City Moves for 25 October – Who’s switching jobs at Refinitiv, Ratesetter and GCA Altium? October 25, 2019 Today’s City Moves includes Refinitiv, Ratesetter and GCA Altium Refinitiv Financial markets data platform Refinitiv yesterday announced the appointment of Alex Cesar as its new chief technology officer (CTO). Alex will lead the software engineering teams that build, operate and innovate Refinitiv’s strategic data platforms and the core capabilities and requirements that underpin them. Alex [...]
Barclays backs down over Post Office cash ban after backlash from MPs October 24, 2019 Barclays has rowed back on controversial plans to stop cash withdrawals from post offices, after it came under fire from an influential committee of MPs. Politicians were set to urge Barclays to reverse its decision in a session of the Business, Energy and Industrial Strategy (Beis) Committee tomorrow, threatening to grill the lender’s bosses in [...]
Brexit secretary hammered over Northern Ireland checks October 24, 2019 Brexit secretary Steve Barclay has been hammered over the prospect of checks on goods coming in and out of Northern Ireland, after apparent inconsistencies in the government’s position. Earlier this week the minister admitted that firms in Northern Ireland would have to fill out export declaration forms when sending goods to Great Britain under the [...]
Metro Bank to be loss-making ‘in 2020 and beyond’, Barclays warns October 24, 2019 City experts have warned of further pain to come at Metro Bank after the troubled lender revealed widening losses last night. Metro Bank reported underlying losses before tax of £3.6m for the first nine months of the year after the bell closed yesterday, falling from £25.1m last year as a result of a major accountancy [...]
Profit sinks at Premier Inn owner Whitbread as Brexit uncertainty hits hotel demand October 22, 2019 Profit slipped at Premier Inn owner Whitbread in its latest half-year as the company grappled with a weak UK travel market after selling coffee chain Costa to Coca-Cola last year. Read more: Whitbread share price tumbles on Barclays downgrade The figures Pre-tax profit fell 7.1 per cent to £220m, down from £237m this time last [...]
City groups join forces for new mental health care commitments October 21, 2019 City businesses are joining forces with charities today in an effort to promote mental health care in the work place. Leading business and non-governmental figures have signed up to the Mental Health at Work Commitment, a set of standards for the industry which launched this morning. Read more: Accountancy sector lagging behind business on diversity, [...]
Brexit secretary tells MPs: Back landmark Brexit bill if you want to leave EU by Halloween October 21, 2019 The government has confirmed it will bring forward its “landmark Brexit bill”, as it continues to press ahead with its aim of leaving the EU by 31 October. The bill, which will enshrine Boris Johnson’s 11th-hour deal in law and pave the way for a Hallowe’en departure from the EU, is being introduced today ahead [...]
Traders braced for busy week as pound opens flat and European markets edge up October 21, 2019 Traders are bracing themselves for a fresh week of market mayhem amid trade war negotiations and Brexit uncertainty. Optimism over an end to the US-China tariff battle has pushed European markets up slightly after the opening bell this morning, with both the German Dax and the FTSE 100 rising 0.4 per cent. Read more: Speaker [...]
Barclays UK chairman Sir Ian Cheshire: Get on with Brexit October 21, 2019 Barclays UK chairman Sir Ian Cheshire has urged the government to press ahead with Brexit, becoming the latest City figure to express his frustration at the continued uncertainty in Westminster. The pro-Remain businessman, who was previously the boss of Kingfisher, told the BBC this morning that Downing Street’s agreement with the EU is “an acceptable [...]
Boris Johnson’s deal is on a knife edge as Angela Merkel calls on EU to support Brexit delay October 18, 2019 Angela Merkel is said to have told other EU leaders a Brexit extension would be inevitable should MPs reject Boris Johnson’s withdrawal deal. The German Chancellor told fellow European leaders they could not pretend there would be no extension if the UK requested one, according to reports. Read more: PM Johnson scrambles to save Brexit [...]