City Moves for 12 May 2014 | Who’s switching jobs May 11, 2014 Shepherd and Wedderburn Financial The financial advisory firm has announced the appointment of Sarah Tory as a financial adviser. She joins from Origen Private Client Solutions, where she was a consultant. KPMG The professional services firm has made two appointments. Richard Gostling joins its executive management team as head of sectors. He was most recently [...]
Betting suspended on Queen abdicating during her Christmas broadcast after “unusual” bets placed at Coral December 17, 2014 Bookmakers Coral has suspended betting on whether the Queen will announce her abdication in her Christmas Day broadcast after a number of “unusual” bets were placed today. A spokesman told City A.M a handful of different bets had been made within half an hour of each other – prompting the team to question whether [...]
Business received more than it hoped for in this year’s Autumn Statement December 7, 2014 It may not be as exciting as an iPad or as romantic as jewellery, but George Osborne’s Autumn Statement last week was in many ways business’s equivalent of Christmas, with rewards for some – and coal for others. On the whole, however, the picture for the City was positive, with action proposed for some of [...]
London house prices: Property market stalls in September October 21, 2014 The inexorable rise in London’s house market stalled in September according to Sequence, a national estate agency network. The number of transactions fell by one per cent, adding to the body of evidence pointing to a marked slowdown in the London housing market. “What we are seeing is a return to normality in the housing [...]
Alan Yarrow to succeed Fiona Woolf as Lord Mayor of the City of London September 29, 2014 Alan Yarrow is to succeed Fiona Woolf as Lord Mayor of the City of London, becoming the 687th person to take on the title. Yarrow is currently chairman of the Chartered Institute for Securities and Investment, and has spent most of his career at Kleinwort Benson, though has also chaired the London Investment Banking [...]
City Moves for 28 May 2014 | Who’s switching jobs May 27, 2014 Alvarez & Marsal The professional services firm has appointed Jeremy Heales as a senior director in its UK regulatory advisory services practice. He joins from the FCA, where he was most recently head of retail banks. Heales has also held senior roles at the Bank of England and the FCA. BlueBay Asset Management Victoria Muir [...]
Last of the Miller family Keith retires as Miller Group’s boss February 5, 2015 Keith Miller announced yesterday he will step down as chief executive of Miller Group, ending 81 years of family leadership at the UK’s biggest privately-owned housebuilder. The Edinburgh-based company, which has operations across the UK but outside of London, was founded by Miller’s father and his uncles in 1934. The 65-year-old sailing enthusiast joined [...]
FTSE rises as energy firms expect Opec to cut production – London Report November 18, 2014 BRITAIN’S top share index yesterday climbed to a seven-week high, helped by better-than-expected German investor sentiment data and a rally in energy stocks on speculation that oil producing countries may agree to cut output. The blue chip FTSE 100 index closed up 0.6 per cent at 6,709.13 points after rising as high as 6,714.12, the [...]
It doesn’t get more central than The Beecham in Covent Garden November 27, 2014 Covent Garden, that stretch of meandering streets off The Strand that culminates in the famous piazza, has been through every stage of London life. It started out, as many of the City’s suburbs did, as countryside, serving as gardens for Westminster Abbey. Then came its first gentrification phase when Henry VIII seized the land [...]
Virgin Money advisers reject retail element in £2bn IPO October 1, 2014 Virgin Money, which is planning a London float that will value the challenger bank at between £1.5-2bn, has decided against offering the shares to the public despite some institutions and advisers pushing hard for this. Retail offers have been a rarity in the London market this year, despite the massive interest generated last year by [...]