St. James's Place to Pay Partners More Frequently
St. James's Place will pay partners more frequently to stem exits, with 400 advisers leaving in 2024 amid fee changes and regulatory pressure.
Category : Corporate
Lazard CEO: MD Overhaul Starting to Pay Off
Lazard CEO Peter Orszag reports that the bank's managing director restructuring is yielding results, with improved productivity and client satisfaction.
JPMorgan poaches UBS veteran, Citi boosts tech team
JPMorgan has hired a veteran trader from UBS for its equities team, while Citi is expanding its technology workforce to enhance digital offerings.
Liverpool primed for business: Bezos, Bhatia and the next steps
A consortium led by Amit Bhatia, son-in-law of Lakshmi Mittal, has opened talks with Fenway Sports Group over a £1.35bn deal for about 30% of Liverpool, valuing the club at £4.5bn.
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Democrats propose bank funded by China tariffs for US manufacturing
Democratic lawmakers have introduced the Industrial Bank for American Manufacturing Act, a bill to create a bank funded by up to $15bn annually from China tariffs to support US manufacturing.
Andoni Iraola: collectivism key to Spanish success and Liverpool role
Andoni Iraola explains how collective values drive Spanish coaching success and his plans to restore team unity at Liverpool, prioritizing the team over the individual.
US Prosecutes Cop City Protester Over Phone OS
The US Department of Justice is prosecuting Sam Tunick for having GrapheneOS on his phone, an open-source OS that allows wiping data, in a case experts say may be unprecedented.
Jeff Bezos mulling Liverpool FC stake purchase
Jeff Bezos, worth over $250bn, is reportedly considering buying a stake in Liverpool FC, joining a consortium led by Amit Bhatia, who left QPR's board this week.
HSF Kramer posts $2.4bn revenue following merger
Herbert Smith Freehills Kramer reported $2.4bn revenue for its first full year post-merger, with profit per equity partner rising 16% to $1.6m.
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Healey's Tough Choices and SJP's Retention Troubles
Labour's Rachel Healey faces fiscal constraints, while SJP grapples with adviser retention issues. Key wealth management developments this week.
Worker's fake meeting hack to avoid office meetings goes viral
A senior leader at a UK sports organisation uses a fake meeting labeled 'FAMT' (F**k all meetings Tuesday) to free up time. HR experts weigh in on the trend.
Man Utd agree personal terms with Manu Kone
Manchester United have agreed personal terms with AS Roma midfielder Manu Kone, beating Arsenal and Chelsea to the £51m-rated France international, with an official bid expected soon.
Aquis Revenue Up 18% After Six Exchange Buy
Aquis Exchange reported an 18% revenue increase to £27.8m in 2024, driven by its acquisition of Six Exchange, which contributed £4.2m.
Jupiter profit jumps as fund house stays disciplined on costs
Jupiter Fund Management reported a 24% rise in first-half profit, driven by cost discipline and market recovery, despite net outflows of £1.1 billion.
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Segro board backs £14bn Prologis takeover in U-turn
Segro's board unanimously recommends accepting Prologis's £14bn 'best and final offer', marking a major foreign takeover of a UK-listed company.
Segro takeover by Prologis another blow to London market
FTSE 100 warehouse landlord Segro capitulated to a £14bn hostile takeover by US giant Prologis, marking the biggest Footsie takeover this year and further hollowing out the UK stock market.
Steve Davison, trade union leader, dies at 71
Steve Davison, chair of Amicus executive council and key figure in creating Workers Uniting and Unite, has died aged 71. He also taught at Bradford's Trade Union Studies Centre.
Rogers joins Chelsea for £117m on seven-year deal
Morgan Rogers has completed a £117m move to Chelsea from Aston Villa, signing a seven-year contract. The chance to work with Xabi Alonso was key in his decision.
Hegseth: Iran war cost $37.5bn, seeks $88bn more
Defense Secretary Pete Hegseth told the Senate the US-Israel war on Iran cost $37.5bn so far, requesting $88bn more, as lawmakers question the conflict's cost and strategy.
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Lloyd's ex-boss breached compliance over close relationship
Lloyd's of London found former CEO John Neal breached compliance rules by failing to disclose a close relationship with a colleague, creating a perceived conflict of interest.
Labor Faces Internal Push for 25% Gas Export Tax
ALP members push for a 25% tax on gas exports to raise $17bn annually, enough to fund dental in Medicare or free childcare, as current PRRT fails.
Magic Circle Results: Four Key Takeaways
The Magic Circle law firms reported mixed financial results this week, with revenue growth but profit declines, highlighting market challenges and strategic shifts.
Clifford Chance Boss: Partner Exits Won't Slow Growth
Clifford Chance's managing partner says recent partner departures will not hinder the firm's growth strategy, citing strong recruitment and pipeline.
JPMorgan hires UBS veteran Carnegie-Brown for consumer coverage
JPMorgan has hired UBS veteran David Carnegie-Brown to strengthen its consumer investment banking coverage, according to an internal memo.
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Ex-Citadel Fund Seeks $250M Fresh Capital
A hedge fund founded by former Citadel managers is seeking $250 million in fresh capital, according to sources familiar with the fundraising effort.
Citigroup Hires Five Dealmakers in Tech Push
Citigroup has hired five senior dealmakers to expand its technology, media, and telecom investment banking team, signaling a strategic push into the tech sector.
Bridgepoint Eyes Carlyle's Anthesis Acquisition
Bridgepoint is in exclusive talks to acquire Anthesis, a sustainability consultancy owned by Carlyle, in a deal valuing the firm at over £1 billion.
AI fears push tech workers to unionize, breaking Silicon Valley's anti-union culture
Tech workers are increasingly unionizing as AI drives layoffs, surveillance, and workload increases. Union actions at Alphabet doubled in 2025, signaling a shift away from Silicon Valley's anti-union culture.
Amazon tactics allegedly hiked prices across internet
Internal emails and interviews reveal Amazon pressured suppliers to raise prices on rival sites like Walmart, leading to price hikes of up to 200% on some products. California AG alleges price-fixing; Amazon denies.
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Liverpool owner in talks to sell stake to Mittal group
Fenway Sports Group is in negotiations to sell a minority stake to a consortium led by Amit Bhatia and backed by Lakshmi Mittal, valuing Liverpool at £4.5bn.
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