City Moves for 24 May 2016 | Who’s switching jobs May 24, 2016 The Dining Club Group The Dining Club Group, owner of dining clubs, tastecard and Gourmet Society, has announced that Annette Court has been appointed as the group’s new chair. Annette brings a wealth of experience to the role. She is currently a non-executive director of the boards of Admiral Insurance Group, Jardine Lloyd Thompson Group, [...]
Business traveller? Check out this retro advert for City Airport from the 90s May 5, 2016 As Londoners head to the polling stations to choose their next mayor, the fate of City Airport hangs in the balance. While planners and politicians to and fro over London airport expansion, Green party candidate Sian Berry has other ideas, and pledges to demolish the whole thing if she wins the race for City Hall. [...]
UBS profits slump as bank warns on future risks May 3, 2016 Profits at UBS fell more sharply than expected in the first quarter, as the Swiss lender took a hit on its wealth management business. The figures Zurich-based UBS said net profit for the first quarter fell 64 per cent to 707m CHF ($£503m), from 1.98bn CHF in the same period last year. Analysts had expected a [...]
Why this could be the week that Rory McIlroy’s season catches light May 2, 2016 It didn't happen for him at the Masters and he is still looking for a first win of 2016 but this week looks as good an opportunity as any for Rory McIlroy to get off the mark. The Northern Irishman is set to make his first appearance since his tie for 10th at Augusta on [...]
Tackle the hottest event in skiing: The Inferno is the longest, oldest (and poshest) ski race in the world April 15, 2016 Mürren is arguably the birthplace of modern ski racing and yet paradoxically is the sleepiest of ski villages. With no cars and perched on a rock ledge with little room for expansion, the feel in the 1920s must have been similar to today. For one weekend each year at the end of January the quiet [...]
Rothesay Life buys up a large chunk of Aegon’s UK annuity portfolio, as it announces a boost to its profits for 2015 April 11, 2016 When chancellor George Osborne first revealed the pension freedom rules, some feared it would be the death knell for annuities (although recent figures suggest it has been anything but). However, Rothesay Life was clearly not among the naysayers. The life insurer announced today that it had bought up £6bn worth of annuity portfolio from Aegon's UK subsidiary, Scottish Equitable, under [...]
The definitive ranking of the cities where bankers are paid the most (spoiler: London isn’t at the top) April 11, 2016 Looking for a payrise? You could do much worse than moving to New York, according to new findings, which showed bankers in the big apple earn almost as much from their salary alone as those in London do from their salary and bonus combined. Salary benchmarking site Emolument.com compared the salaries of bankers at analyst and [...]
Fintech helps London to keep global finance title – but concerns about Brexit, housing and airport capacity must be addressed April 6, 2016 London has retained its title as the financial centre of the world, according to a global study published today –but second-placed New York is keeping up the pressure. The City wrested the Global Financial Centres Index title back from the big apple in September last year after receiving a boost from the Conservative party’s General Election victory. This time round, the capital’s booming financial technology [...]
Panmure Gordon boss boasts of first quarter profitability despite record loss for 2015 and Brexit headwinds March 31, 2016 Panmure Gordon’s chief executive has played down the company’s record £16.7m loss for 2015, while boasting of a return to profitability in the mid cap specialists first quarter. The broker warned though that market volatility and fears over the approaching European Union membership referendum could weigh on its performance. “Headwinds aside, we’re in good shape,” [...]