Hedge fund tycoon Sir Chris Hohn pockets £343m in record payday March 1, 2021 Hedge fund billionaire Sir Chris Hohn paid himself £343m ($479m) last year in what is believed to be the UK’s largest ever annual pay packet. The tycoon took home the record wage after his Children’s Investment Fund (TCI) booked pre-tax profit of $695m, up from $420m the previous year. The bumper salary, paid for the [...]
Brits are suffering from home working ‘fatigue’, says Canary Wharf boss March 1, 2021 Brits are ready to return to the office because a year of working from home has left many “fatigued”, a top executive at Canary Wharf Group has said. Howard Dawber, head of strategy at the property giant, said that while working habits may change after the pandemic, people are missing office and city-centre life. “We’ve [...]
London has a new vermouth company just in time for summer March 1, 2021 London now has its own vermouth label, producing three very Home Counties vermouths. The new London Vermouth Company, set up by three life-long friends – Guy Abrahams, Andrew Wealls and Ben Leask – worked with recipe and drinks developer Camille Hobby Limon to produce their No.1 Amber Limon and No.2 Camille’s Red vermouths. The No.3 [...]
Bank of Ireland to shut 103 branches as digital shift reaches ‘tipping point’ March 1, 2021 Bank of Ireland has announced it will close 103 branches across the island as the bank shifts to a digitally driven service. The closures are part of a cost cutting initiative which will shut 15 of its 28 branches currently operating in Northern Ireland. In August, the bank said it was aiming to cut 1,400 [...]
PM says remote working won’t be the new normal February 26, 2021 PM Boris Johnson said Britain is not facing a new age of remote working. In a video message today Johnson said British people would be “consumed again” by wanting to meet people in person once the economy reopens, and that this would have clear benefits for business. He added people will be commuting to city [...]
Barclays faces renewed shareholder challenge on fossil fuels February 26, 2021 Barclays faces a second consecutive year of shareholder pressure on its position as Europe’s largest fossil fuel financier, after a shareholder resolution has been filed for the bank’s upcoming AGM on 5 May. The resolution calls for financing and exposure to coal, oil and gas to fall in line with the Paris Agreement’s climate goals. [...]
Financier Amanda Staveley loses High Court battle with Barclays February 26, 2021 Financier Amanda Staveley who sued Barclays over the behaviour of bank bosses when negotiating investment deals during the financial crash has lost her court battle. The high-profile trial centred around the claim that Barclays gave Staveley’s private equity firm PCP Capital Partners less favourable treatment than other parties in the emergency £7.3bn fundraising that saved [...]
Goldman Sachs boss David Solomon: Working from home is not the new normal February 25, 2021 Goldman Sachs boss David Solomon: Working from home is not the new normal
The highs and lows of Antonio Horta-Osorio’s decade at Lloyds February 24, 2021 The return to dividend payouts announced today is a strong legacy for the outgoing Lloyds boss, who oversaw the successful turnaround of a bank left reeling from the financial crisis. Antonio Horta-Osorio will step down at the end of April, with finance chief William Chalmers set to take over temporarily before HSBC banker Charlie Nunn [...]
Vodafone confirms Frankfurt float for mobile masts business February 24, 2021 Vodafone has confirmed plans to float its mobile masts division on the Frankfurt Stock Exchange by the end of March. The mobile network launched Vantage Towers last year in a bid to cash in on its lucrative infrastructure amid tough competition in the telecoms market. The company operates 82,000 towers across 10 European markets and [...]