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Business

  • One Bartholomew Lane put on the market for £104m

    September 13, 2018

    A major City building is being put up for sale for more than £100m today, City A.M. can reveal. One Bartholomew Lane, which is located opposite the Bank of England in the heart of the Square Mile, currently houeses South Korea’s sovereign wealth fund and the Agricultural Bank of China (one of China’s three largest [...]

  • Lehman lives: Administrators approach the end of the road a decade on

    September 13, 2018

    It is known as one of the biggest corporate collapses ever, so it will probably surprise some people that Lehman Brothers still employs a significant number of people. The firm still occupies office space in Citi’s headquarters in Canary Wharf, after moving out of 25 Bank Street in 2009, as the more than decade-long task [...]

  • Lehman lives: Administrators approach the end of the road a decade on

    September 13, 2018

    It is known as one of the biggest corporate collapses ever, so it will probably surprise some people that Lehman Brothers still employs a significant number of people. The firm still occupies office space in Citi’s headquarters in Canary Wharf, after moving out of 25 Bank Street in 2009, as the more than decade-long task [...]

  • Goldman Sachs shakes up top team as Solomon prepares to take the helm

    September 13, 2018

    US bank Goldman Sachs has installed a new chief finance officer and new chief operating officer as incoming chief executive David Solomon prepares to take control. The bank named Stephen Scherr as its new finance boss, replacing Martin Chavez. Chavez, who has served as finance chief since May 2017, will return to the bank’s trading [...]

  • Goldman Sachs shakes up top team as Solomon prepares to take the helm

    September 13, 2018

    US bank Goldman Sachs has installed a new chief finance officer and new chief operating officer as incoming chief executive David Solomon prepares to take control. The bank named Stephen Scherr as its new finance boss, replacing Martin Chavez. Chavez, who has served as finance chief since May 2017, will return to the bank’s trading [...]

  • Playboy given green light to sue BNP Paribas arm over unpaid casino cheques

    September 13, 2018

    Playboy has been told it can sue BNP Paribas's Italian subsidiary for deceit over unpaid cheques by a gambler who vanished after using its Mayfair casino. Playboy Club, which operates a members-only club and casino in the high-flying district, has been pursuing Banca Nazionale Del Lavaro for providing a credit reference to Lebanese gambler Hassan [...]

  • Playboy given green light to sue BNP Paribas arm over unpaid casino cheques

    September 13, 2018

    Playboy has been told it can sue BNP Paribas's Italian subsidiary for deceit over unpaid cheques by a gambler who vanished after using its Mayfair casino. Playboy Club, which operates a members-only club and casino in the high-flying district, has been pursuing Banca Nazionale Del Lavaro for providing a credit reference to Lebanese gambler Hassan [...]

  • UK ‘would be mad’ to restrict flow of scientists into the country after Brexit, Oxford Biomedica exec warns after $842m deal boosts profits

    September 13, 2018

    Growing pharmaceutical firm Oxford Biomedica has said the UK “would be mad” to restrict the flow of scientists as it reported a profit swing after landing an $842m (£643m) deal. The London-listed biopharmaceutical firm signed the multi-million-dollar deal with Axovant Science for its Parkinson's disease treatment in June. It also penned a $105m agreement giving Bioverativ [...]

  • UK ‘would be mad’ to restrict flow of scientists into the country after Brexit, Oxford Biomedica exec warns after $842m deal boosts profits

    September 13, 2018

    Growing pharmaceutical firm Oxford Biomedica has said the UK “would be mad” to restrict the flow of scientists as it reported a profit swing after landing an $842m (£643m) deal. The London-listed biopharmaceutical firm signed the multi-million-dollar deal with Axovant Science for its Parkinson's disease treatment in June. It also penned a $105m agreement giving Bioverativ [...]

  • General Motors recalls 1m pickup trucks and SUVs in the US over faulty power-assisted steering

    September 13, 2018

    General Motors (GM) is recalling more than a million pickup trucks and SUVs in the US over a fault to its power-assisted steering that can shut down while in use.  GM is recalling certain models of the Chevrolet, including the 2015 Silverado and GMC Sierra 1500 pickups. The Chevy Tahoe and Suburban SUVs have also been affected, [...]

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