London Stock Exchange Group chief executive Xavier Rolet to step down following Deutsche Boerse proposed merger completion, and Carsten Kengeter to be boss of newly combined group February 26, 2016 Current chief executive of the London Stock Exchange Group (LSE) Xavier Rolet will step down from his role once the proposed merger with Deutsche Boerse completes. In an announcement about the proposed merger this morning, the exchanges revealed that the newly combined company would be domiciled in the UK, with LSE in London and Deutsche Boerse in Frankfurt as subsidiaries and headquarters [...]
EU referendum: Brexit could cause turmoil for more than half of small businesses in London who are relying on a workforce that comes from across the EU February 26, 2016 A Brexit could be bad news for more than half of small businesses in London who are counting on migrant workers to keep them up and running, according to a specialist accounting firm. "We do the accounting for several hundred small businesses in London, with more than half of them relying on a workforce that includes [...]
Former Financial Times owner Pearson share price up as publishing company reveals loss before tax for year ended December 2015 as sales also take a knock February 26, 2016 Share price in Pearson rose this morning as the publishing company revealed it had fallen into a loss-making position and its sales had dipped slightly. The publisher reported a loss before tax of £433m for its year ended December 2015, down from a profit before tax of £255m the year before. Meanwhile, levels of sales [...]
Vinyl collection? Home office? Wine fridge? You’re probably underinsured, as many mid net worth adults misjudge the value of their belongings February 26, 2016 Your well-stocked wine fridge, spacious home office and cosy underfloor heating might impress your friends, but they might also be sending a red flag to your insurance company. According to research released today by LV= Home Insurance, over three-quarters (79 per cent) of so-called mass affluent households are underinsured. As UK households have grown richer, they've also gathered more [...]
Red tape workers rejoice: Compliance salaries rose sharply during 2015, as employers also increased the number of lawyers on their payrolls February 25, 2016 Those working in compliance had reason to celebrate last year as salaries shot up for red tape focused roles, according to research out today. Morgan McKinley's 2016 UK Salary Guide has revealed that salaries in compliance roles shot up 20 per cent in 2015, while those in particularly niche positions saw their pay packets rocket by as [...]
Canaccord Genuity puts entire London fixed income team on redundancy notice as part of a wide job cuts programme February 25, 2016 NULL
As regulation and legal red tape increases, are professionals in the city and financial services becoming the scapegoats? February 25, 2016 Since the 2008 financial crisis, banks and other City organisations have faced a more intense glare from the spotlight of regulators. Record penalties have been handed out, such as the $5.6bn in fines imposed on some of the most well-known global banks in relation to foreign exchange manipulation early last year. Some banks have reacted to this increased [...]
EU referendum: Over 50s now more likely to vote for a Brexit than to stay in the EU, with men more likely to be saying no to the union than women February 25, 2016 Over 50s are not that keen on David Cameron's latest EU deal, a survey released by Saga today would suggest. The poll discovered that 43 per cent of those aged over 50 would vote to leave the EU if the referendum was held tomorrow, compared with only 40 per cent who would vote to stay. However, Paul Green, director of communications [...]
Axa share price up as Paris-headquartered insurer reveals a boost in net income for its 2015 financial year February 25, 2016 Share price in Axa rose today after the company revealed growth in its net income for its 2015 financial year. Net income for the Paris-headquartered company rose to €5.6bn (£4.4bn) for the financial year 2015, up 12 per cent on a reported basis and three per cent on a constant currency basis compared with €5bn the year [...]
St James’s Place share price up after company hikes dividend and reveals strong operating profits for the year ended December 2015 despite uncertainty in global stock markets February 25, 2016 Share price in St James's Place rose today as the company impressed investors with a healthy operating profit for its year ended December 2015 and a hike to its dividend. The wealth management company reported operating profits of £660.2m for 2015, up from £596.4m in 2014, while profits from new business rose to £440.7m, up [...]
