Brexit may shake up the jobs market, so get your CV in shape now December 6, 2018 We are less than four months away from when the UK is officially meant to leave the EU, but there’s still confusion and much negotiation to be done before we find out exactly what impact Brexit will have on the City. Jobs are already crossing the Channel – JP Morgan, Goldman Sachs, Lloyds and more [...]
London Stock Exchange eyes Experian boss as new chairman December 3, 2018 The chairman of credit reporting company Experian is tipped to become the next head of the London Stock Exchange (LSE). Don Robert, who is a member of Court at the Bank of England, is the frontrunner to succeed the LSE’s outgoing chairman Donald Brydon, according to Sky News. Discussions between Robert and the LSE’s board [...]
Goldman Sachs hit with £5.2m fine for short selling November 28, 2018 South Korea’s financial regulator has hit Goldman Sachs with a 7.5bn won (£5.2m) fine for breaking rules on short-selling. The fine is for short-selling without securing underlying assets, the Financial Services Commission (FSC) said in a statement. It said Goldman Sachs Group’s subsidiary Goldman Sachs International had conducted short sales worth 40.1bn won in May. [...]
UK pharmaceutical company BTG shares soar as Boston Scientific announces £3.3bn takeover November 20, 2018 Shares in UK pharmaceutical company BTG soared more than 34 per cent this morning after US-based Boston Scientific proposed a £3.3bn takeover of the company. The London-listed company, which focuses on cancer, vascular conditions and emphysema treatments, saw shares jump from 620.5p to 826.01p following the announcement. BTG said the offer was “fair and reasonable” and [...]
Goldman Sachs offers UK staff gender-reassignment and fertility treatment as it tackles boys’ club image November 18, 2018 Goldman Sachs is offering its staff in London gender-reassignment surgery and fertility treatment, as it pushes on perks in an attempt to encourage women to work at the firm. The giant investment bank’s roughly 6,000 UK staff will have access to treatment and consultation for gender dysphoria, and an assisted fertility benefit that will include [...]
HSBC and China Investment Corporation in talks over £1bn fund to invest in UK November 15, 2018 Global bank HSBC and the China Investment Corporation are in talks to create a £1bn fund which will be used to invest in British companies that have links with China. Private equity firm Charterhouse Capital Partners is in talks with both parties to manage the fund. HSBC said in a statement: “China Investment Corporation, HSBC and [...]
Chewing the cud: Vegan startup Beyond Meat introduces plant-based burger to UK November 13, 2018 US plant-based food company Beyond Meat yesterday moved into the UK, bringing its vegan burgers to British supermarkets and restaurants. The Los Angeles-based business produces the plant-based Beyond Burger, which it says replicates the texture of meat while providing added nutritional benefits. The Beyond Burger went on sale yesterday at 350 Tesco branches across the country. [...]
Analysts express doubt over The Restaurant Group’s takeover of Wagamama’s November 11, 2018 Analysts have expressed doubt over Frankie and Benny’s owner The Restaurant Group’s (TRG) £600m acquisition of Asian fusion chain Wagamama’s. TRG is the preferred bidder in the sales process which was sparked in June by Goldman Sachs on behalf of private equity backers Duke Street and Hutton Collins, it was announced last month. However analysts [...]
New Goldman Sachs boss: Accusations our employees broke the law in 1MDB are ‘horrible’ November 7, 2018 The chief executive of Goldman Sachs has said he feels “horrible” about accusations that the bank’s former employees broke the law when handling Malaysian state investment fund 1MDB. The scandal over 1Malaysia Development Berhard (1MDB) has already claimed the scalp of long-serving prime minister Najib Razak, who was rejected at the polls earlier this year. [...]
Made in Britain: The entrepreneur helping UK firms realise their exporting ambitions in Asia November 5, 2018 I am at the National Liberal Club in London. Everything about this place – from the smoking room to the 1915 portrait of Winston Churchill – screams old-world British at me. And there’s nothing coincidental about Siddharth Shankar’s choice of meeting place. Surrounded by empty chesterfield sofas, Shankar seems to be in his element – [...]