Why sterling’s decline could push up inflation once again January 17, 2013 THERE was a time when a weaker pound used to boost exports. These days, it doesn’t appear to make a noticeable difference, in the short term at least. Last year’s brilliant growth in car exports – the UK sold more cars abroad than ever before in its history, one of the most cheerful news stories [...]
What the other papers say this morning October 29, 2012 FINANCIAL TIMES Lloyds to axe sales incentives Lloyds Banking Group has launched a scheme that scraps all incentives linked to product sales in the latest attempt to clean up bad practices that have been blamed for causing misselling scandals. Chinese banks flee London’s rules China’s largest state-owned banks are moving big chunks of their European [...]
City Moves | Who’s switching Jobs October 10, 2012 Heartwood Kevin Rait has been appointed as intermediary client director at Heartwood Investment Management, the investment management services group. Rait has 12 years’ experience in working with financial intermediaries, and will help Heartwood to develop its distribution strategy to serve financial advisors. He arrives from Arbuthnot & Co, where he launched its discretionary fund management proposition [...]
City Moves | Who’s switching jobs October 16, 2012 Saffery Champness Ben Melling has been appointed partner in the accountancy firm’s London office. He joins from Rawlinson & Hunter, where he spent eight years as a partner. Melling also worked for Grant Thornton for 18 years, and was appointed to the partnership in 2000. Deloitte The business advisory firm has announced two senior appointments [...]
City Moves | Who’s switching jobs October 16, 2012 Saffery Champness Ben Melling has been appointed partner in the accountancy firm’s London office. He joins from Rawlinson & Hunter, where he spent eight years as a partner. Melling also worked for Grant Thornton for 18 years, and was appointed to the partnership in 2000. Deloitte The business advisory firm has announced two senior appointments [...]
Smith & Nephew CFO joins Reckitt Benckiser September 17, 2012 Consumer goods firm Reckitt Benckiser has appointed Adrian Hennah as new chief financial officer. Hennah joins from Smith & Nephew, and will assume the position at the end of December, to replace Liz Doherty, who is stepping down next March. He has held the position of chief financial offer at the medical devices group since [...]
G4S bosses to decide if heads will roll today September 26, 2012 G4S’S board will meet today to discuss the conclusions of a comprehensive review into the Olympic security scandal, with the future of chief operating officer David Taylor-Smith, as well as others, in the balance. His sacrifice would be seen as a move to protect the security firm’s chief executive Nick Buckles, who has come under [...]
BG Group CFO on leave of absence September 10, 2012 ■ BG Group’s chief financial officer Fabio Barbosa is on a leave of absence to undergo medical treatment in Brazil for a recently diagnosed condition. Group financial controller Den Jones will replace him with immediate effect, for what is expected to be the rest of the year. Jones has been with BG Group since 2010, [...]
BDO and PKF in talks for audit merger deal November 7, 2012 BDO and PKF are in advanced talks to merge their UK operations, the accountancy and advisory firms revealed yesterday. A tie-up, which is expected to take place early next year, would give the group extra firepower to compete with Grant Thornton for mid-market audit and business advisory clients. The firms said the enlarged company would [...]
Putting philanthropy at the top of the City’s agenda December 20, 2012 Look out your office window and you will see a “philanthroscape” – the City’s bridges, hospitals, schools, prisons, alms houses and churches we walk past everyday were built on the donations of the wealthy businessmen of yesteryear, including its most famous lord mayor Dick Whittington. The City’s rich philanthropic tradition continues today – but quietly. [...]