Deutsche Bank appoints new corporate governance chief and expands role March 24, 2016 Deutsche Bank has appointed a new head of corporate governance and has significantly expanded the role, the bank announced today. Daniela Weber Ray, who has been head of global governance since June 2013, will be succeeded by Florian Drinhausen on 1 April. The expanded role will unite "[a]ll functions that have responsibility for governance matters", bringing together [...]
Glencore share price falls after sale of agriculture stake disappoints April 6, 2016 Glencore shares fell today, after investors were left disappointed by the commodities miner and trader's sale of a minority stake its agriculture arm to Canada's largest pension fund. Glencore today confirmed it had sold a 40 per cent stake in its agriculture division to the Canada Pension Plan Investment Board (CPPIB) for $2.5bn (£1.8bn). The Swiss group's shares had popped at the [...]
City Moves for 19 April 2016 | Who’s switching jobs April 19, 2016 Savills Real estate group Savills has acquired the City investment team from Deloitte Real Estate, led by Jamie Olley. Jamie and his colleagues Thomas Reeves, Jamie Binstock and David McArthur provide investment advisory services focused solely on the City of London. The team will relocate to Savills City office in mid-June, and will work alongside Savills’ [...]
Metro Bank achieves £400m equity capital target, ahead of float on London Stock Exchange under MTRO ticker with £20 per share offer price March 4, 2016 Challenger bank Metro Bank has today announced that it has reached its target of raising £400m equity capital. The bank, which was founded in 2010 and opened its first store in Holborn, intends to have a so-called introduction to the London Stock Exchange on Monday, meaning it will float without a public sale under the ticker MTRO. "From a [...]
Leaving the EU is a walk into the unknown that would put our prosperity at risk June 14, 2016 As arguments on either side of the EU referendum debate are increasingly cast as products of fear or fantasy, an objective assessment is becoming, for the many in the undecided camp, increasingly difficult. I appreciate that there are emotional and political considerations in this important debate. But I prefer to see it in purely business [...]
The revolution will be monetised: Activist investors are closing in on a record year November 5, 2015 Activist shareholders are shaking up corporate boardrooms in record numbers as they look to exert their influence at a time of swelling company cash piles. Incidents of shareholders pushing for change in Europe have risen 126 per cent since 2010, according to data published yesterday. So far this year, the UK has been a hotbed of investor [...]
City Moves for 23 February 2016 | Who’s switching jobs February 23, 2016 The Moment The Moment, an international content agency that specialises in bespoke training solutions, has appointed Sir Jonathon Band as chairman of its advisory board, for its advanced digital learning division. Jonathon will oversee quarterly meetings that will guide and challenge the capability of the learning business. Jonathan joined the Royal Navy after graduating from [...]
Prime Minister David Cameron calls two-day visit from Indian Prime Minister Narendra Modi an “historic opportunity” November 12, 2015 Prime Minister David Cameron has called Indian Prime Minister Narendra Modi’s first official visit to the UK today an “historic opportunity” for the relationship between Britain and India, signalling billions of pounds of deals and other financial partnerships. Modi is in Britain for a two-day visit which will today include one-on-one talks with Cameron at [...]
EU data protection law: Professional services firms warn that businesses will need to work hard to adapt to legal changes, which carry potential pricey fines December 16, 2015 Professional services firms have warned that businesses might struggle to adapt to recently agreed upon changes to EU data protection laws, which include fines of up to four per cent of annual global turnover for a breach. Late yesterday evening, European Parliament and Council of the European Union negotiators agreed on a data protection package, designed [...]
Open letter to the chancellor: Don’t cut London transport November 23, 2015 This week’s Spending Review will require the chancellor to make difficult decisions. Cutting investment in transport in London would be a very false economy. With a population growing by 100,000 a year, continued investment is needed to keep not just Londoners but the Treasury’s tax take from the capital moving. Parts of the Underground need [...]