Inside Track: Under fire Glaxo should get a grip July 16, 2014 SIR Andrew Witty has been keeping his head down in recent weeks, as GlaxoSmithKline (GSK) seeks a cure for what ails it in China. It hasn’t been difficult to see GSK’s bunker mentality in evidence: at Wimbledon, its hospitality marquee was shorn of corporate branding, a flaccid attempt to disguise a legitimate business activity. If [...]
Boards win day despite investor revolts July 16, 2014 Three major UK companies suffered significant shareholder revolts yesterday on a busy day for annual general meetings – and, inevitably, the City grandee Sir John Peace was at the centre of one of the dramas. Peace, who has been at the centre of two shareholder battles already this year, found himself under fire again after nearly [...]
City Moves for 14 May 2014 | Who’s switching jobs May 13, 2014 Allianz Global Corporate & Specialty The corporate and specialty insurance business has announced the appointment of Elke Vagenende as head of financial institutions for its London regional unit. She has over 16 years’ industry experience, and joined in 2012 at head of product development. Vagenende was previously a senior underwriter at Liberty Mutual Insurance. Smith & Williamson [...]
City Matters: International markets need regulation that transcends national boundaries December 1, 2013 THIS IS an important time for those working in finance on either side of the Atlantic. As the world’s two largest financial centres, it is up to both London and New York to take a leading role in ensuring that the reputation of the financial services industry is rebuilt, as the United Kingdom and the [...]
London’s Uber app taxi protests: Here’s what you need to know June 11, 2014 Thousands of London’s iconic black cabs are today staging a mass protest against innovative taxi app service Uber. Uber customers can hail a ride using their smartphone, which will show them the nearest vehicle available. Organised by the Licensed Taxi Drivers Association (LTDA), the protest could wreak traffic chaos across large swathes of the capital. [...]
Talent is increasingly mobile – let’s not kill it with tighter controls June 16, 2014 THE NUMBER of professionals currently working abroad or interested in relocating overseas now stands at an estimated 235m – almost 8 per cent of the number of people in work globally. Over the past five years, companies have diversified outside of their home markets for survival, and many now derive more revenue from overseas operations [...]
London’s Uber app taxi protests: Here’s what you need to know June 11, 2014 Thousands of London's iconic black cabs are today staging a mass protest against innovative taxi app service Uber. Uber customers can hail a ride using their smartphone, which will show them the nearest vehicle available. Organised by the Licensed Taxi Drivers Association (LTDA), the protest could wreak traffic chaos across large swathes of the capital. [...]
London Stone to stand its ground as developer wins planning okay October 15, 2013 THE LONDON Stone, an ancient City landmark, is to stay in its place outside 111 Cannon Street, according to redevelopment plans for the building approved last night. A row broke out last year between 111 Cannon Street’s previous owner Minerva and a number of heritage societies after the developer wanted to move the ancient Grade [...]
Brick Lane welcomes Tech City wiff waff June 5, 2014 FACEBOOK lost against Funding Circle in the final of last night’s Ping Pong Fight Club, an event bringing together London’s more hand-eye co-ordinated tech companies, just off Brick Lane. Organised by Mind Candy – the tournament saw 14 of Tech City’s finest battle it out for the crown of Ping Pong Champ. Fancy it? Mind [...]
City Moves for 19 May 2014 | Who’s switching jobs May 19, 2014 Colliers International The property company has announced the appointment of Henry Peto as a director in its tenant representation division. He was most recently at Cushman & Wakefield, where he worked in its London markets team. Squire Sanders The legal practice has appointed Gary Paddison as a partner in its real estate practice group. He [...]