JP Morgan Cazenove stays ahead of rival Bank of America Merrill Lynch in top broker battle August 31, 2015 JP Morgan Cazenove’s capture of Barclays’ coveted broking mandate has helped the investment bank stretch its lead at the top of the latest adviser rankings. The bank, which brokers giants like Vodafone and Standard Chartered, has 34 FTSE 100 clients, seven more than its nearest rival Bank of America Merrill Lynch, according to the [...]
Cannabis firm Tweed Marijuana makes profit for first time August 31, 2015 Canadian marijuana company Tweed Marijuana is riding high after posting its first profitable quarter and agreeing a friendly merger with Bedrocan Cannabis Corporation. The figures The Ontario-based parent company of medicinal marijuana producers announced revenue of $1.7m (£1.1m) in the three months to 30 June – a 39 per cent quarterly increase – which helped [...]
North Sea boost: Maersk gets production on Culzean gas field approved by UK Oil & Gas Authority August 31, 2015 Maersk has got a green light for production on the largest gas field found in the North Sea for a decade. The UK Oil & Gas Authority has given the Danish energy company the go-ahead on the Culzean gas field, which is expected to hold some 250m barrels of oil. Once it reaches peak production, [...]
News UK is “discussing” appointing Rebekah Brooks as chief executive August 29, 2015 Rebekah Brooks could soon return to work at News Corp, this time as chief executive of News UK. Read more: Rupert Murdoch's News Corp sales fall short of expectations The former News of the World editor resigned from the organisation four years ago amid the phone hacking scandal, but was cleared of all charges [...]
HSBC sorts computer glitch and completes all delayed payments August 29, 2015 HSBC announced today that it has sorted out the computer glitch that resulted in 275,000 payments being delayed yesterday. The bank, which suffered a problem with its BACS payment system, left thousands of customers worrying that they would have no money over the Bank Holiday weekend. Those affected included HSBC account holders expecting [...]
Ashley Madison chief exec Noel Biderman steps down after the hack August 28, 2015 The chief executive of extramarital affair site Ashley Madison's parent company stepped down today, after a hack left 37m customers exposed. "This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees. We are steadfast in our commitment to our customer base," according [...]
Ready for lift-off: Silicon Roundabout’s Inmarsat is launching a rocket August 28, 2015 Inmarsat, which is based in London's Silicon Roundabout at Old Street, launched its third satellite into the atmosphere today. The Inmarsat-5 F3 was carried into space by a rocket at 12:44pm UK time. This creates the world’s first globally available, high-speed mobile broadband service, delivered through a single provider. "We launched our first satellite over Europe, the [...]
Where are UK companies founded? London has a startup rate over 14 times higher than Yorkshire August 28, 2015 The UK’s startup scene is booming, with a record-high number of new companies founded last year – and London has the biggest share. Over half a million, 581,000, new startups were started in 2014, according to data from Companies House. With almost 80,000 of these in London, the UK capital has the lion’s share of [...]
Former Tesco chief executive Philip Clarke to be quizzed by Serious Fraud Office August 28, 2015 Former Tesco boss Philip Clarke is set to be grilled by the Serious Fraud Office (SFO) as part of an investigation into the supermarket chain’s multi-million pound accounting black hole. The UK prosecutors have also called in ex-commercial director Kevin Grace for questioning, according to people with knowledge of the matter cited by Bloomberg. Read [...]
888 profits dip as competition with GVC heats up for Bwin.party August 28, 2015 Online gambling giant 888 Holdings, which is currently in hot pursuit of Bwin.party, has promised to put all its cards on the table, as it unveiled a dip in revenues for the first half of 2015. The company said it will publish its prospectus for its recommended offer for Aim-listed Bwin as it attempted to [...]
