City Moves for 25 October – Who’s switching jobs at Refinitiv, Ratesetter and GCA Altium? October 25, 2019 Today’s City Moves includes Refinitiv, Ratesetter and GCA Altium Refinitiv Financial markets data platform Refinitiv yesterday announced the appointment of Alex Cesar as its new chief technology officer (CTO). Alex will lead the software engineering teams that build, operate and innovate Refinitiv’s strategic data platforms and the core capabilities and requirements that underpin them. Alex [...]
The impact of coronavirus on dividends April 2, 2020 As UK banks temporarily suspend all dividend payments, we discuss the effect coronavirus could have on a vital source of income for investors. What’s happening to dividends? The coronavirus crisis and oil price war are having a profound impact on economic growth and the cash position of companies. Many businesses in the most affected sectors [...]
RSA Insurance shares drop as firm warns torrid weather will hit profits September 28, 2018 Shares in British insurer RSA Insurance plummeted 7.7 per cent today after the firm said torrid weather in the UK had led to claims shooting up at the start of the year. Bringing forward a third quarter trading update, RSA said full-year underlying pre tax profits were likely to be lower than 2017 due to "elevated weather costs". [...]
City Moves for 21 November – who’s switching jobs at Assurant, Clifford Chance and GPP? November 21, 2018 Who’s on the move? Assurant Assurant, a global provider of risk management solutions, has appointed Claude Sarfo as its new chief financial officer, Europe. As part of the enterprise finance team, Claude will have responsibility for planning implementing, managing and controlling all financial activities including forecasting, strategic planning, deal analysis, capital management and M&A support. [...]
UK coronavirus: Sixth Brit dies as Covid-19 infections hit 373 March 10, 2020 A sixth person has died after testing positive for coronavirus in the UK, as the number of confirmed cases rises to 373. The patient, who was in their eighties and had underlying health conditions, was treated by West Hertfordshire Hospitals NHS Trust. Chief medical officer Professor Chris Whitty said it appeared that the virus was [...]
City Moves for 19 October – who’s switching jobs at SYZYGY, Equity Development and Relendex? October 18, 2018 Here’s who’s moving jobs today at SYZYGY, Equity Development and Relendex. SYZYGY Digital agency group SYZYGY (WPP) today announces the appointment of Ita Murphy as UK chief executive to drive growth of its UK business operations. Ita will report directly to group chief executive Lars Lehne. The new Management Board of SYZYGY UK also includes [...]
City Moves for 9 November – who’s switching jobs at Baker Botts, Duff & Phelps and Just Eat? November 8, 2018 Who’s making a move on up today? Baker Botts Baker Botts, the international law firm, today announced that Matthew Levitt has joined the firm’s antitrust practice as a partner. Matthew, recognised as one of the leading competition lawyers in Europe, will be based in the Brussels office. Matthew’s practice has focused on EU and international [...]
Insurer Lancashire sounds losses warning after natural catastrophes October 8, 2018 Lancashire Holdings has warned it is exposed to net losses of up to $75m (£57.41m) after damaging events within its marine portfolio, and damage from a series of natural catastrophes. The insurer expects net losses of $30m from marine events, and of $25m to $45m from exposure to several recent weather events, including hurricane Florence, [...]
Goldman Sachs targeting £109bn Lloyds investment fund June 4, 2018 US bank Goldman Sachs has entered the competition to manage a £109bn investment contract put out to tender by Lloyds Banking Group. Goldman Sachs Asset Management has reached the second round of bidding for the contract, alongside Blackrock, JPMorgan Asset Management and Schroders, Sky News reports. The process kicked off when Lloyds pulled outs of [...]
Half a million UK SMEs fall victim to impersonation fraud September 4, 2018 Up to half a million small and mid-sized businesses (SMEs) are thought to have been preyed on by fraudsters posing as company bosses, data by Lloyds Bank has found. Impersonation fraud is when a fraudster is able to gather information on suppliers and business contacts to pose as a company chief to extract money. According to [...]