C&E Industry News Filter
- Finance
Ashurst elects London corporate partner Karen Davies as first female chair
Partners at law firm Ashurst have elected London corporate heavyweight Karen Davies as their first female chair. Davies, the firm’s UK…
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Reuters postpones plans for website paywall after spat with LSE
Reuters has postponed plans to introduce a new paywall on its website, after complaints from the London Stock Exchange Group that the move…
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Robinhood customer protection case can go ahead, Judge rules
A Massachusetts judge gave state securities regulators a green light to proceed with their case against Robinhood Financial, ruling that…
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Bitcoin is ‘impossible to shut down’, says Ark’s Cathie Wood
It is “impossible [for regulators] to shut [bitcoin] down” and regulators will become “a little more friendly over time” towards…
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Brace for more shareholder fights after ‘major shift in power’ against oil giants
Shareholder battles that have rocked two of the world’s biggest oil companies are expected to spill over to other sectors,…
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Climate Ruling Could Force Big Change at Shell
To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell RDS.A -0.82% PLC may have to…
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Blink Charging Taps Cash Pile in Electric Car Bet
Blink Charging Co. is using cash acquired in a recent stock offering to expand its network of charging stations ahead…
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Celebrity fintech Lanistar breaches advertising rules as ‘misleading’ security claims continue
Promotions by fintech startup Lanistar claiming its payments cards were “the world’s most secure” were misleading and must not be made again,…
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London’s IPO race is heating up — Here’s which investment firm could float next
Anyone who thought that the pandemic would dull investors’ appetite for going public should think again. Listing this year so far:…
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Q&A: Inside the latest cannabis company listing
The week after the firm became one of the first weed companies to list in London, Neil Mahapatra, founder and…
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Tougher audit standards fall short on fraud, shareholder group says
Tougher new standards for auditors to detect fraud are a “mixed bag”, shareholder advisory group Pirc has said. The Financial…
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FRC not ‘strong enough’ to prevent corporate failure, CEO says
The Financial Reporting Council was not “strong enough” to tackle business and audit scandals that have provoked soul-searching in the…
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HSBC plans exit from US retail market
HSBC will stop serving mass-market individual customers and smaller businesses in the US, exiting the bulk of a retail business…
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Police sound warning over social media sites driving scam investments
Investors have lost £63m to scammers flogging fraudulent investments on social media apps during the pandemic, The City of London…
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US banking chiefs grilled over pay gap between execs and employees
WASHINGTON — The chief executives of the six largest US banks drew fire from both Republicans and Democrats at a…
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Activist Wins Exxon Board Seats After Questioning Oil Giant’s Climate Strategy
An activist investor’s successful campaign to win seats on the board of Exxon Mobil Corp. XOM 1.17% represents a historic…
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Bayer to Rethink Roundup Formula for U.S. Consumers
Bayer AG said it will evaluate whether to continue using the active ingredient in its popular Roundup weedkiller in the…
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Ford Expects 40% of Global Vehicle Volume to Be Fully Electric By 2030
Ford Motor Co. F 8.51% shares rose to their highest level in nearly five years, after the auto maker outlined…
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Oil Giants Are Dealt Major Defeats on Climate-Change as Pressures Intensify
Exxon XOM 1.17% Mobil Corp. and Royal Dutch Shell RDS.A 0.38% PLC suffered significant defeats Wednesday as environmental groups and…
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Archegos wipes off $6bn from top banks’ stock trading units in first quarter
The implosion of family office Archegos Capital wiped off more than $6bn from the world’s largest investment banks’ equities business,…
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Refinitiv boss to step down from London Stock Exchange data helm
Refinitiv’s chief executive David Craig is to step away from his role at the London Stock Exchange Group at the…
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‘Meme stock’ ETF targets retail investor boom
An exchange-traded fund that offers investors exposure to meme assets, and all the trending investments that social media has to…
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ENRC case against Dechert and SFO ‘the stuff of conspiracy theories’, lawyers claim
A case brought by mining company Eurasian Natural Resources Corporation against Dechert and one of its ex-partners is the “stuff of…
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GAM joins rush to Asia growth with new Singapore office
GAM, the Swiss asset manager, has opened an office in Singapore, joining a growing list of foreign asset managers that…
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Exxon vs. Activists: Battle Over Future of Oil and Gas Reaches Showdown
For years, Exxon Mobil Corp. didn’t have to pay much attention to investors because of its gargantuan profits. Yet on…
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Ex-Dechert lawyer ‘threw his client under the bus’ to salvage ties with SFO, court hears
