IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
Investment banking fees plunged in 2016, but analysts predict 2017 pick-up January 4, 2017 Global investment banking fees fell seven per cent last year, with the UK’s plunging even further, thanks to a decline in flotations, equity raisings and mergers and acquisitions (M&A) activity. However, the decline was less marked in the second half of 2016, and analysts are predicting a recovery this year. Thomson Reuters found global investment banking [...]
Mastercard’s £700m Vocalink deal raises competition concerns with watchdog January 4, 2017 Mastercard's £700m deal for Vocalink has raised concerns over competition in the payments infrastructure business with the market watchdog. Owned by a collective of 18 banks, including Barclays, Santander, Lloyds, Royal Bank of Scotland and HSBC, Vocalink provides the infrastructure for many payments in Britain such as Bacs and the Faster Payments Service as well as the Link ATM network. Concerns have [...]
This Wall Street lawyer has become Donald Trump’s top pick for the SEC January 4, 2017 Wall Street lawyer Jay Clayton has emerged as the front-runner to become president-elect Donald Trump's pick to lead the U.S. Securities and Exchange Commission, reports say. Clayton, who is known for working on top IPOs such as the Alibaba Group's, met Trump on 22 December, according to Reuters. Read more: Four of Donald Trump's New [...]
City Moves for 4 January 2017 | Who’s switching jobs January 4, 2017 Tp bennett Tp bennett has appointed Stephen Masterson as director for business development and marketing. Stephen will support the practice in consolidating its position across the sectors and in exploring new opportunities in the UK and internationally. Stephen joins from Perkins+Will, where he led the London office’s marketing and business development for over eight years. [...]
Resolutions for your money: Experts give their personal finance tips for 2017 January 4, 2017 After the gift giving, sales shopping and other excesses of the festive season, many of us aspire to start the New Year with tighter belts. According to research by Masthaven, 78 per cent of Brits intend to save over the next 12 months, with 34 per cent of them planning to squirrel away more than they [...]
The FTSE 100 has reached another record high January 3, 2017 The FTSE 100 smashed a new record as investors returned to their desks after the New Year break. London’s blue chip index briefly broke through the 7,200 points mark before paring to just below 7,180 points at the close – yet another record-breaking measure. It recorded a rise of over 60 points on Tuesday to peak at [...]
UK manufacturer confidence reaches highest point for two and a half years January 3, 2017 UK manufacturers saw confidence levels reach a 30-month high as output and new orders strengthened, according to a closely watched indicator. The manufacturing purchasing managers’ index (PMI) rose to 56.1 in December, up from 53.6 in November, as the sector ended the year on a high note according to data compiled by IHS Markit. The [...]
The 10 companies where directors earn the highest salaries January 3, 2017 Thinking of climbing the career ladder in 2017? C'mon, who isn't, let's be honest. It's a new year bringing new opportunity, after all. But if you're looking to make the leap to director level, or are eyeing a change of scenery at that level already, some moves are worth making more than others – when [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]