Where can I use Apple Pay? Tesco Bank and TSB customers can now use contactless mobile payment with iPhones 6, 6 Plus, 6s, 6s Plus and Apple Watch November 17, 2015 The roll out of Apple Pay continues, with UK banks TSB and Tesco Bank now supporting the contactless payment method which can be used with iPhone and Apple Watches. They bring the total number of banks to jump on board with Apple Pay to thirteen after it launched in July with most of the major banks involved. Barclays is [...]
Barclays: It’s a great time to start a business in the UK November 16, 2015 It’s a great time to start a business in the UK, according to research published by Barclays today. Start-up survival rates are at their highest since Barclay’s began their in-depth Entrepreneurs Index in 2012 while the number of active companies in the UK increased to 3,260,879 in June 2015 – a 3.86 per cent climb on [...]
Gibraltar International Literary Festival 2015: Celebs rock Gibraltar as bankers back bookish bash November 16, 2015 Watch out Hay on Wye, there’s a new bookish bonanza on the calendar. City slickers may be well acquainted with Gibraltar; its bookies, its brokerages, its yachts and its tax laws. With the small British outpost seeing 50 per cent GDP growth in the last four years, it’s becoming something of an economic powerhouse, but [...]
Legal & General chairman John Stewart to retire next year November 13, 2015 John Stewart, chairman of financial services company Legal & General, is stepping down after six years at the business. In a statement today, Stewart said he will leave next year, once a replacement has been appointed. "We are now coming to a stage where the post-financial crisis work has been successfully delivered: the company is now [...]
TalkTalk share price plunges twice as deep as Sony, Carphone Warehouse, Barclays and EBay after cyber attacks November 13, 2015 Investors may have begun flocking back to crisis-struck TalkTalk after better-than-expected quarterly results, but the company’s shares have still plunged twice as deep as other hacked companies. Over 150,000 of the embattled telco firm’s customers had their personal data exposed in a hack that was made public on 22 October. In the weeks that followed, [...]
City Moves for 13 November 2015 | Who’s switching jobs November 12, 2015 SAVILLS The property consultancy has appointed Derek Moir as a director in its building and project consultancy team. He has over 27 years’ experience in the property sector, and is returning to Savills after seven years in China, where he was head of Turner & Townsend’s Beijing office. DELOITTE Jason Warnes has been appointed partner [...]
Bearish Barclays economists foresee more trouble in China in their quarterly Global Outlook report November 12, 2015 "Curb your enthusiasm" was the message from Barclays economists, who doubted how long China's recovery could be sustained, and warned of "significant" disruption risks in their quarterly Global Outlook report. Christian Keller, head of economics research at Barclays, questioned how long China's rebound would last, saying he expected "further weakening activity" as underlying problems in the real estate [...]
Challenger bank Aldermore looking as safe as houses in third quarter results, as residential mortgages push up lending, but share price drops November 12, 2015 Aldermore has today reported loan growth of about £1bn over the last nine months, bringing total net loans to customers to £5.8bn, an increase of 20 per cent from the end of December. In its third-quarter results for 2015, the challenger bank, which was set up by former Barclays executive Phillip Monks, said it was on [...]
British Airways owner IAG has launched a €1bn convertible bond for Aer Lingus acquisition November 12, 2015 British Airways owner International Consolidated Airlines Group (IAG) has launched a €1bn (£706m) convertible bond to help fund its acquisition of Aer Lingus. The unsecured bond is split into two: a €500m offering redeemable in 2020, and €500m in 2022, and can be converted into ordinary shares priced at a premium. The five-year bond will yield [...]
Megabrew is here: Now that SABMiller and AB InBev have reached a deal the real hangover begins November 11, 2015 Anheuser-Busch InBev’s £71bn takeover of SABMiller, the biggest ever British corporate merger, is poised to leave a bitter taste in the mouth with thousands of job cuts, a de-listing from the London Stock Exchange and the shuttering of SAB’s Mayfair offices all in the pipeline. AB InBev said the deal, confirmed yesterday, will result in $1.4bn (£920m) in efficiency [...]