London Metal Exchange hires veteran Credit Suisse executive in modernisation push September 16, 2024 The London Metal Exchange has added veteran banker Robert Arbuthnott to its executive team as the marketplace looks to modernise and rebuild its reputation after a high-profile legal battle.
Close Brothers boss to take temporary medical leave of absence September 16, 2024 The bank said it would provide a further update "in due course". Its full year results will be announced on Thursday as planned.
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
UK at risk of losing out on Unilever ice-cream float September 15, 2024 The UK is at risk of losing out on a key deal for London because it hasn’t appointed an investment minister, according to a former Barclays chairman. Gerry Grimstone, who also worked as investment minister at the Treasury from 2020-2022, said that Labour’s lack of focus on boosting the UK’s stock market may see Unilever’s [...]
Media mogul Conrad Black reportedly set to back US bid for The Telegraph September 12, 2024 Lord Conrad Black, the media tycoon who owned The Daily Telegraph for nearly two decades, may be set to return to the British broadsheet. Black has been floated as a potential backer of a bid for The Telegraph, led by Dovid Efune, owner of The New York Sun, according to Sky News. One insider suggested [...]
FTSE 100 boosted by US inflation print and watering down of banking rules September 12, 2024 London markets received a boost on Thursday morning following a strong performance from US stocks and the Bank of England watering down proposals for new bank capital rules.
Canary Wharf Group’s credit rating cut further into ‘junk’ amid office exodus September 11, 2024 Canary Wharf Group's credit rating was cut deeper into "junk" status by Fitch as the east London financial district struggles to attract workers to its offices and battles an exodus of star tenants.
Burberry: How low will ‘lost’ luxury fashion label’s shares go after FTSE 100 relegation? September 11, 2024 Burberry’s share price just keeps dropping and the decline is has shown almost no signs of slowing down for more than a year. It hit a 15-year low of 565p this week, after reaching a 14-year low in July, after hitting an all-time high of £2,690p last April. It is set to drop out of [...]
Barclays calls on UK to ‘break down barriers’ keeping £430bn from capital markets September 11, 2024 Barclays has warned that UK capital markets are missing out on £430bn in cash deposits as it called on authorities to create a "more balanced environment" for banks to support potential investors.
Redbird IMI sells The Spectator to Sir Paul Marshall for £100m September 10, 2024 Redbird IMI has sold The Spectator magazine, part of the Telegraph Media Group, to hedge fund magnate Sir Paul Marshall’s Old Queen Street (OQS) Media for £100m. OQS Media owns and operates the online magazine UnHerd, the Old Queen Street Café, the UnHerd Club and CoEditor Limited, a publishing technology startup. Sir Paul Marshall, also [...]