Stats show UK economy soaring to a record high September 30, 2014 THE ECONOMY hit its pre-crisis peak far earlier than previously thought, according to official figures published yesterday. British GDP surpassed its previous high midway through 2013, the Office for National Statistics (ONS) said – around a year earlier than its unrevised data had shown. Current GDP is 2.7 per cent above its 2008 peak. Meanwhile, [...]
2014 City A.M. awards: What the judges really said November 13, 2014 There was a bright and early 8am start for the City A.M. awards meeting but the judges were as sprightly and sharp as ever. As some of the judges were themselves nominated for awards, they were asked to leave the room for the deliberation and voting – but not without giving their tuppence worth. [...]
City Moves for 26 September 2014 | Who’s switching jobs September 25, 2014 PwC The professional services firm has appointed Simon Hampton to lead its real estate deals practice. He joins from Jefferies, where he was head of real estate, gaming and lodging. Hampton has also held senior positions at Bank of America Merrill Lynch. Alliance Trust Peter Michaelis has been appointed head of equities at the savings [...]
Phones 4u collapses after key partner EE hangs up September 14, 2014 High street mobile retailer Phones 4u has collapsed into administration after being dropped by its last remaining network partner EE. In a statement last night, the group’s private equity owner BC Partners said it had no option but to call in administrators after being informed by EE that it would not be renewing its contract [...]
City Moves for 04 September 2014 | Who’s switching jobs September 3, 2014 Savills The real estate adviser has announced the appointment of Andrew D Thompson as a director in its London-based building and project consultancy team. He joins from his own independent practice, and has previously held roles at CBRE, Drivers Jonas, and Wilks Head & Eve. Aviva Investors David Lis has been appointed chief investment officer, [...]
Quindell eyed in parliament as Lord Myners questions company’s activities December 12, 2014 Former City minister Lord Myners has asked the government whether it will investigate embattled insurance outsourcer Quindell, its board of directors or its financial advisers. The written parliamentary question, first reported by the Financial Times, was put to the government on 1 December. Myners said: To ask Her Majesty's government whether they are investigating Quindell and [...]
From Building Public Trust to European Diversity, the award for night with most awards held goes to… October 2, 2014 There’ll be some sore heads and award-laden pockets around the City this morning as its firms were treated to a variety of award ceremonies last night. PwC’s Building Public Trust awards took place on Park Lane, where four gongs were handed out recognising excellence in corporate reporting (no more pertinent an award in light of [...]
Average London house price to hit £500k next year July 8, 2014 The average house in London is likely to cost about £500,000 in just a year’s time, according to a forecast by professional services group PwC. PwC’s latest economic forecasts, to be released today, show that the average property price in the capital is expected to reach £565,000 by the end of this decade, with its [...]
City Moves for 21 November 2014 | Who’s switching jobs November 20, 2014 Berenberg The bank has announced the promotion of David Mortlock to head of its London office. He joined Berenberg in 2010 as head of sales and has been global head of equities since 2013. Mortlock previously held positions at Schroders, Citigroup and MF Global. Edmond de Rothschild Group Marcus Money-Chappelle has been appointed head of [...]
City Moves for 19 September 2014 | Who’s switching jobs September 18, 2014 Barbican Centre Trust Emma Kane has been appointed chairman of the charitable arm of the Barbican Centre. She has worked in corporate and financial PR for over 25 years, and is founder and chief executive of Redleaf PR. Kane is a fellow of the Royal Society of Arts and board director of Grange Park Opera. [...]