Investors await the result of General Election – London Report May 4, 2015 ALL EYES will be on the political polls this week, as the nation gears up for the General Election on Thursday. With little to separate the popularity of the leading parties, the Conservatives and Labour, many expect no party will gain a majority, while many investors and property buyers are holding off from making decisions [...]
Buyout barons dig deep to raise cash for charity May 13, 2015 THE GREAT and good from the M&A world were at The Savoy earlier this week to raise money at Norwood’s inaugural private equity dinner. Entrepreneur Luke Johnson, chairman of Risk Capital Partners, was special guest speaker at the event, which helped raise £135,000 for the charity. Top notch auction and raffle prizes, including two tickets [...]
MP John Mann: Give gongs and money to whistleblowers February 9, 2015 Whistleblowers take big risks to uncover wrongdoing at banks, other firms and in the public sector, and should be rewarded for their bravery, MP John Mann told City A.M. MBEs and OBEs would show society’s thanks for their services, said Labour MP Mann, who sits on the influential Treasury Select Committee (TSC). “Giving honours would [...]
James Bond studio Pinewood announces £30m fundraising to double its capacity March 31, 2015 It's the studio where James Bond has battled villains, Harry Potter has cast off his muggle side and Superman has proven, once and for all, that he's definitely not a bird or a plane. Now Pinewood Studios in Buckinghamshire has announced plans for a £30m share issue to raise funds to help it build extra [...]
From Milifans to the Hound of Hounslow: here’s what got us talking this week April 24, 2015 It was the week which began with the transformation of the Labour leader into an idol (stop cringing at the back, please) and ended with HSBC threatening to leave these fair shores (again)…. Here’s what got us talking this week 1. Election The election campaign trudges on wearily, with a little under two weeks until [...]
Stress tests to hit global banks March 29, 2015 BRITAIN’S biggest international banks will be put through their paces by the next Bank of England stress tests, which will be unveiled today. Standard Chartered, HSBC and Barclays are expected to be pushed hardest by the 2015 tests, which will check how well they would perform if an economic crunch was to hit emerging markets. [...]
How the new Canary Wharf is sailing into the 21st century: With Crossrail Place gardens completed, the East End finance hub marks another milestone May 7, 2015 Canary Wharf has been a centre of upheaval for the last 30 years, and it has no intention of standing still now. It’s already renowned as one of London’s biggest financial hubs but it has also established itself as a shopping, dining and entertainment destination. By the end of the year, it will add “residential [...]
Morrisons back on the offensive: Has the retailer put its darkest days behind it? June 8, 2015 David Potts wasted no time in stamping his mark on Morrisons when he took the helm of the retailer in March. After years of haemorrhaging sales, the ailing supermarket was in urgent need of a turnaround. And for the 58 year-old retail evangelist, that meant not only making sweeping changes at the top – including [...]
City Moves for 07 May 2015 | Who’s switching jobs May 6, 2015 Norton Rose Fulbright The law firm has appointed Richard Hughes as a partner in its London banking and finance practice. He joins from Simmons & Simmons in London. Hughes has over 25 years’ experience as a finance lawyer, and has also worked in-house. Silicon Valley Bank UK The financial services firm has appointed Gavin Hewitt [...]
Scottish independence: HSBC chairman Douglas Flint warns currency uncertainty could prompt capital flight, leaving finances in “parlous state” August 22, 2014 HSBC Chairman Douglas Flint has warned the loss of a combined currency union if Scotland becomes independent could prompt capital flight from the country and leave it in a “parlous” financial state. Writing in the Telegraph, the Scottish-born head of HSBC said a shared currency was a core element of Scotland’s economic benefits. He warned [...]