City London Financial News

(L-R) Linnea Bengtsson and Connor Godsell (pictured), join Liontrust from Ninety One AM and abrdn, respectively.

LONDON — TUI became the latest company to ditch its share listing in London, as shareholders voted overwhelmingly for the German travel giant to list solely in Frankfurt.

The FCA said Huisamen also allowed promotions that gave a misleading impression that the mini-bonds were regulated.

Yotel is in advanced discussions and is evaluating opportunities to hopefully sign its maiden hotel project in India this year, said its chief executive Hubert Viriot. In an interview to ET, he said, “The population density, the growth in domestic and international travel are factors that are conducive for us to be successful in India. Apart from looking at specific projects, we are also in advanced discussions with a number of groups for potential partnerships here. I am quite confident that we should succeed this year, and that we should be able to announce our first partnership here this year.” Yotel has hotels around airports and city centres in markets such as Singapore, London, New York, Istanbul, San Francisco, Washington DC and Paris. Backed by the Al-Bahar Group and Starwood Capital Group, it works with private equity funds, pension funds and real estate developers to build hotels that it claims are designed for 'Generation Go' or young professionals on the move.

The head of Rothschild & Co.’s Canadian office has left the storied investment bank as it grapples with a prolonged slump in dealmaking that’s hurt the entire industry.

As part of the leadership transition, Candriam has appointed Servaas Michielssens as head of healthcare, returning to the firm after a 16-month tenure at a private equity firm.

Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.

If your loved one is expecting chocolate this Valentine's Day, celebrating it may prove not-so-sweet for your wallet.

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LONDON (Reuters) -As China's troubled markets take time out for the Lunar New Year holiday, U.S. inflation numbers, key UK data, Russia's central bank meeting and an election in the world's third-largest democracy vie for the spotlight.

Harry reached a settlement with a tabloid publisher that invaded his privacy.

Bitcoin advanced past $46,000 to a one-month high, supported by signs of steady inflows into a batch of US funds for the token as well as growing attention on the so-called halving due in April.

The memo to staff seen by Bloomberg noted that the cuts would include 21 roles in the firm’s private bank division.

Bank of America may be cutting a few heads and keeping a lid on costs by failing to replace people who've left, but it's hiring too. Last year, it recruited 15,000 people, including many in European fixed income sales, where it doubled the size of the currency and commodities salesforce working with corporate clients in the two years to mid-2023 and hired 50% more staff across EMEA sales and trading.

Although he is open to the idea, Hunt argued he is still deciding what to include in his upcoming Budget on 6 March. | Credit: Treasury

“Personnel is policy”, as the saying goes – if you want to know what an organisation is planning, look at who is being promoted and why.  But it doesn’t always work that way.  Sometimes, other factors intervene and personnel moves can be a downright misleading guide to strategy.  It seems that Barclays' leveraged finance business, where Na Wei has just been promoted to sole head , might be one of these unusual cases.

People may be leaving Goldman Sachs after bonuses, but they are joining too. One of Goldman’s newest hires in London has returned from a sojourn in a hedge fund.

Former Ottawa Senators player Alex Formenton has turned himself into London police headquarters Sunday.

An 18th century British painting stolen by mobsters in 1969 has been returned more than a half-century later to the family that bought the painting during the Great Depression

British billionaire Joe Lewis has exited his stake in a biotechnology firm at the centre of the United States insider-trading case in which he pleaded guilty this week, cementing an eight-fold gain.

Housing rents have surged by a substantial 25–30 percent in top micro-markets within major cities since 2019. Meanwhile, the average monthly rents for residential properties have experienced a notable uptick of 15-20 percent across the top 8 cities compared to the pre-pandemic era of 2019, according to a report by Housing.com.