The London Stock Exchange has ended its six-month search for a new chief executive by appointing Goldman Sachs banker David Schwimmer to replace Xavier Rolet, who was pushed out in November.
Britain’s property surveyors have issued the most downbeat assessment of the housing market for five years.
The world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action.
The world’s largest futures exchange, CME Group, has agreed to buy Michael Spencer’s Nex Group in a £3.9bn deal that will net the former Tory party treasurer £670m.
Life may have just got more exciting for the bosses of Barclays – and not in a good way. Last week the bank revealed that Edward Bramson – a US-based investor who admits that some people would describe him as “pond scum” – had notched up a 5.2% shareholding, making him Barclays’ fourth-biggest investor. The disclosure was required once Bramson passed the 5% mark.
Lloyd’s of London slumped to a £2bn loss last year, its first in six years, as the insurance market was hit by a series of major hurricanes and earthquakes.
The race to succeed Lloyd Blankfein as the chief executive of Goldman Sachs has narrowed to one candidate after the surprise departure of one of the US investment bank’s top executives.