City Moves for 19 February 2013 | Who’s switching jobs February 18, 2013 Barings The asset management firm has announced the appointment of Angus Woolhouse as global head of distribution. Woolhouse has over 20 years’ experience in the asset management industry, and has held senior roles at Gartmore, Invesco and HSBC Asset Management. Colliers The commercial real estate services company has appointed Mark Emburey as a director in [...]
Credit scheme eats away rates on mortgages February 11, 2013 THE HOUSING market switched up a gear as 2013 began, several sets of data have revealed. Credit costs for a range of mortgage types plunged yet again, according to Bank of England data, suggesting that the government and Bank ’s Funding for Lending Scheme (FLS) has driven funds back into the housing market. The average [...]
Full steam ahead: Old train chugs to Moorgate January 13, 2013 ANYONE unlucky enough to be travelling into the City yesterday morning may have noticed two loveable old relics at Moorgate tube station, an old steam train and London Mayor Boris Johnson. The 9.54am from Kensington Olympia to Moorgate huffed and puffed through the City as part of the celebrations to mark 150 years since the [...]
London Report: Energy boost from Iran deal lifts the FTSE November 25, 2013 BRITAIN’S main share index rose for the first time in a week in thin trade yesterday as travel stocks rallied on expectations that a nuclear deal between oil-rich Iran and six world powers would help cut fuel costs. Airlines IAG and EasyJet, and cruise operator Carnival, rose between two per cent and 2.8 per cent [...]
The City in full swing with glut of new joints February 14, 2013 New King’s Road launch Upper West channels the spirit of Manhattan clubs like PH-D. The lounge bar boasts a roof terrace complete with olive trees and cascading fountains, while the separate nightclub Madison’s is accessed by a grand staircase and will feature floor to ceiling bronze mirror panelling and a state-of-the-art lighting system. The City [...]
Wanted: more advisers to deliver a Royal Mail sale January 10, 2013 THE investment banks are on board and now the next stage ahead of the ultimate privatisation of the Royal Mail is about to be sorted; the appointment of a financial public relations team that will sell a deal to the City via the financial media. Various firms, including City heavyweight RLM Finsbury, are vying to [...]
Hammerson reveals Croydon centre plans to rival Westfield July 26, 2012 HAMMERSON yesterday unveiled its plans for the redevelopment of Croydon’s Whitgift Centre as the battle between the property developer and Australian rival Westfield escalated. Plans to revive the 1960s shopping mall came to a halt this year after its leaseholders – Royal London Asset Management and Irish Bank Resolution – and the freehold owners – [...]
Rolex wins title of consumer superbrand for a second year February 24, 2013 LUXURY watch-maker Rolex has come top of an annual chart of consumer “superbrands” for the second year running, leaving Apple and Microsoft trailing in second and third place, a poll published today shows. The iPad and iPhone-maker jumped 16 places to clinch second place, missing out on the top spot to Rolex. Over 2,900 British [...]
Shareholder Executive chief in line for Energy department job January 7, 2013 THE chief executive of Shareholder Executive, the organisation that oversees the government’s billons of pounds of shareholdings in companies including Royal Mail, is to quit after five years at the helm. Stephen Lovegrove, who has presided over key deals such as the government’s £4.4bn sale of British Energy to EDF, is to leave his role [...]
London Report: FTSE weakens after insurers and banks fall November 5, 2013 THE UK’S top share index weakened yesterday, with insurer RSA sinking after a profit warning while banks also dropped sharply. RSA shed 6.3 per cent in brisk volume after saying that insured losses caused by recent severe weather in Europe and Canada were “materially above assumptions” and that full-year returns to shareholders were likely to [...]