CITY MOVES | WHO’S SWITCHING JOBS July 26, 2012 Saxo Capital Markets UK Nick Beecroft has been appointed chairman of Saxo Bank’s UK online trading subsidiary. He has worked at the firm since 2009, most recently as senior markets analyst. Beecroft has over 30 years’ experience in international trading, and has also held roles at Standard Chartered and Deutsche Bank. Speechly Bircham James Trafford [...]
Great Portland buys Piccadilly site from Capco joint venture July 23, 2012 GREAT PORTLAND ESTATES yesterday announced it has bought out Capital and Counties’ half share in the Jermyn Street estate in Piccadilly for £60m, giving it control of nearly 200,000 square feet of property in the area. The £120m estate, held by the two developers’ joint venture Great Capital Partnership, is made up of five properties, [...]
CITY MOVES | WHO’S SWITCHING JOBS July 23, 2012 Taylor Wessing Alix Prentice has been appointed partner in the law firm’s financial services regulatory team. She joins from Cadwalader, Wickersham & Taft, where she was special counsel in its financial services group. Prentice has also worked for the Financial Services Authority. Allianz Global Investors Corinne Crawford has been appointed director in the European consultant relations [...]
London Stock Exchange surges as speculation over merger circulates July 19, 2012 BRITAIN’S top share index edged higher yesterday helped by a bounce in several heavyweight banking stocks. But the London Stock Echange gathered the most attention, with a late surge before the close sparked by speculation of a potential tie-up with its Singaporean counterpart. The talk follows the LSE’s recently announced joint venture with the Singapore [...]
THE GREAT (BUT WET) CITY RACE July 12, 2012 THOUSANDS of runners were out in force in the City yesterday despite the rain, participating in Standard Chartered’s Great City Race 2012. With just two weeks to go before the Olympics, the Square Mile enjoyed its own demonstration of sporting prowess as office workers took to the steets to run 5k in support of Standard [...]
Get set for the 5k StanChart City challenge July 10, 2012 WORKERS across the City are just hours away from competing against each other in the Standard Chartered Great City Race. The 2012 race on Thursday has attracted the greatest ever amount of runners with the maximum 6,500 places from over 350 companies selling out in record time. The 5K race starts at 19.15 at The [...]
ADVISERS UBS July 9, 2012 JONATHAN Rowley, managing director mergers & acquisitions, is one of the UBS team advising PTT on its pursuit of Cove Energy. Rowley has also advised Altimo, the telecoms arm of Russia’s Alfa group, on the sale of its 25.1 per cent indirect equity stake in Russia’s MegaFon for $5.2bn, and Vodafone on its £1bn cash [...]
FTSE pegged back by miners July 9, 2012 The FTSE 100 edged down in early trading today as disappointing jobs data out of the US on Friday continued to cast a shadow over global markets. The 80,000 increase in payrolls in June was slightly below market expectations for an increase of about 90,000 and was not enough to reduce the unemployment rate, which [...]
Entwhistle named as new BBC director general July 4, 2012 The BBC named George Entwistle, currently director of vision, as its new director general on Wednesday. Entwistle will take up his new role in August from outgoing director general Mark Thompson but at a lower salary – 450,000 pounds a year as opposed to Thompson’s 671,000. Entwistle beat his BBC colleague and the corporation’s chief [...]
FTSE up as UK manufacturing decline slows July 2, 2012 The FTSE 100 edged up this morning as new data showed that the decline in UK manufacturing slowed in June. The manufacturing PMI – a respected survey of the sector – stood at at 48.6, up from 45.9 in May and well ahead of the consensus forecast of 46.5. New orders also rose strongly to [...]