London, this is Scotland calling… November 16, 2016 To paraphrase the comedy legend, Billy Connolly: "Never trust a man who, when left alone with a tea cosy, doesn't try it out for size." He had a point. And this same sense of innovation is not lost on Scotland's financial sector. Over the decades major multinationals have tried Scotland out for size, and found it a perfect fit for their [...]
Over to you, Mark II: City A.M. Shadow MPC votes for interest rate cut August 4, 2016 City economists have called on Mark Carney to pull the trigger and cut interest rates for the first time in seven and a half years today. City A.M.’s Shadow monetary policy committee (MPC) voted five to four in favour of slashing rates to a new all-time low of 0.25 per cent. Futures markets indicate a [...]
City heavyweights join shadow business secretary Angela Eagle to decide the corporate winners of this year’s LGBT Awards April 6, 2016 Distinguished business figures met in the capital today to decide the British LGBT Awards corporate winners The judging panel, made up illustrious names across the banking, finance and legal sectors, met up with shadow business secretary Angela Eagle to pick out winners for an array of gongs that praise the hard work done by Square Mile staffers [...]
Arbuthnot Banking Group share price rises by more than four per cent after posting 52 per cent jump in profits as subsidiary Secure Trust Bank re-affirms interest in Williams & Glyn March 17, 2016 Shares in Arbuthnot Banking Group rose by more than four per cent this morning after the bank reported a 52 per cent rise in annual pretax profits, with performance boosted by growth in its private and retail banking businesses. Arbuthnot said pretax profit rose to £34.2m for the year ended 31 December, up from £22.5m the year [...]
Vodafone chooses Britain to launch new jobs as part of multi-billion pound home investment March 13, 2017 Mobile operator Vodafone will today announce the creation of 2,100 jobs in one of the largest single UK employment expansions in recent years. The new roles are part of Vodafone’s ongoing £2bn investment in Britain. Customer service positions will be created in the north of England, the Midlands, Scotland and Wales Read more: Vodafone: Two reasons to [...]
Barclays customers can now use Apple Pay… finally April 5, 2016 It's been a long old wait, but Barclays has finally jumped on board the Apple Pay bandwagon. Barclays is the last of the major banks to support Apple Pay in the UK, letting customers pay with just the swipe of their iPhone or Apple Watch. “Since we introduced contactless to the UK in 2007, it’s [...]
FCA bans RBS Libor submitter from working in financial services April 12, 2016 The FCA has banned former Royal Bank of Scotland staffer and Libor submitter Paul White from working in regulated financial services again, saying it would have fined him £250,000 "were it not for White's serious financial hardship". White, who worked as a Japanese Yen (JPY) and Swiss Franc (CHF) Libor submitter, is "not a fit and proper [...]
Co-op focuses on London and South East expansion as it sets its sights on 100 new store openings next year December 28, 2016 The Co-operative Group is planning to spend £70m to open 100 new stores across the UK in 2017, creating around 1,500 new jobs. The supermarket has said the new Co-op convenience outlets will be predominantly based in London and the South East, with other stores in Yorkshire, Scotland and Wales. Read more: Co-operative Group profit [...]
A Spring is in the air this May – Shareholder revolt set to build with Aviva and Reckitt Benckiser meetings May 3, 2016 Company bosses are braced for further uprisings this week. Consumer goods group Reckitt Benckiser, insurance giant Aviva, and FTSE 250 hedge fund Man Group all host shareholders for their annual general meetings. Last week the shareholder spring picked up pace as investors voted against boardroom pay rewards for engineering firm Weir Group and Shire, the FTSE [...]
Standard Life and Aberdeen Asset Management announce merger plans March 6, 2017 Standard Life and Aberdeen Asset Management have agreed terms of a recommended all-share merger. The firms announced the plans to the Stock Exchange this morning, confirming reports of a deal over the weekend. Shares in Standard Life jumped nine per cent at the open, while Aberdeen's stock was up six per cent. Aberdeen shareholders will [...]