Janus Capital is merging with Henderson Global Investors to create a $320bn giant October 3, 2016 Shares in Henderson Global Investors shot up more than 18 per cent to 274p in early trading after it unveiled plans to merge with Janus Capital, the asset manager bond king Bill Gross famously ditched Pimco for. In a statement today Janus said it was merging with Henderson Global Investors to create a giant asset manager with [...]
About turn: Deutsche Bank shares leap in New York as rumours of a DoJ settlement swirl September 30, 2016 New York-listed shares in Deutsche Bank have jumped on reports the giant bank could be about to agree a $5.4bn (£4.2bn) settlement with US regulators after a dramatic day of trading on European markets. Shares jumped 14 per cent in lunchtime trading in the US, as rumours circulated suggesting it will pay significantly less than the [...]
“Forces in the market want to weaken us”: John Cryan seeks to reassure Deutsche Bank staff September 30, 2016 Deutsche Bank shares edged back over the €10 mark in mid-morning trading after chief executive sought to reassure staff in a company-wide memo. In the document, Cryan suggested the bank was strong and hit out at "speculators" for causing wild swings in the company's share price. "Our bank has become the object of heavy speculation – renewed rumours [...]
Premier Foods’ chairman David Beever is stepping down September 30, 2016 The chairman of the company behind such classics as Angel Delight and Mr Kipling has announced plans to step down. Premier Foods said this morning David Beever plans to step down as chairman of the company next year, in order to reduce his work commitments. The board said it will now begin the search for a replacement. [...]
The original Cronut has come to London, as Dominique Ansel Bakery opens in Belgravia September 30, 2016 Remember the Cronut, the half-croissant, half-donut which caused New Yorkers to queue for hours outside Domonique Ansel's bakery in Soho, New York – as well as various copyright disputes? Well, it's come to London, after Ansel opened his latest branch in the capital at 8am this morning. Reports suggested baking enthusiasts had been queuing since 5am to get [...]
Our response to #Tube_chat says something important about Londoners September 30, 2016 It appalled Londoners and baffled outsiders, it broke the internet and sent the capital’s commuters into paroxysms of fear – yes, yesterday, someone tried, very gently, to persuade Tube users to speak to one another. The effort did not go down well. Reports of badges bearing the legend “Tube chat?” being handed out at Old [...]
Revealed: The man behind #Tube_chat (spoiler: He’s American) September 29, 2016 It's the phenomenon that has appalled the capital – now City A.M. can exclusively reveal the motive behind #Tube_chat. NHS worker Jonathan Dunne is the man behind the badges encouraging Tube commuters to perform a decidedly un-Londonish act, and actually talk to each other. It won't surprise many to learn that Dunne is originally from the US – [...]
A rare Black Moon will rise over the capital on Friday: Here’s everything we know September 29, 2016 A rare astrological event will take place this Friday: a so-called black moon will rise above the capital. It only happens once every couple of years. Here's what you need to know. What is a black moon? It's essentially the opposite of a blue moon. So whereas a blue moon is when two full moons take place [...]
#Tube_Chat: Someone’s trying to get Tube commuters to converse and Londoners hate the idea September 29, 2016 It's every Londoner's nightmare. An underground campaign may be trying to get Tube commuters to actually converse with one another. Well-meaning though it may be, London Underground users hate the idea. The mysterious campaign emerged on social media this morning – although the majority of images seemed to be from the campaign's Facebook page, suggesting few badges [...]
Shares in outsourcer Capita have plunged after it issued a profit warning September 29, 2016 Ooof. Shares in FTSE 100-listed outsourcer Capita have fallen almost 30 per cent this morning after it issued a punchy profit warning. Shares were down 28.7 per cent at 679.3p in early trading, after the company said it expected full-year underlying profits to fall between £535m and £555m, as opposed to the £614m it had previously forecast. [...]
