Nomura said the German financial services regulator, BaFin has granted a securities trading license to its new Frankfurt-based entity: Nomura Financial Products Europe GmbH (NFPE). The company said in a statement that “Nomura’s plans are well advanced and the license is a major step towards ensuring that all current client […]
UK’s transport company, FirstGroup has appointed Wolfhart Hauser as its new chief executive officer after further disappointing financial results. FirstGroup is said to be looking at putting its US Greyhound bus service under review as well. According to Reuters News, the company rejected two approaches from a private equity firm […]
Germany’s Commerzbank has appointed Dr. Stefan Schmittmann is the new Chairman of the Supervisory Board of Commerzbank. He was appointed at the constitutive meeting following the Annual General Meeting on 8 May the members of the executive body unanimously elected Schmittmann as its chairman. Stefan Schmittmann was a Member of […]
Nigeria’s largest listed company, Dangote Cement Plc, is said to be looking at listing its shares on the London Stock Exchange. The move is a global ambition that will see Dangote Cement seek to raise about $500 million via an initial public offering that will make its second listing after […]
After acquiring Diamond Bank UK, British industrialist, Sanjeev Gupta has renamed it to the British Commonwealth Trade Bank. It would be recalled that Nigeria’s Diamond Bank Plc said it has sold off its 100% equity in Diamond Bank UK to GFG Alliance, an industrials and energy group owned by Sanjeev […]
LafargeHolcim has appointed Feliciano González Muñoz (54) as new Head of Human Resources, effective 1 May 2018, reporting to Chief Executive Officer Jan Jenisch. The company said he will succeed Caroline Luscombe who has decided to pursue opportunities outside of the company. In line with simplification and lean management, the […]
McGraw-Hill Education has appointed Nana Banerjee as president and chief executive officer, effective April 23. Dr. Banerjee, 47, is currently group president of Verisk Analytics, a leading data analytics provider, and has a proven track record of driving global growth and exceptional performance in both public and private companies. He […]
After coming at loggerheads with its core board of directors, Sir Martin Sorrell, the CEO of WPP has resigned. The company is also contemplating a breakup of the advertising hegemony that Sorrel built in the last 30 years. Sorrell was placed under investigation by his board over allegations that he […]
There are indications that Monsanto and Germany’s Bayer AG will be sealing up their merger plans as there is various go ahead being achieved on the transactions. Apart from the fact that the majority of Monsanto and Bayer’s shareholders have approved the merger, the European Commission has also given the […]
There seems to be trouble brewing at WPP, world’s largest advertising company its chief executive, Sir Martin Sorrell is being investigated. According to Daily Mail, the company’s board of directors led by its chairman, Roberto Quarta and senior non-executive director Nicole Seligman has appointed American Law firm, WilmerHale to conduct […]