Celebrities take to the trading floor to raise money for charity September 11, 2019 Prince Harry became a city boy for a morning yesterday. Along with movie stars, music artists and sports personalities, the Duke of Sussex turned his hand to trading stocks in aid of charity. Traders watched on as the Prince hit the phones to seal deals with clients, helping to raise money as part of brokerage [...]
Hong Kong’s bid for London Stock Exchange whips up a storm September 11, 2019 A blockbuster plan to merge the London Stock Exchange with its Hong Kong counterpart faces an uphill battle after being met with scepticism from politicians and investors alike today. Read more: Hong Kong bourse proposes merger with LSE Hong Kong Exchanges and Clearing (HKEX) shocked the City this morning after revealing a surprise £32bn bid [...]
Analysis: Could HKEX’s shock £32bn grab for London Stock Exchange actually succeed? September 11, 2019 Talk about a blockbuster day in the City. Investors expecting a quiet morning were caught off guard when the London Stock Exchange received a shock £32bn offer from Hong Kong Exchanges and Clearing (HKEX). Read more: Hong Kong bourse makes audacious £32bn offer for London Stock Exchange The bid, which puts the LSE’s own £20bn acquisition [...]
EU capital markets post-Brexit will look ‘smaller, less developed and more French’ September 10, 2019 Capital markets in the European Union will look “smaller, less developed and more French” in the wake of Brexit, according to a report released this morning. Britain’s split from the EU is likely to reduce the trading bloc’s footprint in capital markets from 21 per cent of global activity to 14 per cent, putting it [...]
Barclays and Lloyds Banking Group reveal PPI balance sheet hit September 9, 2019 Two of Britain’s biggest banks warned of billion-pound costs from a rush of claims for mis-sold payment protection insurance (PPI) today. Barclays revealed after trading closed tonight that it was facing costs of up to £1.6bn following a bigger-than-expected stampede of complaints in the run-up to the 29 August deadline. Read more: How did banks [...]
Sports Direct’s Mike Ashley makes move for Links of London September 9, 2019 Retail magnate Mike Ashley is hoping to ramp up his high street spending spree after putting in an offer for troubled jewellery group Links of London. The Sports Direct owner is tabling a bid to snap up the retail outlet, according to Sky News, which has reported that Ashley is one of two final bidders [...]
Pro-Kremlin party United Russia loses third of seats in Moscow elections September 9, 2019 Russia’s ruling party lost a third of its seats in a Moscow election over the weekend, suffering at the polls following mass public protests. United Russia, which supports President Vladmir Putin, suffered a string of defeats in the Moscow vote, although it remains on course to retain a majority. Read more: Russia threatens retaliation against [...]
Global temperature changes top list of extreme risks for investors September 9, 2019 Global temperature changes have become the top extreme risk for investors, according to a new index of the greatest threats to world economic growth in 2019. Weather hazards, a collapse in global trade and cyber warfare were ranked as the greatest risks in a report that categorises rare events which could have a high impact [...]
AI investment in UK reaches record high September 9, 2019 Investors poured a record level of money into the UK’s artificial intelligence (AI) sector during the first half of 2019. Trailing behind only China and the US, the UK is currently third in the world for raising investment in AI after hitting an all-time high in the six months to June this year. Investment in [...]
Investor backlash over pay at Dixons Carphone AGM September 5, 2019 Electrical goods giant Dixons Carphone faced an investor backlash at its annual general meeting (AGM) this afternoon, following controversy over share awards handed out to its chief executive. Almost 17 per cent of shareholders voted against proposals to approve the annual pay report for directors at the firm and re-elect boss Alex Baldock as a [...]
