City Moves for 10 December 2013 | Who’s switching jobs December 9, 2013 AshurstThe law firm has hired Francis Kucera as a partner in its capital markets practice. He joins from Linklaters, where he was co-head of its Central and Eastern Europe office and the Commonwealth of Independent States region, and co-managing partner of Linklaters' Warsaw office. RBC Capital MarketsThe corporate and investment banking arm of the Royal Bank [...]
Everything revealed in the Budget March 19, 2014 Apparently this a budget for makers, doers, and savers. But enough of the buzzwords, onto the substance. GrowthThe UK grew by three times as much as the OBR predicted at the budget last year. Now the OBR has revised its growth forecasts up. 2014 should see growth of 2.7 per cent, up from the 2.4 [...]
Japanese firm buys Canopius in £594m deal December 18, 2013 JAPANESE insurance group NKSJ yesterday confirmed its £594m deal to buy Lloyd’s of London underwriter Canopius, becoming the latest firm to make inroads into the City’s historic insurance market. NKSJ will buy Canopius, its biggest ever acquisition, through its Sompo Japan subsidiary. The purchase means a windfall for Bregal Capital, whose funds own just over [...]
G4S turns down £1.5bn offer for cash solutions October 28, 2013 G4S, THE FTSE 100 outsourcing group, yesterday said it had rejected a £1.55bn offer from Charterhouse Capital Partners for its cash solutions business, claiming it undervalued the unit. The company said that it regarded the private equity firm’s offer as “highly opportunistic” and rejected it due to “the strategic importance of the cash solutions businesses [...]
Rathbones boss Pomfret to step down next year December 2, 2013 RATHBONE Brothers veteran chief executive Andy Pomfret yesterday said he was retiring from the company next year after a decade at the helm of the investment firm. Pomfret, who became chief executive in 2004 after joining the upmarket fund manager as finance chief in 1999, will stand down at the end February. The company, which [...]
London Report: New borrowing figures likely a boost for Britain November 17, 2013 CHANCELLOR George Osborne is likely to get a boost this week with October public borrowing figures predicted to show the economic recovery gaining strength. Corporation payments and profits from the Royal Mail share sale have helped boost the government coffers and the final set of figures before Osborne’s Autumn Statement are expected to be strong. [...]
Business bosses call for end to dithering on new runway plan November 19, 2013 DISGRUNTLED bosses have urged politicians to end their prolonged “dithering” on expanding Britain’s airports or face losing business to countries willing to allow more runways. More than a hundred corporate heads and business groups have signed the campaign to “Let Britain Fly”, which is backed by London First, the British Chambers of Commerce and the [...]
An evening celebrating all the very best of London business November 13, 2013 LAST night was an occasion to remember: City A.M.’s fourth annual awards celebrating the best and brightest of London’s business and financial communities. Over 480 guests from around 100 different firms attended the celebration, held at the Grange Hotel in St Paul’s. There was great food, music and company, as well as a rousing speech [...]
There is nothing worse than self-righteousness in business November 21, 2013 REMEMBER the righteous folk telling us that the problem with banking was all those nasty, profit making global corporations, with their horrid shareholders and especially those awful hedge funds? And that the answer was to encourage small, regional co-operatives, with their senior management drawn from a broader cross-section of the community to boost corporate governance? [...]
Get fit for free October 23, 2013 Corporate London is looking healthier than ever but while your company is fit for business … are you and your colleagues? In a unique partnership with London’s newest, cutting-edge fitness club LAX St. Botolph’s, we’re searching for five City workers to join us on a fitness journey. Nominate yourself, a colleague, manager or even director [...]