Tech guru warns that London will lose out on IPOs August 20, 2013 LONDON will continue to lose out on initial public offerings (IPOs) in the technology sector unless banks and investors learn more about these businesses, according to the head of a British ecommerce company hoping to list soon. A lack of specialised analysts and committed investors could prevent new firms from staying in the UK, chief [...]
Rich Ricci and Bob Diamond eye up investment in new exchange August 19, 2013 FORMER Barclays executives Rich Ricci and Bob Diamond could be reunited as investors in an upstart stock exchange based in the City, it emerged yesterday. Aquis, which is aiming to launch this October, yesterday confirmed that it had sold a 30 per cent stake to Warsaw Stock Exchange for £5m. But it is the identity of [...]
Edwards agrees to Atlas Copco tie-up August 19, 2013 SWEDISH engineer Atlas Copco confirmed yesterday that it plans to take Edwards Group private just over a year after the Sussex-based vacuum pump specialist floated on the Nasdaq. Edwards has agreed to the all-cash offer, worth up to $1.6bn (£1.02bn) providing the firm hits earnings goals, and major investors Unitas and CCMP have already given [...]
Edwards up for sale just a year after $1bn float August 18, 2013 BRITISH technology firm Edwards, which listed in the US after struggling to float in London, is in talks about a potential sale to Swedish group Atlas Copco, it was reported this weekend. A $1bn (£640m) sale of the company would end a brief spell as a public firm for the Crawley-based vacuum pump manufacturer, [...]
Exclusive: Banks in push to hire more arts graduates August 15, 2013 BRITAIN’S biggest banks are increasingly hiring humanities graduates at the expense of maths and economics students, City A.M. has learned. Demand for quantitative skills exploded in the boom years, but lenders now want a wider range of staff with an aptitude in areas like critical thinking. At Lloyds the proportion with finance degrees [...]
Why you can bank on the humanities to launch a City career August 15, 2013 PHILOSOPHERS have been making a killing in financial services since Thales of Miletus used options to corner the ancient Greek market for olive oil. So it is fantastic news to see several big banks continuing to recognise how much humanities graduates have to contribute in the twenty-first century: nearly half of the intake at Barclays [...]
City Moves for 16 August 2013 | Who’s switching jobs August 15, 2013 PwC The professional services firm has announced the appointment of Patrick Figgis as global health industries leader. Figgis is a chartered accountant and has spent his career at PwC advising global and local organisations. Coutts Mark Esner has joined the bank’s Manchester office as wealth manager. Esner has over 15 years’ experience in the financial services [...]
Corporate Tube sponsorship could take the pressure off overburdened commuters August 15, 2013 THIS week’s inflation figures all but confirm that Londoners will face a rise in Tube and bus fares of over 4 per cent in January. This may look small compared to projected increases of up to 9 per cent on some of the busiest rail routes into London, but it is still regrettable. It doesn’t [...]
BT teams up with Virgin Media in football battle against Sky August 15, 2013 BT and Virgin Media have announced a three year deal that will give Virgin Media TV customers access to BT Sport TV channels (release). The deal will come into effect from this weekend, and will give Virgin Media’s 3.8m XL customers access to BT Sport 1, BT Sport 2 and ESPN. The deal will boost [...]
Tushar Morzaria to take over as Barclays’ finance boss in October August 14, 2013 JP MORGAN’S chief finance officer will take over as Barclays’ finance director in October, four months earlier than planned, as Chris Lucas stepped down yesterday. Tushar Morzaria had been lined up to take the job in the New Year, but Lucas’ deteriorating health accelerated the plans. The new date may mean Barclays is [...]