These are the top 25 best-paying companies in the UK May 23, 2019 A report released today has revealed that the UK's 25 highest paying company's offer staff between £61,000 and £90,000 as a median compensation package. The list by job site Glassdoor is dominated by finance and tech firms, three of which have their headquarters in the UK. John Lamphiere, EMEA managing director at Glassdoor, said: “It [...]
Inmarsat shareholders approve $3.4bn private equity takeover deal May 10, 2019 Inmarsat’s shareholders approved a $3.4bn (£2.58bn) private equity takeover today despite 21 per cent of investors attempting to vote down the deal. Read more: Inmarsat profit falls ahead of $3.4bn takeover The takeover of the British satellite operator is the second largest public-to-private deal ever in the UK, bringing an end to talks that began [...]
Confidence in UK among European business leaders has collapsed due to Brexit, says survey April 30, 2019 The confidence of European business chiefs in the UK economy has evaporated due to Brexit, causing them to slash their investment intentions, a new report by investment bank Credit Suisse has revealed. Read more: Investors withdrew savings from UK funds in lead up to Brexit deadline Over 65 per cent of European business leaders said [...]
UBS beats expectations but investment bank profits plunge 64 per cent April 25, 2019 Swiss banking giant UBS beat expectations but reported a 64 per cent profit fall in its investment bank in a “challenging" quarter. Chief executive Sergio Ermotti had set the bar low after warning of “one of the worst first-quarter environments in history,” earlier this month. Read more: UBS and Deutsche in 'serious' talks over asset [...]
Credit Suisse posts unexpected profit rise as wealth management unit shows resilience in tough quarter April 24, 2019 Credit Suisse has reported an unexpected profit rise as its wealth management division proved resilient in a “difficult quarter.” The Swiss bank posted a fifth consecutive quarterly profit following a three-year restructuring plan but its investment bank continued to struggle. The figures Net income rose eight per cent to Sfr 749m, the bank’s highest quarterly [...]
Can European banks be saved by mergers and a fresh round of deal making? April 16, 2019 The comparisons with US peers just got a lot harder for European banks after a strong showing from JP Morgan to kick off earnings season. But could there be fresh revenue on the way for European investment banks, even if it is of their own making? There’s a mooted capital raising for Deutsche Bank before [...]
City Moves for 8 April 2019 – Who’s switching jobs at Credit Suisse, IFPI and BNP Paribas? April 8, 2019 Today's City Moves include Credit Suisse, IFPI and BNP Paribas. Credit Suisse Credit Suisse has announced a significant hire to its impact advisory and finance (IAF) department, confirming that Daniel Wild is to take on the newly created role of managing director, global head of environmental, social and governance (ESG) strategy. He joins this role [...]
Credit Suisse boss receives 30 per cent pay rise despite falling share price March 22, 2019 The chief executive of Credit Suisse Tidjane Thiam has received a pay boost of 30 per cent to 12.65m Swiss francs (£9.7m), the group’s annual report showed today. The Swiss bank said the pay rise was “designed to acknowledge the strong performance of Mr Thiam over the course of his tenure to date and the successful [...]
Lyft files for IPO ahead of rival Uber in listing that could value it at $25bn March 1, 2019 Ride-hailing company Lyft filed its initial public offering (IPO) registration today ahead of rival Uber in the race to hit the public markets. Lyft filed with an initial offering size of $100m (£75.62m), which is usually just a placeholder amount used to calculate fees that could change. The company did not disclose the price it plans to list at [...]
Editor’s Notes: Let’s hear it from the New Democrats and Reagan Republicans March 1, 2019 Back in 2015, I was convinced the UK was heading for another hung parliament. The following year I expected a comfortable Remain victory in the EU referendum. A few months later, turning to the US, I was certain that Hillary Clinton would trounce Donald Trump at the ballot box. Then, just to compound things, I [...]