What the other papers say this morning – 20 February 2014 February 19, 2014 FINANCIAL TIMES ‘Boomer bulge’ hits US jobs data The drop in the percentage of Americans at work in recent years is often cast as a story about the long-term unemployed who give up trying to find jobs. But declining workforce participation rates, which have sharply reduced headline unemployment calculations in the world’s largest economy, could [...]
Barclays cuts up to 400 jobs in investment January 28, 2014 HUNDREDS of investment bankers at Barclays will lose their jobs as the bank maintains its focus on costs, it emerged yesterday. The axe is likely to fall on poor performers in centres including London and New York, while staff also face a crackdown on travel as the bank tries to control costs. Employees will no [...]
Major rail firms fail to impress UK commuters February 17, 2014 FED-UP passengers have hit out at delays, fare rises and cramped carriages in a national poll that found most rail companies are keeping less than half of their customers happy. Around 16 per cent of passengers suffered delays on their last journey, rising to 26 per cent for commuters, while one in five people travelling [...]
City Moves for 20 February 2014 | Who’s switching jobs February 19, 2014 Santander Corporate & Commercial Andrew Whelan has been appointed managing director for regional real estate finance at Santander Corporate & Commercial. He joined in 2010 from Bank of Ireland, and has previously held roles at Barclays. Aldermore Asset Finance The challenger bank has made three appointments to its asset finance team. Carey Hansford joins as a business [...]
How Martin Gilbert is poised to challenge the US giants February 2, 2014 A painful experience in the past has helped Aberdeen Asset Management build for the future. Its CEO tells David Hellier how his latest deal can be a catalyst for US expansion WHEN Martin Gilbert and his board first discussed the acquisition of Scottish Widows Investment Partnership (SWIP) from Lloyds last March, they turned the deal [...]
Farage: Women are worth less to City bosses January 20, 2014 WOMEN who take time off to have children are “worth less” to City bosses than their male colleagues, Ukip leader Nigel Farage has said. Speaking at a conference on Europe, Farage said he didn’t believe there was any discrimination against women in the City, singling out banks, brokerage houses and Lloyd’s of London as good [...]
Overseas investment in London property to hit pre-crisis levels January 13, 2014 OVERSEAS investment in London’s property market could top pre-recession levels by the end of this year, boosted by an influx of spending from Asian buyers. According to figures released today by law firm Mayer Brown, Asian investors doubled their investment in the central London market to £5.8bn last year, up from £2.91bn the previous year. [...]
Smashing through the glass elevator December 16, 2013 Inga Beale will be first female chief executive of 325-year-old Lloyd’s of London market LLOYD’S of London yesterday appointed Inga Beale as its new chief executive – the first woman to be given the role in the insurance market’s 325 year history. Beale will take over from Richard Ward in the New Year, and joins [...]
Inside Track: Rothschild shows independent advisers are on a roll February 13, 2014 AT THE top of Rothschild’s impressive and relatively newly-built London headquarters, a modern building set in the 17th century St Swithin’s Lane in the heart of the City, is an auditorium which the firm’s bankers use to host what are known as kick-off meetings for the flotations they’re working on. Over the past few months, [...]
Meet captain Penn, boss of the Baltic Exchange March 10, 2014 With the City sailing through choppy waters, the Baltic Exchange’s boss tells Julian Harris how the shipping industry can lead the way LIBOR-FIDDLING, insider trading, insurance mis-selling, bailout-grabbing… it hasn’t been the best of times for the City’s reputation, of late. Meanwhile, throughout the world, packs of regulators and politicians continue to circle around the [...]