Corporate advisory firm Moorgate Capital in court battle with private equity fund HIG European Capital Partners September 16, 2018 Corporate advisory firm Moorgate Capital and private equity fund HIG European Capital Partners are locked in a court battle over an alleged unpaid £1m fee. Moorgate alleges that HIG had promised to pay Moorgate £1m in the event it acquired printing firm Bezier, which HIG did in 2011. Read more: Lloyds Bank private equity arm [...]
City’s elite Magic Circle law firms under pressure from expansion of US entrants September 16, 2018 "The likes of Cazenove were great UK banks, seemingly unassailable on the world stage, but slowly and surely every single one was taken over, they all fell to the might of the US banks,” says White & Case corporate partner Guy Potel, “and it might be that something similar is happening in the legal industry.” The reshaping [...]
City’s elite Magic Circle law firms under pressure from expansion of US entrants September 16, 2018 "The likes of Cazenove were great UK banks, seemingly unassailable on the world stage, but slowly and surely every single one was taken over, they all fell to the might of the US banks,” says White & Case corporate partner Guy Potel, “and it might be that something similar is happening in the legal industry.” The reshaping [...]
Canadian Center Parcs-owner increases dividend more than 500 per cent despite profit slipping September 16, 2018 The Canadian owner of Center Parcs increased the dividend it took out of the holiday park operator by more than 500 per cent last year, despite a slide in profits. Brookfield took £298m in dividends from Center Parcs last year, up from £45.8m the year before, its accounts show. Center Parcs was hit by the [...]
Canadian Center Parcs-owner increases dividend more than 500 per cent despite profit slipping September 16, 2018 The Canadian owner of Center Parcs increased the dividend it took out of the holiday park operator by more than 500 per cent last year, despite a slide in profits. Brookfield took £298m in dividends from Center Parcs last year, up from £45.8m the year before, its accounts show. Center Parcs was hit by the [...]
Bank of England boss Mark Carney warns house prices could fall by a third in a no-deal Brexit September 13, 2018 The governor of the Bank of England Mark Carney said house prices could crash 35 per cent over three years in the event of a no-deal Brexit in a briefing to cabinet today. Carney said if the UK crashed out of the European Union without a deal, a sharp rise in mortgage rates could torpedo [...]
Bank of England boss Mark Carney warns house prices could fall by a third in a no-deal Brexit September 13, 2018 The governor of the Bank of England Mark Carney said house prices could crash 35 per cent over three years in the event of a no-deal Brexit in a briefing to cabinet today. Carney said if the UK crashed out of the European Union without a deal, a sharp rise in mortgage rates could torpedo [...]
Norwegian trader leaves €114m hole in Nordic energy trading market September 13, 2018 A Norwegian trader who was once the country’s highest tax payer has been kicked off the Nasdaq after defaulting, leaving a €114m (£101m) hole in the clearing house’s default fund. Power trader Einar Aas said in a statement “My position was too big in relation to the market’s liquidity”. Read more: Former UBS trader Kweku [...]
Norwegian trader leaves €114m hole in Nordic energy trading market September 13, 2018 A Norwegian trader who was once the country’s highest tax payer has been kicked off the Nasdaq after defaulting, leaving a €114m (£101m) hole in the clearing house’s default fund. Power trader Einar Aas said in a statement “My position was too big in relation to the market’s liquidity”. Read more: Former UBS trader Kweku [...]
Goldman Sachs shakes up top team as Solomon prepares to take the helm September 13, 2018 US bank Goldman Sachs has installed a new chief finance officer and new chief operating officer as incoming chief executive David Solomon prepares to take control. The bank named Stephen Scherr as its new finance boss, replacing Martin Chavez. Chavez, who has served as finance chief since May 2017, will return to the bank’s trading [...]
