Blame Brexit: International investors shun prime London property May 23, 2016 The proportion of international buyers and sellers in London property fell in the first quarter of 2016, according to research released today, despite a fall in sterling making UK property relatively attractive. The effect was strongest in central London, but there has also been reduced activity in overseas nationals across the whole of London. The research [...]
Digital disruption comes to TV production with new online “stock market” August 21, 2016 Watch out, TV production industry: digital disruption is coming. At least it will be if David Frank, the founder of independent TV production company RDF Media and former chief executive of international company Zodiak Media, is successful in his new venture. Three years after stepping down from his position at Zodiak, Frank along with his brother, [...]
City Moves for 11 May 2016 | Who’s switching jobs May 11, 2016 RateSetter Marketplace lender RateSetter has announced the appointment of Cyrille Salle de Chou as chief risk officer. Cyrill joins from Lloyds Banking Group and brings extensive experience. He started his risk career at Capital One, where he became chief credit officer for Europe responsible for card and personal loan credit. In 2007, he joined Lloyds [...]
Pride in London 2016: The Bank of England will fly the rainbow flag for the first time this year, but the FCA has started celebrating already June 14, 2016 The Square Mile is catching Pride fever. News reaches the Capitalist from the Bank of England that the annual celebration of the LGBT community in London is going to be extra special this year. The Bank of England is making LGBT history by flying the rainbow flag over its building for the first time next weekend. [...]
Crack out the Jack Daniel’s: Sterling bond issuance lives after Brexit vote June 30, 2016 Two sterling-denominated debt deals launched today, a week after the UK voted to leave the European Union. British American Tobacco (BAT) is reportedly selling a five-year benchmark bond totalling £500m. And US drinks company Brown-Forman, which makes Jack Daniel’s and Finlandia vodka, is in the market with a £300m, 12-year deal. It also announced a €300m [...]
Property of the Week: Agent Lurot Brand is listing this house in Boyne Terrace Mews in Holland Park under two prices – with their services or without July 8, 2016 Boyne Terrace Mews, Holland Park, £3.75m/£5.75m A rare opportunity has come onto the market in Holland Park to custom build an ideal five bedroom house with the help of an agent who’s already done all the tricky paperwork. Getting planning permission to turn this mews house in a cul-de-sac in Landsdowne Road would have been tricky [...]
Watch out, big banks: The claims are coming, and here’s the lawyer who’s bringing them August 21, 2016 Before the rigging scandals started to rock the City, most people would have been wholly unfamiliar with the idea of a 4pm fix or the Libor question. Then, in 2012, Barclays’ chief executive Bob Diamond sent shockwaves through the financial centre, as he stepped down from his role. Just days before, the bank had been [...]
City Moves for 27 May 2016 | Who’s switching jobs May 27, 2016 Payne Hicks Beach Central London law firm Payne Hicks Beach has announced that Virginia Farquharson, a chartered accountant, has been appointed to the newly created director of management role, following the retirement of Peter Black, as managing partner. Virginia has enjoyed a long career at Payne Hicks Beach for over two decades, principally as director [...]
In pictures: The car causing a fuss at Lloyd’s of London today June 30, 2014 Anyone wondering what the besuited crowd around the bottom of the Lloyd's building were looking at this afternoon can wonder no more, it was a very fast car – a Formula E car to be precise. Why is it outside the Lloyd’s Building? Amlin, the Lloyd’s-based reinsurance company, is to sponsor and work closely [...]
City Moves for 1 June 2016 | Who’s switching jobs June 1, 2016 Together Helga Wright has joined specialist lender Together, taking on the role of commercial finance director, as the business continues with its growth strategy. Helga joins from the Co-operative Bank, where she was financial director of the retail, commercial and business banking businesses, and brings a wealth of financial services experience, spanning nearly 20 years. [...]