Riot and looting damage will cost UK well over £100m, insurers say August 9, 2011 RIOTS across London and other UK cities over the past four days caused “well over £100m” of damage to property and businesses, the insurance industry said yesterday. As residents and business owners across the capital and cities such as Birmingham, Leeds and Nottingham counted the cost of days of wrecking and looting, insurers raised their [...]
CITY MOVES | WHO’S SWITCHING JOBS July 31, 2011 Age UK Enterprises The commercial services arm of Charity Age UK has hired Ashley Smalley as strategy director, working alongside Gordon Morris, managing director of AGE UK Enterprises. Smalley will be responsible for meeting the division’s growth targets for profit and customer numbers. His previous roles include head of strategy at Aviva Europe, head of [...]
CITY MOVES | WHO’S SWITCHING JOBS August 30, 2011 HSBC Private Bank HSBC Private Bank has appointed Katharine Brace as associate director on the media and entertainment team. Brace, who will report to Nick Price, managing director and global head of the media and entertainment group, joins from Barclays Wealth, where she was a vice president in the sports, media and entertainment team. Prior [...]
Banks rally on hope of action to fix the Eurozone debt crisis September 26, 2011 AFTER a tumultuous session, strong financials hauled Britain’s top shares into positive territory yesterday as investors, spurred by hopes for decisive action to deal with the Eurozone debt crisis, sought out bargains in the beaten-down sector. The UK benchmark ended up 22.56 points, or 0.5 per cent, at 5,089.37, having vacillated sharply between positive and [...]
CITY MOVES | WHO’S SWITCHING JOBS August 25, 2011 Berenberg Bank The private bank has strengthened its new London private banking operation, launched in January, by appointing Max White as a director to focus on clients in the Channel Islands, the Isle of Man and the North West. White (pictured) joins from Morgan Stanley, where he spent eight years in the private wealth management [...]
CITY MOVES | WHO’S SWITCHING JOBS August 25, 2011 Berenberg Bank The private bank has strengthened its new London private banking operation, launched in January, by appointing Max White as a director to focus on clients in the Channel Islands, the Isle of Man and the North West. White (pictured) joins from Morgan Stanley, where he spent eight years in the private wealth management [...]
Insurance stocks jitter as Goldman reviews ratings June 28, 2011 SHARES in the UK’s biggest life insurers moved significantly yesterday after stockbroker Goldman Sachs published a review of the companies’ ratings. Its analysis concluded that a massive upswing in demand for financial protection would not benefit listed life insurers as new alternatives such as the government-sponsored National Employment Savings Trust would grab market share. “Worryingly, [...]
FTSE commodities drop on fear over Fed announcement September 21, 2011 BRITAIN’S top shares dropped back yesterday, led by weakness in commodity issues as investors nervously awaited the outcome of a US Federal Reserve meeting with expectations for further economic stimulus seen as already discounted. The FTSE 100 closed down 75.30 points, or 1.4 per cent at 5,288.41, retreating after a two per cent bounce on [...]
CITY MOVES | WHO’S SWITCHING JOBS June 19, 2011 Co-operative Bank The Co-operative Bank has appointed Richard France (left) and Chris Wilson to lead the Corporate and Business Relationship Banking team and the Corporate Banking Specialist Sectors operations respectively. France was previously head of the Bank’s nationwide corporate banking centres and Wilson led the firm’s Commercial Real Estate, Public Sector and Treasury Sales activities. [...]
RECLUSIVE TYCOONS VIEW €35M SHOW BOAT September 5, 2011 WHAT TO do when there are simply no luxury yachts on the market you want to buy? Easy – start your own yacht business and build your own, as Richard Beattie did when he discovered an alarming lack of “contemporary 21st-century superyachts” for sale. “I fully expected to just go and buy one I liked, [...]