City Moves for 3 January – who’s switching jobs at Evox, DAZN and Square Mile? January 2, 2019 Who’s starting the New Year in a new role? Evox Evox Therapeutics , a leading exosome therapeutics company, is pleased to announce the appointment of Dr Edwin Moses as non-executive chairman. Edwin will bring a wealth of experience to Evox, as the Company continues to grow its pipeline of pioneering exosome-based therapeutics. Edwin is a [...]
Do markets have much to celebrate going into 2019? Analysts say anything is possible January 2, 2019 Is a rebound across global indices on the cards in 2019? Callum Keown asks top analysts for their predictions. AS 2019 begins, the year inherits a smorgasbord of risks and uncertainty from a tumultuous 2018, which was characterised by market volatility, global growth concerns and emerging market crises. US stock markets had their worst year in [...]
Why 2019 will not mark the death of the high street January 2, 2019 When HMV went into administration in 2013, disgruntled employees used the retailer’s Twitter account to give live updates of the “mass execution” at the beleaguered music firm. However, ahead of last week’s announcement that the the 97-year-old business was collapsing for a second time, passwords for all its social media accounts were changed to avoid [...]
Audit sector faces huge shake-up as new reports make radical recommendations December 18, 2018 The stage has been set for a radical shake-up of the UK’s audit sector, following the release of two highly-anticipated reports. Britain’s audit watchdog, the Financial Reporting Council (FRC), should be scrapped and replaced with a new statutory body, Sir John Kingman’s review of the Financial Reporting Council (FRC) has said. Meanwhile, the Competition and Markets [...]
The Kingman review, digested: Five key points from today’s report December 18, 2018 Today saw the release of two big reports into the audit sector: Sir John Kingman’s review of the Financial Reporting Council (FRC), and the Competition and Markets Authority’s (CMA) interim report into competition in the audit sector. The CMA – which has opened a can of worms by putting a radical split of professional services [...]
City Moves for 13 December – who’s switching jobs at AK Jensen, City of London Group and Eversheds Sutherland? December 13, 2018 Who’s switching jobs? AK Jensen AK Jensen Group (AKJ), the financial services specialist serving institutional and hedge fund clients globally, today named Sher Malhi as its new Chief Financial Officer Sher joins AKJ at an exciting time, as the group expands from its hedge fund origins into the digital assets domain. Sher brings a wealth [...]
Bad news in the boardroom swerved by Nissan’s UK brand December 12, 2018 This week Carlos Ghosn, one of the world’s most powerful and influential automotive executives, remains in jail on suspicion of financial misconduct. It emerged in early November that Ghosn had left his role as Nissan chairman following allegations that he had under-reported his pay packet. Since 2010, Japanese firms have been required to disclose salaries [...]
City Moves for 12 December – who’s switching jobs at Techmet, Lilium and On the dot? December 12, 2018 Who’s swapping jobs today? Techmet Techmet, a UK-based private industrial company that is building controlling or significant minority positions in world-class projects across the technology metal supply chain, today announces the appointment of Admiral Michael Mullen as chairman of its advisory board. Admiral Mullen was the Chairman of the Joint Chiefs of Staff of the [...]
And BDO makes five? Don’t count on it, says firm’s global chief December 11, 2018 The global boss of professional services firm BDO had said it has no ambitions to join the ranks of the Big Four, as it aims for dominance of the mid-market across its operations. The firm, Britain’s sixth-largest auditor, revealed its global fee income hit $8.99bn (£7.16bn) for the past year – a 10.7 per cent [...]
Here’s how politicians and markets are reacting to parliament’s Brexit vote being pulled December 10, 2018 Reports that Prime Minister Theresa May has pulled a highly-anticipated parliamentary vote on her Brexit deal have sent shockwaves through Westminster and into wider business world. Sources told City A.M. tomorrow’s so-called meaningful vote, in which May faced almost-certain defeat, has been dropped after over 100 Conservative MPs vowed to vote against the government. The [...]