By: Imran Khan

I am interested in all good stories so please get in touch with me if you have one. I have a broad brief but have a particular penchant for company results, and news from investments banks, wealth and asset managers.

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Security firm G4S reports results this week

March 5, 2017

Security firm G4S will be reporting its 2016 full year results on Wednesday, the same day as the budget. This week’s numbers will spotlight the extent to which the group’s chief exec, Ashley Almanza has been successful in turning around the beleaguered company. Investors will be keen to see what progress the company has made [...]
Gym group David Lloyd is for sale

March 5, 2017

David Lloyd owners are preparing to sell the gym chain for £1.3bn, according to The Telegraph. A sale of the gym group, which runs 83 clubs in the UK and 12 in the Netherlands, Belgium and Spain, is expected to draw considerable interest from private equity investors. However, the sale cannot proceed until a prior [...]
Volvo reverses away from Lotus car brand deal

March 5, 2017

The Chinese parent company of Volvo, Geely, has reportedly done a swift three-point turn out of a deal to buy Malaysian auto maker, Proton, which owns British iconic car brand, Lotus. According to the Sunday Times, talks between Geely and Proton have stalled, leaving a question mark over the future of Lotus. Lotus has been [...]
Aviva and Legal General set to report profit rises

March 5, 2017

Insurers Aviva and Legal & General are expected to report profit rises when they report on Wednesday and Thursday respectively next week. Analysts expect Aviva’s full-year operating profits to rise 8 per cent to £2.9bn and Legal & General is likely to advise operating profit increases of £1.6bn, an increase of 13 per cent, compared [...]
New York wins big in global IPO boom – and that’s even before Snap’s flotation is counted

March 2, 2017

The New York Stock Exchange (NYSE), home to this week’s eagerly-awaited IPO from Snap, has been the most popular exchange for new listings globally so far this year. The findings come as new data shows that the number of flotations worldwide has surged to levels not seen since before the credit crunch. With 187 offerings [...]
Immigrants add £83bn of economic value to London

March 1, 2017

Migrant workers in London with full time jobs each contribute an additional £46,000 net in gross value added (GVA) per year to the economy, research by PwC and London First reveals. A combined total of £83bn for all of London’s 1.8m migrant workers is added, making up approximately 22 per cent of the capital’s GVA. [...]
Man Group reports losses and lower performance fees

March 1, 2017

Hedge fund Man Group disappointed investors with pre-tax losses of $272m for 2016 this morning, largely driven by accounting write downs at the company’s discretionary investments arm, GLG, and at FRM, Man’s fund of funds business. Performance fee revenues were down to $81m, compared to $302m in 2015, with declines across all divisions. The FTSE [...]
NCC chief exec Rob Cotton has stepped down after profit warnings

March 1, 2017

Cyber security group NCC has announced chief exec Rob Cotton has stepped down today with immediate effect. The departure follows two recent profit warnings, and the group is now on the hunt for a new boss and a new chairman. Paul Mitchell, the current chairman, steps down at the end of May. The company recently appointed [...]
Deputy governor of the Bank of England Ben Broadbent appointed by Mark Carney as member of Prudential Regulation Committee board

February 28, 2017

Ben Broadbent, the Bank of England deputy governor responsible for monetary policy, including monetary analysis and notes, has been appointed by governor Mark Carney, to take a seat on the influential Prudential Regulation Authority (PRA) board. The appointment is in conjunction with structural reform of the Bank’s governance, following the breakup of the former Financial [...]
Who exactly is Charlotte Hogg?

February 28, 2017

Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]

Zopa Bank’s profit booms despite ‘penalised’ motor finance hit

Sir James Dyson buys 50 per cent stake in top flight English sport club

Pairing wine with spicy food at London restaurants KOL and Gunpowder

By: Imran Khan

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