CITY MOVES WHO’S SWITCHING JOBS April 16, 2012 Fleming Family & Partners The private equity firm has appointed two new investment directors. Llewellyn John joins from Nova Capital Management, where he was associate partner. He previously worked at Deloitte from 1999 to 2006, and reached the position of assistant director within corporate finance. Dan Walker has been promoted to investment director, following four [...]
We need a fresh approach to risk July 17, 2012 IN LATE June, beginning of July, someone pressed the emergency malfunction switch again for the UK’s banks. The reputational fallout has been toxic. Even Mervyn King, the governor of the Bank of England said: “[something] went very wrong with the UK banking industry and we need to put it right.” In just two short weeks, [...]
CITY MOVES | WHO’S SWITCHING JOBS March 25, 2012 Coutts Jennifer Mathias has been appointed chief financial officer of the wealth division of the Royal Bank of Scotland, with immediate effect. Mathias joins from Lloyds Banking Group, where she was finance director of the corporate banking division. She will report to Fiona Davis, finance director for retail and wealth within the Royal Bank of [...]
CITY MOVES | WHO’S SWITCHING JOBS March 25, 2012 Coutts Jennifer Mathias has been appointed chief financial officer of the wealth division of the Royal Bank of Scotland, with immediate effect. Mathias joins from Lloyds Banking Group, where she was finance director of the corporate banking division. She will report to Fiona Davis, finance director for retail and wealth within the Royal Bank of [...]
UK should sell off bank stakes April 4, 2012 BRITAIN must sell its Royal Bank of Scotland and Lloyds stakes as soon as possible because keeping them is allowing politicians to gamble with people’s money on bank shares, according to a lobby group representing taxpayers. “Clearly the best outcome for taxpayers would be if we don’t make a loss on those shares, but we [...]
UK market’s euphoria over Greek vote is short-lived as crisis lingers June 18, 2012 UK equities closed slightly higher yesterday, slipping off one-month highs as initial euphoria after Greek elections reduced the chances of an imminent euro exit quickly gave way to the realisation that the region’s crisis is still far from resolved. Greek conservatives secured a narrow victory over the radical left at the weekend, increasing the likelihood [...]
Clinton Cards collapses into administration May 9, 2012 CLINTON CARDS, the UK’s largest specialist greeting cards retailer, has been placed into administration by its largest supplier, putting more than 8,000 jobs at risk. Restructuring firm Zolfo Cooper were called in as administrators yesterday after Clinton’s banks, Royal Bank of Scotland and Barclays, sold the company’s £35m of loans to US card retailer American [...]
RBS on road to recovery as profit rises May 4, 2012 State-backed Royal Bank of Scotland said it was on the path to recovery as it reported a better-than-expected first-quarter operating profit and a big reduction in its balance sheet. RBS, which is 82 per cent owned by the government after being rescued during the 2008 financial crisis, on Friday reported a first quarter operating profit [...]
Hands promises not to rock the boat at £825m Four Seasons April 30, 2012 GUY Hands’ private equity house has sealed a long-awaited deal to buy Four Seasons Health Care in a deal worth £825m. Terra Firma will take a large majority stake in the market leading care home operator, which has around 24,000 beds. Four Seasons had been trading profitably but needed to refinance its £780m of debt [...]
FTSE dips in April as euro debts sap confidence April 30, 2012 BRITAIN’S top share index snapped a four-session winning streak yesterday and ended lower for the month of April, with Man Group and SSE falling on earnings worries as Europe’s debt crisis rumbles on. The FTSE closed off 39.33 points, or 0.7 per cent lower at 5,737.78, and ended April down 0.5 per cent as concerns [...]