 2018 Today's City Moves cover tax, asset management and legal eagles. Take a look at these movers and shakers: Deloitte Deloitte has appointed Willo Renehan as a tax partner to its private markets team. Willo will be based in London, specialising in private businesses and focusing on building relationships with large privately held groups and FTSE [...]
Bank of England’s Mark Carney spreads Christmas cheer with Brexit assurances for EU banks December 20, 2017 The governor of the Bank of England (BoE) has attempted to spread a little festive cheer after the EU’s chief Brexit negotiator insisted that a financial services deal was off the table. In response to Michel Barnier’s position (which saw him dubbed “Scrooge” by City lobbyists yesterday) Mark Carney has assured EU banks that they [...]
Bank of England plans to allow EU banks in the UK lighter regulation option after Brexit December 20, 2017 The Bank of England (BoE) has today announced it will allow European wholesale banks to operate as branches in the UK after Brexit, removing the threat of a much stronger regulatory regime which bankers feared would harm their profits. European wholesale banks and insurers will be able to apply for authorisation to operate as a [...]
Brexit negotiator Michel Barnier says City firms will lose financial passports when UK leaves EU November 20, 2017 The EU’s Brexit negotiator Michel Barnier has said that City firms will lose their financial passports when the UK leaves the EU. Speaking at a Centre for European Reform conference, Barnier said: “On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit. Everywhere.” He added: “They say there will be [...]
M&G Investments adds to pressure on Unilever to back down on abandoning London PLC September 18, 2018 M&G Investments today became the latest major investor to threaten to vote against Unilever's decision to abandon its London PLC in favour of a new Dutch holding company. The maker of Marmite and Dove soap is under severe pressure from City investors, who fear they could be forced to sell the shares in funds limited [...]
M&G Investments adds to pressure on Unilever to back down on abandoning London PLC September 18, 2018 M&G Investments today became the latest major investor to threaten to vote against Unilever's decision to abandon its London PLC in favour of a new Dutch holding company. The maker of Marmite and Dove soap is under severe pressure from City investors, who fear they could be forced to sell the shares in funds limited [...]
Legal & General joins growing shareholder revolt against Unilever plans to quit London September 28, 2018 The investment arm of Legal & General (L&G) is set to vote against Unilever’s plans to ditch its London headquarters and the FTSE 100 to incorporate solely in the Netherlands next month. The investment giant took the unusual step of revealing its voting plans before Unilever’s crunch shareholder meeting on 26 October to decide its future. [...]
Citi boosts Paris office ahead of Brexit with hires from UBS July 9, 2018 Citigroup has hired two bankers from UBS and relocated another top manager as it seeks to boost its Paris investment bank office shortly before the UK leaves the EU. The US bank's chair of continental Europe, Luigi de Vecchi, will relocate to Paris from Milan to oversee a "long-term commitment and investment that we are [...]
City Moves for 28 November – who’s switching jobs at Irwin Mitchell, Capita and Wilko? November 28, 2018 Who’s switching jobs today? Irwin Mitchell National law firm Irwin Mitchell has recruited a new senior lawyer for its national real estate department. Michelle Beaumont has joined the firm’s Leeds office as partner. She joins from the Leeds office of Pinsent Masons, having joined that firm in 2006. Michelle has experience of working on a [...]