City Moves for 20 August 2018 – who’s switching jobs at JLL, Latham & Watkins and Bluejay Mining? August 19, 2018 NULL
Crew Clothing improves sales in store and online after investing “very selectively” August 19, 2018 NULL
Confidence in UK economy reaches lowest level this year as directors warn of EU trade uncertainty and skills shortages August 19, 2018 NULL
Netflix finance boss David Wells to leave the company after a successor is appointed | City A.M. August 13, 2018 Netflix’s chief financial officer David Wells will step down after helping the company find his successor, the streaming giant said today. The hunt for a new head of finance will look at suitable internal and external candidates, Netflix added. Wells has been at the company since 2004, two years after it floated in New York, [...]
Turkey has ‘only days’ to resolve lira crisis or risk instability to financial system and banking contagion | City A.M. August 13, 2018 Analysts have given Turkey just days to resolve the crisis before it spills over into longer-term implications for the country’s financial stability, with the contagion threatening banks including HSBC. Turkish President Recep Tayyip Erdogan this morning claimed the country was under economic “siege”, accusing the US of trying to “stab it in the back”. It [...]
Musk confirms Saudi sovereign fund as Tesla’s primary source of buyback funding | City A.M. August 13, 2018 Tesla’s chief executive Elon Musk confirmed today that he’s in talks with Saudi Arabia’s Public Investment Fund (PIF) for taking Tesla private but no funding has been secured yet. Musk revealed in a blog post this afternoon that the PIF’s managing director had expressed “strong support for funding a going private transaction for Tesla” at [...]
Turkish lira drops to new record low overnight | City A.M. August 13, 2018 The Turkish lira fell to an all-time low of 7.2 against the dollar, after comments by President Recep Tayyip Erdogan over the weekend failed to calm investors. Last night the troubled currency dropped to a low of 7.24, although pulled back to around 6.92 to the dollar after finance minister Berat Albayrak said the country [...]