A stay at Valsana Hotel in Switzerland, the geothermally powered Alpine retreat January 4, 2019 These days, a sense of wellbeing isn’t just about body and spirit but also about leaving a lighter carbon footprint. Which is why the new, eco-friendly Valsana Hotel is the perfect place to spend an Alpine spa weekend without feeling that you’ve given Mother Nature a battering. The Valsana is Switzerland’s first hotel to be [...]
Shareholders cash in as Hitachi snaps up ABB division for nearly £8bn December 17, 2018 ABB shareholders will pocket the cash as it sells off its least profitable business arm for between $7.6bn and $7.8bn (£6bn-£6.2bn) to Japanese conglomerate Hitachi. The deal values the power grids unit at $11bn and leaves ABB with a nearly 20 per cent stake, with the option to sell in three years. It comes after [...]
Court short: Will Brexit loosen the UK’s legal grip? December 2, 2018 Last Thursday, Russian oligarch Oleg Deripaska squared off against a fellow Russian businessman Vladimir Chernukhin in court 15 of London’s Rolls Building, while in court 28 two Romanian oil companies went toe-to-toe, and in Court 19 a Russian bank litigated against some of its former shareholders. London has developed into a pre-eminent international dispute resolution [...]
Top of the class: London retailers post best results in Europe to push Paris into second place November 12, 2018 London’s West End has weathered problems on the high street to keep its position as the top of the European retail league, while seven of the top 10 shopping centres are in the UK. Shoppers spent almost €10.4bn (£9.1bn) on and around Oxford Street, Knightsbridge and Kensington for the year ending November, a 12 per cent [...]
Shares in Zurich Airport operator plunge after warning on potential revenue hit November 12, 2018 Shares in the operator of Zurich airport have dived by nearly 17 per cent following its estimation that revenues could plummet if proposed regulatory changes are enforced. Flughafen Zurich shares were down 16.42 per cent at the time of writing, after the operator warned that changes proposed by the Federal Office of Civil Aviation (Foca) could [...]
City Moves for 30 October – who’s switching jobs at Target Fund Managers, Argentex and White & Case October 30, 2018 Here’s who’s switching jobs today. Target Fund Managers Target Fund Managers, the external manager to Target Healthcare REIT (THRL), the UK-listed specialist investor in purpose-built care homes, is pleased to announce three appointments to support it in its strategy to manage and grow THRL. Maria Gaurino joins as healthcare director and brings over 18 years [...]
Goldman Sachs-backed flexible working startup Coople raises $21m October 25, 2018 On-demand staffing startup Coople has today announced the close of its latest funding round at $21m (£16.3m), backed by One Peak Partners, Goldman Sachs Private Capital and Harbert European Growth Capital. Based in Zurich and in London, Coople's platform matches workers looking for flexible jobs based on their experience, star rating, location and availability with registered companies [...]
ABB chairman breaks away from Saudi mega-city project amid Khashoggi case October 21, 2018 Former Shell chief executive and chairman of Swiss engineering firm ABB Peter Voser is the latest high-profile figure to distance himself from the advisory board of Saudi Arabia's $500bn £382.5bn) mega-city project Neom. The move follows the exit of a string of global business and political leaders from an upcoming investment conference in Riyadh. International ties to the region have been breaking [...]
City Moves for 2 October 2018 – who’s switching jobs at KL Communications, Barclays and CBRE? October 2, 2018 Today’s City Moves cover comms, corporate broking and property. Take a look at these movers and shakers: KL Communications KL Communications, the financial PR and communication consultancy, has hired Charles Gorman to lead its listed company practice. Charles, who joins from Neustria Partners, specialises in advising listed investment and specialty financial companies on their strategic [...]
How psychology explains why we make money mistakes and our attitude to financial risk September 26, 2018 Many of us don’t think that we’ll ever experience a financial shock, whether that’s the boiler breaking down, an unexpected bill, or having to take extended time off work due to sickness or injury. Despite this, the Financial Conduct Authority found that more than half of UK adults show one or more signs of [...]