Asset management group Ashmore to open Ireland office ahead of Brexit September 7, 2018 Asset management firm Ashmore is establishing an Irish subsidiary as part of its Brexit contingency planning. The emerging markets investment manager, which is headquartered in London, will open the office in order to continue serving clients after Britain leaves the European Union. Read more: John Laing Group share price jumps amid profit surge The new [...]
Asda ends price guarantee scheme as it eyes lower prices after Sainsbury’s merger September 6, 2018 Asda has joined the rest of the big four in ending a price guarantee initiative, saying it is "less relevant" to customers. The tool will be available until 3 October this year, and customers will still be able to redeem their vouchers for 28 days from the date they receive them. The grocer's chief customer [...]
Q&A: What will Brexit’s impact be on the Premier League? September 5, 2018 Leading immigration lawyer Owen Jones assesses the possible consequences of Brexit on the Premier League. What's the issue? A key uncertainty around Brexit is to what extent, if any, EU nationals should be given immigration advantages. Read more: New poll says UK would vote against Brexit today It has been rumoured that the government favours [...]
RBS prunes another 54 branches from its network of high street banks September 5, 2018 Royal Bank of Scotland is to close another 54 branches, expecting to make 259 people redundant. The closures, which will take place in January, come after the announced closure of 162 branches, resulting in an expected 792 redundancies. They are a consequence of RBS deciding against spinning off two banks as a challenger bank operating [...]
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 [...]