Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
City Moves for 26 September 2013 | Who’s switching jobs September 25, 2013 Macquarie The financial services group has recruited Jeremy Dibb as a senior analyst in its metals & mining equity research team for Europe, the Middle East and Africa. Dibb was most recently at Canaccord Genuity, where he was a director in its metals and mining research team. Royal Bank of Canada Capital Markets RBC’s corporate and [...]
City Moves for 25 September 2013 | Who’s switching jobs September 24, 2013 Rowanmoor Group The pensions company has announced the appointment of Matthew Robinson as national sales director. Robinson has over 24 years’ experience in financial services, gained with Aegon UK and Scottish Equitable. Jones Lang LaSalle The real estate investment firm has recruited David McCosh as a director in its retail team. He joins from Stephen Kane. DAC Beachcroft [...]
China factories set to avoid a hard landing September 23, 2013 CHINA’S manufacturers have suggested that their sector is now solidly back to expansion, as purchasing managers indicate the best environment for business in the past six months. HSBC’s purchasing managers’ index (PMI) for manufacturing in China reached 51.2 this month, up from 50.1 in August, with any number over 50 suggesting that the sector is [...]
City Moves for 24 September 2013 | Who’s switching jobs September 23, 2013 Rockspring The property investment company has announced the appointment of David Thomas as European director responsible for its fund accounting team. Thomas was most recently at PwC, where he spent nine years specialising in investment management and real estate. Barclays The bank has recruited Peter Horrell as chief executive of its wealth and investment management [...]
Should we all just stay in bed? September 23, 2013 NASA is paying guinea pigs to work from their bed – but how productive can we be outside of the office? Melissa York investigates the pros and cons of homeworking THIS week, US space agency NASA announced it was looking for regular guys like you and me to join a special project. Hold on before [...]
Lambert wants US banks to join standards body September 22, 2013 RICHARD Lambert, former director general of the Confederation of British Industry, who was appointed by Britain’s biggest banks to set up a new independent banking standards body on Thursday, is calling for the big US banks to sign up. The body will be independent from the banking industry, and has been initiated following a recommendation [...]
Stockbrokers get socked at Boodles Boxing Ball September 22, 2013 TO MAYFAIR on Saturday evening for the biennial Boodles Boxing Ball, this year held at the Grosvenor House hotel. There were several City-based amateur boxers doing the rounds in the ring and helping raise £200,000 for children’s charity Starlight. Sir Richard Branson’s son-in-law, shipbroker Fred Andrewes, took down Investec’s Adam Bidwell while Balthazar Fabricius, founder [...]
London Report: Fed pledge lifts FTSE as mining shares tick up September 19, 2013 BRITAIN’S top share index climbed on yesterday, with the US Federal Reserve’s decision to delay a reduction in its monetary stimulus boosting investors’ appetite for risk-sensitive sectors such as miners. The FTSE 100 index tracked a rally in global equities after the Fed surprised markets on Wednesday night by saying it wanted to wait for [...]
Brand Index: Account switching means banks must fight to stay current September 17, 2013 THIS WEEK, new rules took effect that will allow the UK’s 46m current account holders to switch banks in seven days. According to 2011 research from the Banking Commission, the average customer stayed with the same bank for 26 years, but with switching now easier than ever before, we could be entering a new era [...]
UK workers’ low savings sparking retirement crisis September 16, 2013 A FIFTH of Britons now suspect that they will never earn enough money to retire, more than in the US, Canada or Australia, according to a report released today by HSBC. With a squeeze in wages and inadequate savings for retirement, the UK performs poorly in terms of what people expect from life after work. [...]