Banks brace for tax showdown: City giants warn jobs and growth are at risk from Whitehall interference September 21, 2015 Unpredictable and excessive taxes are pushing the British banking sector to the brink, according to a major new report by a leading industry body. The British Bankers’ Association (BBA) and PwC reveal that the UK banking sector contributed an estimated total of £31.3bn in taxes last year, and warn of the risk posed to [...]
Generation rent on the rise: UK private rental sector set to outstrip households with mortgages July 21, 2015 The plight of Britain’s generation of renters was laid bare this morning, as new figures showed that those in the private rental sector could outnumber mortgage-holders in a decade. City analysts say there are now 5.4m households in the UK’s private rental sector – more than double the same figure from 2001. By 2025, [...]
TSB boss Paul Pester beaten in AJ Bell London Triathlon race August 9, 2015 TSB chief Paul Pester took to the Thames in Canary Wharf over the weekend for the AJ Bell London Triathlon, but was beaten in the race by regional managers from his own bank. Throughout the year, Pester has pestered TSB colleague from across the country to join him in completing the corporate leg of [...]
Drinks giant Diageo drops KPMG for PwC as new rules come in November 11, 2014 Diageo announced yesterday that it had replaced its auditor KPMG with rival PwC, to bring it in line with new regulations compelling companies to consider changing their accountants every decade. The alcoholic drinks giant – which produces Guinness – said PwC’s appointment would take effect for Diageo’s financial year ending 30 June 2016, subject to [...]
The City needs to talk about mental health November 19, 2015 Mental health is one of the last great taboos in our society. While huge strides forward have been made when it comes to physical disability, sexuality, equality and diversity, it remains the case that too few people feel able to talk openly about their mental health. A lack of understanding, a perceived social stigma or [...]
City Moves for 07 September 2015 | Who’s switching jobs September 6, 2015 Gravis capital partners The investment adviser and manager to GCP Infrastructure Investments and GCP Student Living has announced the appointment of Nicholas Barker as co-lead fund manager to GCP Student Living. Barker was previously head of alternative real estate at Schroder Real Estate for eight years, and has many years of fund management experience across [...]
City Moves for 22 July 2015 | Who’s switching jobs July 21, 2015 Mount Anvil The property developer has appointed Adam Leach as senior development manager in its acquisition team, focusing on land-buying in central London. He joins from Berkeley Homes, and has also held roles at Generator and JLL. Oppenheimer Europe The investment bank has announced the launch of a debt capital markets and syndication business, appointing [...]
PwC, Uber and Zoopla win big at the 2014 City A.M. Awards November 13, 2014 From Legal & General boss Nigel Wilson to WPP boss Sir Martin Sorrell, you could barely move at the fifth annual City A.M. Awards – held last night at the Grange St Paul's Hotel – without bashing elbows with a few City grandees. The ceremony celebrated the brightest and best of the nation's money-makers – [...]
City Moves for 2 September 2015 | Who’s switching jobs September 1, 2015 Hausfeld Anna Morfey has been appointed partner in the litigation law firm’s European practice. She joins from Freshfields Bruckhaus Deringer, where she was a senior associate. Morfey’s practice comprises contentious and non-contentious EU and competition law. Cornerstone Real Estate Advisers Europe The real estate investment management firm has appointed Rachel Arden-Davis as director, finance and [...]
George Osborne has backed the wrong Asian emerging market horse October 25, 2015 Give him his due; George Osborne is a clever man. He has rightly seen that a becalmed EU will not provide the UK with exciting new macroeconomic avenues for growth – for that he must look eastwards. This brainwave amounts to a massive macroeconomic and geostrategic shift for Britain, and is entirely in line with [...]