City Fibre appoints Goldman Sachs’ senior partner Simon Holden as COO March 1, 2019 Goldman Sachs has strengthened its hold on UK telecoms company City Fibre after announcing one of its senior partners will become the firm's new chief operating officer. Simon Holden will take up the newly created role on City Fibre's board from 1 March having worked as a partner at Goldman for 18 years. Read more: Excessive [...]
Picture perfect: Pinterest confidentially files for IPO in the latest up and coming tech float February 22, 2019 Pinterest has reportedly filed for an initial public offering (IPO), as Silicon Valley gears up for a busy year of tech startup listings. The online image search platform, known for the food and fashion photos its users post, is planning for a late-June listing and is seeking a valuation of at least $12bn, it is reported. Read [...]
Apple and Goldman Sachs set to launch joint credit card in bid to win over iPhone users February 21, 2019 Apple is reportedly teaming up with Goldman Sachs to launch a joint credit card to help customers manage their finances through their iPhone. The joint venture will allow iPhone users to link the card with the Apple Wallet app, allowing them to better track spending and earn rewards, the Wall Street Journal reported, citing sources familiar [...]
Interserve’s rebel shareholder Coltrane ups stake in struggling outsourcer February 20, 2019 The rebellious shareholder trying to thwart outsourcing giant Interserve’s rescue deal has upped its stake in the firm, "putting its money where its mouth is" and piling more pressure on the contractor. Coltrane Asset Management, a 27.3 per cent stakeholder which previously owned only 17.5 per cent through shares and 9.8 through other financial instruments, launched [...]
Goldman Sachs Asia Pacific chief executive to retire this year February 19, 2019 Goldman Sachs’ Asia Pacific chairman and chief executive Ken Hitchner is retiring from the company. Hitchner will remain in the Hong-Kong based role, which covers the entire region excluding Japan, until mid-2019, Reuters said citing a source familiar with the matter. Read more: Goldman Sachs chief warns that Brexit could affect UK investment plans He [...]
Citigroup closes in on £1.2bn purchase of Canary Wharf headquarters February 17, 2019 Citigroup is in talks to buy its Canary Wharf headquarters for a reported £1.2bn in a major show of confidence in London’s status as a global financial centre. Citi is looking to secure the purchase of the 25 Canada Square skyscraper, which it currently leases, from owner AGC Equity Partners in a bid to double [...]
Meet the banker-turned-restaurateur bringing the City’s dining scene to life February 14, 2019 Whatever happened to the liquid lunch? It is a question often asked with nostalgia throughout the Square Mile. Traders in pubs, City executives in boardrooms, journalists and lawyers in wine bars; the sight and smell of booze at noon was at one point in time as much a part of the City’s identity as pin-stripes [...]
US President Donald Trump’s trade war with China is following a familiar path February 13, 2019 It has been nearly a year since Donald Trump infamously tweeted that “trade wars are good, and easy to win,” adding, for extra emphasis, “it’s easy!” How things change. America’s most enthusiastically protectionist modern-day President isn’t finding talks with China so simple after all. This week he rowed back on a supposedly-hard deadline that was [...]
Former Malaysian Prime Minister Najib Razak’s 1MDB corruption trial postponed February 11, 2019 A Malaysian court has postponed the corruption trial of former Prime Minister Najib Razak in connection with the 1MDB state fund scandal. Razak, whose trial was due to start tomorrow, has pleaded not guilty to 10 charges of criminal breach of trust, money laundering and abuse of power. Read more: 1MDB: Former Malaysian PM records [...]
What does the year of the pig hold for stocks? History has some clues February 8, 2019 | City Talk Chinese stock markets are currently on holiday, with traders and consumers off celebrating the arrival of the Year of the Pig. But maybe equity markets across the world have something to celebrate, given the past performance of stocks during previous porcine-themed years. Statistically speaking, the Year of the Pig is a good one for stocks. [...]