Banks’ London office footprint shrinks after heavy job losses March 17, 2015 Banks’ share of office space in London has shrunk by 13 per cent over the past decade as the industry struggles with heavy job losses in the wake of the financial crisis. A study by accountants Deloitte shows that the financial sector remains the biggest occupier in central London despite upheaval in the industry since [...]
From pensions taxes to the EU referendum to the Elizabeth Line: Here’s what got you reading this week February 27, 2016 1. A pensions tax bombshell Former pensions minister Steve Webb wrote on Sunday that George Osborne is preparing to drop a "tax bombshell" on pensions savers by scrapping the tax-free lump sum. Find out what the chancellor may have planned here. 2. The EU referendum There was no escaping from it: wherever you looked, another politician [...]
O2 arena plans for a new designer outlet win £185m backing from Lloyds Banking Group January 21, 2016 Lloyds Banking Group is backing the owners of the O2 arena in Greenwich with a £185m loan to finance the building of a new designer shopping outlet to rival Bicester Village and Wembley. The loan by Lloyds’ commercial banking arm will allow the O2’s owners AEG and Crosstree Real Estate, to push ahead with the [...]
City Moves for 1 March 2016 | Who’s switching jobs March 1, 2016 Marketform Specialist Lloyd’s underwriter Marketform has announced that Darren Lednor, formerly the active underwriter of Ariel Syndicate 1910 and 6117, has joined as chief underwriting officer. Darren has been working in the insurance industry for 20 years across both the London and Bermuda markets and his experience encompasses underwriting, broking, risk and actuarial.Darren began his [...]
City Moves for 9 February 2016 | Who’s switching jobs February 9, 2016 Lloyds Bank Lloyds Bank Commercial Banking has strengthened its technology, media and telecommunications (TMT) team in London with the appointment of Natalie O’Byrne as mid-markets relationship director. With six years’ experience in corporate banking, she joins the nine-strong TMT team having previously worked in a similar role for Lloyds Bank Commercial Banking looking after clients [...]
City Moves for 29 January 2016 | Who’s switching jobs January 29, 2016 Marsh Rob Powell has been appointed claims advocacy international leader at insurance broker Marsh. Based in London, Rob will report to Michael Poulos, global head of Marsh’s client advisory services. He joined Marsh in 2014 as a managing director in the international claims advocacy practice. Before joining, Rob was global chief claims officer at Torus [...]
City Moves for 18 March 2016 | Who’s switching jobs March 18, 2016 Traidcraft Traidcraft, which fights poverty through trade, has appointed Robin Roth as its new chief executive. Robin will take up the post on 1 October 2016 after he leaves his role as managing director of Germany-based Gepa, Europe’s largest fair trade company. Andy Biggs, Traidcraft’s interim chief executive, will remain with the organisation as chief [...]
EU referendum: Business groups hit back at claims by Boris Johnson that business support for remaining in EU is not as strong as commonly thought March 23, 2016 Mayor of London Boris Johnson has said that business support for the European Union is not as zealous as people commonly think, in a clash with senior Tory MP Andrew Tyrie. Speaking to MPs, Johnson said that he is aware that organisations such as the CBI and the British Bankers Association are in favour of [...]
Charles Taylor share price up as professionals services and insurance company reveals profit growth for year ended December 2015 March 10, 2016 Share price in Charles Taylor was trading up today after the professional services company revealed that profits had climbed in its year ended December 2015. The firm, which provides a number of specialist insurance services, announced that profits before tax had grown to £12.8m, up 31.6 per cent from £9.7m the year before, while revenue had also increased to £143.4m, [...]
London leads the UK’s economic expansion January 11, 2016 London's economic growth is outpacing the rest of the UK, according to new survey figures published this morning. Lloyds Bank’s purchasing managers’ index (PMI) – compiled from a survey of businesses – scored 56.9 for the capital. Scores above 50 signal growth. The second and third fastest growing regions were the East and South East while the [...]