One Savings Bank and Charter Court announce terms of £1.6bn merger March 14, 2019 Challenger banks One Savings Bank and Charter Court have confirmed the terms of a £1.6bn merger. Following the completion of the deal One Savings Bank shareholders will own around 55 per cent of the combined company, the firm announced as it posted its full-year results for 2018. Read more: One Savings Bank and Charter Court [...]
Savills profits slide as it warns of tough year ahead amid Brexit uncertainty March 14, 2019 Property firm Savills has posted a three per cent slip in profit before tax in 2018 as it warned of a decline in transaction volumes over the year ahead. Read more: Savills to hit 2018 targets but warns of uncertainty in the year ahead The figures Group revenue rose 10 per cent to £1.76bn. Profit before [...]
Money laundering is a dirty business that we need to clean up together March 14, 2019 Flag it up, clean it up, flush it out, whatever the call to action, anti-money laundering (AML) legislation is worthy of laser focus. It also requires hyper-vigilance from the accountancy profession. Last week, parliament’s Treasury select committee warned that the UK’s current efforts to counter money laundering are “fragmented”, and that its supervision requires greater [...]
City Moves for 14 March 2019 – Who’s switching jobs at Marex Spectron, Digital Catapult and Clifford Chance? March 14, 2019 Today's City Moves include Marex Spectron, Digital Catapult and Clifford Chance. Marex Spectron Marex Spectron has announced the appointment of Carla Stent as non-executive chair of the group board. Carla, who has sat on the board for the past four years and was until recently chair of the audit and compliance committee, takes over from Simon [...]
ECSC revenues jump as it grows client base amid cyber security concerns March 13, 2019 Cyber security firm ECSC has posted a huge increase in revenues as it cashes in on new regulation and growing concerns about cyber attacks. Read more: Avast secures strong results as chief executive steps down The figures Revenue surged 35 per cent to £5.4m. Gross profit increased 67 per cent to £2.7m. Adjusted earnings before interest, [...]
Avast shares drop as CEO prepares to step down despite cyber fears pushing profits up March 13, 2019 Cyber security firm Avast saw its shares fall more than five per cent this morning after it announced chief executive Vince Steckler will step down later this year. Read more: Avast sets sail on substantial maiden results The figures Avast’s revenue rose 24 per cent from $652.9m (£498m) to $808.3m. Operating profit doubled from $124.3m [...]
Lalor and Kayley ready for their date with destiny March 12, 2019 EVERY year Cheltenham throws up incredible stories, but if Lalor was to win tomorrow’s Racing Post Arkle the heart strings won’t be pulled harder all week. His trainer Kayley Woollacott has endured the most difficult 14 months anyone could ever imagine. In January 2018, her husband Richard took his own life after a long battle [...]
No more ties in the office? Suit yourself in a world beyond workplace dress codes March 12, 2019 “A man cannot dress, but his ideas get clothed at the same time,” wrote Lawrence Stern in Tristram Shandy in 1759. More recently, Caitlin Moran pointed out that when a woman says she has nothing to wear, what she means is “there’s nothing here for who I’m supposed to be today”. Clothes are text. From [...]
Barclays, Lloyds and Natwest launch business hubs as branch closures hit small firms March 11, 2019 Three of the UK’s largest banks have unveiled plans for joint business hubs amid fears small firms are being hit by branch closures. Natwest, Lloyds Bank and Barclays have announced the pilot, which will see six business banking hubs launched across the country. Read more: Digital bank Monzo in discussion with Post Office over cash [...]
This investment clock says what assets to buy and when March 11, 2019 By Tom Bailey from interactive investor. It’s inevitable that the unremitting global economic cycle will impact stock markets, but when? The economist Paul Samuelson once joked that the stock market has predicted nine of the past seven recessions. But while the over-reactive nature of equity market investors and their poor predictive powers ring true, there [...]