Qatar outbids Chinese for £1.1bn HSBC tower October 27, 2014 The Qatar Investment Authority is understood to have made a £1.1bn offer for the HSBC tower, seeing off the likes of China Life and Ping An to become the preferred bidder in one of the biggest-ever UK property deals. The tower was put up for sale by South Korea’s National Pension Service in April, with [...]
FTSE retreats as Morrisons and Glencore drop – London Report September 15, 2015 BRITAIN’S top share index fell yesterday, with miner Glencore and supermarket group Morrisons underperforming as weak Chinese data and the possibility of a US rate rise weighed on markets. The blue-chip FTSE 100 index had initially risen but then lost ground to close 0.5 per cent lower at 6,084.59 points as caution crept in before [...]
Leaving London: Half of those living in the capital want to leave – here’s where they want to move to August 13, 2015 Is everyone in London packing their bags for more than just a holiday? There's talk of leaving London flying all over the place – from HSBC to the liberal left, apparently, and a third of Londoners think they'd be better off elsewhere due to the stress and expense of living in the capital. Now, it's not [...]
Bank of Cyprus mulls re-listing stock in London August 2, 2015 THE BANK of Cyprus is weighing plans to move its stock market listing from Athens to London next year. The business, led by former RBS banker John Hourican and chaired by the ex-Deutsche Bank boss Josef Ackermann, has a primary listing in Cyprus, but wants to move its secondary listing to London to boost liquidity, [...]
Revealed: the European funds hit hardest by last week’s market turbulence September 2, 2015 The funds suffering the biggest losses after last week’s global stock market chaos have been revealed, as FE Trustnet data shows the European fallout from last week's market turbulence. The worst-performing fund was Aberdeen Global European Equity Ex UK, which gets the unflattering crown after it suffered a 6.19 per cent loss over the month [...]
Lord Mayor tours London firms on City Giving Day October 1, 2015 Shoes were shined, ties were straightened, balloons were inflated and cakes were freshly baked for the arrival of Lord Mayor Alan Yarrow at dozens of the Square Mile’s banks and financial institutions to mark City Giving Day, where he saw first-hand what they do to give back to society. Joined by company leaders from [...]
Dame Colette Bowe on her plans for the Banking Standards Board December 7, 2015 Sitting in a small office around the corner from the Bank of England, former Ofcom chair Dame Colette Bowe says that her new job barely resembles her earlier days as a regulator. “We’re very different from being a regulator,” Bowe tells City A.M. “Regulators have statutory duties, as well as statutory powers. Regulators can say: [...]
Watchdog visits Barclays four times a week as FCA takes on Barclaycard oversight July 20, 2015 Barclays was visited by UK regulators on 186 separate occasions last year – more than twice as many times as the next most-visited lender, figures published yesterday show. The bank met with supervisors from the Financial Conduct Authority at its offices roughly four out of every five working days in 2014. The next most visited, [...]
Oxford so passe August 13, 2015 STUDENT satisfaction remains undented by higher fees, according to yesterday’s national survey, but more surprising are the unis making students happiest. Concerned your offspring didn’t get the right A-levels for international relations at Durham today? Don’t worry, topping the survey were lesser-known schools from Keele to Surrey. Oxbridge certainly seems to dominate the business landscape, [...]
Apple Pay launches in the UK: Where to use it, how to use it, which iPhone you need and how it works July 14, 2015 If you're the proud owner of an iPhone 6, 6 Plus or Apple Watch you can now spend your cash with little more than the flick of a wrist. Apple Pay has today launched in the UK, allowing people to use near field communication on their iPhones to tap and pay for items worth [...]