Europe’s banks take stress tests more seriously October 12, 2014 EUROPE’S biggest banks have raised far more capital ahead of this year’s stress tests than they did last time their books were scrutinised, according to an analysis of capital markets activity by lawyers at Linklaters. Banks have raised €34.7bn (£27.3bn) so far this year, 32 per cent more than they raised in the 12 months [...]
US law firms now challenge the City’s Magic Circle following financial crisis January 11, 2015 Banks’ troubles following the financial crisis have seen US law firms rise up to challenge the Magic Circle The dominance of the Magic Circle in the City of London is as much an institution as the pin-striped suit. But time is unforgiving, and traditions and fashions are eventually challenged and dispensed with. It is only [...]
City Moves for 11 December 2014 | Who’s switching jobs December 10, 2014 Baringa James Belmont joins the management consultancy as director of its new risk analytics service. Belmont has over 15 years’ experience in consultancy and industry, and has held senior positions at Barclays, Alliance & Leicester and PA Consulting. Linklaters The law firm has appointed Scott Campbell as managing partner for the United Arab Emirates. The [...]
Film review: Palo Alto October 20, 2014 ★★★★☆ Cert 15 In Richard Linklater’s coming-of-age film Boyhood, being a teenager looks like a lot of fun. The sense of possibility is palpable, and the world seems like an endless stream of opportunities for the taking. In Palo Alto, being a teenager looks bewildering and the world seems utterly incomprehensible. Adapted from [...]
City Moves for 16 September 2014 | Who’s switching jobs September 15, 2014 Universities Superannuation Scheme The defined benefit pension scheme has appointed Jennifer Halliday as chief financial officer. She joins from Quaker Chemical Corporation, where she was global finance director. Halliday has also held senior roles at Vanguard, FMC Corporation, and Cheadle Royal Hospital. Lloyds Bank Commercial Banking Mark Burton has been appointed regional managing director of [...]
City Moves for 15 September 2014 | Who’s switching jobs September 14, 2014 Linklaters Stuart Bedford has been appointed London head of corporate at the law firm. Previously head of Linklaters’ corporate practice in Asia, he has a background in private and public mergers and acquisitions, joint ventures and capital raisings. Bedford succeeds Sarah Wiggins. Lend Lease The property and infrastructure group has appointed Rob Heasman as project [...]
Laying down the law on M&A and sell offs September 22, 2014 LAW FIRM of the year The past year has seen law firms work with the government and banks on the selling of shares and on the investigations into alleged failings at big companies. Against that backdrop lawyers have also started to benefit from the upturn in the M&A and financing markets, beefing up their private [...]
Silver for Barclays beach volleyball team as the City battles it out in the sunshine July 21, 2014 What better time to enjoy a corporate volleyball mash-up than the hottest day of the year? Friday saw teams from the likes of Barclays, Bank of America Merrill Lynch, Linklaters and Fitch Ratings go up against each other on Action for Kids’ beach volleyball courts but victory was saved for the returning champions Reebok [...]
British Car Auctions looking to raise £200m in November IPO October 6, 2014 British Car Auctions (BCA), owner of online car buying service webuyanycar.com, is preparing to float on the stock market. The company, which operates in 12 European countries as well as Brazil, is aiming to raise around £200m through placing at least 25 per cent of its issued share capital. John Olsen, chief executive [...]
Webuyanycar owner BCA gears up for London IPO October 6, 2014 Britain's largest car auctioneer BCA has confirmed plans to list on the London Stock Exchange, in a move that would value the business at £800m. Blackbushe-based BCA, which acquired webuyanycar.com last August, is looking to raise £200m by issuing a quarter of its equity. The company said the proceeds would be used to pay [...]