Jeremy Corbyn says he backs growth firms – but time will tell what his values mean in practice September 29, 2015 Mark Twain's suggestion that “there is no such thing as a new idea” is particularly true of politics. The Labour leadership campaign injected new energy into the Labour party, and plenty of new members. Jeremy Corbyn yesterday rode the crest of that wave through his first party conference speech, receiving several standing ovations. It [...]
City Moves for 25 September 2015 | Who’s switching jobs September 24, 2015 LIONTRUST The fund management group has announced the appointment of Antonio Forte to its international sales team. He joins from Skandinaviska Enskilda Banken, and has also held positions at Luxgest Asset Management and Philip Morris International. PWC Andrew Claymore has been appointed director in the professional services firm’s financial services corporate finance team. He was [...]
Standard Chartered gifts Bill Winters £6m golden hello September 24, 2015 Standard Chartered is clearly pinning its hopes on knight in shining armour Bill Winters, gifting its new chief executive more than £6m in shares. The golden hello of just over 899,000 shares is being paid as compensation for "the value of share interests" in Renshaw Bay, the hedge fund he founded after leaving JP Morgan [...]
Banks brace for tax showdown: City giants warn jobs and growth are at risk from Whitehall interference September 21, 2015 Unpredictable and excessive taxes are pushing the British banking sector to the brink, according to a major new report by a leading industry body. The British Bankers’ Association (BBA) and PwC reveal that the UK banking sector contributed an estimated total of £31.3bn in taxes last year, and warn of the risk posed to [...]
As MI5’s chief Andrew Parker warns of a tech terror risk, is new electronic surveillance legislation justified? September 17, 2015 Robin Simcox, a research fellow at the Henry Jackson Society, says Yes The threat posed by terrorism has arguably never been higher. Yet in recent years, UK intelligence agencies have been increasingly unable to access the data needed to protect national security. These problems have been exacerbated by the Snowden leaks, which led to networks [...]
Ex-StanChart chief executive Peter Sands in talks to advise the UK government September 10, 2015 The former chief executive of Standard Chartered is reportedly in talks to become an informal, unpaid government adviser. Peter Sands, who left the bank in June, will help the government navigate changes in the UK labour market according to the Financial Times. However Sands won't have a direct role in financial regulation, and a formal [...]
EU data boost FTSE amid hope for China upturn – London Report September 9, 2015 The UK’S top share index rallied yesterday, extending its gains from the previous session with a boost from better-than-expected Eurozone second quarter GDP data and hope for further market stimulus on Chinese markets. The FTSE 100 was up 1.2 per cent at 6,146.10 points at the close, lagging blue-chip German stocks. The European Union’s statistics [...]
Glencore pulls FTSE up on back of debt scheme – London Report September 8, 2015 BRITAIN’S top share index rose yesterday, led into positive territory by Glencore after the mining and commodities trading firm announced a plan to cut billions of dollars in debt in the face of weakening metals prices. The FTSE 100 was up 31.60 points, or 0.5 per cent, at 6,074.52 points at the close, rallying after [...]
South east and London hit hardest as UK homebuyers faced £3.6bn repair bill on properties September 5, 2015 Those who bought a home and failed to look into the condition of the property they were moving into faced a total repair bill of close to £3.6bn in 2014, according to new research. Research from e.surv, the UK’s largest chartered surveyor, shows that in July 2015 alone, UK homebuyers faced “unexpected repairs worth over [...]
JP Morgan Cazenove stays ahead of rival Bank of America Merrill Lynch in top broker battle August 31, 2015 JP Morgan Cazenove’s capture of Barclays’ coveted broking mandate has helped the investment bank stretch its lead at the top of the latest adviser rankings. The bank, which brokers giants like Vodafone and Standard Chartered, has 34 FTSE 100 clients, seven more than its nearest rival Bank of America Merrill Lynch, according to the [...]