Cisco is making $1bn investment in UK tech including $150m IoT startup venture backing July 9, 2015 Cisco is making a major long-term investment in UK tech with $1bn of investment and the creation of hundreds of jobs. The tech company which already employs 7,000 people in the UK – its biggest market – is also eyeing up acquisitions here, continuing a spree that has seen the company buy up five tech [...]
Warren Buffett’s hat-trick of woe: Billionaire loses $1bn as Coca-Cola, IBM and Tesco share prices crash October 21, 2014 Billionaire investor Warren Buffett lost $1bn yesterday after shares in his second biggest investment Coca-Cola crashed to a six-year low, capping a torrid week for the 84-year old after similar misfortunes with IBM and Tesco. Buffett’s 400m shares in the soft drinks firm fell $2.61 each, reducing the value of his holding by $1.1bn after [...]
Sheffield shows why manufacturing and finance enjoy a glorious synergy August 2, 2015 My title might be “lord mayor of the City of London”, but really that’s quite misleading. It’s my job to represent the whole of the UK’s financial and professional services industry, wherever it’s based. London may well be the largest single financial services centre in the UK, but 1.7m of the 2.1m people employed by [...]
Israel’s property is going sky high: Tel Aviv’s Meier-on-Rothschild tower is a symbol of the city’s rapidly-growing residential market July 23, 2015 The ancient 3,000-year old city of Tel Aviv, which was built during the Ottoman Empire, with its stone houses and narrow streets, is transforming rapidly into one of the most progressive and international destinations on the planet. With an international, young, and stylish crowd, Israel’s largest metropolitan city has a record-breaking number of tech [...]
Warren Buffett’s second “huge mistake”? IBM shares slide 7.5 per cent in pre-market trading as it admits fall in profits October 20, 2014 It has only been a few days since Warren Buffett admitted buying nearly four per cent of Tesco was a "huge mistake", but now another one of the legendary investor's big gambles is looking shaky. IBM said sales fell four per cent to $22.4bn (£13.9bn) in the three months to the end of September – [...]
City Moves for 24 June 2015 | Who’s switching jobs June 23, 2015 PwC Alex Petsopoulos has been appointed partner in the professional services firm’s cyber security practice. He joins from Deloitte, where he was a partner in its security practice. Petsopoulos has over 14 years’ experience in the IT industry. State Street Global Advisors State Street’s asset management business has appointed Greg Ehret as president. He has [...]
City Moves for 26 June 2015 | Who’s switching jobs June 25, 2015 Baker Tilly The professional services firm has appointed Kenny McLean as a director in its consulting practice. He joins from Certeco, where he was a director overseeing client change programmes. McLean has also held roles at KPMG, IBM, SAP and EDS. CBRE The commercial real estate services and investment firm has announced two appointments to [...]
Wall St knocked as Twitter tanks on leaked result – New York Report April 28, 2015 VOLATILITY was the name of the game yesterday, although two of the three major US stock indexes as the Dow and S&P 500 ended a rollercoaster session higher, helped by strong earnings from Merck and gains in IBM after it boosted its dividend, while the Nasdaq fell with Apple. Just before the close, shares of [...]
City Moves for 28 May 2015 | Who’s switching jobs May 27, 2015 Tokio Millennium Re The reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co has announced the appointment of Mark Julian as head of its UK branch. He joined Tokio Millennium Re (UK) in 2008 and assumed the dual role of chief risk officer and chief actuary in 2011. Baker & McKenzie Julia Hayhoe has [...]
Monitise share price jumps as firm agrees IBM partnership July 21, 2014 Mobile payments firm Monitise yesterday announced it has expanded its partnership with US business giant IBM to deploy new mobile banking, payments and commerce solutions. Shares in Monitise jumped 4.1 per cent yesterday to close up at 44p. The deal combines IBM’s financial services and retail industry expertise with Monitise’s mobile banking and payments capabilities. [...]