Speculation about a wave of takeovers in the supermarket sector has helped fuel a near 5% rise in the shares of Morrisons.
The eurozone’s private sector is growing at its fastest rate in four years, with business confidence boosted by the easing of the Greek debt crisis despite growing fears over global growth.
One of the City’s most influential shareholder groups has issued a warning about planned changes to a multimillion-pound bonus scheme at Sports Direct, the retail chain run by Mike Ashley, the owner of Newcastle United football club.
HSBC has demonstrated its commitment to its high street banking operations in the UK by rejecting the idea of reviving the Midland name that hung over its 1,000-strong branch network 20 years ago.
It has come to our attention that some members of staff are making politically incorrect comments to fellow employees, and even business contacts.
Dennis Lafferty, one of Goldman Sachs’s top distressed-debt traders, is in talks to join HSBC to run a new loans and special situations unit in New York, according to two people with knowledge of the matter.
Zar Amrolia, who helped build up Deutsche Bank’s fixed-income and currencies business, is leaving the bank after ten years to help run a British electronic market-making business.
Mining analyst Justin Froneman said he left Credit Suisse’s equity research unit in South Africa just over a year after joining the financial-services group.
The Securities and Exchange Commission has announced that an investment advisory firm in Philadelphia has agreed to pay more than $21m to settle charges that it fraudulently retained fees belonging to collateralized debt obligation (CDO) clients.
UBS has hired Laurent Dhome from JPMorgan as managing director at the bank’s financial sponsors team in Europe, the Middle East and Africa.
BMO Financial Group have announced it has entered into a definitive agreement to acquire the business of Greene Holcomb Fisher (“GHF”), a premier boutique M&A advisory firm based in Minneapolis, with additional offices in Seattle and Atlanta. The transaction requires regulatory approval and is expected to close in BMO’s fiscal fourth quarter, which ends on October 31. The terms of the deal are not being disclosed.
Royal Bank of Scotland is being sued for £145m ($208.5m) over its role in a huge carbon trading VAT fraud.