“No security issues” surrounding billion-pound data centre deal with China September 4, 2016 The company run by the billionaire Reuben brothers has denied there are security concerns around a potential sale of a stake in its data centre company Global Switch to Chinese investors. The former foreign secretary Sir Malcolm Rifkind has called on the Prime Minister Theresa May to vet the potential multi-billion pound deal over concerns around access to data. Read [...]
Chancellor George Osborne has secured the backing of five investment banks as he seeks to protect the role of the City after Brexit July 7, 2016 George Osborne has secured the support of the leaders of five investment banks as the government seeks to protect the City following last month's Brexit vote. Osborne met with bosses from Standard Chartered, Goldman Sachs, Bank of America Merrill Lynch, Morgan Stanley International and JP Morgan earlier today. And now the bankers and Osborne have [...]
City Moves for 7 June 2016 | Who’s switching jobs June 7, 2016 Ashurst International law firm Ashurst has announced that Dave Rome, managing director, head of EMEA loan markets at RBS, will be joining the firm as strategic director – corporate lending. Dave has spent over 25 years at RBS and NatWest, working in the UK and Europe as well as spending six years in Asia. In [...]
Nuffield Health bulks up with acquisition of 35 Virgin Active gyms, including 10 in London August 1, 2016 Nuffield Health has flexed its muscles with the acquisition of 35 Virgin Active gyms across the UK. The sites, which include 10 in London, will open their doors today as Nuffield Health fitness and wellbeing centres. The company will also take official ownership of the gyms today and will launch a multi-million pound rebranding programme. [...]
Mayor of London Sadiq Khan hosts London devolution summit July 14, 2016 Mayor of London Sadiq Khan today held a summit of political and business leaders as he pushes for support on further devolution for the capital. Meeting business representatives from the Corporation of London, London First and the London Chamber of Commerce, Khan looked to bolster support for more powers in the wake of the Brexit vote last [...]
Paris attacks: Minute’s silence in UK to remember the 129 victims of Friday night’s acts of terror November 16, 2015 The UK is to join the rest of Europe in observing a minute's silence at 11am today (16 November) in remembrance of the people who were killed during a terrorist attack in Paris on Friday night. All Whitehall government departments have lowered their union flags to half-mast today, as a mark of respect for the 129 people who [...]
City Moves for 21 July 2016 | Who’s switching jobs July 21, 2016 Covington Elaine Whiteford is set to join Covington as a partner in the European dispute resolution practice in the firm’s London office. Elaine’s practice focuses on litigation, including contentious competition law matters and follow-on damages litigation, challenges to regulatory decisions, cartel and other regulatory investigations. Over the last decade, she has been involved in many of the most significant competition damages cases brought in [...]
City Moves for 15 August 2016 | Who’s switching jobs August 15, 2016 P-Solve P-Solve, part of River and Mercantile Group, has appointed Ajeet Manjrekar as co-head of P-Solve alongside Ross Leach. Ajeet is re-joining P-Solve, having previously worked with the company as an investment consultant and principal until 2007. He subsequently worked for Deutsche Bank’s Asset Management business and spin-off Global Thematic Partners. Ajeet is an actuary with 18 years’ [...]
George Osborne should turn attention from cutting corporation tax to helping smaller businesses July 6, 2016 The Chancellor’s biggest ever policy U-turn appears to have snuck under the radar amid the political resignations, betrayals and leadership bids currently dominating the headlines. On Sunday, Mr Osborne announced that he plans to cut corporation tax to less than 15 per cent in an effort to attract companies deterred from doing business in a [...]
EU referendum: A Brexit doesn’t necessarily spell doom and gloom for London’s property market – fortune will favour the brave May 31, 2016 While a vote to leave the EU on 23 June looks less likely by the day, landlords, letting agents and corporate relocation specialists shouldn’t worry too much about a Brexit. Whether we wake up on the 24 June ‘in’ or ‘out’ of Europe, it will be several months before the true consequences of either outcome become clear. [...]