Prudential-backed ‘profit with purpose’ firm LeapFrog makes $180m investment in Ghanaian insurer June 23, 2017 LeapFrog Investments, the emerging markets impact investment firm whose tagline is “profit with purpose”, has made its largest investment to date in a Ghanaian insurer. The $180m (£141.35m) cheque was the largest ever written by LeapFrog, and came from the firm’s $350m Strategic African Investments fund in which global insurance firm Prudential is the primary [...]
Pride in London 2017: Barclays leads host of Britain’s biggest firms in support of LGBT+ event June 23, 2017 City stalwarts and some of the UK’s largest companies have rallied in support of Pride in London 2017. A raft of the great and the good from the corporate world have stepped up to sponsor the event. Barclays is one of two headline sponsors together with the Mayor of London office. This year’s event takes [...]
Regulators approach Conservative party over General Election marketing campaign June 23, 2017 Regulators are approaching the Conservative Party following accusations that it broke the law during the General Election campaign. An investigation by Channel 4 claimed the party used communication firm Blue Telecoms to conduct marketing work from a Neath call centre ahead of the election on 8 June. Read more: Bank of England chief economist: Withdraw [...]
Voice of British banking, BBA chief executive Anthony Browne, bows out with shots at EU over euro clearing and protectionism June 23, 2017 The year since the UK voted for Brexit has been dramatic one for banks. Share prices have plunged and recovered, uncertainty has been high and firms have attempted to figure out what jobs and operations, if any, need to be shifted into the European Union. Fortunately, Anthony Browne, the voice of UK banking for the [...]
Banking Brexodus? One year on, this is what banks have said about Brexit and job moves June 23, 2017 In the year since the UK voted for Brexit, one of the hot topics for discussion in the City has been job moves. In February, Brussels think tank Bruegel estimated that 10,000 UK banking positions could be shifted to the EU because of Brexit. One year on from the EU referendum, it is difficult to [...]
EU referendum anniversary: We have four post-Brexit trading options June 23, 2017 There are four dimensions to the UK’s future trading relationship with the EU and the rest of the world. First, whether or not we will be in or out of the Customs Union. Second, whether or not we will be in or out of the Single Market. Third is the potential negotiation of bilateral free [...]
Republicans unveil a nonsensical healthcare reform bill to replace Obamacare June 23, 2017 Nobody knew that healthcare could be so complicated,” Donald Trump declared, 38 days into his presidency. His party has been having similar difficulties. After seven years of vocally opposing Obama’s Affordable Care Act (ACA), Republicans found at the start of this Congress that designing a replacement that slashes taxes while keeping the current system’s most [...]
One year on from the referendum, is there a case for the UK staying in the European Economic Area? June 23, 2017 One year on from the referendum, is there a case for the UK staying in the European Economic Area? YES – Alasdair Smith, professor of economics at the University of Sussex. The European Single Market applies the same regulatory rules across the EU. Cars can be built in the UK using parts from all over [...]
Peter Hambro has been ousted from board of gold miner Petropavlovsk by rebel shareholders June 22, 2017 Peter Hambro, the co-founder of gold miner Petropavlovsk, has lost the battle for his seat on the board at its annual general meeting (AGM) today. A group of shareholders with a combined 40 per cent stake in Petropavlovsk led a resolution to oppose the re-election of Hambro and three other non-executive directors. The stakeholders had [...]
Japanese banks Nomura and Daiwa Securities Group to shift London resources to Frankfurt after Brexit June 22, 2017 Two Japanese banks are to shift some of their London operations to Germany as a result of the UK’s Brexit vote. Nomura is planning to set up a new EU base in Frankfurt, with fewer than 100 UK staff expected to be moved to the German city under the plans. The firm currently has around [...]