Credit Suisse boss receives 30 per cent pay rise despite falling share price March 22, 2019 The chief executive of Credit Suisse Tidjane Thiam has received a pay boost of 30 per cent to 12.65m Swiss francs (£9.7m), the group’s annual report showed today. The Swiss bank said the pay rise was “designed to acknowledge the strong performance of Mr Thiam over the course of his tenure to date and the successful [...]
Kirkland & Ellis retains its title as world’s richest law firm after 18 per cent revenue growth March 21, 2019 US legal powerhouse Kirkland & Ellis has retained its title as the world’s wealthiest law firm after its revenue jumped 18 per cent to $3.76bn (£2.87bn) in 2018. The firm, which has expanded rapidly in London in recent years, also boosted profit per equity partner (Pep) seven per cent to $5.03m, the first time it [...]
Online trading firm IG Group’s shares slide as it announces quarterly revenue drop March 21, 2019 Shares in online trading business IG Group tumbled today after it said its revenue fell in the three months to 28 February. IG Group has been hit hard by a regulatory crackdown on the offering of contracts for difference to retail clients. The company said its net trading revenue was £108m in the third quarter, [...]
Sports Direct reissues its demand for Mike Ashley to be given a top job at Debenhams March 21, 2019 Sports Direct has today requested a general meeting of Debenhams to eject the board and give Mike Ashley an executive role at the struggling retailer. The requisition replaces an earlier demand which was invalid because Sports Direct was holdings its shares at that period through a third party nominee. Read more: Debenhams pressure mounts amid [...]
Profit dips at Shore Capital ahead of its purchase of Stockdale Securities March 21, 2019 Profit dipped at corporate finance firm Shore Capital in 2018, in a year of rocky capital markets. Read more: Shore Capital snaps up Stockdale Securities to create broking powerhouse The figures The Aim-listed business said profit fell 11.1 per cent to £4.1m, which it blamed on increased investments. Revenue increased 3.4 per cent to £43.3m and its [...]
Pimlico Plumbers boss Charlie Mullins blasts ‘small-minded haters’ after gig economy tribunal victory March 20, 2019 The boss of Pimlico Plumbers Charlie Mullins has blasted critics of his company as “small-minded haters," following a victory today at an Employment Tribunal in Croydon on whether a former plumber at the company was entitled to holiday pay. “This decision is a vindication of everything that Pimlico Plumbers stands for. It also sends a message [...]
Donald Trump brands Kellyanne Conway’s husband a ‘stone cold LOSER’ in bizarre Twitter blast March 20, 2019 US President Donald Trump has never been shy throwing around insults on Twitter, with historic targets including North Korean leader Kim Jong Un (“Rocketman”), former FBI director James Comey (“not smart”) and the media (“FAKE NEWS”). His latest target is more surprising: George Conway, husband of one of his closest aides, Kellyanne Conway. Trump unleashed [...]
Slim pickings at Slaughter and May as only one lawyer made up to partner March 20, 2019 Transactional advisory powerhouse Slaughter and May has promoted just one lawyer to its partnership in its 2019 promotions round. The Magic Circle firm made up four new partners in 2018, seven in 2017 and 10 in 2016. The only lawyer to make the grade this year is City M&A and corporate finance practitioner Harry Bacon [...]
Shares in FTSE 250 miner Ferrexpo plunge after it delays its financial results amid Ukrainian charity probe March 19, 2019 Shares in iron ore miner Ferrexpo fell nearly 10 per cent today after it said it was delaying its 2018 financial results amid a probe into its relationship with a Ukrainian charity. The miner established an independent review committee (IRC) in February to investigate donations it had made to Ukrainian charity Blooming Land. Read more: Iron miner [...]
Nicky Morgan calls for investigation into possible regulatory failings in collapse of lender London Capital & Finance March 19, 2019 The chair of the Treasury Committee Nicky Morgan MP has called for an investigation into whether there were regulatory failings surrounding the collapse of lender London Capital & Finance (LC&F) which went into administration in December. Morgan has written to the board of the Financial Conduct Authority (FCA) to ask it to consider whether the [...]
