City hijack Spurs' Ndiaye deal, open Fernández talks
Manchester City have agreed a £65m deal with Everton for Iliman Ndiaye, hijacking Tottenham's move, and opened talks with Chelsea for Enzo Fernández.
Category : Corporate
Ex-White House teleprompter operator fined $172,000 for bets
Gabriel Perez, a former White House teleprompter operator, has been fined $172,000 by the CFTC for betting on Trump's speeches using inside knowledge.
Meta's $18bn Settlement: A Blow or Bargain?
Meta's $18bn settlement over child harm claims barely dented its stock, rising 1.25%. Critics say the deal leaves the core algorithm untouched, demanding structural reforms.
Daiwa Europe Swings to Loss as Headcount Shrinks
Daiwa Securities Group's European arm reported a pre-tax loss of ¥2.4bn for H1 2023, reversing a year-earlier profit, as headcount fell to 675.
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KPMG Australia Cuts 5% of Staff Amid Audit Scandal
KPMG Australia announced a 5% staff reduction, affecting 300 roles, as it navigates the fallout from the audit scandal and economic slowdown.
Goldman Sachs Adds 150 Staff to EU Hubs in Brexit Shift
Goldman Sachs has added 150 employees to its EU hubs in Frankfurt and Paris, expanding its post-Brexit presence as part of its ongoing contingency planning.
Man City agree €100m deal for Lille’s Ayyoub Bouaddi
Manchester City have agreed a deal worth up to €100m for Lille midfielder Ayyoub Bouaddi, taking their summer spending to nearly £200m. The 18-year-old was stood down from Lille’s Ligue 1 game against Angers.
From Door-to-Door Wig Sales to £20M Empire: Antonia's Story
Antonia Okonma Shittu, founder of A-List Lace Hair, turned a £20M celebrity-loved brand from humble beginnings, overcoming MS, heart failure, and financial hurdles.
Hedge Fund PMs Face Non-Compete Pay Cuts as Industry Shifts
Hedge fund portfolio managers on two-year non-compete clauses now face reduced payouts as firms tighten terms, according to recruiters and industry sources.
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Barclays Names New Investment Banking Heads, Kirkland Hires
Barclays appoints new investment banking heads as Kirkland & Ellis hires a partner from Latham & Watkins, according to Financial News London.
UBS Hires JPMorgan's Su to Lead AI, Emerging Tech
UBS has appointed JPMorgan’s Janet Su as global head of AI and emerging technology, signaling a major push to integrate artificial intelligence across its banking operations.
Travelodge Boss Quits After Security Failings
Travelodge's chief executive has resigned following a critical report into security failings at the hotel chain, which included a failure to prevent sex trafficking and other crimes at its properties.
Travelodge CEO resigns after safety scandal over assaults
Travelodge CEO Joanna Boydell resigns after 13 years, following criticism over handling of guest assaults, including a sexual assault in Maidenhead and a domestic violence attack in London.
Specsavers Pays Dividend as Profits Soar to £1.2bn
Specsavers paid a dividend to its parent company after pre-tax profits surged 85% to £1.2bn, driven by strong demand for eyewear and hearing services across its global operations.
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Could AI Actually Make Wealth Management More Expensive?
Wealth managers investing heavily in artificial intelligence may find costs rising rather than falling, as technology expenses, talent wars and client expectations drive up spending, according to a new report.
Point72 Hires Barclays’ Olivier Arnoult in Quant Push
Point72 has hired Barclays’ Olivier Arnoult as a portfolio manager, reinforcing its systematic trading capabilities. The move signals continued investment in quantitative strategies.
EA Exec Calls Employees 'Little Babies' Over Job Loss Fears
An EA executive reportedly called employees 'little babies' for worrying about job security after the company's $20 billion debt-fueled buyout by investors including Saudi Arabia's PIF and Jared Kushner.
Five London men guilty in £13.8m cannabis smuggling plot
Five London men have been convicted for smuggling £13.8m worth of cannabis in 22 suitcases. Border Force officers arrested the gang at Birmingham Airport in August 2024 after they arrived from Thailand via Paris.
Lombard Odier Hits New Asset Records Amid Market Challenges
Lombard Odier reported record assets under management of CHF 172 billion in 2022, driven by net inflows and market performance, despite geopolitical and economic headwinds.
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XTX Billionaire Gerko Hires UBS Banker for Family Office
XTX Markets co-founder Alex Gerko has hired a senior UBS banker to lead his family office, as the billionaire algorithmic trading mogul expands his wealth management operations.
Kirkland Hires Latham Secondaries Partner in London
Kirkland & Ellis has hired a secondaries partner from Latham & Watkins in London, strengthening its private equity practice in the region.
Arsenal decide to keep Ethan Nwaneri, loan preferred over sale
Arsenal will not sell Ethan Nwaneri this summer, opting instead to loan him out after a difficult spell at Marseille. Mikel Arteta and CEO Richard Garlick confirm the club's stance, though a significant offer could change the situation.
Fidelity Intl Eyes More Hires for Active ETF Growth
Fidelity International is hiring more staff to expand its active ETF business, aiming to compete with giants like BlackRock and JPMorgan in the fast-growing European market.
David Krumholtz puts acting career on hold, cites frustration
Actor David Krumholtz, known for Oppenheimer and Supergirl, announced an indefinite break from acting, citing frustration and relief after years of fear about leaving the industry.
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Chelsea co-owner Boehly may exit, leaving Clearlake in full control
Todd Boehly and Mark Walter are open to selling their Chelsea stakes to Clearlake Capital, valuing the club at £5bn, which would give Clearlake full control.
Liverpool investor gets option to buy controlling stake
1892 Holdings, led by Amit Bhatia and backed by Jeff Bezos, paid over £2bn for a 38% stake in Liverpool, with first refusal to become majority shareholder within 12 months if FSG sells.
Wealth Giants Gain Client Share Amid Consolidation
Top wealth managers increased their client share in 2023, driven by consolidation and market gains, according to new data.
Chelsea offered Rafael Leao after Arsenal and Man Utd pass
Chelsea have been offered Rafael Leao after Arsenal and Man Utd ended interest. AC Milan want £34m for the Portugal World Cup star.
Barclays Names IB Co-CEOs in Latest Shake-Up
Barclays has appointed co-CEOs for its investment bank, a major leadership overhaul aimed at boosting performance and simplifying structure.
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Inside the Battle for Top Dealmakers
Investment banks are intensifying efforts to retain and recruit top dealmakers, offering higher pay and flexibility, as competition for talent escalates.
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