Everyman cinemas on track as punters flock to picture palace January 17, 2019 Cinema chain Everyman Media today reported 2018 trading in line with expectations as it eyes a series of new openings. The boutique cinema group, which currently operates 26 venues across the country, said trading for the 52 weeks to 3 January was on track to hit forecasts. Read more: Chinese cinemas show bumper profits, but growth slows [...]
Hammond tells business chiefs no deal could be ‘taken off the table’ on leaked conference call January 17, 2019 Chancellor Philip Hammond has told business chiefs a no deal Brexit could be “taken off the table” and Article 50 rescinded, according to a leaked conference call transcript. In a conversation with 11 business leaders after Theresa May’s deal was defeated in parliament on Tuesday night, Hammond said the result led to two issues. Firstly, [...]
Business titans tell ministers ‘next six months are critical’ in post-Brexit vote conference call January 16, 2019 Some of the UK’s highest-flying executives reportedly lashed out at the government after its historic defeat on Theresa May’s Brexit deal in parliament yesterday. The bosses of Balfour Beatty, Amazon and Tesco confronted cabinet members who failed to rule out a no-deal Brexit following the government’s massive defeat in a heated conference call immediately after [...]
Euribor traders gamed the financial system for personal gain, court told January 15, 2019 Three former Barclays employees who are on trial for allegedly rigging the Euribor interest rate were part of an “elite” group of traders who gamed the financial system for personal gain, a court has heard. James Waddington QC, representing the Serious Fraud Office (SFO), told Southwark Crown Court that Sisse Bohart, 41, Carlo Palombo, 40, [...]
Italy attracts strong demand for first new bond of the year January 15, 2019 Italy’s first major bond issue of the year has attracted more than €30bn (£26.7bn) of orders as investors showed renewed appetite for long-dated Italian debt. The new 15-year bond, due March 2035, sold through a syndicate of banks is expected to be priced at 18 basis points over its existing benchmark yield, according to Refinitiv. [...]
City moves for 15 January – who’s switching jobs at Leathwaite, Blend Network and Quantexa? January 15, 2019 Who’s on the move? Leathwaite Leathwaite, the global human capital specialist firm, announces that Dena Brumpton is to join its board as a non-executive director. With over 30 years’ experience as a senior financial services professional, most recently as chief executive for Barclays savings, investments and wealth management, Dena Brumpton is regarded as one of the [...]
Carillion one year on: Government outsourcers are still struggling with growing debt piles January 15, 2019 On the anniversary of Carillion’s collapse, government outsourcers are still reporting ballooning debt levels as they try to balance the books. Kier Group, Interserve, Serco, Sodexo and Sopra Steria, who are all on the government’s list of strategic suppliers for 2019, have taken on hundreds of millions of pounds worth of debt in the last [...]
Big brands doing big deals show the UK sports sponsorship industry remains in rude health January 14, 2019 January is typically the time to look forward, to forecast and predict what will happen in the coming year. To understand the state of the UK sponsorship industry, however, it’s more worthwhile to look at what happened in the months leading up to Christmas. Rewind to the week after Black Friday in December and big [...]
City moves for 14 January – who’s switching jobs at Robeco, Greenberg Traurig and Aminex? January 14, 2019 Who’s moving roles today? Robeco Robeco, the pure-play international asset manager, has appointed two senior members to its global fixed income macro team. Jamie Stuttard joined the team as co-head of the global fixed income macro team and fixed income strategist. Regina Borromeo (pictured) joined the team as portfolio manager. Jamie will co-manage Robeco’s global total [...]
London venture capital firm Beringea heads up north with £9m fintech injection January 13, 2019 London-based venture capital firm Beringea has expanded its UK presence with an office based in Manchester, the firm will announce today. It has also led a £9m fundraising round in Mancunian fintech firm Accesspay, which it said was one of the region’s largest fintech rounds to date. Based in the northern city centre's St Peter's [...]