Max Reinhardt Joins Canopus Group
Max Reinhardt, former CEO of Dubai Holding, joins James Hogan's Canopus Group as a senior advisor to expand aviation and hospitality investments globally.
Category : Corporate
Travers Smith staff get £100k pay rise as profit rebounds
Travers Smith has awarded staff a £100,000 pay rise after profit per equity partner rebounded strongly, with revenue rising 8% and PEP up 12% to £1.2 million.
ST Telemedia Sustainable Growth 2025
ST Telemedia reports strong sustainable growth in 2025, driven by digital infrastructure and green energy investments, according to latest financial results.
Oak Hill Advisors Europe Co-Head Relocates to Dubai
Oak Hill Advisors is relocating its Europe co-head to Dubai, expanding its presence in the Middle East as part of a strategic growth plan.
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UBS Names New Financial Sponsors Leaders in Europe
UBS has appointed new leaders for its financial sponsors coverage in Europe, aiming to strengthen relationships with private equity and venture capital firms.
Julius Baer's Risk Framework Weighs on Wealth Giant
Julius Baer's net profit fell 25% in 2023 as its new risk framework and loan impairments hit earnings, though assets under management grew.
Amundi CEO Eyes Asia Growth After SBI Funds IPO
Amundi CEO Yves Perrier says the firm will pursue further expansion in Asia after the successful IPO of its Indian joint venture SBI Funds Management, which raised $1.2 billion.
Linklaters halves lateral hires; partners get £2.5m
Linklaters cut lateral partner hires by 50% in 2023-24, while average profit per equity partner rose to a record £2.5 million, according to the firm's latest financial results.
Bezos, UK invest £330m in AI startup CuspAI
Jeff Bezos and the UK government have invested in CuspAI, a £2bn British AI startup aiming to become a 'search engine for rare materials' to accelerate tech breakthroughs.
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Mishcon de Reya Loses Four Partners to Seyfarth Shaw
Mishcon de Reya has lost four partners to US-based Seyfarth Shaw, including real estate and corporate experts, as the US firm expands in London.
RavenPack Raises $10M for AI Content Tokenisation
RavenPack raises $10 million to tokenise AI-generated content on BigDataCom, enabling data monetisation and copyright protection via blockchain.
Nuveen-Schroders deal sets UK M&A record
Nuveen's acquisition of Schroders pushes UK deal values to a new record of £104bn in 2024, according to data provider Dealogic.
BlackRock MD Karim Chedid Hid True Self on Trading Floor
BlackRock managing director Karim Chedid reveals he concealed his identity while working on a bank trading floor, highlighting challenges of diversity in finance.
San Francisco Eyes Hedge Funds' AI Boom
San Francisco aims to attract hedge funds and AI firms, boosting its economy amid a tech resurgence. The city offers tax incentives and talent pool.
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Rolls-Royce fixes Trent engines, targets narrowbody market
Rolls-Royce resolved Trent engine durability problems, boosting profits 40% to £3.5bn. Now it seeks UK government support to re-enter the narrowbody jet engine market with UltraFan technology.
Arsenal eye John Stones free transfer after Saliba injury
Arsenal are considering a free transfer for John Stones to cover William Saliba's potential five-month absence due to a back injury sustained at the World Cup.
Wessex Water CEO pay rises 14% despite sewage bonus ban
Wessex Water CEO Ruth Jefferson received a 14% base salary increase to £670,000, despite a bonus ban over sewage spills, putting her pay at 18 times the median employee.
Veteran gamer quits modern gaming over corporate greed
A 49-year-old reader explains why he is giving up on modern gaming, citing corporate greed, high costs, and a loss of creative soul, as he turns to retro gaming.
Inside Google DeepMind: Can an Ethicist Shape AI's Future?
Iason Gabriel has worked as a philosopher at Google DeepMind since 2017, trying to anticipate AI's impact. But as commercial and geopolitical pressures escalate, can ethicists make a difference?
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AWS Glitch Sends $1.5 Trillion Bills, Apologizes
A global glitch in Amazon Web Services' billing system caused customers to receive invoices up to $1.5 trillion, sparking panic and confusion before AWS apologized.
Can A&O Shearman Turn Profits into Growth?
A&O Shearman faces challenge of converting strong profitability into revenue growth post-merger, with revenue falling 4% in first full year.
Wall Street at Risk from AI Bust
A collapse in AI stocks could trigger a 30% drop in Wall Street bank earnings, according to a new analysis, as the sector's boom fuels a significant portion of investment banking fees.
St James's Place legal action moves closer with funding deal
A legal claim against St James's Place moves closer as law firm signs a funding agreement with a litigation funder, potentially affecting thousands of investors.
Kenneth Ashcroft, finance director at major UK firms, dies at 91
Kenneth Ashcroft, who held senior financial roles at Ford, Comet, Next, Dixons, and Amstrad, has died aged 91. He helped save Comet from bankruptcy and oversaw Next's creation.
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Teen drives 70 miles with mum to recover laptop from scammers
Blake Walker, 18, drove 70 miles with his mother to confront scammers after being tricked into sending his £650 Apple MacBook on eBay. They recovered the laptop from a restaurant in Essex.
Point72 Hires from Balyasny for Systematic Trading
Point72 has hired a senior systematic trader from Balyasny Asset Management to strengthen its quantitative business, according to sources.
London lags behind G7 cities in tax powers, report finds
London has the weakest tax powers of any major G7 city, with less than a quarter of its budget funded by local taxes. Devolution could add £10.5bn to UK economy, says Centre for Cities.
Citi Private Bank Chief of Staff Moves to HSBC
Citi Private Bank's chief of staff has left the firm to join HSBC, marking a significant senior-level departure from the US bank's wealth management division.
Adam Thomas friends fear new look is cry for help
Adam Thomas' friends are worried his new look is a 'cry for help' after his sauce brand Oh My Glaze lost £55,000, leaving the company £21,055 in debt with only £290 cash reserves.
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A&O Shearman Partner Pay Rises to $2.9M
A&O Shearman partner pay rises to $2.9M, a 20% increase, despite flat revenue of $3.5B in 2024, according to law firm financials.
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