Ex-JP Morgan and Schroders manager launches boutique advisory May 6, 2025 A former fund manager at JP Morgan and Schroders has launched a boutique advisory firm. William Meadon, who managed the JP Morgan Claverhouse investment trust from 2012 to 2024, has launched a new firm called Steppingstone. Meadon said that the firm was launching in a bid to challenge the approach of larger firms, targeting clients [...]
Papa Johns to serve up profit after closing over 40 sites May 6, 2025 The UK boss of pizza giant Papa Johns has revealed the company is eyeing a return to profit in 2025 after closing more than 40 restaurants last year. Managing director Chris Phylactou confirmed the business is “no longer losing money” and is on track to report its first UK profit since 2021. Speaking on an [...]
Construction firm insolvencies jump to fresh high amid rising costs May 5, 2025 Construction business insolvencies have increased to their highest-ever level, a City AM analysis has found, as a barrage of rising costs continues to squeeze many in the sector to the point of collapse. As many as 840 construction firms appointed liquidators or administrators in the first four months of the year, the analysis of corporate [...]
FTSE 100 lenders cash in on market turmoil but provisions climb May 5, 2025 FTSE 100 banking giants saw trading income spike in the first quarter as investors sold-off stocks in the face of geopolitical tensions, but tariff threats continued to weigh on future earnings. HSBC kicked off reporting season pocketing a $9.5bn (£7.1bn) pre-tax profit, which surged ahead of the $7.8bn pencilled in by analysts. Barclays and Natwest [...]
Are we witnessing the slow death of advertising holding companies? May 5, 2025 The feted founder of AKQA, Ajaz Ahmed, has launched a new agency that promises to take on the “slow, bureaucratic” ad groups that since the pandemic have have been labouring under stagnant revenues and falling share prices. Ali Lyon asks: “Are those holding companies on borrowed time?” Ajaz Ahmed is not a man to shy [...]
Embracing neurodiversity will get the best out of the City’s workforce May 5, 2025 It's not just the right thing to do, embracing neurodiversity is the key to unlocking our workforce's full potential, writes Alastair King.
Amazon beats on profits, but tariff uncertainty weighs on stock May 2, 2025 Amazon topped Wall Street expectations in the first quarter of 2025, posting a 62 per cent jump in profit year on year. But a softer than expected cloud result and a cautious outlook for the coming quarter were enough to send shares lower in after-hours trading. This reflects the sensitivity of big tech valuations in [...]
Gibson Dunn nabs senior lawyer from its US competitor May 1, 2025 US law firm Gibson Dunn hired a senior lawyer from competitor firm Milbank to co-chair its transportation and space practice group
London Stock Exchange suffers shareholder revolt over CEO’s bumper pay day May 1, 2025 The London Stock Exchange Group has suffered a huge shareholder revolt against its chief executive’s bumper pay packet. More than 30 per cent of votes were cast against the group’s remuneration report which saw CEO David Schwimmer take home £7.8m for the group’s latest financial year, up from the £5.3m he was paid for 2023. [...]
HSBC on hunt for new chair as Mark Tucker to retire by year-end May 1, 2025 HSBC chair Mark Tucker will retire by the end of 2025 after an eight-year stint at the lender, the bank has said. Europe’s biggest lender said Tucker would continue as a strategic adviser to Georges Elhedery, the lender’s chief executive, in his retirement. The Board’s Nomination and Corporate Governance Committee said it is already on [...]