Lloyds Banking Group takes the top spot on Stonewall’s top 100 LGBT employers as banking and legal dominate the list January 19, 2017 Lloyds Banking Group has taken the top spot of Stonewall's top 100 LGBT employers list. Banking and legal dominated the list of the charity's most inclusive employers. Lloyds, which came second to MI5 last year, launched a new colleague volunteering programme and formed official partnership with lesbian, gay, bi and trans (LGBT) charities. Law firm [...]
Top bankers from Goldman Sachs and JP Morgan touch down in Davos for Brexit showdown with Prime Minister Theresa May January 19, 2017 Prime Minister Theresa May has jetted out to Davos for crunch talks with top bankers following a landmark speech this week in which she set out her vision for Brexit. May will meet chief executives from banks such as Goldman Sachs and JP Morgan a day after two other bosses – HSBC’s Stuart Gulliver and UBS [...]
Hochschild Mining surpasses expectations to produce record results January 18, 2017 Hochschild Mining hit record production, beating targets in its 2016 year-end production report. The figures The British-based mining company said it produced 17.3m ounces of silver and 246,100 ounces of gold. It produced 35.5m silver equivalent ounces, up 31 per cent on 2015, and 479,600 gold equivalent ounces, up from 365,400 ounces. Its flagship low-cost Inmaculada mine had a strong first [...]
This fintech startup is crowdfunding fresh investment January 16, 2017 A fintech startup whose app helps people better manage their money is seeking fresh funding via crowdfunding. Squirrel is seeking to raise £400,000 on equity crowdfunding platform SyndicateRoom, with £100,000 of that already promised by angel investor Jos Evans. The two-year-old startup offers users a bank account and budgeting features and already has more than [...]
City Moves for 16 January 2017 | Who’s switching jobs January 16, 2017 Mitsubishi UFJ Financial Group Mitsubishi UFJ Financial Group has appointed Nauman Ansari as an executive director of the bank’s healthcare finance business in EMEA. Nauman, who joins from Morgan Stanley, brings a wealth of healthcare and leveraged and acquisition finance experience to MUFG. He played a significant role in a number of transformative transactions for Shire on [...]
Davos gathering looks to address Trump and Brexit January 15, 2017 Prime minister Theresa May, Chinese president Xi Jinping, US vice president Joe Biden and US secretary of state John Kerry will be among the 3,000 businessmen, politicians and celebrities at the annual World Economic Forum this week. This year, the organisers of the four day event in Switzerland have chosen “responsive and responsible leadership” as the theme [...]
Burberry leads another week of key retail updates January 15, 2017 British fashion house Burberry is widely expected to report an uplift in sales this week after the fall in the value of the pound made its products more attractive to foreign buyers. Burberry posts its third quarter trading update on Wednesday, and Barclays analysts have predicted the company will announce a like-for-like sales increase of two per [...]
Davos 2017: Who’s at the World Economic Forum and who’s not? Theresa May and Philip Hammond head to Switzerland along with bank bosses and, um, Jamie Oliver January 15, 2017 The great and the good of the global elite will head to the slopes Switzerland this week for the annual World Economic Forum in Davos. From bank bosses to economists, tech stars to politicians – and even a sprinkling of celebrity glitz – the agenda for the 47th meeting may be centred around the concept of [...]
James DeGale v Badou Jack purse: How much money will boxers earn from supper-middleweight showdown? January 14, 2017 British boxer James DeGale will come out quids in from his super-middleweight showdown with Swede Badou Jack, whatever the outcome. The two world title holders are going head to head at the Barclays Centre in Brooklyn tonight for the chance to take the 168 pound division throne. IBF super-middleweight champion DeGale has reportedly secured the larger purse of [...]
Why banks could actually prove a less stressful part of your portfolio January 13, 2017 Market consensus tells us the banking sector remains a risky place for investors to put their money. After all, the prevailing wisdom runs, banks are cyclical, poorly capitalised and in lousy shape for the next downturn, as and when it comes. Of course, as contrarian investors, we believe market consensus and prevailing wisdom primarily [...]