Jefferies and Cantor reach settlement on banker poaching squabble in London court November 1, 2021 American finance bigwigs Jefferies and Cantor Fitzgerald have reportedly agreed to settle a London lawsuit after a years-long battle that centred around a mass migration of bankers between the firms in multiple locations. It brings an almost three year lawsuit to an end, after Jefferies first filed a lawsuit in London against the brokerage and [...]
Johnson: Other climate promises will just be ‘blah blah blah’ unless leaders act at COP26 November 1, 2021 Prime minister Boris Johnson has called climate change the real world’s ‘doomsday device’, as he welcomed world leaders ahead of two weeks of climate negotiations at COP26 today. “We are in roughly the same position, my fellow global leaders, as James Bond today, except that the tragedy is that this is not a movie, and [...]
Spate of downbeat economic news knocks UK business confidence November 1, 2021 The spate of negative news about the health of the UK economy has knocked businesses’ confidence. A combination of supply chain snarl ups, soaring inflation, severe worker shortages and uncertainty over the trajectory of Covid-19 has pulled confidence levels back from highs of 27 per cent in June, research by the Institute of Directors (IoD) [...]
Chinese-backed takeover review delayed amidst new UK security law – CityAM : CityAM November 1, 2021 A security review of the Chinese-backed takeover of Britain’s biggest microchip plant has been delayed until next year. Sources close to the £63m takeover of the Newport Wafer Fab by Wingtech-owned Nexperia said that a review ordered by Boris Johnson was unlikely to be reported before the new year. Nexperia, based in Amsterdam but owned [...]
Faith restored: Gothic-style converted church goes on sale for £2m in Brighton November 1, 2021 City workers hoping to escape the capital can look to Brighton for a ubiquitous converted church. The two bedroom property on Queensbury Mews, in the city’s desirable BN1 postcode, is on sale on RightMove, with a guide price of £2m. Its listing says it combines “the most wonderful mix of both contemporary interior design,” while [...]
Interview: Mike Adams, CEO of Purple, on changing the disability conversation November 1, 2021 Mike Adams, CEO of Purple, shares with Lysanne Currie his mission to change the disability conversation from disadvantage and inequality to one about potential and value. This article first appeared in ICAS’ CA magazine. Mike Adams has a useful exercise for leaders to try with their own company website. He calls it the no-mouse test. When [...]
Ex-Barclays banker banned for life after Euribor rigging November 1, 2021 A former Barclays banker, convicted for rigging a benchmark rate, has been handed a lifetime-ban by the Financial Conduct Authority (FCA) from working in the finance sector again. In 2019 Colin Bermingham was found guilty of manipulating the Euribor benchmark by a majority verdict of a jury, and sentenced to five years in prison. In a [...]
Elon Musk says he’ll sell Tesla stock if the UN can show how he can solve world hunger November 1, 2021 Responding to comments from the United Nations World Food Program (WFP) director, David Beasley, who told CNN that global hunger could be solved a “one-time” payment from some of the world’s wealthiest people, Elon Musk tweeted: “If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.”
Starling Bank chief swats away suitors in fresh book chapter November 1, 2021 The chief of digital bank Starling Bank has swatted away speculation that the lender is up for sale in a new chapter of her book. Anne Boden, founder and chief executive of the fintech, said in an updated version of her book Banking On It: “Starling is not for sale and I very much want [...]
End of investor lock-up causes further fall in Darktrace share price – CityAM : CityAM November 1, 2021 Shares in cybersecurity company Darktrace continue to fall sharply as share lock-up on insiders expires on Wednesday. The FTSE 100 company fell as much as 14.7 per cent this morning, and was down around 12.5 per cent by midday. A freeze on insiders offloading shares will end for the company’s biggest investors, meaning tech investors [...]
