Banks are back: How the UK’s banking sector got its mojo back as dividend payments rise March 26, 2015 The UK’s banks are back on form and could be the best place to invest for good and growing dividends. British banks such as Lloyds, HSBC and Barclays were once the best places to invest for solid dividends. Ten years ago, banks provided a quarter of all dividends in the UK market, according to figures [...]
WANdisco share price soars as HSBC credit line reassures investors August 5, 2014 Shares in WANdisco rocketed as much as 10 per cent in morning trading yesterday, leading the FTSE 250 risers, after the Sheffield-based cloud software firm announced a $10m (£5.9m) credit facility with HSBC to finance its continued expansion into so-called big data. The financing, available until 2017, was seen as a vote of confidence in [...]
C’est bon! French growth surges ahead of the UK May 13, 2015 THE EUROZONE economy picked up in the first quarter of the year, overtaking Britain’s unexpectedly sluggish GDP figures. France’s turnaround was among the most remarkable – its economy grew by 0.6 per cent in the three-month period, double the estimated 0.3 per cent in the UK. Under Francoise Hollande, the French economy dived into recession across 2012 [...]
Coutts & Co under investigation for “aiding and abetting tax evasion” February 26, 2015 Coutts & Co – the Queen's own bank – is being investigated by German authorities for tax evasion. The German prosecutor is examining the Swiss arm of the 300-year-old private bank for “alleged aiding and abetting of tax evasion by certain Coutts & Co clients”, its parent RBS revealed today. “Current and former [...]
Stan Chart and Sainsbury’s lead FTSE 100 risers – London Report June 10, 2015 BRITAIN’S main equity index rallied from three-month lows yesterday, led by advances in banking group Standard Chartered and supermarket chain Sainsbury. Standard Chartered rose 5.8 per cent, with traders citing the possibility that British finance minister George Osborne might announce changes in a tax on the British banking industry when he spoke last night. Any [...]
HSBC profits fall as bank adds $194m to PPI costs August 4, 2014 HSBC has reported a fall in pre-tax profits of 12 per cent to $12.3bn for the first half of 2014, slightly below expectations and barely moving the bank's share price. Revenue also took a hit, falling by four per cent to $31.4bn. Pre-tax profit in Asia was particularly hard hit, falling by close to 15 [...]
City Moves for 26 May 2015 | Who’s switching jobs May 25, 2015 Waverton Investment Management Andrew Fleming has been appointed chief executive of the investment management firm. He was most recently chief executive of Cumulus Group and, prior to that, chief executive and chief investment officer of Aegon Asset Management. He began his career at Gartmore Investment Management, before joining ABN Amro. EY The professional services firm [...]
Elvis & Kresse’s Kresse Wesling on belts, brands and acid rain September 13, 2015 "Love at first sight”. That’s how Kresse Wesling, one half of Elvis & Kresse, describes the first time she saw old fire hoses – the product that underpins her company. The MBE recipient was on a “very dull” environment management course back in 2005. Two fellow course participants were from the London Fire Brigade. [...]
David Cameron’s former adviser Steve Hilton: Bank bosses should be paid the same as top civil servants May 19, 2015 David Cameron's former director of strategy has argued that the bosses of some large banks should be paid the same as top civil service employees. Steve Hilton, now based in Silicon Valley since stepping down from the role in 2012, claims that banks that require bailing out should be considered part of the public sector. [...]
City Moves for 01 June 2015 | Who’s switching jobs May 31, 2015 Aviva Investors The asset management firm has appointed James Tothill as head of third party sales. He joins from Aria Capital Management, where he was head of strategic partnerships. Tothill has also previously worked as head of global partnerships at Henderson Global Investors. State Street Effie Datson has been appointed global head of product for [...]