Mario Draghi wants the UK to stay in the European Union as he unveils date for big bazooka June 2, 2016 Mario Draghi has explicitly called on UK voters to reject Brexit and choose to stay in the EU in the 23 June referendum. The president of the European Central Bank (ECB), speaking in Vienna this afternoon, did not hedge his bets, saying point blank: "The UK should remain in the EU. "The EU will benefit [...]
Before the bell: What you need to know before the US market open June 23, 2016 Polls are open for the UK's European Union membership vote. Markets are betting people will opt to stay however and rallying around the world. Here's what you need to know before the US market open at 2:30pm London time. In the pre-market the S&P is up by 0.95 per cent, while the Nasdaq is one per cent higher. [...]
City heavyweights join shadow business secretary Angela Eagle to decide the corporate winners of this year’s LGBT Awards April 6, 2016 Distinguished business figures met in the capital today to decide the British LGBT Awards corporate winners The judging panel, made up illustrious names across the banking, finance and legal sectors, met up with shadow business secretary Angela Eagle to pick out winners for an array of gongs that praise the hard work done by Square Mile staffers [...]
A family affair: How Ben and Ollie Black built their childcare empire June 6, 2016 Two minutes with the Black brothers and Laurel and Hardy come up. “You know, ‘another fine mess you’ve got me into’,” says Oliver Black, describing how he initially conceived of working with his brother. “I spent Christmas trying to convince Ollie that I knew about buying a company,” says Ben Black. The pair bought failing childcare [...]
Brace yourself, bosses: Leading investor reveals it shot down resolutions at almost one in five AGMs last year April 25, 2016 As companies such as Shire and AstraZeneca brace themselves for a rocky AGM season, one major asset manager has today revealed that it has been voting no for some time now. Legal & General Investment Management (LGIM), which held assets worth over £750bn at the end of 2015, has revealed that it shot down at least one resolution at [...]
City Moves for 29 March 2016 | Who’s switching jobs March 29, 2016 Deverell Smith Deverell Smith, specialists in temporary and permanent property recruitment, has announced the appointment of Prunella Milligan as head of new homes temporary recruitment. Prunella previously worked for Deverell Smith for three and a half years from 2010 in business support recruitment before joining Savills in 2013 as an onsite new homes sales negotiator. [...]
Get out your glad-rags: City heavyweights have been shortlisted for the British LGBT Awards 2016 February 18, 2016 It's been called the "Gay Oscars" by loyal fans; the shortlist for this year's British LGBT Awards is now public, and London's financial firms are forerunners for a few gongs. Shattering perceptions of stuffy conservatism, business leaders and global corporations including Barclays, Citi and Goldman Sachs have been shortlisted for accolades ahead of the big night at London's Grand [...]
Gett is buying black cab firm Radio Taxis March 30, 2016 On-demand black cab app Gett is buying up a long-established black cab fleet, upping its stake in the battle for London's roads. Gett has made an all-cash offer for Radio Taxis owner Mountview House Group. It's understood to be a multi-million pound deal, however, the terms and value have not been disclosed. "Radio Taxis has a long, proud history and we [...]
What businesses can expect from Theresa May’s self-consciously pragmatic Conservatism August 4, 2016 From what retailers sold in their shops to their advertising, David Cameron seemed to have a view on everything businesses did. While they might not have approved of it all, businesses understood what he was thinking. Not so with Theresa May. May intervenes in public debate sporadically, on bigger issues and with more focus. She [...]
Japanese and European investment banks agree merger to create global M&A advisory May 9, 2016 A Japanese investment bank has agreed a merger with a European peer to create one of the world's largest listed M&A advisories. The combination of Japan's GCA Savvian and Altium creates a new international investment bank operating across ten countries, in cities such as London, Manchester, Tokyo, San Francisco, New York, Mumbai, Frankfurt and Tel Aviv. Read more: These two [...]