Citigroup suspends senior bond trader over alleged canteen theft February 3, 2020 Citigroup has suspended one of its most senior London-based bond trader after accusing him of stealing from the office canteen. Paras Shah abruptly left his post as head of Citi’s head of EMEA high-yield bond trading last month. The Financial Times reported that the bank suspended Shah after alleging he had stolen food from the [...]
Pound sinks as Boris Johnson warns of hard Brexit February 3, 2020 The pound has sunk in early trading today ahead of a Boris Johnson speech in which the Prime Minister is expected to demand a looser trade deal with the EU that could spell a hard Brexit. Sterling fell over one per cent against the dollar to $1.3069 ahead of the Prime Minister’s speech. Johnson is [...]
Government tells EU deal must be struck this year as it reveals negotiating position February 3, 2020 Downing Street has stressed a trade deal must be struck this year if it is going to happen at all, as part of its opening gambit in trade talks with the EU, following Boris Johnson’s landmark speech this morning. The government is seeking a deal with the EU that is “at least as good” as [...]
Citigroup names new treasury and trade head for Britain and Europe February 3, 2020 Citigroup has appointed Peter Crawley as its new head of treasury and trade solutions (TTS) for Britain and Europe. Crawley, who has been Citigroup’s TTS head for Sub-Saharan Africa since 2013, will take up the new role in April, according to an internal memo. He will be responsible “for driving the business strategy, new business [...]
New Tesco boss’s start date delayed until October February 3, 2020 The start date of Tesco’s new boss Ken Murphy has been pushed back as he is forced to see out a non-compete agreement. The supermarket giant announced in October last year that chief executive Dave Lewis will step down this summer, and will be succeeded by Walgreens Boots Alliance veteran Murphy. However, the grocer said [...]
Which advert won the 2020 Super Bowl? February 3, 2020 While for American Football fans the Super Bowl is the most important match of the season, for millions more it’s a chance to watch some of the year’s most-hyped adverts. While the Kansas City Chiefs may have won the game last night, once again it was Microsoft that emerged as the advertising champion with a [...]
Hostel chain Safestay reports strong start to 2020 February 3, 2020 Boutique hostel brand Safestay said it had “momentum” going into this year after sales surged in 2019 following its portfolio expansion. Total revenue increased 25 per cent to £18.3m last year as the hostel chain opened eight new venues, taking its total portfolio to 21 sites and more than 5,100 beds. Like-for-like revenue was up [...]
Amazon ‘launches search’ for new London office space February 3, 2020 Amazon is said to be on the hunt for new office space in London as the e-commerce giant doubles down on its commitment to the capital after Brexit. The tech firm has called in advisers at Cushman & Wakefield to find a building with roughly 200,000 square feet (sq ft) of office space, the Times [...]
Payments company Worldline to buy rival Ingenico in €7.8bn deal February 3, 2020 Worldline has agreed to buy French rival Ingenico, creating a new global payments player in a rapidly-consolidating industry in a €7.8bn (£6.6bn) deal. The two companies said the deal would create a new European leader in the sector and the world’s fourth largest payment services provider, which would provide services to nearly one million merchants [...]
We need to talk about race February 3, 2020 We need to talk about race. Because it directly affects the bottom line—and then some. Look to the much-quoted McKinsey study on ‘Why diversity matters’ and firms in the top quartile for racial and ethnic diversity are 35 percent more likely to outperform their median peers. Some estimate that we could add £24bn to the [...]