Barclays customers can now use Apple Pay… finally April 5, 2016 It's been a long old wait, but Barclays has finally jumped on board the Apple Pay bandwagon. Barclays is the last of the major banks to support Apple Pay in the UK, letting customers pay with just the swipe of their iPhone or Apple Watch. “Since we introduced contactless to the UK in 2007, it’s [...]
Credit Suisse chief executive Tidjane Thiam says bank is on course to double profits in Asia in three years April 5, 2016 Credit Suisse is on track to double profits in Asia in three years, its chief executive Tidjane Thiam has said. Thiam added that Credit Suisse would continue to invest in Asia. "We're on course. We said that we would continue to invest in Asia. We think this is a great time to invest because a lot [...]
City Moves for 5 April 2016 | Who’s switching jobs April 5, 2016 Bevan Brittan Law firm Bevan Brittan has announced that Joanne Easterbrook has been appointed senior partner with effect from 1 May 2016. Joanne succeeds Bethan Evans in the post, who is returning to full-time local government client work. Joanne is a highly experienced partner and recognised specialist, leading the firm’s clinical risk practice and counting [...]
Londoners are sick of all the skyscrapers – we’ve mapped how many are planned near you April 5, 2016 From the Gherkin to the Shard, some of London's most well-loved landmarks are skyscrapers, but new research shows the capital's residents are getting sick of all the glass towers going up. A total of 430 new towers are planned for the capital, but a poll from YouGov has shown nearly half of Londoners – 48 per cent – think the [...]
Allergan shares tumble in after hours trading as US Treasury takes further steps to curb ‘inversion’ deals April 4, 2016 Shares in Dublin-based pharmaceutical company Allergan have slumped by almost 20 per cent in after-hours trading, after the US Treasury said it was taking steps to curb so-called 'inversion deals' in which US firms reincorporate overseas following an acquisition. Allergan has agreed to be bought by Pfizer in a $160bn (£112bn) deal that would see Pfizer [...]
Global investment banking fees fall 29 per cent year on year to lowest first quarter since 2009 April 4, 2016 Global investment banking fees fell 29 per cent year on year in the first quarter of 2016, according to new figures. Global fees reached $16.2bn (£11.4bn) by the end of March this year – making it the lowest first quarter since 2009, according to Thomson Reuters figures out today. Read more: Investment banking revenue plummets to [...]
Panama Papers: HMRC gears up for Mossack Fonseca data leak fallout April 4, 2016 Global tax authorities are gearing up to deal with the fallout from a leak of more than 11m files from Panama-headquartered law firm Mossack Fonseca – as legal experts warn that any entity with business dealings in the Central American country could potentially find itself receiving a knock on the door from HM Revenue & Customs (HMRC). [...]
Spain’s prime minister suggests working day shake-up which could bring an end to the siesta April 4, 2016 Is moving to a sleepy Spanish town and enjoying naps during the working day one of your long-held dreams? Well, you may have to forget it and throw away your Spanish phrase book. Lengthy lunch breaks and siestas could be about to become a thing of the past in Spain. Read more: This Spanish town has just made having [...]
EX referendum: Brexit vote would be bad for business, say two-thirds of insurers April 4, 2016 More than two-thirds of insurers, brokers and service providers working in London's international insurance market believe a Brexit would be bad for business. Some 68.7 per cent of market practitioners surveyed believe a UK vote to leave the European Union would “hurt” or “severely damage” Lloyd's of London. Meanwhile, 6.2 per cent said it would benefit [...]