London Report: Two-month low for FTSE as Iraq jitters hit home June 25, 2014 UK shares yesterday hit their lowest level in two months, as spiralling violence in Iraq scared off investors. The FTSE 100 index closed down 0.8 per cent at 6,733.62 points – its lowest close since 28 April, while Europe’s FTSEurofirst 300 shed one per cent. Security forces are fighting rebels for control of Iraq’s biggest [...]
Don’t worry – despite the name shame, Salesforce Tower’s in pretty good company May 27, 2014 Hardly a day goes by when one of London’s newest skyscrapers isn’t making headlines and this week it’s the artist formerly known as Heron Tower. Last week it emerged that the building, on the City’s Bishopsgate, had signed a deal welcoming a new (and largest) tenant, American CRM giant, Salesforce. As part of the [...]
City Moves for 27 May 2014 | Who’s switching jobs May 27, 2014 Strategy& London Strategy&, the management consulting firm and part of PwC, has announced the appointment of James Walker as a partner for leading demand analytics in Europe. He has over 25 years’ analytics experience in marketing consulting, technology, and big data analytics. Walker was most recently at Prophet, where he created its data and analytics [...]
Brit opts for UK return after its four-year exile March 31, 2014 BRIT, the Lloyd’s of London insurer that has just listed on the stock market, has moved its headquarters back to London from the Netherlands in a boost to the Treasury’s plans to attract more companies to the UK. “The group’s focus on the Lloyd’s market, together with the UK’s positive approach to the insurance sector, [...]
London leading Britain’s GDP growth comeback April 14, 2014 EVERY region in the UK is growing strongly, with London the driving force, an influential survey published by Lloyds shows today. Sustained growth across the country is driven by rising demand as consumers order more output from businesses. And as a result, the study found firms are hiring more staff which should in turn support [...]
World’s most influential women at the Rosewood Hotel June 24, 2014 Some of the world’s most influential women descended on Holborn yesterday for the Fortune Most Powerful Women Conference in the Rosewood Hotel. Theresa May’s partially unexplained absence (due to a mystery scheduling conflict) did little to diminish the high level of inspiring chat. Facebook’s Europe Middle East and Asia vice-president Nicola Mendelsohn touched on the [...]
London house price surge to slow after frenzied year April 28, 2014 LONDON house prices could rise more moderately in the months ahead after a manic year of double digit growth, new evidence today suggests. The latest report from Hometrack shows that the amount of time that the average London house spends on the market has risen from 2.7 to 3.4 weeks between March and April. The [...]
City Moves for 22 May 2014 | Who’s switching jobs May 21, 2014 Marsh The insurance company has appointed David Bramall as head of placement in its national corporate practice. He joined in 2008 as a casualty broker from Willis, where he was also a casualty broker. Lloyds Bank The bank has announced the appointment of Nigel Brady as a director for sterling financials trading in its commercial [...]
Boris follows Cameron to the Two Cities lunch April 15, 2014 PUNDITS watching to see if Boris Johnson will try to return to parliament and run in the next election might be pricking their ears at the news from the Two Cities Conservative fundraiser. Following David Cameron’s guest appearance at last year’s do, Boris Johnson has been revealed as this year’s guest and by all accounts, [...]
Brit calls on Lloyd’s of London to do more for speciality insurers August 1, 2013 BRIT Insurance, the sponsor of the England and Wales cricket team, yesterday said the new Lloyd’s of London boss must make the market into “a more efficient machine”. Brit chief executive Mark Cloutier told City A.M. that Lloyd’s must make a renewed effort to “help deal with the cost of underwriting” in the historic market. [...]