Who will blink first in the Megabrew deal: SABMiller or AB InBev? October 11, 2015 With two days to go before the deadline for AB InBev to 'put up or shut up', negotiations between the world’s two largest brewers have taken an increasingly combative turn as SABMiller puts up roadblocks to a takeover by its larger rival. Shots were fired last week when Anheuser-Busch InBev made its offers public, and [...]
The BMW 3 Series may be the staple of the 1980s but the new model proves it’s slicker than ever September 28, 2015 Back in the 1980s, the BMW 3 Series was the car of choice for up-and-coming types in the City. A 325i was as de rigueur as red braces and a Filofax; if your trades hadn’t quite earned you the hot six-cylinder one, you could have a 316i and take the badges off (a trick so [...]
City’s recovery drives finance firms’ tax bill up to £65.6bn December 1, 2014 Finance firms paid a total of £65.6bn in taxes in the last financial year, up £600m on the previous 12 months, the City of London Corporation and PwC revealed today. The sector pays 11.5 per cent of all government tax receipts, and increased its contribution by 0.9 per cent in the 2013-14 tax year. Taxes [...]
City Moves for 29 July 2015 | Who’s switching jobs July 28, 2015 KPMG Craig Steven-Jennings has been appointed partner in the professional services firm’s enterprise practice. He joins from KPMG’s South African firm and will be based in London. Steven-Jennings first joined its Cape Town office in 1999 and became an audit partner in 2005. Tokio Marine Kiln The insurance provider has promoted Paul Culham to the [...]
The UK is great at supporting startups – so why can’t we do the same with scale-ups? November 6, 2015 The last five years have seen an unprecedented growth in the number of new, registered companies and we have now surpassed the rate at which even the United States produces startups. This is terrific progress, but when these businesses grow and try to move to the next stage – be that taking on more employees, [...]
City Moves for 2 July 2015 | Who’s switching jobs July 1, 2015 Baker Tilly The professional services firm has appointed Diane Gwilliam as head of capital markets. She has been at Baker Tilly for 14 years, and a corporate finance partner since 2008. Gwilliam takes over from Chilton Taylor, who is standing down but remaining as corporate finance partner with the firm. Lloyds Banking Group Simon Davies [...]
Blockchain company Coinsilium will IPO on London’s Aim July 14, 2015 A London-based startup which invests in the technology behind digital currency bitcoin intends to float on London’s junior market in the first IPO of its kind. Blockchain investment company Coinsilium will become the first blockchain company to go public, as the burgeoning technology gains attention from high-profile investors such as Richard Branson, Paypal co-founder Peter Thiel and [...]
City Moves for 14 July 2015 | Who’s switching jobs July 13, 2015 Advent Solutions Management The insurance consulting and outsource services provider has appointed Paul Bermingham to launch its new delegated underwriting support business. He joins as a director from Xchanging, where he was executive director, claims. Bermingham has 27 years’ experience in insurance. Templeton Emerging Markets Investment Trust Carlos Hardenberg has been appointed lead portfolio manager [...]
Stock Exchange Dinner beats the competition June 25, 2015 THE annual Stock Exchange Veterans’ Dinner saw a huge turnout at the St Paul’s Grange Hotel last night, despite competing with several corporate events in the same building. Last night saw a whopping 37 banks, businesses and firms put on their glad rags for a night of glamour, gourmet cuisine and generosity at the annual [...]
We should be proud of our City – and what it contributes to UK society July 19, 2015 The City has had an action-packed fortnight, stuffed with events that each had a very different focus and a very different meaning. On 7/7, the whole country paused to reflect on the bombings of 2005. Sombre yet inspiring services were held across the UK, including at St Paul’s Cathedral, which provided opportunities to honour those [...]