City Moves for 2 October – Who’s switching jobs at Stonehage Fleming, Clyde & Co and CPMG? October 2, 2019 Today’s City Moves includes Stonehage Fleming, Clyde & Co and CPMG Stonehage Fleming Wealth management company Stonehage Fleming has appointed John Connolly as the new chairman of its board. John brings extensive corporate and professional services experience to Stonehage Fleming, having held several significant chairmanships during a career that includes 45 years at accountancy and [...]
UK business groups call for more help and predict a collapse in output May 1, 2020 UK manufacturing output is likely to plunge by more than 55 per cent in the second quarter as demand evaporates due to the coronavirus outbreak, an industry body has said. It added that firms are set to need more government support as the lockdown is eased. The warning came as a survey showed that the [...]
KKR denies approaching embattled NMC Health on possible offer February 11, 2020 KKR has ruled out a possible takeover of NMC Health, one day after the embattled FTSE 100 hospital operator said it had been approached by the US investment firm. NMC Health said yesterday that it had received approaches regarding potential takeover offers from KKR and GK Investment Holding, but KKR this morning denied making an [...]
Reckitt Benckiser share price leads FTSE 100 as Mead Johnson acquisition pays off | City A.M. July 27, 2018 Consumer goods firm Reckitt Beckiser raised sales guidance this morning, as it unveiled unexpectedly strong performance in its recently acquired nutrition business. The firm received final approval for its acquisition of Mead Johnson, which makes infant formula brand Enfamil. But it has exceeded expectations in the year since then. The group was leading the FTSE [...]
Wall Street stocks rally and oil prices rise on hopes of an end to US-China trade war November 16, 2019 The three major US stock indexes rallied on Friday on hopes that an end to the US-China trade war is near. The S&P 500 posted its sixth straight week of gains as it finished Friday’s session 23.83 points or 0.77 per cent up at 3,120.46. Read more: US President Donald Trump to visit UK ahead [...]
This week: GBP / EUR Update March 13, 2020 Brexit concerns faded into the background this week as the market focused on the coronavirus pandemic. At the beginning of the week, UK equities opened around 9% below Friday’s closing levels, putting pressure on sterling. The emergency rate cut from the Bank of England midweek had an immediate effect, pushing the pound lower before it [...]
AstraZeneca claims victory over EU in vaccine deliveries case, but will be fined for late supplies June 18, 2021 AstraZeneca claims victory over EU in vaccine deliveries case
Michael Bloomberg joins crowded US presidential race November 24, 2019 Donald Trump made history after becoming the first New York billionaire to move into the White House, but now it looks as if a fellow titan of the Big Apple is hot on his feels. Michael Bloomberg officially kicked off his campaign to become the next US president today, entering an already-packed field of Democratic [...]
Bitcoin Is Here To Stay August 25, 2020 At a time of economic uncertainty, I’m certain about one thing: Bitcoin is here to stay. How can I be so confident? In its short life, Bitcoin has already been counted out numerous times. There is even a website that tracks each of its obituaries. However, each time it has come back stronger, and most [...]
Align directors’ pensions with workforce or risk shareholder dissent, companies told September 27, 2019 Companies that do not produce credible plans to pay executive directors the same pension contributions as their workforce by the end of 2022 risk further shareholder dissent over the issue, a new report by the Investment Association (IA) has warned. The IA said it would begin giving firms that breach its guidelines on directors’ pensions [...]