City Moves for 06 May 2014 | Who’s switching jobs May 5, 2014 Squire Sanders The law firm has hired Mark Gleeson, formerly head of the data and information practice at Addleshaw Goddard, as a partner in the firm’s global intellectual property and technology practice. Gleeson, formerly head of data protection for Barclaycard, has more than 15 years’ experience within the financial services industry, including time at consulting [...]
Championship: Austin’s double sends QPR into Wembley final May 12, 2014 QUEENS PARK RANGERS 2 WIGAN ATHLETIC 1 QPR WIN 2-1 ON AGGREGATE QUEENS Park Rangers midfielder Joey Barton hailed the team’s “band of brothers” after they stayed on course for an immediate return to the Premier League – and an £80m windfall – last night. Striker Charlie Austin struck twice, including an extra-time winner, as [...]
UK companies using alternative lenders spikes in fourth quarter February 23, 2014 COMPANIES in the UK and Europe are increasingly securing debt from alternative lenders, as they look for greater flexibility than traditional bank loans, according to new research released today. Alternative lenders made 56 deals in the UK and Europe in the final quarter of last year, compared to 18 in the first quarter, said a [...]
Funding for UK export finance scheme hiked in focus on trade March 19, 2014 UK EXPORT Finance’s lending scheme will be doubled to £3bn and made permanent, as part of a Budget emphasis on trade. The Treasury announced that it would enhance the policy by allowing the loans to be extended at the lowest interest rates that are legally possible. The Budget changes also double the size of the global [...]
Deloitte warns serious misconduct ruling could damage financial advisory industry July 29, 2013 Big four accountancy firm Deloitte has warned that a Financial Reporting Council (FRC) tribunal ruling it engaged in serious misconduct when it advised the owners of MG Rover in 2000 over two transactions could damage the financial advisory industry. City A.M. understands that Deloitte will make an interim payment of £1.75m, with the final figure [...]
All’s well that ends Pharrell March 19, 2014 IT APPEARS choirmaster Gareth Malone and his financial songbirds from Citi, as featured in BBC’s The Choir, aren’t the only ones to find their voice in the City. A group of singers from law firm Norton Rose Fulbright have been revealed as the winners of ‘Office Choir of the Year’ beating off tough competition from BNP [...]
Death of the text message as Brits become app happy January 13, 2014 CHANGING consumer habits mean than while more than 1.2bn messages are being sent each day on UK mobile phones, in 2014 just 32 per cent of these will be sent by traditional text messages, also known as SMS. Despite this sea change in consumer behaviour, boosting the use of mobile apps like WhatsApp and Viber, [...]
Derwent assets soar in value February 27, 2014 Derwent London said its net asset value leapt by almost a quarter last year after agreeing a record £21.8m of lettings as companies flocked to take up space in its buildings. Net asset value soared by 23.6 per cent to £2.37bn in 2013. The developer said its office scheme the Buckley Building in Farringdon are [...]
MPs want more data to be open to the public March 17, 2014 PUBLIC data gathered by the government should be made public whenever possible in the name of transparency, MPs said today. Data sets such as the Postcode Address File that was privatised along with the Royal Mail should be considered a national asset and made freely available, the House of Commons public administration select committee (PASC) [...]
Brighter outlook for companies as restructuring predicted to fall February 2, 2014 MORE than three quarters of lenders believe company restructurings will fall or level off this year, as the difficult environment for struggling companies starts to ease, a fresh poll out today says. The figures from Deloitte shows 52 per cent of lenders think the number of restructurings will fall over 2014 while 24 per cent [...]