CITY MOVES WHO’S SWITCHING JOBS June 10, 2012 Vestra Wealth Management David Campbell (right) has been appointed managing partner at the London and Jersey-based wealth management firm. He was most recently at Deutsche Bank, where he ran its UK private wealth management division. Campbell also served as managing director and head of fixed income at both JP Morgan and Deutsche Bank. M&G Investments [...]
Private sector keeps growing across England May 13, 2012 ECONOMIC growth slowed across the UK in April, according to survey data out today, though London continued to expand strongly. The capital’s solid growth pushed up employment, Lloyds and Markit’s purchasing managers’ index (PMI) revealed, though the rate of jobs growth stayed low in the rest of the country. London firms registered a PMI of [...]
Former Lloyds anti-fraud boss on £2.5m false expenses charge May 25, 2012 The former head of digital banking fraud and security at state-backed Lloyds bank has been charged with defrauding her employer by submitting £2.5m worth of false expense claims. Crown Prosecution Service (CPS) says it has authorised the Metropolitan Police to charge Jessica Harper with one count of fraud by abuse of position. The CPS said [...]
ENTREPRENEURS NEWS | IN BRIEF October 9, 2011 ONLINE TRADERS HAVE DOUBLED The number of people earning a second income by trading online has doubled in the last year. A survey by Collect Plus, a parcel delivery and returns service, dubs these online entrepreneurs “e-pportunists”, finding that a third of them earn over £10,000 a year. Over half (59 per cent) of those [...]
FUND MANAGER OF THE YEAR July 30, 2012 Our fund manager of the year award, sponsored by S&P Capital IQ, will go to a company or individual who has demonstrated strong performance or has taken a headline-grabbing stance during a high-profile corporate issue. Well-judged deals against a complex economic backdrop, a commitment to shareholder activism or a canny ability to weather the near-constant [...]
Jardine Matheson pays £166m to up JLT stake September 16, 2011 SHARES in insurance broker Jardine Lloyd Thompson (JLT) jumped more than seven per cent yesterday after one of its biggest shareholders paid £166m to increase its stake. Conglomerate Jardine Matheson will buy an additional ten per cent of JLT, upping its stake to 40.4 per cent of the fast-growing broker. The two companies said the [...]
Insurer Hiscox says premiums remain stable May 8, 2012 FTSE 250 insurer Hiscox yesterday announced a slight decline in premiums written during the first three months of the year to £450.7m, down from £453.5m for the same period last year. But after the firm suffered from substantial claims during the last two years investors will be pleased to hear that the quarter has been [...]
Broadgate tycoon to make bid for Battersea power station May 20, 2012 GODFREY Bradman, the property tycoon who built the Broadgate Circle in the City in the 1980s, is preparing to make a comeback with a bid for Battersea power station. Bradman is thought to have teamed up with Derrick Beare, nephew of South African financier Jonathan, and has secured the backing of billionaire Reuben brothers David [...]
Fresh blow to London as Tungsten delays its float May 23, 2012 TUNGSTEN, the British bid vehicle founded by Edmund and Danny Truell, yesterday announced a raincheck on its IPO. Citing adverse market conditions, the financial services investment fund said it was postponing its flotation, set to raise £200m. The announcement will come as a blow to the London Stock Exchange, which was expecting to list Tungsten [...]
Record claims plague Lloyd’s of London September 21, 2011 THE Lloyd’s of London group of insurers was hit by unprecedented losses in the first half of 2011, after a string of disasters meant customer claims were up by 24 per cent. Lloyd’s reported a pre-tax loss of £697m in the six months to June, compared to a profit of £628m in the same period [...]