Xavier Rolet: The tenure of the London Stock Exchange dealmaker in chief comes to an end November 29, 2017 Life can be tough at the top, but Xavier Rolet has made it look easy, serving for more than eight years as chief executive of the London Stock Exchange (LSE) Group. During that time he has been widely credited with transforming the company, stemming a slow decline and guiding it through a succession of daring [...]
Wizz Air eyes bigger expansion in London as it secures collapsed airline Monarch’s Luton Airport slots November 29, 2017 Hungarian airline Wizz Air has secured a number of take-off and landing slots at Luton from collapsed airline Monarch. It announced today it will add two aircraft to its fleet at London Luton, taking its total at the airport to seven, saying more routes will be unveiled in due course. Read more: British Airways owner [...]
East Eight Victorian school conversion in Hackney is on sale with Urban Spaces November 29, 2017 There’s something to be said for going back to school – especially when it’s as architecturally grand as this one in east London. This imposing Victorian establishment in the heart of London Fields was converted into a series of trendy loft apartments nearly 20 years ago called East Eight and they rarely go on sale. [...]
Brewin Dolphin profits leap as new advice proposition makes a splash November 29, 2017 Wealth manager Brewin Dolphin has seen its share price rise today, after its full-year results revealed business was going swimmingly. Profits before tax were up 14.8 per cent to £70m, exceeding analysts’ expectations, while assets under management rocketed by 13 per cent to £40.1bn. Brewin Dolphin also revealed that it was launching two new advice [...]
Leaping into a decision on a new broadband Universal Service Obligation would be a mistake November 29, 2017 The government is currently offering a £1.1bn package of measures to support the market delivery of digital networks underpinned by full fibre broadband. A key pillar of that plan, under the Digital Economy Act 2017, is to create a new broadband Universal Service Obligation (USO), which is geared towards everyone in the UK having access [...]
FCA head Andrew Bailey calls for Brexit transition arrangements between UK and EU November 29, 2017 The head of the Financial Conduct Authority has urged the UK and the EU to outline a transition agreement as soon as possible. Speaking to a Lords sub-committee today, Andrew Bailey said he was not hopeful the government would achieve a signed agreement, but some form of commitment would be important. Read more: German central [...]
Carney praises efforts to reduce misconduct in financial markets, but hints that some rules may be dropped post-Brexit November 29, 2017 Bank of England governor Mark Carney today praised the efforts made by financial market players and regulators to reduce misconduct in the industry. Speaking on the second anniversary of the Fair and Effective Markets Review, which was designed to help prevent abuse of the fixed income, currency and commodities (FICC) markets, Carney said the industry [...]
Andreas Dombret, German Bundesbank executive board member, calls for clearing business to stay in London November 29, 2017 A German central banker today called for financial services clearing to stay in London, in a bid to build bridges between the UK and the EU post-Brexit. Andreas Dombret, executive board member of the Bundesbank, said the movement of companies to Frankfurt prompted by the Brexit vote would bring the German financial centre closer to [...]
Board of the London Stock Exchange accuses activist fund manager Sir Chris Hohn of sabotaging Xavier Rolet’s succession November 29, 2017 The board of the London Stock Exchange (LSE) has today accused activist hedge fund TCI of “damaging” the bourse’s reputation, through its efforts to reinstate outgoing boss Xavier Rolet. In a letter seen by City A.M., the board accused TCI and its boss Sir Christopher Hohn of launching “a public, concerted and highly personalised campaign” [...]
Uber hack: 2.7m UK riders and drivers affected by huge data breach – more than half of all users November 29, 2017 Uber has revealed that 2.7m riders and drivers in the UK have been affected by a massive hack of data – more than half of its users in the country. It’s the first time any figure has been given for the UK specifically since the hack, in which information such as email addresses, names, and [...]