Shares in Liontrust and Ashmore fall as money managers grapple with ‘challenging economic environment’ July 14, 2023 Shares in FTSE-250 listed money managers Liontrust and Ashmore slumped on Friday morning after both reported fund outflows over the past three months. Liontrust saw net outflows of £1.6bn in the last quarter as it prepares to acquire GAM Holding. Its assets under management (AuM) stood at £29.5bn at June 30, a decrease of six [...]
UBS reinstates dividend and plans share buyback despite second consecutive quarterly loss February 6, 2024 UBS has announced that it will resume share buybacks in the second half of this year and plans to award shareholders up to $1bn (£797m) as it integrates fallen rival Credit Suisse.
London retains title as tech capital of the world as Oxford and Cambridge close in on New York May 30, 2024 A closely-watched league table has once again named London the tech capital of the world, while Oxford and Cambridge are closing in on New York.
Exclusive: London beats European cities to continental tech crown November 22, 2022 London is the most technologically advanced city in Europe, beating Paris, Frankfurt and Madrid, exclusive research shared with City A.M. unveils. The capital’s capacity for world class innovation drove it to the top of the continental rankings in Z/Yen’s sixth smart cities index. New York topped the global rankings, again. The Square Mile’s banks, brokers [...]
Channel Tunnel operator ratchets up plans for Eurostar rival as competition heats up May 6, 2024 A challenger to Eurostar's monopoly is looking increasingly likely and Eurotunnel has said it is ratcheting up preparations.
Federal Reserve green lights UBS-Credit Suisse deal in US April 15, 2023 The Federal Reserve's Board of Governors on Friday said it has approved UBS Group AG's acquisition of the U.S. subsidiaries of Credit Suisse, clearing another major hurdle for the completion of the Swiss-brokered rescue deal.
WH Smith lures Admiral chief Annette Court as new chairwoman to replace Henry Staunton June 8, 2022 Retailer WH Smith has named Annette Court as its new chairwoman to replace Henry Staunton when he retires later in 2022 year after nine years in the post. Ms Court – currently chairwoman of insurer Admiral Group – will join the board as a non-executive director and chair-designate on September 1 before succeeding Mr Staunton [...]
Disney helps propel Excel London to year of record-breaking success June 19, 2024 Excel London, the UK's largest exhibition centre, has had a record-breaking year as a surge in visitors boosts its revenue to its highest level ever.
Time lapse at UBS as CRO Bluhm delays planned photography career April 24, 2023 UBS’ chief risk officer Christian Bluhm postponed plans to focus on his photography today as the bank confirmed he will stay for the “foreseeable future” to handle the acquisition of Credit Suisse. Bluhm, who has been in place since 2016, was planning to handover to Damian Vogel on 1 May. Bluhm had been hoping to [...]
Forget the UK, how has Europe dealt with pro-Palestine marches? November 10, 2023 This week a Yougov poll showed half of the UK thinks the pro-Palestine march planned for this Saturday 11 November ought to be banned. The Home Secretary has dubbed it a “hate march”. The ethics – and law – around banning marches is controversial. In the UK Sir Mark Rowley, head of the Metropolitan Police [...]