Eddie Redmayne is a son of the City – dad Richard Redmayne is “an absolute gent” and chairman of Cantor Fitzgerald Europe’s corporate finance division February 24, 2015 Although Eddie Redmayne was the toast of Hollywood on Sunday night as he picked up his Oscar for Best Actor, mention the Redmayne name in the City and it’s not Eddie that springs to mind. Richard, Eddie’s father, is as familiar with the Square Mile as Eddie now is with the Academy Award’s red carpet. [...]
City Moves for 19 March 2015 | Who’s switching jobs March 18, 2015 DLA Piper Sam Szlezinger has been appointed partner in the law firm’s competition team, part of its litigation and regulatory group. He joins from Dentons, where he has been a partner since 2001. Szlezinger advises on EU and UK competition law matters. Intelligent Energy The energy technology group has appointed Sarah Wojcik as head of [...]
Tesco first quarter results and AGM: Three things to expect from Friday’s figures June 21, 2015 Tesco will update the market on its first-quarter figures – the first since reporting its biggest ever loss – while executives will face shareholders at its AGM. Here's what to expect from the supermarket on Friday. 1. The numbers will continue tumbling The supermarket’s first quarter is unlikely to tell a different story from the [...]
HSBC may end Libya presence after 55 years July 6, 2014 HSBC is believed to be planning to close its representative office in Tripoli, bringing to an end a presence in Libya going back 55 years to 1959. The plan is part of ongoing efforts by chief executive Stuart Gulliver to reduce costs by drawing back from markets where the banking giant does not have a [...]
HSBC to pull out of Libya after 55 years in the country July 6, 2014 HSBC is set to close its representative office in Tripoli, Libya, which manages investments for the bank in the North African country, according to The Telegraph. The bank opened the office in 2006, after nearly 50 years of operations in the state. The Tripoli branch was most recently closed in 2011, during a civil war [...]
Brexit and the City: Business and Brussels – to stay or split? April 27, 2015 HSBC chairman Douglas Flint entered a political firestorm last week when he said Britain’s biggest bank was considering moving its headquarters out of the UK. Speaking at the company’s annual general meeting (AGM) in London on Friday, Flint said the bank was looking to relocate in part due to uncertainty over the UK’s relationship [...]
Standard Chartered profit dives 22 per cent in the first quarter April 28, 2015 British bank Standard Chartered has said that profit before tax fell by 22 per cent in the first quarter of 2015, as it quashed speculation that it could be eyeing a move east. Pre-tax profit fell to $1.47bn (£96.2) in the first three months of the year, largely due to the performance of its corporate and [...]
General Election 2015: Labour’s non-dom tax change would hit some of UK’s biggest banks April 12, 2015 Labour's pledge to scrap non-dom tax status would affect top employees at some of London’s leading banks, including RBS, Lloyds and Barclays. Under the non-domicile rule, those with a permanent home abroad currently do not have to pay UK tax on overseas earnings. Only their UK income is taxed, although they have to pay £30,000 [...]
More Greek tragedies, plus another excuse to break the internet: What got us talking this week February 20, 2015 Greece was still the word The cat-and-mouse game between Greek finance minister Yanis Varoufakis and his German counterpart, Wolfgang Schaeuble, had everyone guessing. The result? At the time of writing, the Eurogroup was still in negotiations. In the meantime, we've been trying to work out exactly what Varoufakis' leather jacket means, who Greece actually owes, [...]
Pat Burke to head HSBC in the United States June 16, 2014 HSBC’S US arm will be run by Pat Burke from November, the bank said yesterday. The 52-year-old is taking over from Irene Dorner, who has spent 32 years at HSBC. Incoming chief executive Burke has spent the last four years in charge of the US consumer finance division, a position he took in 2010 from Niall [...]