City Moves for 07 April 2014 | Who’s switching jobs April 7, 2014 Carmignac Gestion The asset management firm has appointed Keith Ney as sole portfolio manager of the European bond fund Carmignac Securite. He joined in 2006 from Fincapital, where he was a European equities analyst. Duff & Phelps The corporate finance advisory firm has appointed two managing directors to its global restructuring practice. Steve Billot joins [...]
City Moves for 03 April 2014 | Who’s switching jobs April 2, 2014 Waverton Investment Management The investment management firm has appointed Ian Enslin to its charities team. He joins from Newton Asset Management, and has previously worked at Barings, Invesco and Norwich Union. City Financial The asset management business has hired Mark Pearson as marketing director. He was formerly head of investment strategy and communications at Aegon [...]
Wishes and predictions for Osborne’s budget March 17, 2014 Business and accountancy advisers BDO has drawn up a wishlist for neglected middle-market firms, looking for a tax allowance for spending on factories and a reduction in employers’ national insurance for manufacturers. BDO also believes that the chancellor could reform business rates in a revenue neutral fashion and announce a fresh review. BDO say that [...]
Duke of Edinburgh falls for Cowes Week magic as City seafarers set sail August 4, 2014 It's that time of year again, when the City’s yachting enthusiasts get to spend the week brushing sea spray out of their windswept locks instead of sweating it out in the Big Smoke. Yes, it’s Cowes Week. King of the City seafarers Martin Gilbert, chief executive of lead sponsor Aberdeen Asset Management held not [...]
Half of London firms are hiring February 25, 2014 BRITAIN’S booming recovery is encouraging firms to take on more staff, driving down unemployment and further reinforcing the growth spurt, according to a PwC survey yesterday. Fifty-five per cent of London businesses are planning to take on employees compared to 38 per cent across the whole country – almost three times the 13 per cent [...]
A&B shops left after rescue are closed down May 29, 2014 ADMINISTRATORS for the high street pawnbroker Albemarle & Bond have closed most of the 59 stores not rescued by Promethean last month as they work to release money from the remains of the business. According to documents filed recently at Companies House, Albemarle & Bond Holdings has debts to trade creditors in the region of [...]
Financial firms to lead £200bn spending spree in the UK March 31, 2014 FINANCIAL services firms are planning to splash out on staff and offices this summer, leading the way in an investment boom that will see the UK’s biggest businesses spend £200bn by the end of next year, according to two reports. Research released this morning by Deloitte estimates that UK firms with sales of more than [...]
Global asset base predicted to pass $100 trillion barrier by 2020 February 9, 2014 GLOBAL assets under management will grow by six per cent a year to top $100 trillion (£61 trillion) by 2020, a major new study from PwC predicts today. Assets managed around the world will rise from $63.9 trillion today to $101.7 trillion in just six years, led by growing riches in emerging markets and the [...]
The 5 crucial mistakes pension funds make with valuations March 3, 2014 It’s rare to find a company which publishes its audited results more than a few months after its financial year ends. It seems odd, then, that company pension schemes – which often pose a drag on corporate balance sheets – should take so long to publish their accounts. Pension schemes have a statutory timeframe of [...]
LSE’s summer stock-buster is arriving soon March 12, 2014 IF YOU loved Oscar-winning space-epic Gravity and you’re looking for your next dose of the galaxy, we might have just the thing. The London Stock Exchange has enlisted the help of Framestore, the Soho-based visual effects company that worked on Gravity, to update its market opening sequence. The current ceremony is already pretty high-tech – forget [...]