Citigroup hires veteran JP Morgan dealmaker to bolster London team September 14, 2022 Citigroup has hired JP Morgan veteran Barry Weir as the new managing director of its London investment banking team. The veteran dealmaker, known for his expertise in natural resources, will join Citigroup’s London office in September, acco. rding to Bloomberg. Citibank’s poaching efforts come as the New York bank is seeking to bolster its UK [...]
Citigroup opens Malaga hub to offer junior bankers better work-life balance September 14, 2022 Citigroup has opened a new hub for junior investment bankers in the Spanish seaside city of Málaga on the Costa del Sol. The US bank selected 27 of more than 3,000 applicants to work at its new Spanish hub, as part of a two-year programme promising work-free weekends and eight hours days. In locating its [...]
UK’s financial sector faces new wave of brute force DDoS attacks September 14, 2022 The UK’s financial sector is experiencing a wave of brute force Distributed Denial of Service (DDoS) attacks, new data obtained through a freedom of information request shows. Hackers are increasingly using brute force tactics to launch cyberattacks against the UK’s financial sector, as they pivot away from using phishing and malware scams, the Financial Conduct [...]
Shares in Naked Wines plummet following shock stock market announcements September 14, 2022 INVESTORS gave Naked Wines a sniff yesterday after two shock stock market announcements – and sent the sommellier back to the cellar. Shares were down almost 40 per cent yesterday after the firm this week announced the departure of a non-executive director after just two weeks and a worrying business update. Wayne Brown, an analyst [...]
Tullow Oil chiefs double down on plans for £1.5bn Capricorn merger September 14, 2022 BOSSES at Tullow Oil yesterday reaffirmed their commitment to a £1.5bn merger with Capricorn – though shareholders in the latter continue to sound the alarm on the possible deal. Tullow announced the deal in June, with CEO Rahul Dhir yesterday saying that the merger has “the potential for material value creation” alongside half year profits [...]
Assault on ‘profiteering’ green energy firms misses the point entirely September 14, 2022 The European Commission’s assault on energy providers of all stripes yesterday has been coming. Thanks to the byzantine structure of the energy market, the biggest winners of gas prices going through the roof have been electricity producers who source their fuel from alternatives. The European Commission wants to stop them raking it in whilst gas [...]
Mourners queue overnight to see the Queen lying in state September 14, 2022 For all the predictions of heavy rain as Brits queued in line to see the Queen’s coffin, the sun-soaked South Bank today filled up with mourners in good spirits – with thousands staying in line overnight. The government had warned Brits that well-wishers might have to queue for as long as thirty hours but for [...]
Legal sector hits back at EU calls for regulation of third-party litigation funders September 14, 2022 Lawyers and litigation funders have hit back at EU plans to regulate the third-party litigation financing industry in claiming new rules could limit access to justice. The clashes come after the EU parliament on Tuesday voted overwhelmingly in favour of adopting a report by German MEP Axel Voss calling for new regulation of Europe’s [...]
London’s FTSE 100 dips after weaker than expected UK inflation September 14, 2022 London’s FTSE 100 dripped lower today after fresh figures revealed UK inflation is cooling. The capital’s premier index tumbled 1.47 per cent to 7,277.30 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 1.66 per cent to below the 19,000 point mark. Traders were [...]
Thousands gather to watch Queen’s coffin procession from Buckingham Palace to Westminster Hall September 14, 2022 Members of the Royal Family including Princes Harry and William marched behind the Queen’s coffin in a procession today, as it was delivered from Buckingham Palace to Westminster Hall in parliament. Tens of thousands of mourners gathered outside the gates of the famous London residence of the Royal household, and lined the streets of the [...]
