The winners of the 2018 Wealth & Money Management Awards September 10, 2018 | Sponsored Imperium Investments have received two awards at the 2018 Wealth & Money Management Awards. The company received the title of Best Wealth Management Firm – South-East England. They also received the Award for Excellence in Social Impact Initiatives. Returning for the 5th consecutive year, the 2018 Wealth & Money Management Awards are dedicated to rewarding [...]
City Moves for 10 September 2018 – who’s switching jobs at ING, Fieldfisher and Stonehage Fleming? September 10, 2018 Today's City Moves cover finance, legal eagles and wealth management. Take a look at these movers and shakers: ING ING has appointed Sachin Shah as director in the DCM SSA (sovereign, supranational and agency) Origination team, based in London. Sachin will focus on the Agency and Supra issuers to strengthen the bank’s presence in the [...]
Bill Gates and Jeff Bezos among backers of £4.5m Wagestream start-up fund September 9, 2018 The founders of Amazon and Microsoft have backed a London start-up that allows workers to access their wages before payday. "Get-paid-as-you-go" platform Wagestream has received £4.5m of funding from supporters including technology billionaires Jeff Bezos and Bill Gates. Read more: Wonga goes under: Controversial payday lender placed into administration Wagestream, which aims to end the "payday poverty cycle", allows [...]
Investment fund Third Point plans to oust Campbell board September 7, 2018 US investment fund Third Point has revealed plans to oust the entire board at food brand Campbell. Billionaire hedge fund boss Daniel Loeb, who is pursuing a sale of the brand, wrote to the board today to inform them that the fund, which owns a 5.65 per cent stake in Campbell's Soup, would nominate 12 people for [...]
Activist hedge fund Elliott demands restructure at Hyundai Motor Group September 7, 2018 Activist hedge fund Elliott Management has made proposals to restructure Hyundai Motor Group (HMG), after forcing the car manufacturer to abandon its plans. Elliott, which holds $1.5bn (£1.16bn) of shares in the group, has called on Hyundai to install a committee to steer restructuring plans and discuss shareholder returns and board makeup. Read more: UK [...]
Does your child have a forgotten £1,000 nest egg? September 7, 2018 | City Talk Child Trust Funds (CTFs) were once a popular way to save for children. They were introduced in April 2005 to encourage long-term saving and give all children a financial boost by the time they reached 18. The government sent vouchers to parents of between £250 and £500 to give accounts a head start, and family [...]
Ten events that could move stock markets in the final quarter of 2018 September 7, 2018 | City Talk As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likely to be on the agenda for September and the fourth quarter of 2018. 1) Global trade negotiations The US and China held fresh, and largely fruitless, trade talks in August. [...]
Asset management group Ashmore to open Ireland office ahead of Brexit September 7, 2018 Asset management firm Ashmore is establishing an Irish subsidiary as part of its Brexit contingency planning. The emerging markets investment manager, which is headquartered in London, will open the office in order to continue serving clients after Britain leaves the European Union. Read more: John Laing Group share price jumps amid profit surge The new [...]
From Elon Musk to Elizabeth Holmes, beware maverick disrupters promising to save the world September 7, 2018 It has not been a good week for celebrity entrepreneurs. The world’s favourite failed healthtech unicorn folded for good. A maverick space technologist mired himself further in a pointless libel battle. And we also heard that Gwyneth Paltrow’s “wellness” brand Goop had agreed to pay $145,000 for making “unsubstantiated claims” about the healing properties [...]
City Moves for 7 September 2018 – who’s switching jobs at Fenchurch Advisory Partners, Wyelands Bank and CVC Credit Partners? September 7, 2018 Today’s City Moves cover financial services, small-business banking and Fenchurch Fenchurch Advisory Partners has appointed William Nourse as a senior managing director. William has more than 20 years of experience of corporate finance in the financial services sector. He joins from Credit Suisse, where he was a managing director in the financial institutions group. Before [...]
