Lord Mayor tours London firms on City Giving Day October 1, 2015 Shoes were shined, ties were straightened, balloons were inflated and cakes were freshly baked for the arrival of Lord Mayor Alan Yarrow at dozens of the Square Mile’s banks and financial institutions to mark City Giving Day, where he saw first-hand what they do to give back to society. Joined by company leaders from [...]
City Moves for 14 October 2015 | Who’s switching jobs October 13, 2015 EDMOND DE ROTHSCHILD ASSET MANAGEMENT Agnès Belaisch has been appointed head of the sovereign debt team at the asset management firm. Based in the UK, she was previously in charge of economic and market analysis at the European Stability Mechanism, and has held roles at the IMF. ANV HOLDINGS The insurance group has appointed Janet [...]
FTSE ends lower as commodities plunge again – London Report September 25, 2015 BRITAIN’S blue-chip share index fell yesterday, with basic resources and energy companies coming under fresh selling pressure due to lingering concerns about demand for metals and a poor outlook for commodity prices. The FTSE 100 index ended 1.2 per cent lower at 5,962.26 points. The index has fallen more than eight per cent so far [...]
Amlin deal boosts share price and sterling September 9, 2015 SHARES in Amlin rocketed by 32.99 per cent yesterday, after the board of the Lloyd’s of London insurer recommended a £3.5bn offer by Japan’s Mitsui Sumitomo Insurance (MSI). Amlin revealed that MSI had offered 670p per share, a 36 per cent premium to Amlin’s closing price on Monday. Just two weeks ago Amlin boss Charles [...]
London house prices up 45pc in five years: Home movers put off as figures soar August 9, 2015 The number of people moving home is in decline, new figures out today show. Rising prices, which many attribute to a lack of house building, may be hindering people from moving up the rungs of the housing ladder, according to the study from Lloyds Bank. The number of home movers reached 155,000 in the first [...]
City Moves for 4 November 2015 | Who’s switching jobs November 3, 2015 OLD MUTUAL GLOBAL INVESTORS Simon Barrett has been appointed head of Middle East and Nordic distribution at the asset manager. He joins from Martin Currie Investment Management, where he was most recently director, international sales and client service. Barrett has over 20 years’ experience in the Nordic region, and has also held positions at Allianz [...]
Market volatility hits Lloyd’s and other insurers September 11, 2015 LLOYD’S of London insurance market posted a 28 per cent drop in half-year profit yesterday and said volatility and low interest rates were driving down returns. Pre-tax profits slid to £1.19bn, and combined ratios which were up to 89.5 per cent from 87.5 per cent this time last year. The measure is of an insurer’s [...]
Visa Inc share price down as it agrees to buy former subsidiary Visa Europe for €21.2bn November 2, 2015 Visa Inc announced this morning it has reached a deal to buy its former subsidiary Visa Europe for as much as €21.2bn (£15bn). The consolidation of Visa Europe's 500 million card accounts, worth more than €1.5 trillion, will create a single global payments company. The upfront payment comprises of €11.5bn in cash and €5bn-worth of preferred stock (which pays fixed dividends, taking [...]
Mix it up: There’s more to coffee cocktails than the Espresso Martini September 16, 2015 Today, as you sip your morning coffee, take a moment to ponder London’s great institutions built under the influence of caffeine. During one of this nation’s many peaks – from the mid-1600s to the early 1700s – our streets were awash with thousands of coffee shops. These replaced taverns as the place to meet and [...]
Behold: the City finally has a mixologists’ bar September 22, 2015 I hate to be the one to break it to you, but the Square Mile isn’t a great place for cocktails. Sure, you can now get them in most bars (and even some pubs), but most aren’t worth the lemon they’re garnished with. I think it’s a supply and demand thing. Perhaps understandably, the City [...]