Barclays banker says she knew nothing of £322m services deal with Qatar February 26, 2019 Evidence from a former vice-chairman of Barclays Capital was read to a London court today, revealing she was not aware of two services agreements the bank struck with Qatar in 2008. Gay Huey Evans, who is currently deputy chairman of the Financial Reporting Council, said Barclays’ former executive chairman of investment banking Roger Jenkins was [...]
Metrobank shares plunge as cash call spooks investors February 26, 2019 A fresh wave of investor concern loomed over Metro Bank tonight after an emergency cash call and news of a regulator probe spooked the City. The dog-friendly challenger bank made a shock move to rush out its full-year results this evening in a bid to quell concerns after announcing a plan to tap up investors [...]
Barclays and Bank of Ireland sued over film finance tax evasion scheme February 26, 2019 Barclays and Bank of Ireland are being sued as part of a £180m lawsuit brought by investors in a film finance scheme the pair were involved in. Investors in the Eclipse film financing scheme lost out after tax authorities ruled the vehicle, which purported to invest in Disney films, was actually a tax avoidance scheme. [...]
Ex-offenders deserve to work – here’s why you should recruit them February 26, 2019 With Brexit on the horizon, businesses face looming concerns about skills and talent shortages – something we at Lendlease, like many others, are planning for. The national employment level is at an all-time peak with more than 32m in work, but our labour market is only tightening and getting more competitive. Within construction, our current [...]
British renewables investors are the best in the world says fund boss as he looks to London listing February 26, 2019 London has the best-educated renewables investors in the world, the head of a top fund manager has said as it prepares to list a fund in the UK. New Energy Solar Manager chief executive John Martin is bringing his US-focused solar investment fund to the UK. Read more: SSE will sell stake in Scottish wind [...]
Swipe right: Finance professionals the most desirable workers in London, says The Inner Circle February 26, 2019 Working in the finance sector could make you more attractive to potential dates, according to new research. Dating app The Inner Circle has found that in London, finance professionals made up the most right-swiped men and women on the app. Read more: Revealed: What candidates should look for in a job offer Men in the finance [...]
Decision time: Interserve gives shareholders date to vote on rescue plan which could decide its future February 26, 2019 Outsourcer Interserve has announced the March date of its all-important general meeting in which it hopes shareholders will vote in favour of its divisive rescue refinancing deal. The company announced the meeting will be on 26 March shortly before trading closed for the day, but it still saw shares plummet nearly 10 per cent in [...]
Chemicals firm Croda stockpiles goods ahead of Brexit February 26, 2019 Chemical manufacturer Croda announced today it is stockpiling goods in mainland Europe and adapting its trading model in preparation for Brexit. Read more: Carney: UK growth 'guaranteed' to fall in no-deal Brexit The British firm, which supplies chemicals to Unilever, Proctor & Gamble and L'Oreal among others, also saw adjusted profit before tax tick up 1.2 [...]
No-deal Brexit could hit Germany’s economy, industry body warns February 26, 2019 A no-deal Brexit could wipe at least 0.5 per cent off Germany’s GDP, a German industry body warned today. Read more: Carney: UK growth 'guaranteed' to fall in no-deal Brexit Joachim Lang, managing director of Germany’s BDI industry association, predicted a hard Brexit would slash €17bn (£14.7bn) from Germany's economy. The German government forecasts that economic growth [...]
Excessive spectrum costs could hurt consumer benefit from 5G, argue lobbyists February 26, 2019 The telecoms industry's main lobby group has said governments need to bring down high costs for 5G bids if Europe is to keep up with the global roll-out. The GSMA, which represents 300 operators worldwide, has been caught in the middle of a row between telecoms firms and governments as to who should shoulder the cost of [...]