Goldman Sachs bats off competitors with first UK transaction bank June 21, 2021 Goldman Sachs is set to appear in the UK after the Wall Street-based firm said today it has launched its £35bn transaction bank in the country. The global investment bank expanded its transaction bank business after launching in the US last year, while it eyes steadier revenue sources beyond its investment division. Goldman’s shares sank [...]
Explained: Why Cristiano Ronaldo’s Coke snub at Euro 2020 was not the cause of Coca-Cola’s share price drop June 17, 2021 Cristiano Ronaldo was credited with knocking $4bn off the value of Coca-Cola earlier this week when he snubbed the soft drink – but does the theory stack up? The Portuguese football superstar pointedly moved two bottles of Coke from his desk at a Euro 2020 press conference and instead held up a bottle of water, [...]
Listing bonanza: Here are the IPOs to watch out for this year June 16, 2021 Building on the momentum seen towards the end of last year, IPO activity in London is surging so far this year. However, Deliveroo’s recent IPO flop demonstrates that success is far from guaranteed. City A.M. compiled an overview of the UK, US and international IPO contenders to watch this year as the global economy recovers. [...]
Internal audit and its role in corporate governance June 11, 2021 Internal audit plays a key part in the corporate governance environment. Alan Simpson CA considers its role. The board of directors is ultimately responsible for the organisation’s effective governance. Corporate governance is the collective name given to the various policies, rules, practices and processes established by authority of the board to govern the organisation effectively, [...]
Brexit: Forced relocation of derivatives clearing from City to Frankfurt would only hurt EU, LSE warns June 7, 2021 In case the European Union does press ahead with the forced relocation of Euro derivates clearing from London to European capitals, costs for customers will jump and would ultimately put EU firms at a competitive disadvantage compared to their international rivals, according to the London Stock Exchange. “Restricting access to the EU economy and the [...]
Billionaires eye Bitcoin as crypto-related services expand June 1, 2021 CryptoCompare's Francisco Memoria gives us a rundown on what's happened in the cryptocurrency world over the last week.
Daily Mail group revenue plunges £95m but investments offset the loss May 27, 2021 The group behind the Daily Mail has seen revenues tumble 12 per cent over the past six months, the newspaper group said this morning, but its investments may have offset the loss. The newspaper group raked in nearly £100m less in the six months to 31 March, earning revenue of £547m, down from £642m in [...]
Sunday Times Rich List: Who came out on top among a record 171 billionaires? May 21, 2021 Sunday Times Rich List: Record 171 billionaires in the UK, so who came out top?
Klarna mulls London stock market float after post-Brexit listing revamp May 21, 2021 Klarna is weighing up a potential stock market float in London, but has said its decision will rest on changes to listing rules in the capital after Brexit. Chief executive Sebastian Siemiatkowski said London had the opportunity to strengthen its reputation as a global financial hub by attracting more fintech firms and banks. “As Brexit [...]
Alphawave shares lift slightly, after 22 per cent plunge in London stock market debut May 14, 2021 Following a turbulent market debut yesterday, Alphawave’s shares rebounded slightly in its second day of trading in the capital. The tech firm’s share price bounced to 366.2p per share this morning, down 1.03 per cent, after prices fell as low as 310.85p yesterday. Over half a billion pounds was wiped from the Canadian computer chip [...]