Recruiter Hays’ share price slips after it lags fee expectations in trading update April 16, 2019 Shares in recruiter Hays dipped today after it announced lower-than-expected growth in its third quarter trading update. Read more: Profits grow at Robert Walters in a 'solid' first quarter Hays said net fee growth for the quarter was six per cent, below the consensus figure of seven per cent. The firm was hit by a [...]
Travelex-owner Finablr to raise $200m in London listing April 16, 2019 The owner of foreign exchange company Travelex today announced its intention to raise $200m (£153m) in a float on the London Stock Exchange. United Arab Emirates-headquartered payments and foreign exchange business Finablr said it expects to raise $200m with plans for a free float of at least 25 per cent of the company. The company’s brands [...]
Can European banks be saved by mergers and a fresh round of deal making? April 16, 2019 The comparisons with US peers just got a lot harder for European banks after a strong showing from JP Morgan to kick off earnings season. But could there be fresh revenue on the way for European investment banks, even if it is of their own making? There’s a mooted capital raising for Deutsche Bank before [...]
Activist Bramson implores Barclays shareholders for seat on board in new letter April 15, 2019 Activist investor Ed Bramson has once again appealed to Barclays’ shareholders to give him a seat on its board in the run up to the bank’s 2 May annual general meeting. Read more: Barclays launches another attack on Bramson as public tit-for-tat rolls on Bramson’s company, Sherborne Investors, today sent a letter to Barclays shareholders, marking [...]
The City’s towers rise up from ancient streets, and the contrast is sublime April 12, 2019 We can become desensitised to the rich history and incredible architectural tapestry that makes the City what it is. We can shuffle from Tube station to office to restaurant and home again, all without stopping as often as we should to take note of our surroundings and consider our immense good fortune that we work [...]
City Moves for 12 April 2019 – Who’s switching jobs at Ten Lifestyle Group, Cobalt and Atlas Merchant Group? April 12, 2019 Today's City Moves includes Ten Lifestyle Group, Cobalt and Atlas Merchant Group. Ten Lifestyle Group Ten Lifestyle Group, a leading technology-enabled lifestyle and travel platform for the world’s wealthy and mass affluent, has announced the appointment of Alan Donald as chief financial officer (CFO) and as an executive director on the board. He will join [...]
Barclays issues blistering takedown of Ed Bramson as public tit-for-tat continues April 11, 2019 Barclays has delivered another blistering takedown of Ed Bramson as the public tit-for-tat between the two continued ahead a crunch shareholder vote next month. The bank said the activist investor would be a “disruptive and uncollaborative” influence as a director, as it strongly opposed his appointment in a letter to shareholders. It comes after Bramson, [...]
Barclays boss Jes Staley says Bramson board bid ‘doesn’t make sense’ due to £500m ‘short’ position April 10, 2019 Barclays boss Jes Staley has said activist investor Ed Bramson’s board bid “just doesn’t make sense” as he effectively holds a £500m short position against the bank. Speaking on CNBC, Staley delivered another comprehensive rejection of the US-based investor’s efforts to win a seat on the board. Read more: Activist investor Ed Bramson ramps up [...]
City Moves for 10 April 2019 – Who’s switching jobs at Actis, Funding Options and Feast It? April 10, 2019 Today's City Moves includes Actis, Funding Options and Feast It. Actis Actis, a global growth markets investor, has announced the appointment of Susan Wilkins as chief financial officer. Susan will be based in London and report to Torbjorn Caesar, senior partner of Actis. Susan will join the Actis executive committee. Susan was the chief financial officer and [...]
Barclays to restructure 460 UK jobs and cut more than 50 roles April 9, 2019 Barclays is set to carry out a restructuring plan that will slash around 54 roles and impact at least 400 more across the UK. A Barclays spokesperson said while the bank will relocate a number of operations and technology roles, it is not reducing the overall number of jobs overall, except in a few cases of duplication, and will remain [...]