Grand Designs’ Kevin McCloud talks Britain’s House of the Year 2015 November 27, 2015 It is a curious paradox that, while so many of us want to own our own homes, so few get to build one. Finances and the planning system seem to conspire, with the result that personalisation of where we live is frequently restricted to some amateur interior design. But there is a way to get [...]
Tories put City at centre of EU talks: George Osborne vows to take on damaging and misguided regulations September 6, 2015 The government will put the City’s interests at the forefront of its bid to renegotiate Britain’s relationship with the European Union, chancellor George Osborne said today. Writing exclusively for City A.M., the chancellor warns that red tape from Brussels poses a major danger to London’s status as a global financial hub. While Osborne [...]
Skills shortages are a perfect storm for London construction September 22, 2015 No matter where you are commuting from this morning and where your final destination is, it will be impossible not to notice the construction boom taking place in the capital. All around us, new housing is taking shape to accommodate the largest population that London has ever known. Whether colossal structures piercing the low-lying [...]
City Moves for 16 September 2015 | Who’s switching jobs September 15, 2015 BARCLAYS Ian Gilmartin has been appointed head of retail and wholesale for Barclays’s corporate bank. He has over 20 years’ experience and has spent the past five years as part of the leadership in Barclays’ retail and wholesale team. Gilmartin has also held roles at Dresdner Kleinwort Benson and Allied Irish Banks. DELOITTE The business [...]
Economists urge Bank of England to postpone interest rate rise October 8, 2015 City A.M.’s panel of economists urged the UK’s rate-setters to keep interest rates at their record low of 0.5 per cent this month, as the global economy slows and inflation remains well below its two per cent target. Professor Steve Keen, head of the school of economics, history and politics at London’s Kingston University, [...]
August Bank Holiday 2015 blues for Barclays, RBS and NatWest staff as local branches stay open August 27, 2015 In these modern times of accessibility and 24-hour contact, is the Bank Holiday becoming part of Britain’s history more than a cultural event? Three lenders were excited to announce the desecration of the sacred so-called bank holiday weekend by opening branches across the country. While execs and chairs head off to their homes in the [...]
Londoners more likely to keep savings from spouse: One in ten holds secret stash in bank account report reveals July 16, 2015 Over one in ten Londoners are saving money in bank accounts and deliberately keeping it quiet, a report from Lloyds Bank reveals. Lloyds Bank claims that an average of one in ten UK residents keep at least part of their savings a secret from their partner. London’s rate is slightly above this at 12 per [...]
Round 2: Trial of six brokers accused of Libor rate-rigging begins in London today October 6, 2015 Six brokers accused of Libor rigging will see their trial begin in London today and could face decades in jail as the second instalment of the Serious Fraud Office’s (SFO) war on financial misconduct gets underway. The six brokers – who have worked at ICAP, RP Martin and Tullett Prebon – are charged with [...]
City Moves for 29 July 2015 | Who’s switching jobs July 28, 2015 KPMG Craig Steven-Jennings has been appointed partner in the professional services firm’s enterprise practice. He joins from KPMG’s South African firm and will be based in London. Steven-Jennings first joined its Cape Town office in 1999 and became an audit partner in 2005. Tokio Marine Kiln The insurance provider has promoted Paul Culham to the [...]
City Moves for 22 September 2015 | Who’s switching jobs September 21, 2015 LEGAL & GENERAL INVESTMENT MANAGEMENT Katharine Photiou has been appointed head of workplace defined contribution, product and proposition, at the investment management firm. She joins from Barclays, where she was head of workplace savings. Photiou has also held roles at Mercer and Friends Provident, latterly as head of defined contribution corporate strategy and design. JP [...]