Swiss law firm launches London office in bet on post-Brexit disputes spike September 4, 2018 Swiss dispute resolution law firm Lalive said today it is launching its first office in the City as it makes a bet on London becoming a more attractive arbitration centre post-Brexit. Marc Veit, a partner who is moving from the firm’s Zurich office to its new London base, said the City could be poised for [...]
Sky eyes Israel and Europe as it expands startup footprint September 2, 2018 Broadcaster Sky has announced plans to ramp up its startup investment and commercial partnership activity through a series of investments. The company will open a new office in Berlin to focus on companies in Germany and Scandinavia, and invest $4m (£3.1m) into Remagine Ventures, an Israeli venture capital fund based in Tel Aviv. Sky’s group [...]
City Moves for 31 August 2018 – who’s switching jobs at Reward Gateway, Vannin Capital, Helical and EY? August 31, 2018 Today's City Moves cover HR, legal finance, property and financial services. Take a look at these movers and shakers: Reward Gateway Elli Morii, a leading global finance executive has joined HR technology and employee engagement specialist, Reward Gateway, as its new chief financial officer. Elli, who is based in London, joins Reward Gateway to lead [...]
Tech titans bed down in London: Why Brexit won’t be bringing about a ‘techxodus’ any time soon August 24, 2018 Brexit has generated investment uncertainty for many companies, but not – it would seem – for the US tech giants opening the throttle and splashing out on multi-million long-term property deals in London and creating thousands of jobs. Facebook, Google, Snap and Apple have firmly quashed the notion that the UK’s exit from the EU [...]
BHP puts shale behind it as dividend hits record high despite profits missing expectations August 21, 2018 The finance boss of Anglo-Australian mining giant BHP today admitted its US shale assets had been a “terrible investment” for the company as it posted a record final dividend despite missing profit expectations. In July BHP, which also has projects in commodities such as offshore oil, copper and iron ore, announced it would sell its [...]
60 per cent of asset management firms ‘preparing for hard Brexit’ August 21, 2018 Almost 60 per cent of investment management firms are preparing for a hard Brexit "rather than wait for potential political solutions," new figures reveal. A total of 83 per cent of firms have a theoretical plan to respond to the UK exiting the European Union but only 43 per cent have put plans in action [...]
Turkey’s crisis shows the danger of mixing politics with economics August 17, 2018 There is a longstanding debate about the proper relationship between politics and economics. While many economists maintain that their discipline is a “neutral science” that deals in facts rather than values, politicians have long sought to use economics for their own ends. The financial crisis in Turkey is a perfect example of what happens when [...]
Mayor of London: Capital must prepare for no-deal Brexit August 17, 2018 Mayor of London Sadiq Khan has tasked the body responsible for preventing a repeat of the Grenfell Tower fire with examining London’s preparations for a no-deal Brexit scenario. The London Resilience Forum will seek to establish what access the capital has to food, medicine, energy and emergency services in the event of the UK leaving [...]
City A.M.’s Crypto Insider speaks to Andrew Rabbit, CEO of incuto.com August 14, 2018 I recently met up with Andrew Rabbitt, CEO of incuto.com, a banking technology platform for a new global network of community-focused, ethical challenger banks. Whilst mainstream banks suffer an expensive, legacy debt of technology, a large number of hard-pressed individuals are unbanked. “We saw an opportunity to combine a love of technology with addressing a [...]
Investec fills entire City building in post-Brexit commitment August 13, 2018 Specialist banking giant Investec Asset Management has agreed to occupy the whole of 55 Gresham Street in a move that signals yet another firm commitment to the City of London post-Brexit. More than 121,000 square feet of offices spanning 11 floors will be let out in the grade A building located in the heart of [...]