Why in-house lawyers face an ethical minefield April 7, 2015 Rising regulation, higher standards of compliance, and the increased threat of litigation are making the role of in-house lawyers more important, but many are being confronted by a ethical minefield, a new report has found. They have to balance the demands of their primary role, such as upholding the rule of law, with being a commercial team [...]
Manufacturing data help FTSE to bounce back after big falls – London Report April 1, 2015 DATA RELEASED yesterday showing that Britain’s manufacturing sector grew at the fastest pace in eight months prompted investors to buy equities on the first trading day of the quarter. The blue-chip FTSE 100 closed 0.5 per cent higher at 6,809.50 points after a 1.7 per cent slide on Tuesday that trimmed its first quarter gains [...]
GoDaddy share price soars on debut as valuation climbs to $5.5bn April 1, 2015 Web hosting company GoDaddy saw its share price rise by 34 per cent on its first day on the New York Stock Exchange, valuing the company at well over $5.5bn (£3.71bn). GoDaddy raised $460m from its IPO, having sold its complete offering of 23m class A shares at a price of $20 per share – [...]
Pinewood studios launches £30m share issue and calls action on its blockbuster £200m expansion March 31, 2015 THE STUDIO home of James Bond, Harry Potter and Star Wars is going to the market to raise £30m through a share issue for an ambitious expansion plan, it said yesterday. Pinewood studios plans to place eight million shares at 375p per share, with N+1 Singer acting as sole adviser and bookrunner. The £30m will be [...]
James Bond studio Pinewood announces £30m fundraising to double its capacity March 31, 2015 It's the studio where James Bond has battled villains, Harry Potter has cast off his muggle side and Superman has proven, once and for all, that he's definitely not a bird or a plane. Now Pinewood Studios in Buckinghamshire has announced plans for a £30m share issue to raise funds to help it build extra [...]
Bank of England stress test: British lenders assessed against global economic crunch March 30, 2015 Britain's biggest banks have to prove they could withstand a global economic crunch, under a stress test unveiled by the Bank of England yesterday. The fictional scenario is based on real fears that a slowdown in China and renewed recession in Europe could hit the UK economy and its banks. The six biggest banks [...]
PPI complaints to banks fall but card anger rises March 30, 2015 PAYMENT protection insurance (PPI) complaints are dropping away, and now account for fewer than half of all complaints to banks, the City watchdog said yesterday. Banks received 2.18m complaints from July to December 2014, a fall of 14 per cent on the same period of 2013. Of those, 1.06m were still PPI complaints – making [...]
Italians grow in confidence March 30, 2015 ITALY’S economy could be about to turn around after a surge in confidence among firms and consumers. A consumer confidence index yesterday climbed to a score of 110.9 in March from 107.7 last month. Meanwhile, an index representing business confidence increased to a score of 103 from 97.5 – above the long-term average of 98.5. [...]
Bank of England to stress test lenders on their reactions to global meltdowns and widespread deflation March 30, 2015 The Bank of England has unveiled a set of scenarios which will form the basis for this year's bank stress tests, warning British banks with global exposure such as HSBC and Standard Chartered will be the hardest hit. Seven of Britain's biggest banks will be test on their ability to withstand a dramatic slowdown in China, [...]
Stress tests to hit global banks March 29, 2015 BRITAIN’S biggest international banks will be put through their paces by the next Bank of England stress tests, which will be unveiled today. Standard Chartered, HSBC and Barclays are expected to be pushed hardest by the 2015 tests, which will check how well they would perform if an economic crunch was to hit emerging markets. [...]