US trade ban on Huawei could slow global 5G rollout, warns Barclays June 6, 2019 The US’s decision to blacklist Chinese tech firm Huawei could slow down the global rollout of 5G, Barclays has warned. In a new report analysts said network carriers in Europe could be hit by heavy costs and technical disruption if they are forced to upgrade existing Huawei 4G technology with gear made by a different [...]
Barclays and RBS fined in forex rigging scandal June 6, 2019 Five banks including Barclays and Royal Bank of Scotland have been hit with a SFr 90m (£71.39m) fine for fixing the foreign exchange market. Traders at Barclays, Citigroup, JP Morgan, RBS and UBS took part in a “three way banana split” cartel between 2007 and 2013 to manipulate the forex market, the Swiss competition regulator [...]
City Moves for 5 June – Who’s switching jobs? June 4, 2019 Today’s City Moves includes Barclays, 11:FS and FXD Capital. Barclays Barclays has appointed Karen Johnson as the national head of retail, wholesale and healthcare for its Corporate Banking business. Karen has more than 25 years banking experience, working with a wide range of businesses from owner-managed through to multinationals. She joined Barclays in 2015 to [...]
Airtel Africa to raise $750m in London listing June 4, 2019 Africa’s second-largest mobile operator Airtel Africa said today it intends to raise $750m (£591m) in a float on the London Stock Exchange. The telecoms group said it will pursue a premium listing on the main market of the stock exchange, meaning it will float at least 25 per cent of its shares. The group is [...]
Trump meets FTSE business leaders over breakfast June 4, 2019 Business leaders will sit down for breakfast with US President Donald Trump this morning as part of a bid to strengthen transatlantic relations, as fears over an impending global trade war continue to mount. Representatives from 10 leading companies – five from the UK and five from the US – will break bread at St [...]
Donald Trump’s UK state visit: What the US President’s itinerary looks like June 3, 2019 President Donald Trump and First Lady Melania Trump arrived in London shortly before 9am on Monday, 3 June for Trump's UK state visit. Over the next three days Trump will meet the Queen along with other royals including the Prince of Wales and Prince Harry, before a round of political talks with Prime Minister Theresa May and [...]
Millennials are not as different as you think – work needs to be better for everyone June 3, 2019 Why are businesses treating millennials differently from every other generation? We’ve seen an avalanche of contradictory studies about what young people supposedly want in recent years – as well as countless “helpful” articles on how to “deal with” millennial staff. Employers are worried about how to attract and retain this generation, but they shouldn’t be. The main [...]
FTSE 100 bosses to meet President Donald Trump during UK state visit May 31, 2019 A group of FTSE 100 chiefs will meet US President Donald Trump during his state visit to the UK next week, Sky News has reported, along with the heads of various US companies. Read more: European stock markets bleed red as Trump takes trade war to Mexico The bosses of Barclays, National Grid, BAE Systems, [...]
City Moves for 31st May – Who’s switching jobs at Irwin Mitchell, Paysafe and Barclays? May 31, 2019 Today's City Moves includes Irwin Mitchell, Paysafe and Barclays. Irwin Mitchell Irwin Mitchell has appointed a new chief financial officer. Richard Allen joins the Irwin Mitchell executive board after a spell of almost five years as group financial controller at Drax Group. He replaces Andrew Merrick who has been at Irwin Mitchell for six years [...]
City Moves for 30 May – Who’s switching jobs at HSBC UK, Experian and Lane, Clark and Peacock? May 30, 2019 Today's City Moves includes HSBC UK, Experian and Lane, Clark and Peacock. HSBC UK HSBC UK has appointed Sharon Quinlan to the key role of head of corporate real estate. In her new role, Sharon will be focused on supporting HSBC UK’s real estate customers with their debt finance requirements and expanding the bank’s commercial property [...]