City A.M. | Our shadow MPC votes 6-3 against more QE November 7, 2012 ALLISTER HEATH | CITY A.M. “No new quantitative easing and no further cut to rates. The money supply has bounced back. But the main reason why QE needs to be halted – despite worrying signs that the economy has ground to a halt again – is that it has created a false markets in gilts [...]
China rivals in bid battle for African Barrick August 16, 2012 SHARES in African Barrick Gold (ABG) jumped by eight per cent in trading yesterday on news that it could be the subject of a £1.5bn bid battle. A source close to the company said several bidders were circling the London-listed gold producer, which is 74 per cent-owned by its parent Barrick Gold, but only a [...]
London’s other sartorial street October 4, 2012 I LIKE to get round London by Boris Bike because it’s quick. simple and cheap – but it brings me an additional pleasure. Given the distribution and popularity of bike stops, when I come west from the City I always park in St James’s Square and walk up along Jermyn Street. And it’s such a joy. [...]
WHO’S SWITCHING JOBS June 26, 2012 Mayer Brown Andrew Block has been appointed as a partner in the pensions group of the law firm. He was previously a partner at Travers Smith, and started his legal career at Linklaters. Block acts in occupational pension scheme matters. He will be based in Mayer Brown’s London office. Manches The law firm has announced [...]
Chancellor scraps rise in fuel duty June 26, 2012 CHANCELLOR George Osborne bowed to pressure yesterday, scrapping this year’s planned fuel tax hike in the latest of a series of screeching U-turns by the coalition government. The rise in fuel duty by around 3p per litre will now be delayed until the beginning of next year, postponing a hike due on 1 August – [...]
CITY MOVES | WHO’S SWITCHING JOBS May 30, 2012 ASIFMA The Asia Securities Industry and Financial Markets Association has appointed Mark Austen as its new chief executive. Austen joins from the Association for Financial Markets in Europe, where he served as head of capital markets, acting chief executive and most recently chief operating officer. Inmarsat Andy Start has been appointed president of the global [...]
CITY MOVES | WHO’S SWITCHING JOBS March 21, 2012 Ashurst The leading international law firm has announced that James Collins has been appointed as managing partner, with effect from 1 May 2012. Collins trained at Ashurst and became partner in 2005. He is currently a banking partner in Paris, with particular expertise in cross-border acquisition finance and restructuring transactions. He succeeds Simon Bromwich, who [...]
Marketing is changing, but won’t be unrecognisable April 4, 2012 SIMON Middleton, in his book What You Need to Know About Marketing, describes the profession as “one of the earliest activities ever undertaken by mankind.” Like another early profession, it is often perceived as “of dubious morality.” Middleton explains that the impulse to market is misunderstood. Marketing is simply about building relationships between businesses and [...]
The big trends in hiring and how they affect you April 18, 2012 RICHARD JOHNSON INSURANCE: The insurance recruitment market remains buoyant, with a continuous requirement for finance, risk and compliance professionals at all salary levels. The sector has been the subject of significant recent regulatory change, through the well publicised Solvency II requirements, new products, new insurance companies, a constant flow of mergers and acquisition activity, growth [...]
CITY MOVES | WHO’S SWITCHING JOBS February 2, 2012 Laurence Simons The specialist legal recruitment firm has appointed Guy Adams as lead director of its European private practice team. Previously, Adams worked as a tax lawyer at Norton Rose, McGrigors and, most recently, Reynolds Porter Chamberlain, where he assisted in the growth of the firm’s tax litigation practice. Adams subsequently spent three years with [...]