City Moves for 6 March 2019 – Who’s switching jobs at Muzinich & Co, Duff & Phelps and Mayer Brown? March 6, 2019 Today's City Moves includes movers and shakers from Muzinich & Co, Duff & Phelps and Mayer Brown. Muzinich & Co Muzinich & Co has announced that Archie Beeching has joined as director of responsible investing with immediate effect. In this newly-created role, Archie will focus on strengthening the ongoing integration of the firm’s environmental, social and [...]
Insurer Phoenix on the hunt for deals after strong results March 5, 2019 The boss of newly promoted FTSE 100 insurance company Phoenix said today he was keen to do further transactions following the £3bn purchase of Standard Life Assurance last year. Phoenix chief executive Clive Bannister said: “We are open for business and very keen to do our next transaction but they do tend to be quite [...]
Aon confirms interest in multi-billion tie-up with Willis Towers Watson March 5, 2019 Aon confirmed today it is weighing up a bid for Willis Towers Watson in what could be the insurance sector’s largest-ever merger. Willis Towers Watson’s shares had jumped to an all-time high after Bloomberg reported Aon was mulling a move for the Nasdaq-listed business. Aon later confirmed that it was in the early stages of [...]
Let it all hang out: Goldman Sachs scraps office dress code March 5, 2019 Goldman Sachs said today that it is relaxing its employee dress code to reflect the “more casual environment” of the modern workplace. In a memo from new chief executive David Solomon, who also DJs under the name D-Sol, the bank announced its new “firm wide flexible dress code” turning its back on the traditional banker [...]
Bugatti unveils €11m supercar to mark 110th anniversary March 5, 2019 Luxury car brand Bugatti has unveiled a €11m (£9.5m) supercar, but will not name the wealthy mystery buyer. La Voiture Noire, which was created for the French firm’s 110th anniversary, was snapped up by an unnamed Bugatti fan and is thought to be the most expensive new car of all time. The one-off supercar, unveiled [...]
Bauer Media acquires ten regional radio stations amid competition probe March 5, 2019 Bauer Media has snapped up a further ten regional radio stations as it faces a competition probe into its spate of acquisitions earlier in the year. The media giant today said it has bought UKRD Group, which owns stations across Yorkshire, East Anglia, the south and the south west of England. Read more: Bauer Media [...]
Vale fired inspector who refused to certify deadly dam just months before it collapsed, prosecutors allege March 5, 2019 Brazil’s Vale fired an inspector which failed its Brumadinho dam over safety concerns just months before the dam collapsed, likely killing hundreds, prosecutors have alleged. Over 300 people are dead or missing after the dam broke in the state of Minas Gerais earlier this year, unleashing a wave of mining waste. Read more: Brazil to decommission [...]
Harrods launches new luxury podcast amid editorial expansion March 5, 2019 Harrods has launched a new podcast about the meaning of luxury as it looks to win over high-end shoppers with its renewed focus on editorial formats. The six-episode series, hosted by journalist and broadcaster Mariella Frostrup, will host guests from the creative industries to discuss the “true meaning of modern luxury”. Read more: Harrods eyes online [...]
Competition regulator preparing to launch fresh court action against Viagogo March 5, 2019 Controversial ticket reseller Viagogo has been slapped with a fresh warning this afternoon from Britain’s competition regulator, which is threatening legal action in the wake of continued concerns over the firm’s practices. The Competition and Markets Authority (CMA) has said today that it is preparing to take Viagogo to court after saying that it is [...]
‘Department wrecking ball’: Chris Grayling refuses to resign over £33m Eurotunnel fiasco despite fresh pressure from MPs March 5, 2019 Embattled transport secretary Chris Grayling has been hit with fresh calls to resign in the wake of the no-deal ferry contract fiasco that resulted in a £33m payout to the Channel tunnel operator. Read more: Grayling accused of 'misleading' parliament over Brexit ferry contracts In an emergency debate in the Commons, shadow transport secretary Andy McDonald [...]