City Moves for 26 January 2017 – who’s switching jobs? January 26, 2017 Today's City Moves cover a challenger bank, one of the best-known social media management platforms and a law firm. Take a look at these movers and shakers: Hampshire Trust Bank Chris Forsyth has been appointed as chief operating officer at Hampshire Trust Bank. In his executive role at the specialist challenger bank, which focuses on [...]
Hurting the City will hurt the EU too, experts remind MPs January 31, 2017 Attempts by other EU member states to undermine the City of London's financial crown will wind up hurting them too, banking and finance experts reminded MPs today. Representatives from influential City groups, along with deputy editor of the Telegraph Allister Heath, also told the International Trade Committee the City would need to devise a unique [...]
Muller slims headcount as part of UK corporate restructuring of milk division January 12, 2017 Yoghurt giant Muller has binned nearly 400 London jobs as part of £60m shake-up of its fresh milk and butter operations. After consulting with unions, Muller confirmed the job losses at its north east London dairy in Chadwell Heath. Operations at the plant, which was bought from Dairy Crest dairies in late 2015, will be wound [...]
Russian oil major Tatneft celebrates 20 years of being quoted on the London Stock Exchange December 12, 2016 Russian oil major Tatneft will open the London Stock Exchange this morning to celebrate 20 years of being quoted in London. Over that period the total shareholder return of the group, which has a market cap of around £10bn, over that period has been just shy of 1,900 per cent. This means a pound invested [...]
These are the FTSE companies with the highest and lowest chief executive pay ratios March 15, 2017 With AGM season around the corner, and remuneration set to be a top issue for investors, chief executive pay ratios could again be about to come under the microscope. And while the certain retailers could feel the heat, a number of City firms should be able to rest easy. Pensions & Investment Research Consultants (Pirc) has drawn [...]
No way in for the Inns: Barristers rise up against Cycle Superhighway street closure, saying it would put revenues from Hollywood film companies at risk April 20, 2016 Another day another planning battle – this time between the City of London Corporation and the Inns of Court. The Inns' top barristers and residents are on a war path after the one of the Corporation's sub-committee voted to shut down one of the main roads leading into their buildings to traffic – a move they claim will "create a [...]
It’s pure rubbish to claim a low tax, low regulation Britain would be a disaster March 1, 2017 Dame Minouche Shafik, deputy governor of the Bank of England, is leaving to become director of the London School of Economics. Last weekend, she gave her final interview wearing her Bank hat. Shafik issued what was described in the media as a “thinly-veiled warning” to the chancellor Philip Hammond. She stated that it was an [...]
Interiors: Get home gym inspiration from these funky designer health clubs in London January 21, 2017 Gym brands are spending millions on interior design, facilities, music and mood to impress us and keep us coming back. These days it’s all about creating a club atmosphere, making you look and feel fantastic. Where you train is a lifestyle choice. In and around the City, you have your pick of the bunch, from [...]
Barclays to install ex-boss of B&Q-owner Kingfisher Sir Ian Cheshire as chair of its UK operations February 26, 2017 Barclays is set to announce Sir Ian Cheshire as chair of its UK ringfenced operations tomorrow. Under the ringfencing rules, banks have until 2019 to split their retail units away from their investment divisions. Sky News, which first reported the news of Cheshire's impending appointment, revealed the Prudential Regulation Authority, the banking sector watchdog, has now [...]
Brexocalypse Now? The multi-billion pound Brexit risk to the Square Mile, mapped May 13, 2016 Here's another apocalyptic view of the potential consequences of Brexit – this time on the City of London. [Scroll to the bottom to see a visualisation of how Brexit could affect the City's property sector] New research suggests billions of pounds in property value and thousands of jobs are at risk of being wiped from the [...]