City Moves for 22 November – who’s switching jobs at Carter Jonas, Rathbones and RBC? November 22, 2018 Who’s making moves? Carter Jonas Carter Jonas, the national property consultancy, has recruited education specialist Carolyn Puddicombe as a partner in its commercial team. Puddicombe will lead Carter Jonas’ Education business and be based predominately in the firm’s UK headquarters in London, One Chapel Place, and its regional hub office in Oxford. Carolyn will work [...]
City Moves for 13 November – who’s switching jobs at 23 Capital, Ayming and Howard Kennedy? November 13, 2018 Who’s switching jobs today? 23 Capital 23 Capital, a leading capital and solutions provider to the Sports, Music and Entertainment (SM&E) sectors headquartered in London, has announced the appointment of Jack MacDonald as the Head of Music and Entertainment Origination for the UK. Jack joins 23 Capital’s global team of music and entertainment specialists who [...]
G4S shares slump 12 per cent after security firm signals flat profit November 7, 2018 Shares in G4S have tumbled more than 12 per cent after the security firm warned it would not achieve profit growth for the year. The London-listed company reported organic revenue growth of 2.5 per cent for the third quarter, below analyst expectations. The FTSE 250 company, which runs prisons and detention centres as well as [...]
Dunelm high street stores grow, but are outstripped by online boom October 11, 2018 Shares in Dunelm rose almost six per cent in early trading as the company showed strong growth online despite closing three websites. Like-for-like revenue grew 4.2 per cent year-on-year in store and online in its first quarter, but group takings remained flat after it shut down three websites earlier this year. Although in-store and online growth [...]
Royal Mail downgrade forces shares below the government’s 2013 IPO price October 9, 2018 Shares in Royal Mail have dropped below their controversial IPO valuation for the first time after the company was downgraded by two banks this morning. The FTSE 100 company, which floated at 330p a share in 2013, briefly dropped as low as 322p in morning trading. A profit warning issued last Monday sent the company’s [...]
City Moves for 11 September 2018 – who’s switching jobs at Deloitte, RBC GAM and Dechert? September 11, 2018 Today's City Moves cover tax, asset management and legal eagles. Take a look at these movers and shakers: Deloitte Deloitte has appointed Willo Renehan as a tax partner to its private markets team. Willo will be based in London, specialising in private businesses and focusing on building relationships with large privately held groups and FTSE [...]
Broadband challenger Hyperoptic raises £250m from eight top banks | City A.M. August 3, 2018 Gigabit broadband provider Hyperoptic today announced a debt raise of £250m from eight leading international banks, aimed at powering its full fibre optic network across the UK. The round was led by ING and BNP Paribas, with RBS, Societe Generale, RBC, HSH, NIBC and Barclays also participating. The raise will fully fund Hyperoptic’s project to [...]
Editor’s Notes: Delusional EU chiefs need to wake up and see the warning lights May 11, 2018 Some institutions are so intransigent, so inflexible and so bloody-minded that their inability to change, even when faced with immense pressure, elicits a grudging respect. So it is with the European Union. As things stand, the EU is facing enormous challenges: the UK is leaving and will, over time, deprive the project of vital funds. [...]
Royal Dutch Shell offloads Canadian business for $3.3bn as oil giant nears divestment target May 8, 2018 Royal Dutch Shell is selling its entire interest in Canadian Natural for around $3.3bn (£2.4bn) as the oil giant looks to reduce net debt. The firm announced this morning it had entered into an underwriting agreement with Goldmach Sachs, RBC Capital Markets, Scotiabank and TD Securities to offload just over 97.5m shares in the firm. [...]
AngloGold Ashanti’s boss is stepping down to lead FTSE 250 miner Vedanta Resources April 16, 2018 The boss of South African gold miner AngloGold Ashanti has stepped down to head up FTSE 250 firm Vedanta Resources. Srinivasan Venkatakrishnan (Venkat), who has led the world’s top emerging markets gold producer since 2013, will succeed Vedanta’s interim chief executive Kuldip Kaura from 31 August. Kaura took over after former boss Tom Albanese left [...]