Andrew Bailey takes over with Bank of England battling coronavirus recession March 16, 2020 Andrew Bailey is no stranger to a tough job. But the incoming Bank of England governor, who takes up his new role as Mark Carney steps down tomorrow, could never have anticipated the size of the challenge that awaits him at Threadneedle Street. Bailey’s time at the Financial Conduct Authority began in the wake of [...]
Oil prices reaction: All the fallout as OPEC sends prices spiralling March 9, 2020 Oil prices fell to a four-year low today after Russia and Saudi Arabia began a price war that triggered major stock market sell-offs. The two oil-producing titans were in talks over a further production cut to protect oil prices against the coronavirus outbreak. But Russia blanched at the prospect of slashing another 1.5m barrels per [...]
Investec’s asset management arm Ninety One to push ahead with float despite market turbulence March 2, 2020 Investec’s asset management arm Ninety One said today it would push ahead with a planned float despite a recent sell off in global markets. It said today it had set a price range of 190p to 235p giving it a value of £1.75bn to £2.1bn. The company said it would persist with its initial public [...]
Oil prices drop again as coronavirus cases escalate February 28, 2020 Oil prices fell again today as the spread of the coronavirus cast uncertainty over the world economy. Oil prices saw further falls after an initial rally today after yesterday’s slump. A spike in the number of coronavirus cases dragged prices back down, along with the world’s stocks. Brent Crude plunged almost five per cent to [...]
Demystifying corporate social responsibility: It’s not just about ‘do-gooders’ February 4, 2020 When Nationwide Building Society asked us to maximise the impact of its corporate social responsibility (CSR) function, we were very excited. Nationwide already had a deeply embedded sense of social responsibility. The brand was born out of a social purpose, and since 2007 it has been committed to investing at least one percent of its [...]
Investec fires starting gun on £1.8bn float of asset management business Ninety One January 31, 2020 Investec today fired the starting gun on the float of its asset management business in a listing expected to value the business at between £1.6bn and £1.8bn. Investec announced the new business, Ninety One’s, expected intention to undertake an initial public offering (IPO) today. Ninety One intends to apply for admission of its shares to [...]
Brewin Dolphin chief executive David Nicol to leave wealth manager January 29, 2020 Brewin Dolphin has announced that David Nicol will retire as chief executive of the wealth manager in June. Nicol, who has been with the company for eight years, will be replaced by Robin Beer, who currently runs Brewin Dolphin’s intermediaries, charity, professional services and digital businesses. Chairman Simon Miller thanked Nicol for his “outstanding contribution [...]
FTSE 100 leaps after WHO eases coronavirus fears January 24, 2020 The FTSE 100 stormed ahead today, more than clawing back the losses incurred yesterday as investors’ fears over the spread of the coronavirus mounted. The World Health Organisation yesterday stopped short of declaring the outbreak in China an emergency for the rest of the world. European equities gained in response today, before posting further jumps [...]
City Moves for 17 January – Who’s switching jobs at Charlotte St Partners, Bird & Bird and Hassium? January 17, 2020 Today’s City Moves includes Charlotte St Partners, Bird & Bird and Hassium Charlotte St Partners Strategic communications advisory firm Charlotte Street Partners has appointed Sarah Buchanan-Smith as partner, based in the company’s London office. Sarah will focus on developing Charlotte Street’s financial communications and investor relations offering, with a particular emphasis on supporting new and [...]
Edinburgh Investment Trust sacks Invesco’s Mark Barnett over poor performance December 11, 2019 Edinburgh Investment Trust has fired Invesco stockpicker Mark Barnett as its manager following poor performance, in a further blow to the former Neil Woodford protege. Barnett, who took over the managing of the trust from Woodford in 2014, will be replaced by Majedie Asset Management in the first quarter of 2020. Read more: Woodford protege [...]