A former Dechert lawyer decided to “throw his client under the bus” to protect his relationship with the Serious Fraud…
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MPs await FCA update on Woodford probe as deadline looms
The Financial Conduct Authority is under mounting pressure to provide an update on its ongoing probe into the collapse of…
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Goldman Sachs scores deal to target Chinese wealth market
Goldman Sachs Asset Management is to establish a wealth management joint venture in China, making it the latest foreign investment…
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Ex-Dechert partner in ENRC v SFO case motivated by ‘money and greed’, court hears
A white-collar crime lawyer has been accused of inciting the Serious Fraud Office into investigating his client ENRC to ramp up…
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UK should leverage Brexit to lead global crypto rules, says City lobby
Brexit poses a “valuable opportunity” for UK policymakers to get ahead of global rivals in regulating cryptoassets, according to a…
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Kay Swinburne appointed chair of International Regulatory Strategy Group
Vice chair of financial services for KPMG Kay Swinburne has been appointed to chair the International Regulatory Strategy Group. Swinburne, a…
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Trainee brokers can no longer make cold calls at BofA’s Merrill Lynch
Bank of America’s Merrill Lynch Wealth Management unit is banning trainee brokers from making cold calls, a vestige of an…
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ENRC opens £70m ‘leaks’ claim against SFO and Dechert in London court
Eurasian Natural Resources Corporation is set to claim that the UK’s Serious Fraud Office committed serious failures in its efforts to pursue a criminal…
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LSE warns Reuters that paywall breaches Refinitiv deal terms
A rift between the London Stock Exchange Group and Reuters has opened up over the media company’s plans for a…
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Trading Places: UBS and Deutsche make waves
UBS hired a senior Credit Suisse dealmaker to bolster its new unit aimed at increasing collaboration between its wealth management and…
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SoftBank CEO on how the firm turned itself around
SoftBank Group chief executive Masayoshi Son has spent the past 18 months fundamentally revamping the company he created almost 40 years ago.…
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Ford Motor and SK Innovation to Form Joint Venture to Build Electric-Car Batteries in the U.S.
Ford Motor Co. has struck a deal with South Korean firm SK Innovation Co. to form a joint venture to…
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Esma appoints French regulator to oversee daily operations
The European Securities and Markets Authority has confirmed the appointment of former French regulator Natasha Cazenave to oversee the day-to-day running…
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Investors fret as auditors turn their backs on high-risk work
The UK’s audit profession is bracing for tougher rules this year, set to prevent more Carillion-style corporate collapses, but the…
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Deutsche Bank poaches from Credit Suisse for new ECM chief
Deutsche Bank has poached a senior dealmaker from Credit Suisse to lead its equity capital markets business in Europe, as…
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Bond trading ‘cartel’ lands Nomura, UBS and UniCredit with €371m fine
A raft of investment banks have been hit with multimillion euro fines after the EU Commission found traders had operated…
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Investec pushes investment bank into Europe with Capitalmind stake
Mid-market focused investment bank Investec is expanding its dealmaking capabilities into continental Europe with a stake in boutique advisory firm…
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Investors fear more property fund casualties after Aviva closure
Aviva Investors’ decision to shutter its UK Property fund could be the first of many permanent closures, as the real…
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Alphawave lures £11m hedge fund short bet after rocky IPO
Carmignac Gestion has taken the first major short position against Alphawave, after the semiconductor tech firm suffered a rocky start…
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How crypto bulls including Cathie Wood, Mark Cuban, and Elon Musk reacted to the flash crash
The value of bitcoin and most cryptocurrencies crashed on 19 May as the volume of investors piling in or rushing…
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Oprah’s Oatly IPO fetches $17 a share, $10bn valuation
Oatly’s IPO raised $1.43bn, and the $17 price tag — first reported by The Wall Street Journal — gave the celebrity-backed…
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Fidelity International, JPMorgan scramble to vaccinate India staff as nation reels from Covid
Fidelity International, the $706bn asset manager, is offering to pay for Covid vaccines for its more than 3,000 staff based…
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Citigroup names Pakcan as new emerging markets chief
Citigroup has named Ebru Pakcan as head of its emerging markets business in Europe, another step in its goal to having…
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UK reveals vaccine booster trial programme
The UK government has funded new clinical trials to assess the potential for a number of Covid-19 booster vaccines. More than 2,800 people aged…
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Spacs to stay ‘relatively minor’ part of UK market, FCA says as it eyes relaxing listings rules
The blank-cheque company boom on Wall Street is unlikely to be replicated in the City, according to an executive at…
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