City Moves for 6 October 2015 | Who’s switching jobs October 5, 2015 ETF SECURITIES The provider of exchange traded products has appointed James Butterfill as head of research & investment strategy. Based in London, he will report direct to Mark Weeks, the firm’s chief executive officer. Prior to joining ETF Securities, Butterfill worked at HSBC, and most recently at Coutts, as a multi-asset fund manager and global [...]
Best of the Brokers for 04 August 2015 August 4, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BG GROUP Canaccord Genuity reiterated its “hold” rating on the oil company after it produced better-than-expected results for the second quarter. The broker also noted that the firm’s strong performance sees production guidance for the full year set at the upper end of [...]
UK plastics firm RPC Group buys Icelandic rival Promens for €386m November 27, 2014 British plastic packaging manufacturer RPC Group announced yesterday it was set to buy Icelandic rival Promens Group for €386m (£307m). The Northamptonshire-based firm is looking to partially fund the deal by raising £200m in a fully underwritten one-for-three rights issue at £320m. The remainder will come from RPC’s existing revolving credit facility, which the [...]
HMRC pays out its highest ever amount to tax whistleblowers June 14, 2015 HMRC paid a record amount to tax informants in the year ending 31 March, City law firm RPC said today. The state tax collector paid out £605,000, up 50 per cent on the previous year. Experts suggest it is because of increased awareness of the rewards available for information. “HMRC does not widely publicise the [...]
Best of the Brokers for 2 July 2015 July 1, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com LAMPRELL Numis reiterated its “buy” recommendation on the oil rig construction specialist, following its contract award update. The broker previously highlighted four material contracts that the firm was bidding on, and it has since won the contract Numis believed it was least likely [...]
City Moves for 17 June 2015 | Who’s switching jobs June 16, 2015 CRUX Asset Management The fund manager has appointed Karen Zachary as chief operating officer. She has 20 years’ experience in asset management, and has held positions at Henderson Global Investors, Man Group, Fidelity International and New Star Asset Management. EY Chris Gould has been appointed partner and head of the professional services firm’s cybercrime team [...]
Commercial property investment reaches highest post-crash level February 1, 2015 MORE investors are putting money into commercial property, city law firm RPC said today. According to the firm’s analysis of official figures, private investment in commercial property climbed from £5.8bn in 2012 to £6.6bn in 2013 – a 14 per cent increase. Financial institutions’ property deals a jumped to £7.4bn in 2013 from £6bn in [...]
Regulation watchdog confirms savings of £2.2bn as a result of slashing red tape December 30, 2014 The Regulatory Policy Committee (RPC) verified over £2bn of savings for British business as a result of cuts in red tape. The government's regulation watchdog said over the past six months the savings had been made within the scope of the government's one-in, two-out rule where if one regulation is introduced two are scrapped. Today's [...]
City Moves for 16 April 2015 | Who’s switching jobs April 15, 2015 Ashurst The law firm has appointed Sarah Morton-Ramwell as global pro bono partner. She joins from Reed Smith, where she was responsible for its pro bono and corporate responsibility projects in Europe, the Middle East and Africa. Old Mutual Global Investors The asset management firm has appointed David Cameron-Mowat as UK equity analyst. He joins [...]
City Moves for 12 March 2015 | Who’s switching jobs March 11, 2015 Edmond de Rothschild Olivier Colom has been appointed head of the private banking and asset management group’s new General Secretariat, responsible for ensuring the Executive Committee’s decisions are implemented. He joined Edmond de Rothschild in 2013 as an international adviser, and has previously served as an adviser to the President of France and in various [...]