City Moves for 08 August 2014 | Who’s switching jobs August 8, 2014 Marriott Harrison Daniel Jacob has been appointed corporate partner at the law firm. He joins from Pitmans, where he was head of the London corporate group. Jacob specialises in investment, M&A, and restructuring work, with a particular focus on the hotel, leisure and technology sectors. Mitsubishi UFJ Securities International The investment banking arm of the [...]
Royalty comes to the City but did the Duke sit on the non-Royal privy? July 16, 2014 We had a royal visitor in the City yesterday as the Duke of Edinburgh headed to Fishmongers’ Hall to congratulate the winner of the annual Race for Doggett’s Coat and Badge. The race is thought to be the world’s longest running annual sporting event (next year it’ll celebrate 300 years) and sees six [...]
Lloyds settlement latest example of the shadow regulatory state September 28, 2014 The announced settlement between the American and British authorities and Lloyds Banking Group, in which the bank will pay almost $370m to US and UK authorities, is the latest major fallout from claims that multiple international banks profited by manipulating the London Interbank Offer Rate (Libor), a key financial benchmark embedded in contracts around the [...]
Analyst Views: What did you make of Royal Mail’s financial results? May 22, 2014 GERT ZONNEVELD | PANMURE GORDONThe competitive market on the parcels side is more intense and the company is taking steps to remain leader in this growing market. On the letters front, direct delivery is the main concern. Without regulatory action, Royal Mail estimates that direct delivery could hit revenues by £200m by 2017/18. RICHARD HUNTER [...]
Analyst Views: What did you make of Royal Mail’s financial results? May 22, 2014 GERT ZONNEVELD | PANMURE GORDONThe competitive market on the parcels side is more intense and the company is taking steps to remain leader in this growing market. On the letters front, direct delivery is the main concern. Without regulatory action, Royal Mail estimates that direct delivery could hit revenues by £200m by 2017/18. RICHARD HUNTER [...]
Out of Africa June 23, 2014 Ibrahim el-Salahi is finally being recognised as one of the great artists of the twentieth century At long last, galleries and collectors are beginning to recognise the modernist painters of Africa. Central London now has three contemporary African art galleries and last year Ghanaian sculptor El Anatsui was awarded the Royal Academy’s Charles Wollaston award. [...]
14 plans for London transport by 2050: From 24/7 Tube to Crossrail 3 July 31, 2014 London Mayor Boris Johnson has said £1.3tn of investment is needed in the capital over the next 35 years in order for London to retain its world class status. Transport is the biggest focus of the "London Infrastructure Plan 2050", and £973tn of spending is needed on transport alone to keep up with the rising population [...]
London bus strikes: Here are the routes affected September 18, 2014 NB. This article was written in September 2014. If you're searching for info on the January 2015 bus strike, click here As if the travel chaos yesterday wasn't bad enough, Unite has announced strike action affecting around 50 bus routes will take place on Monday. TFL has warned the action is “likely to [...]
How B&M Retail IPO nearly beat Prada June 12, 2014 A budget department store founded by a shopkeeper in Blackpool during the late 1970’s has today become the biggest retailer to come to the stock market since fashion house Prada three years ago. According to fresh figures released this afternoon B&M Retail, which started life in the seaside resort in 1978, raised £1.1bn ($1.8bn) in [...]
The stiff competition facing Royal Mail May 21, 2014 Ahead of its first set of full-year results as a listed company tomorrow, Royal Mail’s announced it’s going to trial delivering parcels on Sundays. Later this summer, it’ll open about 100 offices on Sunday afternoons for customers to pick up parcels. It’ll also pilot delivering parcels within the M25; and from June, Parcelforce Worldwide, its [...]