GQ includes Lloyds chief Antonio Horta-Osorio and Cheesegrater architect Richard Rogers on 2015 best-dressed businessmen list January 8, 2015 We've always known that suave Portuguese Lloyds chief, Antonio Horta-Osorio was a bit of a looker and a snappy dresser. Well, now we’ve all been proven correct by that bastion of style, men’s glossy GQ – it has voted him as the sixth best-dressed man in business. “He shines among his British peers as the [...]
How Silicon Roundabout could save finance’s reputation April 1, 2014 The City could be saved by the mobile revolution sweeping finance – not just because new technology cuts costs and improves service, but because the tech sector is cool and some of that great image could rub off on banks. So says insurance boss and bad bank troubleshooter Sue Langley. The City veteran has been [...]
HSBC scandal takes the spark out of the FTSE – London Report February 9, 2015 THE UK’s top share index edged lower yesterday, hurt by a fall in HSBC after the bank admitted tax failings at its Swiss unit and by softer utility stocks. The blue-chip FTSE 100 index was down 0.2 per cent, or 16.29 points, at 6,837.15 points by the close, with United Utilities, National Grid and Severn Trent [...]
City Moves for 09 February 2015 | Who’s switching jobs February 8, 2015 Cohn & Wolfe The communications agency has appointed Helen Ridgway as chief executive of technology agency AxiCom, which it acquired seven years ago. Cohn & Wolfe, in turn, is part of WPP. Ridgway co-founded AxiCom 20 years ago. Her client base includes Tyco and Microsoft Devices Group. Insight Investment Shankar Athreya has been appointed head [...]
London Bus strikes: Unite union hints at more chaos for commuters January 13, 2015 Londoners face more commuting chaos over the coming weeks if the union representing bus drivers fails to get operators to come to the negotiating table. Members of the Unite union at 18 bus companies walked out for a 24-hour strike yesterday over pay and conditions, causing chaos for passengers. Transport for London (TfL) said about [...]
Virgin Money share price jumps as underlying profit more than doubles after IPO March 5, 2015 The figures Shares in recently-listed challenger bank Virgin Money rose almost five per cent in late morning trading, after it posted figures showing full-year underlying pre-tax profit soared 127 per cent thanks to its swelling mortgage loan book. The challenger bank, which floated in November, said underlying pre-tax profit was £121m in 2014, up from [...]
City Moves for 06 February 2015 | Who’s switching jobs February 5, 2015 Warburg Pincus Rene Obermann is joining the global private equity firm as managing director and partner. Obermann was chief executive of Deutsche Telekom from 2006 to 2013, and was most recently chief executive of Ziggo NV. He will be based at the firm’s London office. Hay Group The management consultancy has appointed Jim Tapper as [...]
Regulatory mistakes cannot be avoided completely, MP Andrea Leadsom admits January 7, 2015 Financial services firms cannot be sure that the regulator will not make mistakes similar to the mishandled media leak which sent insurance stocks plunging last year, a Treasury minister admitted yesterday. Andrea Leadsom, the economic secretary and City minister, stated: “We would all hope that something like that wouldn’t happen again. But it shows that [...]
Which London street is the most expensive to live on? Belgravia beats Kensington and Chelsea December 12, 2014 Grosvenor Crescent, near Buckingham Palace, has been named London's most expensive street to live on, according to new research by Lloyds Bank. Home buyers who want to live in one of the prestigious crescent's white Georgian townhouses will, on average, have to shell out a whopping £16.9m. It's located in high-end Belgravia, one of the wealthiest [...]
City Moves for 15 January 2015 | Who’s switching jobs January 14, 2015 Lloyds Bank Lloyds Bank Commercial Banking has appointed Allen Appen as head of financial institutions capital and asset backed solutions. He joins from Barclays, where he was most recently head of financial institutions capital markets for Europe, the Middle East and Africa. Mole Valley Asset Management The investment management firm has appointed Andrew Holder as [...]