Tesco share price edges down as investors prepare new legal claim over profits mis-statement March 24, 2015 Tesco's share price fell 0.5 per cent this morning as it emerged a group of investors were preparing a legal challenge for compensation over its profits mis-statement. The shareholders have hired a litigation specialist to seek compensation following a fall in the company's share price after management revealed a £250m black hole in its profits, [...]
City Moves for 13 April 2015 | Who’s switching jobs April 12, 2015 Cunningham Lindsey The claims management and third party administration services provider has appointed Mark Thompson as global head of major and complex loss, and chief executive of Cunningham Lindsey International. He has over 20 years’ experience managing loss adjusting and insurance forensic accounting. LME The London Metal Exchange has appointed Andrew Dodsworth as head of [...]
City Moves for 10 April 2015 | Who’s switching jobs April 9, 2015 Payne Hicks Beach Kathryn Bradbury has been appointed partner in the law firm’s private client department. She specialises in immigration, and joins from Gherson. Bradbury has particular expertise in EU free movement cases, and has also worked at the Legal Aid Agency. Peel Hunt The corporate broking, advisory and trading house has announced two senior [...]
Tesco: Here’s what the City and analysts are saying about record annual losses April 22, 2015 As the details of Tesco's losses and its turnaround plans sink in around the City, here's the initial take from analysts, business experts and even the man funding shareholder litigation against Tesco over the profit overstatement last year that triggered it all. Louise Cooper, CooperCity – "Tesco is like Miliband – it has two kitchen [...]
City Moves for 20 February 2015 | Who’s switching jobs February 19, 2015 Hausfeld The law firm has appointed Ed Coulson (pictured) as partner in its London office. He joins from Berwin Leighton Paisner (BLP), where he worked on complex competition and commercial litigation. His appointment follows that of James Henson, who joined in January from BLP, and Shirley Clarke, who recently joined Hausfeld’s financial services litigation practice [...]
City Moves for 26 March 2015 | Who’s switching jobs March 25, 2015 London Capital Group The online trading firm has appointed Charles-Henri Sabet (pictured) as chief executive. He was previously executive chairman of the company, and joined the board in September 2014. Charles Poncet has been appointed non-executive chairman. He was a non-executive director of the firm. Old Mutual Global Investors The asset management firm has appointed [...]
UBS’ investment bank roars back with deal successes and soaring profits May 5, 2015 If you believe everything US investment bankers tell you, it is only a matter of time before a handful of American giants rule the world, and Europe’s challengers crumble into the dust. You can see why they are so confident, with Britain splitting its would-be universal banks with a ring-fence, and a series of [...]
City Moves for 09 January 2015 | Who’s switching jobs January 8, 2015 Savills Matt McCue has been appointed out of town retail director at the real estate services provider. He has over 17 years’ experience in the industry, and joins from CBRE. He will continue to work with both landlord and retail clients at Savills. BNY Mellon The investment company’s wealth management business has appointed Yolande Escher [...]
BP share price rises, despite profit slumping as oil price slide takes its toll February 3, 2015 BP's share price opened up this morning after the oil and gas giant reported better than expected results for the year. The numbers The oil price fall has been taking its toll. Underlying profits in the final three months of 2014 were down 20 per cent on a year earlier at $2.2bn (£1.5bn). Including [...]
City Moves for 28 November 2014 | Who’s switching jobs November 27, 2014 RPC The law firm has announced the appointment of Anna Cook as a senior litigation partner. She joins from Radiant Law, the technology and outsourcing boutique, where she set up its dispute resolution team in 2012. Cook was also formerly a partner at Wedlake Bell. Kleinwort Benson Andrew Shiels has been appointed global chief risk [...]