City Moves for 28 January – who’s switching jobs at Tetra Pak, LOC Group and Relendex? January 28, 2019 Who’s on the move today? Tetra Pak The Tetra Laval Group Board has appointed Adolfo Orive as president and chief executive officer of Tetra Pak, the food processing and packaging solutions company effective 1 April 2019. The appointment follows the decision by Mr Dennis Jönsson to step down from his position after 14 years as [...]
Three reasons why the UK stock market looks compelling May 31, 2019 Whatever the opposite of a sweet spot is, many investors think UK equities are currently in one. With Brexit still unresolved, some have put the market in the “too difficult” basket. While it is understandable to fear uncertainty, as stock pickers we embrace the mis-priced opportunities created by it. The global nature of the market [...]
Lloyds Banking Group could face £150m pensions hit after court ruling October 26, 2018 Lloyds Banking Group could have to pay out up to £150m after the High Court ruled today that it should equalise payments for male and female members of its pension scheme. Three female members of the pension scheme had complained they were being discriminated against as their pensions increased at a lower rate than that [...]
Police charge ‘French Spiderman’ Alain Robert after he climbed London’s Heron Tower October 26, 2018 Police have charged the so-called 'French Spiderman' who scaled Heron Tower yesterday with a public nuisance offence. Alain Robert, 56, is a renowned skyscraper climber and was seen ascending the 754ft Salesforce building at around lunchtime as a number of onlookers watched. Police reprimanded Robert on the scene after they were forced to close off roads [...]
‘French Spiderman’ who climbed London’s Heron Tower handed suspended prison sentence and £5,500 fine October 26, 2018 The man dubbed the "French Spiderman" has been ordered to pay £5,500 in compensation and given a 20-week prison sentence, suspended for two years, after he climbed the Heron Tower in central London yesterday. Alain Robert, 56, was arrested for a 'public nuisance offence' on Thursday afternoon after pulling off the stunt in which he climbed [...]
Follow the money: Brexiter Tories stuff their war chests ahead of leadership election May 10, 2019 The one thing that is always guaranteed to raise eyebrows in British politics – not least since the scandal that rocked this country exactly ten years ago – is MPs’ finances. Amid a greater focus on transparency, Commons members must declare money they earn outside of their salary as an elected representative. For some, this could be [...]
Lloyds Banking Group reportedly plans to set up insurance subsidiary in Luxembourg September 20, 2018 Lloyds Banking Group will reportedly set up a subsidiary in Luxembourg to allow it to serve life insurance customers in the EU after Brexit. The firm has had initial discussions with regulators in Luxembourg on securing a licence for a subsidiary, Reuters reported. The Scottish Widows brand, which Lloyds TSB bought exactly 17 years before [...]
Lloyds Banking Group reportedly plans to set up insurance subsidiary in Luxembourg September 20, 2018 Lloyds Banking Group will reportedly set up a subsidiary in Luxembourg to allow it to serve life insurance customers in the EU after Brexit. The firm has had initial discussions with regulators in Luxembourg on securing a licence for a subsidiary, Reuters reported. The Scottish Widows brand, which Lloyds TSB bought exactly 17 years before [...]
TfL bus provider wins £50m in funding from Lloyds bank for hybrid and electric vehicles September 12, 2018 Transport for London’s (TfL) main bus provider has won £50m in funding from Lloyds Bank to invest in hybrid and all-electric vehicles. Metroline, which owns a fleet of over 1,600 buses, will use the first tranche of funding, totalling £10m, to buy 37 new double-decker hybrid buses. The mayor of London, Sadiq Khan, has pledged [...]
Frankfurt winning race with Paris for Brexit bank moves September 24, 2018 Frankfurt is winning the race to attract the banking jobs moving out of London because of Brexit, with 25 lenders having moved operations there ahead of the UK's departure from the EU, new research published today shows. Paris, which has been aggressively courting the City's financial institutions, has attracted nine moves, while Luxembourg and [...]