City A.M. awards: Full list of winners revealed November 11, 2016 The City A.M. Awards for 2016, held at the glitzy Grange hotel opposite St Paul’s Cathedral, saw 14 individuals or businesses collect gongs in front of a star-studded audience of around 500 City figures. Our congratulations go to all the winners who stood out during 2016 for their exceptional work. The event, however, is not [...]
No insulation for this: Sig shares have plummeted after it warned on profits and its chief executive quit November 11, 2016 Shares in building materials company Sig plunged more than 20 per cent this morning, after it issued a profit warning and its chief executive suddenly stepped down. In a trading update this morning, the company said it expected pre-tax profit to fall between £75m and £80m in the full year – down from £87.4m it [...]
No 10 says Farage is an ‘irrelevance’ amid his suggestions he’ll work with Trump November 11, 2016 Downing Street has denied claims that they will use Nigel Farage as a go-between for talks with the President-elect Donald Trump, claiming he was an "irrelevance". The Telegraph claimed last night that ministers would be forced to use the contacts of the interim Ukip leader as they have no links to the President-to-be or his team. [...]
Daily Mail managing editor attacks “psychotic” and loss-making Guardian November 11, 2016 A senior editor at the Daily Mail has accused broadsheet rival the Guardian of having a “psychotic hatred of popular newspapers”. Alex Bannister, managing editor of the Mail, wrote a letter to the Guardian after it ran an editorial condemning tabloid coverage of Prince Harry’s girlfriend, Meghan Markle, and suggested press regulator Ipso should intervene. As well [...]
Fourth day of transport problems for Thameslink passengers November 11, 2016 Thameslink trains are subject to delays and cancellations this morning – for the fourth day in a row. The services have been disrupted since Tuesday after wire damage led to signalling problems, which have only just been fixed. There was a limited service across the entire Thameslink network yesterday, and National Rail warned that the problems could [...]
Net profit at Rosneft plunges more than 70 per cent as weak Brent crude oil price continues to bite November 11, 2016 Russia's largest oil producer, Rosneft, has become the latest firm to report a hit from weak oil prices in the third quarter as net profit at the group plummeted 71 per cent. The figures Net income attributable to Rosneft's shareholders in the third quarter slid to 26bn roubles (£325m), driven by lower operating profit, while earnings before [...]
Lord Mayor’s Show 2016: Where to watch the procession and fireworks, how to get there and what to avoid November 11, 2016 The City of London will close down tomorrow for celebrations at the 801st Lord Mayor’s Show. A day of fireworks, processions and tradition will follow today's transfer of power from current Lord Mayor, Jeffrey Mountevans to Andrew Parmley. If you get stuck, the Lord Mayor’s show now has an app, obviously. But here’s our guide on how [...]
City A.M. Awards 2016: Our business heroes make the most of the madness November 11, 2016 Businesses hate uncertainty, so we’re told. The lobby groups that represent UK plc constantly remind us of the benefits of a calm economic and political environment, with benign conditions nurturing growth and prosperity. It’s a nice thought, and an understandable sentiment. But the reality is that life is never straightforward, and some of the business [...]
City Moves for 11 November 2016 | Who’s switching jobs November 11, 2016 SETL SETL, the London based financial blockchain specialist, has appointed national security expert Martin Clements to its board. SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. Martin joins the SETL board having recently retired from his role as director general responsible for technology and [...]
The new bridge to China heralds the start of a golden age for UK fintech November 11, 2016 Over the past few years I’ve witnessed first-hand the UK’s fintech sector emerge as the world’s dominant hub – over traditional technology centres such as Silicon Valley, New York, Israel, Singapore, and Hong Kong. There is no question that more technology innovation and value creation in financial services comes from the UK than anywhere else [...]