Mifid II launched one year ago and financial brokers are embracing the opportunity January 10, 2019 A year ago, the Markets in Financial Instruments Directive II, commonly referred to as Mifid II, came into force. Arguably the most ambitious and wide-sweeping regulatory reform of the financial services industry in the last decade, it was touted as the death knell of sell-side equity research. Mifid II’s aim was to enhance transparency and [...]
City Moves for 3 January – who’s switching jobs at Evox, DAZN and Square Mile? January 2, 2019 Who’s starting the New Year in a new role? Evox Evox Therapeutics , a leading exosome therapeutics company, is pleased to announce the appointment of Dr Edwin Moses as non-executive chairman. Edwin will bring a wealth of experience to Evox, as the Company continues to grow its pipeline of pioneering exosome-based therapeutics. Edwin is a [...]
Euro at 20: Time for ‘close and candid introspection’ rather than celebration January 1, 2019 The 20th anniversary of the euro should not be cause for celebration but for “close and candid” introspection. European Central Bank president Mario Draghi admitted he was a biased observer when proclaiming the euro had been a success ahead of its 20th birthday yesterday. But he stopped short of celebrating and said the anniversary was [...]
Vita Mojo shakes things up with a £10m series A fundraise, backed by Investec November 28, 2018 Healthy food-focused restaurant chain Vita Mojo has raised £10m in a series A fundraising round led by Investec Bank, as it heads for expansion. The firm said it is now "coming out of stealth mode" to help other businesses with its technology, having already signed up a few major customers such as Virgin Active, Chilango and Wokit. [...]
Investec profits rise as banking giant prepares to list asset management arm in London November 15, 2018 Banking giant Investec reported a 14 per cent profit rise in the first half of the year as it prepared for the demerger of its asset management division. The Anglo-South African banking giant reported operating profit increased 14.2 per cent to £359m led by strong profits in its banking division. Investec said specialist banking profits [...]
For a rainy day: Monzo customers can now earn interest on their savings November 1, 2018 Fintech challenger bank Monzo is launching its first interest-earning savings pot. Customers will be able to create so-called savings pots within their Monzo account that will earn interest at one per cent per year, paid monthly, on savings of £1,000 and above. Customers can open up to 10 savings pots and can take money out [...]
M’s man Martin squashes the beef at Gaucho October 23, 2018 The boss of Gaucho has declared the days of London suits going out and “eating a kilo of steak” are over, as the restaurant chain prepares to rebound out of administration with a fresh, millennial-friendly look. Martin Williams, founder and chief executive of M Restaurants, is back in the saddle at Gaucho after leaving in [...]
FTSE asset management fund LBOW takes £25m loan from challenger bank Oaknorth October 17, 2018 UK challenger bank Oaknorth has completed a £25m loan to ICG-Longbow (LBOW), the London listed commercial real estate lender. Oaknorth has said today that it agreed a ‘loan-on-loan’ deal with LBOW, in which the challenger firm will lend the asset manager money which can then be further loaned out to property investors. The deal is [...]
Diageo, WPP and Standard Chartered top league table of leading UK brands for gender equality October 4, 2018 Drinks maker Diageo, WPP and Standard Chartered have been named as the top performing UK companies for gender equality. However, the study admitted that despite progress being made, there was still a "long way to go" before equality was achieved in companies worldwide. General Motors in the US was the top performing brand worldwide. Worldwide, [...]
Horse Racing Betting Tips: There’s Moore to come from Stoute’s pair September 20, 2018 TRAINER Sir Michael Stoute and jockey Ryan Moore can rekindle the magic of their former association by landing a quickfire double at Newbury tomorrow. The pair team up with the lightly raced ADAMANT in the opening Dubai Duty Free Handicap (1.45pm), who bounced back to form at Chelmsford last month after disappointing at Newmarket on [...]