Financial Conduct Authority (FCA) proposes to clear the way for London Saudi Aramco listing with new rules July 13, 2017 The UK’s financial watchdog has proposed new rules to make it easier for sovereign state-owned companies like oil giant Saudi Aramco to list their shares in London. The Financial Conduct Authority (FCA) today launched a consultation on a new premium listing category that will exempt certain companies from rules on related party transactions and controlling [...]
A gay man has won equal pensions rights in a landmark Supreme Court ruling July 12, 2017 The Supreme Court has delivered a landmark ruling giving the husband of a gay man the same pension rights as a wife would receive. John Walker, 66, challenged a Court of Appeal decision to support his former employer Innospec. The chemicals firm said it willrefuse to pay his pension to his husband because Walker’s employment [...]
Michael Spencer’s Nex Group (formerly known as Icap) plans to ditch Broadgate for Spitalfields Market April 19, 2017 Michael Spencer’s Nex Group is plotting a move from Broadgate to Spitalfields Market. The company formerly known as Icap said it was in advanced negotiations with Ashurst regarding leasing 115,000 square feet of office space in the London Fruit and Wool Exchange for its new UK headquarters. Read more: Icap charity day: Here are some [...]
High Court rules Aslef strikes can go ahead on Southern rail after legal bid by Govia Thameslink Railway fails December 8, 2016 A High Court judge has ruled that train drivers' strikes on Southern Rail can go ahead from next week, after a legal challenge failed. Southern rail owner Govia Thameslink Railway (GTR) had sought an injunction to stop industrial action by train drivers' union Aslef, but the judge ruled the rail operator didn't have grounds to challenge [...]
Ranked: City law firms with the most staff fleeing to Ireland after the Brexit vote December 6, 2016 It's been revealed there was a huge jump in the number of English solicitors registering to work in Ireland after the Brexit vote – the figure jumped more than 10 times between 2015 and 2016. Yes, according to figures released last night by the Law Society of Ireland, the number of English solicitors registering to [...]
“A slippery slope to privatisation”: Network Rail shake-up draws mixed reactions December 6, 2016 Chris Grayling's plans to shake-up Network Rail's monopoly on track maintenance have already caused quite the stir. Service operators will be given a role in managing the tracks and Grayling wants the firms operating services to form a joint management team with bosses from state-owned Network Rail. He said on BBC's Today programme that he [...]
City Moves for 28 November 2016 | Who’s switching jobs November 28, 2016 Ashurst International law firm Ashurst has appointed Jan Gooze-Zijl as chief financial and operations officer and he will join the firm in February 2017. Jan joins from multichannel broadcaster UKTV where he is chief financial and operations officer, responsible for all financial decision-making and all technical and operational aspects of the organisation. Prior to UKTV, [...]
A gold-en choice for silver circle firm: Ashurst appoints TV expert to its board November 25, 2016 A City law firm has taken the unusual step of hiring its new chief operating officer from a TV company. Jan Gooze-Zijl, who currently serves on the board of UKTV – the owner of channels Dave and Gold – is to swap re-runs of Top Gear, Only Fools and Horses and Wheeler Dealers, for an executive role at [...]
Watchdog moves to quash misleading rankings in investment banking October 18, 2016 The City watchdog has today proposed putting an end to misleading league tables used by banks looking to woo clients. Publishing its final findings from its investment and corporate banking market study, the Financial Conduct Authority (FCA) noted it was not uncommon for banks to use league tables in pitches which inflated their performance, and added it [...]
Watchdog reveals new plans for taping bankers’ calls as it announces potential tweaks to incoming red tape September 29, 2016 The City watchdog has today revealed proposals to bolster a critical piece of incoming red tape, including extended plans for taping bankers' phone calls. The Financial Conduct Authority (FCA) has published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive, which is due to come into force in January 2018, and is a [...]