Top investment bank fees slide across the board in 2019 amid deals slowdown in Europe and US August 9, 2019 Fees at all but one of the world’s 20 largest investment banks tumbled in the first half of 2019, as fewer mergers in Europe and a global slowdown in initial public offerings (IPO) dented corporate pay cheques. Europe’s investment banks earned a combined $13.3bn (£11bn) worth of fees in the first half of 2019, plunging [...]
Political fallout threatens future of Westminster Holocaust memorial August 8, 2019 The fate of a proposed £100m Holocaust memorial in the heart of Westminster is hanging in the balance following a major political fallout. The memorial, which has been widely backed by MPs and will also include a learning centre, has been proposed for Victoria Tower Gardens on Milbank, a world heritage site. Read more: Sadiq [...]
Boris Johnson reveals immigration overhaul to attract ‘brightest and best’ after Brexit August 8, 2019 Boris Johnson has announced immigration shakeup that would see the cap on the number exceptional talent visas scrapped to attract the “brightest and best” to the UK. The Prime Minister said a new fast-track visa route would allow Britain to attract world-class specialists in science, technology and engineering after it leaves the European Union. Read [...]
World bond market sets quarterly record after boom in first-half activity August 8, 2019 The world’s green bond market hit a record quarterly high in the last three months, as investor appetite in environmental assets picked up pace. Issuers brought $66.6bn (£54.8bn) of green bonds to market globally in the second quarter of 2019, propelling issuance in the first half of the year and shattering records. Read more: Climate [...]
TfL suspends online Oyster system following breach August 8, 2019 Transport for London (TfL) has temporarily suspended access to customers’ Oyster and contactless online accounts after over 1,000 customers had their details accessed maliciously. Approximately 1,200 accounts have been accessed maliciously, forcing TfL to shut online accounts to protect customers’ data. Read more: TfL revises junk food ad ban after rules spark confusion No customer [...]
Britain reaches deal to stay in Interrail scheme following row August 8, 2019 Britain will keep its membership of the European Interrail scheme following a row in which the UK rail body claims it was pushed out. The Rail Delivery Group (RDG), which represents UK train operators, said it had reached an agreement with Eurail, the company that runs the scheme that allows travel across Europe with a [...]
Ex-Greene King chief exec pockets £850,000 after quitting August 8, 2019 Former Greene King chief executive Rooney Anand received a pay out of £850,000 after he quit the pub chain. The FTSE 250 brewery said the payment – equivalent to about a year’s remuneration – was made after Anand agreed to “various post-termination covenants” that were not part of his original contract. Read more: High yielding [...]
New head of global commercial banking at HSBC after top-level reshuffle August 8, 2019 HSBC has promoted Barry O’Byrne to head up the lender’s global commercial banking arm as its previous boss takes the reins as interim chief executive of the company. Read more: Co-op bank narrows losses O’Byrne is taking on the interim role as part of a top-level reshuffle that involved Noel Quinn, HSBC’s former chief executive [...]
Insurer Zurich expects to beat targets as profits jump August 8, 2019 Zurich Insurance Group hailed its best performance in a decade this morning after reporting a double-digit rise in profits and predicting that it would beat previous financial goals it had set. Read more: Aviva confirms strategic review of Asia Europe’s fifth largest insurer reported business operating profits of $2.8bn (£2.3bn) in the first six months [...]
British Airways warns customers of ‘knock-on’ disruption after IT glitch August 8, 2019 British Airways has warned customers there may be some “knock-on” disruption after an IT glitch caused chaos at London airports yesterday. BA said it planned to run a normal schedule but that passengers should check their flight status on its website for updates. Read more: British Airways IT outage forces airline to cancel flights Passengers [...]