City Moves for 28 September 2016 | Who’s switching jobs September 28, 2016 Bond Dickinson Bond Dickinson has appointed Barry Stimpson to join its expanding London office as head of funds. Barry is an experienced funds and regulatory lawyer with extensive knowledge of the financial services sector and will enhance the firm's existing offering. Barry joins the firm from Olswang where he was head of funds and regulatory. Barry's [...]
City law firm brought in to look into former BHS directors August 11, 2016 City law firm Jones Day has been appointed to look into the conduct of the former directors of BHS. According to Sky News, the firm has been hired by FRP Advisory – the second administrator drafted in to handle BHS. Read more: Here's how much Sir Philip Green's BHS pension bill has risen due to Brexit [...]
Sir Philip Green is now the fourth richest man in the UK after the death of the Duke of Westminster August 10, 2016 Sir Philip Green is now the fourth richest person in the UK after the death of billionaire landowner Gerald Cavendish Grosvenor, the former Duke of Westminster. The duke was the UK's third richest person until he died last night at the age of 64. His fortune was estimated at £8.3bn by Forbes magazine. Read more: Holiday like [...]
Look to Twitter for why Britain’s economy proved Project Fear wrong October 5, 2016 The economic data on post-Brexit Britain is beginning to emerge. We discovered last month that employment in May to July grew by 174,000 compared to the previous three months. Last week, the Office for National Statistics published its estimate for the output of the service sector of the economy in July. This showed a 0.4 per [...]
City Moves for 5 July 2016 | Who’s switching jobs July 5, 2016 Bond Dickinson National law firm Bond Dickinson has appointed Charlie Reid as its new banking and finance partner in its London office. He joins the firm from Norton Rose Fulbright where he was a senior associate. Charlie gained experience in the London office of Morrison & Foerster developing its London banking practice for eight years. Prior to joining Morrison & [...]
Final BHS stores set to close after 88 years on the high street August 28, 2016 BHS will disappear from the high street today after 88 years of trading, as the final 22 stores are set to shut. Administrators Duff & Phelps decided to start winding down the business in June when it became clear no buyer would take it on as a going concern. Read more: Holiday like Philip Green – the [...]
Look away, legal eagles: Revenue and staff numbers slipped at the UK’s 100 largest law firms in 2016 September 2, 2016 This year has not been kind to those with a head for all things legal, as both revenue and staff numbers dropped at the UK's 100 largest law firms. The firms raked in a combined turnover of £20.2bn this year, a slip of two per cent compared with the £20.6bn reported last year. Meanwhile, the number [...]
Pensions experts welcome news of Sir Philip Green’s BHS top up August 29, 2016 Pensions experts have given the thumbs up to news Sir Philip Green could be stumping up a substantial sum for the ailing BHS pension pot. It was reported over the weekend that Green, who has been working with Magic Circle outfit Linklaters and Big Four firm Deloitte to design a deal with the Pensions Regulator, could be writing a [...]
Here’s how much Sir Philip Green’s BHS pension bill has risen due to Brexit August 3, 2016 Sir Philip Green recently described negotiations with The Pensions Regulator (TPR) over plugging BHS' pension deficit as "cumbersome and slow" – after the Brexit vote, an agreement will also be expensive. After the Brexit vote, falling yields have led to the aggregate deficit of pensions schemes in the Pension Protection Fund (PPF) rising by more than 18 per cent since the BHS [...]
City Moves for 1 September 2016 | Who’s switching jobs September 1, 2016 Knight Frank Knight Frank residential development has appointed Tom Hawkins as partner in its new homes team. Tom joins the firm from Hamptons International, where he worked for 10 years and latterly ran the new homes sales team. Tom previously led the sales of Portobello Square, W10, Aberfeldy Village, E14, and Rathbone Market, E16 – the [...]