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.
Category : Corporate
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.
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.
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.
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.
Lazard Hires UBS's Superina to Lead Swiss Dealmaking
Lazard has hired UBS's Alessandro Superina to lead Swiss dealmaking, according to a memo seen by Financial News. Superina will start in October.
Hedge Fund Meltdown Highlights Prime Broker Risks
A hedge fund's collapse exposes prime brokerage risks, prompting banks to reassess lending practices amid market volatility.
Banks Fight for Top Dealmakers as Talent Pool Dries Up
Investment banks are intensifying competition for senior dealmakers, with the talent pool shrinking and compensation rising, according to industry sources.
Citi Poaches JPMorgan's Trusts and Estates Chief
Citigroup has hired JPMorgan's trusts and estates chief to lead its wealth planning business, marking a key hire in its wealth management push.
Shannon Elizabeth earns $1M on OnlyFans in 9 days
Shannon Elizabeth, star of American Pie, made $1 million on OnlyFans within nine days of joining, revealing the surprise windfall and its impact on her career and charity work.
PwC Demotes UK Partners in Profitability Drive
PwC has demoted a number of UK partners as part of a profitability drive, according to sources. The move affects partners in its advisory business.
Nasdaq reshuffles European leadership, Citi hires
Nasdaq has reshuffled its European leadership, appointing new heads for London and Nordic markets, while Citi has made senior hires in its trading division.
Citi's Sieg Reorganizes Wealth Arm: 5 Key Changes
Citi's wealth arm has been restructured under Andy Sieg, with 5 key changes including new leadership and a focus on private banking.
Gen-Z lawyer fired after viral TikTok criticising job
A junior lawyer in Melbourne was sacked after posting a TikTok criticising workplace culture, which garnered over 500,000 views. She refused to delete the video, leading to her dismissal.
Mayer Brown Hires Baker McKenzie Partner for Finance
Mayer Brown has hired a Baker McKenzie partner to bolster its finance practice, continuing its recent expansion in the sector.
JPMorgan Bolsters Equity Syndicate with Malek Hire
JPMorgan has hired Malek to strengthen its equity syndicate, following a BNP Paribas exit, according to sources.
Big Four Wealth Advisers See PE Firms Offloading Investments
Big Four wealth advisers report PE-backed firms are offloading investments, with deal volumes rising 20% in 2023, according to recent data.
Barcelona improve Rodri bid to £51m as City target Fernández
Barcelona have made an improved bid of around £51m for Rodri, close to Manchester City's valuation, as City target Chelsea's Enzo Fernández.
Page 2 of 63