Why this boutique investment bank sees positives no matter which way the EU referendum goes May 2, 2016 It's difficult to find many investment banks feeling cheery about 2016. Global first-quarter revenues dropped to their lowest levels since 2009. Banking giants have reported double-digital percentage profit falls. And thousands of jobs have been lost. But Zeus Capital, a boutique investment bank founded in 2002, offers a success story. Albeit while operating on a [...]
Staff at investment bank Liberum flash the cash on throw-away items, spending hundreds on a bin by their own desks May 2, 2016 Bankers will go to huge lengths to make their lives easier. Whether it's exercise bikes installed in Barclays' offices or private screenings of Spectre on the night of its UK premiere, there's a lot City workers will do to avoid the riff raff and maximise their efficiency. It comes as no surprise, then, that staff at investment bank Liberum splashed [...]
From BHS to Brexit and the banks we love to hate: Here’s what got us talking April 29, 2016 We learned what makes Sadiq Khan and Zac Goldsmith crumble. Halifax was in the dog house over Top Cat. And the pot called the kettle black when Cameron took Farage to task over his “poncey” surname. Here’s what got us talking… The billionaire has faced calls for his knighthood to be taken away (Source: Getty) [...]
At the close: Miners send the FTSE higher as the banking roller coaster rolls on April 28, 2016 The FTSE 100 has somewhat recovered after a dreadful afternoon and has managed to pick up from earlier lows thanks to a rally in oil prices. The FTSE ended the day flat at 6,322.4 points, up just two points from 6,319.91 on Wednesday. Investors were initially caught off-guard by the news that the Bank of Japan would not extend its stimulus plan. [...]
Live: The spring of shareholder discontent – Weir Group sees renumeration policy struck out, with only 27.6 voting in favour April 28, 2016 It's springtime, but executives may have felt a chill in the air as they headed off to their companies' AGMs this morning. Hermes Investment Management has said that it opposes the appointment of former chief executive Michael Dobson to the role of chairman at Schroders, remarking that such a move would undermine corporate governance. Although the measure [...]
Barclays thanks its shareholders for their patience and apologises for any inconvenience this turnaround period may have caused April 28, 2016 Barclays has today thanked its shareholders for being patient as the bank undergoes a turnaround period. In a statement ahead of the bank's AGM, chairman John McFarlane acknowledged that the last few years had been an "extremely difficult time for shareholders", and accepted that decision to slash the dividends for 2016 and 2017 last month would have hardly [...]
City Moves for 28 March 2016 | Who’s switching jobs April 28, 2016 Tibbalds Tibbalds Planning and Urban Design has named Matt Shillito as consultant planner and has appointed Fiona Sibley as senior planner. Matt rejoins Tibbalds after spending 10 years living overseas, where he was a senior planner for Vancouver’s planning and development services. Fiona brings over three years’ experience in the industry. Having worked at other planning [...]
These are the UK’s most-hated banks April 27, 2016 Banker-bashing may have become something of a national sport in recent years – but what about bank-bashing? A new survey has revealed UK banking customers' most-hated lenders. The so-called Big Four make up the top of the list, with Royal Bank of Scotland (RBS) scoring just 49.3 on a reputation scale of 0-100, while Lloyds follows, [...]
Leicester City: Rise of Ranieri’s men has helped Premier League negotiate sponsorships such as new Tag Heuer deal April 27, 2016 Leicester City's against-the-odds title tilt has strengthened the pull of the Premier League brand for potential sponsors, according to the competition's managing director Richard Masters. From next season, the Premier League is swapping a title sponsor – currently Barclays – for up to seven different commercial partnerships. Swiss watchmaker Tag Heuer was announced as one of those today, [...]
AnaCap in talks to buy Barclays’ French arm April 27, 2016 European private equity group AnaCap Financial Partners has entered exclusive talks to buy Barclays' French retail banking and wealth business. The division offers services including current accounts, deposits and mortgages, as well as a variety of products including life insurance and wealth management. The business has a network of 74 branches across France. If a deal is [...]