Network Rail to open click and collect shops December 2, 2013 COMMUTERS will be offered the chance to pick up their parcels from the train station as part of a trial being run by Network Rail. The rail operator announced today that it will soon open the prototype branch of Doddle, its new delivery shop, in Milton Keynes Central. Visitors to the station, including around 3,000 [...]
City Moves for 12 December 2013 | Who’s switching jobs December 11, 2013 Orchard Street The commercial property investment manager has hired Philip Gadsden as managing partner. He was formerly international director at LaSalle Investment Management, and deputy chief executive at Invista Real Estate Investment Management. Allen & Overy The law firm has appointed Stephen Lloyd as a private equity partner in its London corporate group. He was previously [...]
City Moves for 20 December 2013 | Who’s switching jobs December 19, 2013 Herbert Smith Freehills The law firm has announced the appointments of Sonya Leydecker (right) and Mark Rigotti as joint chief executives. Leydecker joined the firm in 1984 and was promoted to partner in 1991. Rigotti joined in 1988, and has since held senior roles including head of banking and head of corporate. KPMG The professional [...]
What the other papers say this morning – 09 December 2013 December 9, 2013 FINANCIAL TIMES HSBC eyes listing of £20bn UK bank HSBC has sounded out investors about a flotation of its UK arm, in a move that would realise value from its high street banking business and address regulatory pressures. The bank has in recent weeks asked investors whether they would support the sale of a sizeable [...]
Catlin tops list of best known underwriters October 7, 2013 CATLIN is the best known underwriter among London insurance brokers, according to research released yesterday. The poll of 450 brokers by consultancy firm Gracechurch also found that being a member of the Lloyd’s of London market is now less important when it comes to insurers engaging with brokers. Insurers that operate outside the Lloyd’s system [...]
Caravan park operator sold by private equity owners for £170m November 12, 2013 THE SOUTH east’s largest operator of caravan parks, Park Holidays, was sold by its private equity backers yesterday to London-listed fund Caledonia Investments. Graphite Capital, which owns London’s Hawksmoor restaurant chain, sold the company for £172m, after overseeing it for seven years following a purchase in 2006. The deal is notable because Caledonia’s buy is [...]
Businesses calling for action sooner December 17, 2013 BUSINESSES have renewed their call for faster action on airport expansion as the coalition pledged to wait for the final results of the Davies Commission in 2015 before starting to work on a new runway. “[A]s the business community knows from experience, our airports simply don’t have enough capacity. Howard Davies has done the country [...]
City Moves for 15 November 2013 | Who’s switching jobs November 14, 2013 Sullivan & Worcester The law firm has announced the hire of Mark Norris as a finance partner in its London office. He was most recently at Squire Sanders, where he was a banking and finance partner. Norris has previously held various roles at Simmons & Simmons and Clifford Chance. PwC Michael Spiteri has joined the professional services [...]
Amlin returns jump as catastrophes drop November 14, 2013 INSURANCE group Amlin is upbeat about beating its return on equity target this year thanks to strong underwriting returns and a dearth of catastrophe claims. Amlin, an underwriter in the Lloyd’s of London insurance market, said gross written premiums were flat at £2.2bn in the first nine months of the year. Meanwhile the firm’s investments, [...]
City A.M. shadow MPC votes 7-2 to hold again December 4, 2013 ALLISTER HEATH | CITY A.M. “Lift rates by 0.25 per cent. Business surveys are heating up and some economists expect one per cent GDP growth in the final quarter of the year – this is no time for emergency all-time-low interest rates. Furthermore, the situation with the housing market, expecially in London, is worrying.” GRAEME LEACH [...]