Shell’s chief executive Ben van Beurden announces an extra $1bn of savings to make $70bn BG deal work with low oil prices November 3, 2015 Royal Dutch Shell chief executive Ben van Beurden sought to reassure investors today that Shell's planned takeover of rival BG group will still work, assuming oil prices stabilise at around $60 a barrel. The deal, which is expected to complete early in 2016 and could be worth as much as $70bn (£45.3bn), is one of the biggest mergers announced [...]
Wall Street sinks and FTSE 100 index closes below 6,000 after another turbulent day in China January 7, 2016 The Dow Jones recorded its worst four-day start to a year on record, following another day of turmoil in China, which also left the S&P 500 on track for its worst start to a year since 1928. The Dow Jones industrial average fell 2.32 percent, to 16,514.1, the S&P 500 dropped 2.37 per cent, and the Nasdaq lost [...]
City Moves for 02 March 2015 | Who’s switching jobs March 1, 2015 Newcourt Residential The luxury property developer has appointed Graham Weiss to its board as a non-executive director. He was previously managing director of Octagon Developments, and has over 30 years’ experience in the UK luxury property industry. Hitachi Capital (UK) The financial services firm has appointed Robert Gordon as chief executive. He joined Hitachi Capital [...]
UK house prices are set to go through the roof, with the fastest growth in London September 18, 2015 House prices are growing at a robust pace this month while mortgage lending has surged as the housing markets heat up. Estate agent Knight Frank’s house price sentiment indicator today scored 59.3 for September, with scores above 50 indicating price growth. The fastest current growth is in London. Households’ overall expectations of [...]
City Moves for 26 October 2015 | Who’s switching jobs October 25, 2015 KPMG Catherine Grum has been appointed head of the professional services firm’s family office. She joins from Salamanca Group, where she was head of the private office. Grum has also previously worked as head of wealth advisory, for Europe, the Middle East and Africa, at Barclays Wealth & Investment Management, and for the private client [...]
Man arrested after two women left hospitalised by falling object on Eldon Street in the heart of the City January 20, 2015 A man has been arrested after two women were seriously injured when a section of scaffolding fell on them as they walked down a City street today. An object – said by witnesses to be a metal pole – fell on the two women who were walking down Eldon Street, near Liverpool Street station, [...]
Telford Homes in £23m acquisition September 22, 2015 TELFORD Homes has extended its reach in north and east London with its £22.97m purchase of United House Developments’ (UHD) regeneration business. The business, which was previously owned by United House Group Holdings, consists of a group of companies with “various interests in four significant development opportunities” in the area. These sites are City North, [...]
EU referendum: Asda, HSBC, Vodafone and nearly 200 sign letter saying Brexit would threaten jobs – but Tesco, Morrisons and Sainsbury’s are not on the list February 23, 2016 The bosses of HSBC, BT, Vodafone and Asda are among those to have put their name to an open letter backing the remain camp and Prime Minister David Cameron's reforms in Europe. More than a third of the UK's biggest companies were represented in the letter, which was published in The Times this morning, saying they represented [...]
City Moves for 1 October 2015 | Who’s switching jobs September 30, 2015 APAM The commercial property asset manager has appointed Simon Hardwick as chairman. Hardwick was formerly at PwC Legal, where he lead its real estate practice. He is also an independent non-executive member of the management board at the Royal Institution of Chartered Surveyors, and has over 35 years’ experience. BARINGS The investment firm has appointed [...]
From the Paris attacks and Jeremy Corbyn’s rise to power to the Syria conflict, migrant crisis and Greece’s economic woes, these are the biggest political events of 2015 December 9, 2015 The last year has been one of frantic political events, across the UK, Europe and indeed the world. While there is still a few weeks to go until the end of 2015, with the political calendar winding down we’ve taken a look back over the key events that shaped the political agenda over the last [...]