Brits spent £7.5bn on moving house last year: That’s £23,000 in stamp duty, surveyors and other fees if you live in London April 17, 2015 The average cost of moving house in London shot up to £23,000 last year – that's higher than the average (median) UK annual wage. The figures The price of moving house in the UK rose by £431 last year, bringing the average total figure to £8,698 in 2014, up from £8,258 in 2013 and £7,552 in [...]
My vision as City minister: I want UK finance to be the world’s most competitive June 30, 2015 During my two decades in the financial services industry, I always enjoyed the important annual events that bring the industry together. It was great to be back at The City UK’s conference yesterday, speaking this time in my new job as the government minister responsible for financial services policy. I’m proud of the [...]
City Moves for 10 June 2015 | Who’s switching jobs June 9, 2015 Lloyds Bank Commercial Banking Adrian White has been appointed chief operating officer, commercial banking at the bank. He was previously managing director and head of SME banking. White has over 30 years’ experience in the banking industry. Rothschild Peter Hindle has been appointed director in Rothschild’s wealth management business. He joins from Credit Suisse, where [...]
London leads UK business activity April 12, 2015 London is leading the way as the UK sees business activity rise at a pace not experienced for seven months, a survey of firms released today shows. Lloyds’ purchasing managers’ index shows all regions across England and Wales were boosted by gains in employment growth.
Canadian fund Omers make $1.7bn swoop on UK consultancy Environmental Resources Management June 15, 2015 Charterhouse yesterday sold its stake in the world’s biggest environmental consultancy to Canadian mega fund Ontario Municipal Employees’ Retirement System (Omers) in a deal worth $1.7bn (£1.1bn). Omers’ private equity arm (OPE) will buy Charterhouse’s 55 per cent investment in Environmental Resources Management (ERM), which is headquartered in London with 162 other offices around the [...]
City Moves for 06 May 2015 | Who’s switching jobs May 5, 2015 Cavendish Corporate Finance The sell-side advisory firm has appointed four people to its corporate finance team. Kate Gribbon (pictured) joins as associate director from Deloitte Corporate Finance, where she worked in its consumer business M&A advisory team. David Harris joins as senior researcher from PwC, where he worked in M&A research. Victoria Clarke joins as [...]
City Moves for 29 April 2015 | Who’s switching jobs April 28, 2015 Goodwin Procter The law firm has appointed Catriona Berman as partner in its real estate capital markets practice in London. She will join from Macfarlanes following completion of her notice period, and advises on a wide range of real estate transactions. Metro Bank John Nelson has been appointed head of invoice finance for the bank’s [...]
Whistl’s 2,000 jobs at risk as deliveries end May 11, 2015 Whistl, Britain’s second-largest postal service, has suspended deliveries, putting the jobs of its 2,000 workers at risk. The Dutch-owned company, which was formerly known as TNT Post, has sent home its staff and is reviewing the viability of its loss-making “final mile” service. The move boosted shares in its rival Royal Mail by 3.74 per [...]
Apple Pay: How does it work and is it any quicker? A guide for the new contactless payment system July 15, 2015 Apple Pay has finally arrived in the UK. Well, sort of. If you have the right iPhone and the right bank and you shop in the right place and if the sun is shining at just the right angle – then you can use Apple Pay (okay, we made the bit about the sun up). [...]
City Moves for 4 June 2015 | Who’s switching jobs June 3, 2015 PwC Gareth Lewis has been appointed director in PwC’s real estate practice. He has formerly worked as a consultant at EY and the Urban Land Institute. Lewis has also been a representative at the European Public Real Estate Association and the British Property Federation. JLT Re The reinsurance broking and consultancy firm has appointed Chris [...]