Libor-rigging scandal: Tom Hayes lost his Citi job over his methods, prosecutors tell court May 26, 2015 Former trader Tom Hayes was fired in 2010, four years after he started attempting to manipulate Libor, according to the prosecution’s case in court yesterday. Lawyers presenting the Serious Fraud Office’s (SFO) case in Southwark Crown Court said the former UBS and Citi banker received complaints just months after he started to work at [...]
Libor-rigging scandal: As trader Tom Hayes comes to court, wait for justice will soon be over – Bottom line May 26, 2015 Politicians have been screaming for blood over the Libor scandal for years, as fines and firing have not sated their anger with banks. Now they have a chance to see if one accused trader will be jailed, as the evidence is presented to a jury. But coming three years after the Barclays fine blew [...]
Fifa’s trip to Qatar 2022 a nightmare series of publicity own-goals – Brand Index May 26, 2015 A fresh investigation into migrant worker conditions in Qatar landed BBC reporters in prison recently. It is another case of extremely bad PR and negative news for Fifa and the host country of the 2022 World Cup Finals. The tournament has been beset by controversy and murky stories. The date of the event [...]
Twitter in discussions to buy news curating app Flipboard May 26, 2015 Social media giant Twitter is in talks with Flipboard, to buy the media curation mobile app. Reports from Silicon Valley indicate that the rumoured deal could be worth $1bn (£649m). Flipboard allows users to build a personalised collection of news and other media content that they access on a tablet or mobile device. It has [...]
Apple’s British designer Jony Ive gets a job promotion to chief design officer May 26, 2015 Sir Jony Ive, the British designer behind many of Apple’s best known products, has been promoted by the technology giant. The man responsible for the appearance of devices like the iPod and iPhone will now be Apple’s chief design officer. He was previously the senior vice president for design. Ive worked closely with Apple founder [...]
Partners Group unveils plans for 80 Fenchurch Street office tower May 26, 2015 PARTNERS Group unveiled plans yesterday to develop a 245,000 square feet office building at 80 Fenchurch Street in the City together with joint venture partner Marick Real Estate. The Swiss-based private equity firm bought the site near Aldgate station out of receivership last month for around £55m. It plans to start demolishing the existing building, [...]
City Moves for 27 May 2015 | Who’s switching jobs May 26, 2015 BLP The law firm has announced the appointment of Nathan Willmott as departmental managing partner of its litigation and dispute resolution team. He joined Berwin Leighton Paisner in 2007, and has led its commercial dispute resolution group since 2010. Daniel Watney David Graham has been appointed senior associate partner in the property consultancy’s planning team. [...]
Best of the Brokers for 27 May 2015 May 26, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com UNITED CARPETS Cantor Fitzgerald raised its target price from 12p to 14p after the flooring company declared a special dividend of 1p per share last week. The broker said the dividend, to be paid on 19 June, shows that management is “relatively confident [...]
Spanish vote sends Syriza-like shivers to FTSE and Eurozone – London Report May 26, 2015 FRESH back from the bank holiday, the FTSE hit a two-week closing low yesterday, with banks slipping after Spanish regional election results put Eurozone financials behind, while falling oil and metals prices hit commodity stocks. Spanish Prime Minister Mariano Rajoy’s People’s Party suffered heavy losses in local elections on Sunday, throwing his re-election later this [...]
Wall St dips on talk of rate hike – New York Report May 26, 2015 US STOCKS fell yesterday, pushing the S&P 500 to its biggest decline in three weeks, weighed down by concerns about Greece and some upbeat data that fuelled expectations that a rate hike could come sooner rather than later. The prospect of higher rates is one of the biggest issues that’s been weighing on the market, [...]
