City Moves for 3 February: Who is switching jobs in the Square Mile this week? February 3, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. New head of UK business for BNP Paribas REIM French firm BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has appointed a new UK business head to manage its multi-billion-pound real estate [...]
Looking to the “sunny uplands of recovery” February 3, 2021 David Smith, Fund Manager for Henderson High Income Trust, discusses the latest portfolio activity, the Trust’s recent performance and highlights the companies driving this performance. David also explains why he believes that by gaining the much-anticipated clarification on Brexit and COVID-19 vaccines, the UK equity market should look towards a positive recovery in 2021. Glossary [...]
Asset managers call for urgent action on Libor transition February 3, 2021 Investment managers are calling on FTSE 350 companies to “step up” their efforts to transition away from Libor-linked bonds worth £108bn. “With the deadline now fast-approaching, there remains a significant number of outstanding Libor-linked bonds which have not yet transitioned to a new rate,” The Investment Association (IA) said in a letter to companies issuing [...]
With Ether smashing through $1,500, MicroStrategy’s online ‘Bitcoin for Corporations’ event might send BTC stratospheric February 3, 2021 Crypto at a Glance There have been so many all-time highs set recently that it’s getting hard to keep up, but seeing Ethereum at over $1,500 will be particularly satisfying for many in the space. Is it now set to follow Bitcoin’s December trajectory and take off into the stratosphere? It’s good news everywhere today, [...]
Swiss stocks given all clear to resume trading in London February 3, 2021 Shares in Swiss companies will once again be traded on UK exchanges after Switzerland’s financial regulator gave the move the all-clear this morning. Since June 2019, a spat between the EU and Switzerland has meant that the bloc’s exchanges have been banned from Swiss shares. But with the UK no longer a member of the [...]
Ryanair ‘jab & go’ ads deemed ‘misleading’ by watchdog February 3, 2021 The advertising watchdog has banned Ryanair from airing its controversial “jab & go” advert, in ruling published today. The Advertising Standards Agency (ASA) said it had received 2,370 complaints over the advert – the third most for any single ad. ASA said that the campaign, which encouraged people to book flights with Ryanair after getting [...]
Jeff Bezos to step down as Amazon chief executive as quarterly sales hit $125bn February 3, 2021 Jeff Bezos will step down as chief executive of Amazon this year, moving to the new role of executive chair. Amazon today said Bezos will transition to the new job in the third quarter and will be replaced as chief executive by Andy Jassy, who currently leads Amazon Web Services. It came as the ecommerce [...]
Climate co-operation could be welcome boost to the special relationship February 3, 2021 A new US President always brings a renewed sense of hope and optimism, not only to the 50 states themselves but across the globe. Another norm in the early days of any new administration is a jostling for position from foreign allies and diplomats, not only to secure the trophies of early phone calls and [...]
UK fishermen to be hit with permanent ban on selling shellfish to EU February 2, 2021 The UK’s fishermen have been warned they face a permanent ban of selling some types of shellfish to the EU as they no longer conform to the bloc’s safety standards. The post-Brexit ban is set to include oysters, mussels, scallops, cockles and clams. It comes after thousands of tonnes of British shellfish has been unable [...]
Bada bing, ADA Boom! February 2, 2021 Crypto at a Glance It’s always nice to wake up to a sea of green, and with a couple of notable exceptions it’s been a strong 24 hours across the board. Bitcoin is holding strong over $34,000, although it’s still yet to convincingly break out of that range between $30,000 and $35,000. It looks to [...]