Kent Reliance is back in £600m OneSavings IPO May 7, 2014 ONESAVINGS Bank is floating on the main London market, the private equity-backed lender said yesterday, with an expected value of £500m to £600m. Investor JC Flowers took a major stake in the Kent Reliance Building Society in a recapitalisation deal in 2010, restructuring and renaming the firm. It hopes OneSavings’ range of specialist lending brands, [...]
City Moves for 03 April 2014 | Who’s switching jobs April 2, 2014 Waverton Investment Management The investment management firm has appointed Ian Enslin to its charities team. He joins from Newton Asset Management, and has previously worked at Barings, Invesco and Norwich Union. City Financial The asset management business has hired Mark Pearson as marketing director. He was formerly head of investment strategy and communications at Aegon [...]
City investment boss promises to keep more work in Britain April 1, 2014 GOVERNMENT action to promote business and investment in the UK will be co-ordinated more closely by an agency set up yesterday, headed by insurance boss Sue Langley. The Financial Services Office, part of UK Trade and Investment, aims to encourage firms to keep jobs in the UK instead of off-shoring roles. Langley also hopes to make [...]
Osborne makes pitch for Brazilian exports with funding pledges April 7, 2014 THE CHANCELLOR George Osborne is seeking to win big export contracts for the UK in Brazil, during a trade visit to the country this week. In a speech in Rio de Janeiro yesterday Osborne praised the historic links between the two countries and announced a raft of measures designed to boost trade and help British [...]
It is high time voters were given the right to recall their MPs June 3, 2014 WE SHALL soon find out whether the coalition is serious about introducing a right of recall for Members of Parliament. The whole concept is revolutionary; embracing it in a proper way would transform British politics forever and help re-establish the bond between voters and those they elect to represent them. The basic idea is simple: [...]
Hawks circle as economy booms May 11, 2014 THE BANK of England is facing growing pressure to reconsider its cheap money policies after another set of business surveys will today point to strong growth across the economy. The Confederation of British Industry (CBI) said this morning it now sees the economy growing by three per cent this year, up from its forecast of [...]
What you need to know before the open March 26, 2014 The rebound seen in European markets yesterday is expected to continue today, as investors set aside worries over the Ukraine-Russia situation, focusing on some pretty reasonable data from Germany and the US. The upbeat data buoyed Asian shares, which hit two week highs in Wednesday trading. Two further developments yesterday helped give markets a boost. [...]
Consumer recovery heating up May 21, 2014 Retail sales jump by 6.9 per cent in April – the fastest year-on-year growth in a decade Mortgage lending rises by 36 per cent as Britons say they feel more secure in their jobs But policymakers at the Bank of England still voted unanimously to keep interest rates low INTEREST rates are not expected to go [...]
Consumer recovery heating up May 21, 2014 Retail sales jump by 6.9 per cent in April – the fastest year-on-year growth in a decade Mortgage lending rises by 36 per cent as Britons say they feel more secure in their jobs But policymakers at the Bank of England still voted unanimously to keep interest rates low INTEREST rates are not expected to go [...]
Why this pawnbroker’s shares are now worth nothing March 24, 2014 Troubled pawnbroker Albemarle & Bond requested its shares be suspended from trading on London's Alternative Investment Market (AIM). The company made the announcement after its lenders said they would not be able to support the management turnaround plan for the business. However, Albemarle & Bond insisted that the company's options remained open, including the sale [...]