Twenty-one investment lessons from history September 6, 2017 | City Talk Some investors give short shrift to analysis. They position portfolios to appease outside consultants, fickle clients, or their own institutional sales force. In many cases, they just buy what feels right. Other investors drown themselves in corporate road shows, insane travel schedules, monstrous spreadsheets. and detailed company reports, completely oblivious to the lessons of [...]
Baroness Bitcoin of Arabia: Michelle Mone and Douglas Barrowman on their delve into the world of cryptocurrency September 6, 2017 Baroness Michelle Mone, and her billionaire property mogul partner Douglas Barrowman, this morning open the sale of two 40-storey residential towers spanning 2.4m square feet in Dubai. Building a huge complex in the Emirates isn’t itself remarkable – the Middle Eastern playground for the rich is peppered with luxury apartments, largely paid for in state-owned [...]
Brevan Howard US fixed income head jumps ship and heads to Barclays September 6, 2017 A top trader from Brevan Howard’s New York office has left the renowned hedge fund to head up Barclays' macro trading team. The exit comes after City A.M. revealed last week that Brevan Howard’s chief operating officer had resigned and the fund was considering headcount reductions in New York and Israel. Michael Lublinsky will start [...]
Deutsche Bank bags Tesco’s Thomas Nielsen as its new chief digital officer for global transaction banking September 5, 2017 Deutsche Bank has hired Tesco’s chief digital officer, Thomas Nielsen. The German firm said today that Nielsen, as chief digital officer for global transaction banking, will drive its “digitalisation strategy”. At Tesco, Nielsen was responsible for a portfolio of digital platforms, websites and apps, including loyalty programme Clubcard. He previously spent more than 20 years [...]
Speechwriters, take a leaf out of Donald Tusk’s book September 5, 2017 I have a crush on Donald. No, not that Donald: not the illiterate, illiberal charlatan with a knack for whiny 5am tweets. The subject of my thoughts is the President of the European Council Donald Tusk. And my crush is strictly professional: I think he is one of the most skilled communicators around. This is [...]
London ranked the most prosperous spot in the UK, but its growth is slowing against other regions September 5, 2017 London has held its position as the UK’s top spot for prosperity, but growth in the capital is lagging against a backdrop of fluctuating economic conditions and Brexit negotiations, new research suggests. Barclays Wealth & Investments’ annual UK prosperity map, which will be published today, found London’s growth was slowing across a range of indicators [...]
UK drone firm wins the backing of Japanese industrial giant Mitsui August 31, 2017 A UK-based drone company is set to receive a $4m (£3m) investment from Japanese conglomerate Mitsui. Sky Futures provides drone-based industrial inspection technology. With drones, companies can more safely inspect industrial equipment like oil rigs. The strategic partnership, to be announced today, is launched in tandem with Prime Minister Theresa May’s visit to Japan. It [...]
What happens to the markets if America goes to war? August 31, 2017 | City Talk The stock market hates uncertainty, and there is plenty of uncertainty with respect to the tensions over the latest round of North Korean missile tests. This post, originally published 13 September 2013, focused on the violence in the Middle East, specifically Syria, and the potential that the United States could enter the conflict and [...]
It’s official: A £90m Knightsbridge flat is the most expensive home on record August 31, 2017 The £90m purchase of an apartment in Knightsbridge is the most expensive residential property transaction ever recorded by the Land Registry, it turns out. Capital FM owner Ashley Tabor bought the massive four-bedroom penthouse flat at 199 Knightsbridge in April this year, with plans to knock it through into the apartment he owns next door [...]
Big Data will make or break the businesses of the next decade August 31, 2017 To survive the next decade, businesses will need to be able to utilise Big Data. Buzzword or not, it’s probably the most important feature of the fourth industrial revolution, a new economic asset that will define the near future of commercial evolution. Structured data has been used by companies for a long time, but Big [...]