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FCA bans former Co-op Bank chair Flowers from industry

The FCA has banned former chair of the Co-op Bank Paul Flowers from the financial services industry for inappropriate behaviour. The ban comes as Economic Secretary to the Treasury John Glenn approved the Prudential Regulation Authority’s appointment of Mark Zelmer to carry out an independent review of the firm. The independent review will look into […]

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SJP pledges continued commitment to academy programme

St James’s Place has confirmed that building its Academy and retaining “best of breed” staff will be key focuses for the advice giant going forward. Speaking at the launch of the firm’s year-end results for 2017 today, chief executive Andrew Croft says the firm is in a strong position for the future with “every reason […]

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CBI: Investors are spooked by hard Brexit plans

Confederation of British Industry president Paul Dreschsler has expressed concern over a likely decline in investment interest in the UK due to Conservative MP’s plans for a hard Brexit. Speaking on Monday, the Financial Times reports that Dreschsler said plans to nationalise British industry, including water, railways and energy networks would also obstruct the UK’s […]

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SimplyBiz to IPO next month

SimplyBiz Group will float on the London Stock Exchange next month with a market capitalisation of £130m. The company has raised a before-expenses total of £30m from an institutional placing of 17,670,149 ordinary shares at a placing price of 170p, as well as £34.6m for selling shareholders though an institutional placing of 20,362,228 ordinary shares […]

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