City Moves for 24 September 2013 | Who’s switching jobs September 23, 2013 Rockspring The property investment company has announced the appointment of David Thomas as European director responsible for its fund accounting team. Thomas was most recently at PwC, where he spent nine years specialising in investment management and real estate. Barclays The bank has recruited Peter Horrell as chief executive of its wealth and investment management [...]
Regional firms see best ever August growth September 8, 2013 ENGLAND’S regions saw the strongest business growth ever recorded in August, as Lloyds noted robust growth around the UK, and booming firms in some areas. Purchasing managers from the north west, south east, south west and east of England all reported the strongest growth ever seen, after a raft of recent surveys and figures which [...]
Consumer confidence rises as house market upswing unfolds August 22, 2013 CONSUMER spending power hit a fresh high in July, after steady gains through the year so far, according to a survey by Lloyds TSB. Optimism about the housing market drove the improvement, with sentiment ramping up around the UK, despite remaining concerns about financial pressure. Last month, 34 per cent of people had positive opinions [...]
Bank of the year September 9, 2013 2013 may be remembered as the year the banking sector shook off the shadow of the financial crisis and really came back into its own. Profitability is up, lenders are at last overcoming tough new regulatory hurdles and a stable future could be just around the corner. Here is our pick of the top five [...]
Inside Track: Global funds still have the appetite for UK’s new issues September 26, 2013 IT’S LIKE the floodgates have opened. Dead for so long, the London new issues market is now buzzing with intentions to float, rumours of upcoming floats and talk of dual track processes where advisers start a float only to sell to a trade buyer if a better offer comes up. Yesterday there was news of [...]
Property firm Hammerson hires Sainsbury’s head as chairman January 14, 2013 DAVID Tyler, the chairman of Sainsbury’s, is to take on another FTSE 100 role, after it was announced yesterday he will replace John Nelson as chairman of property giant Hammerson. Tyler, who has also been a non-executive director at luxury group Burberry for more than a decade, will join the board with immediate effect on [...]
Osborne in denial over housing bubble September 22, 2013 London house prices are up 10pc in a year. So why does the chancellor say there’s no bubble? CHANCELLOR George Osborne has rejected suggestions that his policies are creating a housing bubble, even as new evidence emerges that prices are soaring in London. In an interview yesterday, Osborne said: “I don’t see the evidence of [...]
Lloyds of London reports £516m loss March 28, 2012 The Lloyd’s of London insurance market crashed to its second-biggest ever annual loss last year after absorbing claims from major natural catastrophes including Japan’s Tohoku earthquake and heavy floods in Thailand. Lloyd’s, which traces its origins back 324 years to a London coffee house where merchants insured ships, made a loss of £516m in 2011, [...]
Lancashire goes to Lloyd’s after insurance deal August 7, 2013 INSURER Lancashire Holdings is to belatedly join the Lloyd’s of London marketplace after buying underwriter Cathedral Capital for £266m, it was announced yesterday. The FTSE 250 insurer, which specialises in heavy-duty lines such as oil rigs, property and shipping, has resolutely ignored the London market since it was founded in 2005 but has decided to act in [...]
Mid cap stocks gain favour as UK economic optimism rises November 26, 2013 But don’t write off the more international FTSE 100 blue chips THE UK recovery has finally taken hold. But not only is growth returning, many are now more optimistic about our economic prospects compared to other advanced nations. Last week, the OECD revised down its 2013 global growth forecasts to 2.7 per cent from 3.1 [...]