corporate
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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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The Texas Grid Came Close to an Even Bigger Disaster During February Freeze
The Texas electric grid came within five minutes of a complete collapse in mid-February. The problem could have been much worse. A…
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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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Pending home sales sink as the housing market falls back to Earth
The numbers: An indicator of existing-home sales fell in April, suggesting that the housing market could be cooling in the face…
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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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U.S. investors are pouring money into European stock funds
U.S. investors have stepped up their purchases of European stocks — even as performance this year has been neck-and-neck with…
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Salesforce stock rises on earnings beat, increased outlook
Salesforce.com Inc. shares rose in the extended session Thursday after the cloud-based customer-relationship management company topped Wall Street estimates and…
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GameStop stalls, AMC soars in rare divergence — short interest might hold the key
After posting almost identical charts for weeks, the two biggest names in meme stocks are suddenly no longer twinning, and…
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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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Alan Dershowitz sues Netflix over portrayal in Jeffrey Epstein series
MIAMI — Attorney and Harvard law professor Alan Dershowitz is suing Netflix for $80 million over his portrayal in the…
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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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Jefferies fast-tracks junior bankers amid burnout and battle for talent
US investment bank Jefferies is promoting its juniors faster, in line with some of its Wall Street rivals, as the…
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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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Taiwan criticizes China over Pfizer vaccine deal, and Wuhan lab theory irks Beijing
Tensions between Taiwan and Beijing flared on Wednesday when Taiwanese President Tsai Ing-wen accused China of blocking a deal Taipei…
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Nvidia sales hit a record again amid chip shortage, and the earnings outlook suggests more on the way
Nvidia Corp. broke several quarterly sales records and forecast revenue growth as much as $1 billion above Wall Street estimates…
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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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Amazon and Facebook as defensive plays? Yes, along with these other stocks that are cash-flow winners
If we’re heading into a time of increased risk in the stock market, investors might be well-served by owning shares…
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Will we need COVID-19 booster shots? Increasingly, the expectation is yes
It looks like Americans may need to roll up their sleeves for a COVID-19 booster shot, though vaccine makers and…
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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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Apple v. Epic: It’s closing argument time in blockbuster trial
Three weeks, more than a dozen witnesses, and hundreds of exhibits later, Apple Inc. and Epic Games Inc. are making…
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These are the UK’s wealthiest hedge fund managers in 2021
For the City, the last 12 months proved to be a record year in minting new billionaires, as Britain created…
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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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Largest U.S. Pension Slashed Positions in Alibaba, Palantir, and GameStop. Here’s What It Bought.
Calpers sold nearly all its investment in Alibaba, and halved positions in Palantir and GameStop stock. Greg Baker/AFP via Getty…
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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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HSBC has no plans to get into crypto, boss Noel Quinn says
HSBC is staying away from the cryptocurrency trading game, despite a number of its rivals planning to enter the space.…
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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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Citigroup lays out plans for staff return to Canary Wharf
Citigroup will up the number of staff coming into its Canary Wharf headquarters from 21 June, on the back of…
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