City Moves for 20 July 2016 | Who’s switching jobs July 20, 2016 Coople Coople, the on-demand staffing platform, has appointed Jacques de la Bouillerie as its new UK managing director. Jacques joins Coople with over 15 years’ extensive experience with business transformation and leadership in companies at various stages of development, ranging from very early stage through to fast growing to maturity. He was previously heading up [...]
Private equity boss predicts autumn M&A activity boost for City of London July 27, 2016 The chief executive of private equity firm 3i expects the City to experience a pick-up in mergers and acquisitions (M&A) activity after the summer. The company’s share price was up more than two per cent to 624p on Wednesday after it reported a “solid start” to the 2016/17 year in the three months to 30 [...]
No IPO for Snapchat yet with new funding instead May 26, 2016 Messaging app of the moment Snapchat is now worth even more than everyone thought after it disclosed more than a billion dollars of new investment. The five-year old startup which has previously revealed plans for an eventual IPO, is staying private for now, having raised $1.8bn (£1.2bn) in a series F round of funding official documents filed with SEC revealed [...]
Lloyds Bank leads the London financial sector in British LGBT Awards May 15, 2016 Bravo to bankers at Lloyds – the firm has been crowned the top employer for promoting diversity in this year's LGBT Awards. Lloyds Banking Group, which has a professional LGBT Network of over 3000, was named LGBT Network Group of the Year. The bank saw off stiff competition from the likes of Tesco and PwC. Dubbed [...]
BlackRock buys PwC offices in Uxbridge from Aviva for £59m August 25, 2015 FUND manager BlackRock said yesterday that it has bought an office building in west London for £55.9m from Aviva Investors. The Atrium in Uxbridge is a 138,000 square feet (sq ft) office block let to companies including American oil and gas firm Anadarko and accountants PwC. Blackrock said the deal offers a net initial yield [...]
Wetherspoon’s boss: Everyone cheer up about Brexit July 13, 2016 All this doom-mongering has become too much for Wetherspoon's boss Tim Martin, who finally came out and said it this morning: everyone needs to cheer up about Brexit. Martin, who in the run-up to the referendum was so passionately pro-Brexit he had special beermats printed, hit back at "unprecedented and irresponsible doom-mongering", warning that all [...]
Just when you thought you’d had enough – Brexiting Britpopper and former Ukip candidate Mandy Boylett releases second single supporting Vote Leave June 13, 2016 "Telling Mr Juncker you'll be kissing my *ss." Back in February, former Ukip candidate Mandy Boylett took the Leave campaign by storm when she released a pro-Brexit music video taking inspiration from Britpoppers the Spice Girls. Now, the 52 year old who brought you Britain's Coming Home (lyrics included: “David Cameron, tell me what’s wrong? Your MPs don’t really want you" [...]
IP-no, not yet: Businesses may be putting flotation plans on hold after Brexit vote June 27, 2016 Companies are expected to put flotation plans on hold after the UK voted for Brexit, according to a report out today. Accountancy firm EY expects activity on London’s initial public offerings (IPO) market to come to a near-standstill after the UK voted to leave the EU. Read more: What Brexit means for the UK's IPO [...]
US drug companies are hiring their own auditors to review compliance following civil violations, raising conflict of interest fears June 2, 2016 Some of the US' biggest drug companies have been found to be hiring their existing auditors to carry out compliance reviews, creating a potential conflict of interest. The compliance reviews are a part of government settlements over alleged civil violations, such as off-label drug promotion or paying kickbacks. Federal records revealing the practise were uncovered by [...]
A rate cut could wipe £1.4bn off operating profits at the UK’s top banks August 4, 2016 Profits will be decimated at the UK’s top banks if, as widely expected, the Bank of England cuts interest rates to a historic low of 0.25 per cent today. New analysis by the banking practice of consultants Simon-Kucher and Partners predicts that lower rates would wipe £1.4bn off the operating profits at the UK’s top [...]