Landlords fight retailer Game over rent rules February 9, 2014 LANDLORDS and computer games seller Game will head to the Court of Appeal this week to find out whether the retailer owes rent for the first three months after its collapse into administration in March 2012. Four of the country’s biggest shop landlords – Hammerson, British Land, Intu and Land Securities – argue that the [...]
City Moves for 28 January 2014 | Who’s switching jobs January 27, 2014 Salamanca Group The merchant banking and operational risk management firm has announced the appointment of Martin Devenish as group head of strategy. He previously spent 20 years at Goldman Sachs, where he was a partner and advisory director. KPMG The professional services firm has hired Nick Roome as a partner to lead its legal services [...]
Teachers have sweet tooth for biscuit maker November 18, 2013 BURTON’S Biscuits, the company behind retro favourites Jammie Dodgers and Wagon Wheels, was sold yesterday to a Canadian pension fund investor for £350m. The biscuit-maker, which also makes Maryland Cookies, will be taken over by Ontario Teachers’ Pension Plan’s private equity unit after Ontario beat 30 other suitors to take control of the coveted business. [...]
City Moves for 06 December 2013 | Who’s switching jobs December 5, 2013 Rowanmoor Group The pensions company has announced the appointment of Alan Godbeer as regional sales manager. He joins from Hornbuckle Mitchell, where he was a trustee consultant. Prior to that, Godbeer held various roles at Legal & General, Zurich Intermediary Group, and Scottish Equitable. Smith & Williamson The investment management and accountancy firm has recruited Michael Pagliari [...]
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 [...]
City Moves for 16 January 2014 | Who’s switching jobs January 15, 2014 Seddons The law firm has recruited James Ward as a partner in its private client team. He was most recently at Lee Bolton Monier-Williams, where he was a partner in its private client division. HSBC Private Bank The private bank has made two senior appointments. Paul O’Donnell joins as head of UK domestic. He has over 25 [...]
Gulf rig outfit taps London for $100m of cash February 17, 2014 GULF Marine Services yesterday announced plans to float on the London stock market in a deal valuing the oil services company at $1bn. The company, which is headquartered in Abu Dhabi but has offices near Aberdeen, said it expects to raise $100m in an initial offering of shares, which it will use to purchase a [...]
Insurers warn of insolvencies as low interest rates hit bottom line December 2, 2013 INSURERS are warning that low interest rates could cause insolvencies in their industry, a report from Linklaters has found. Two thirds of insurers are looking to explore new markets, according to the global law firm, as low rates mean they are unable to turn a profit. The report found that 65 per cent are looking [...]
UK banks get break from Volcker’s toughest plans December 10, 2013 BRITISH banks with US arms will be allowed to trade in UK government bonds on their own books, US authorities revealed yesterday, diluting earlier plans to ban the transactions. The incoming Volcker Rule is designed to stop banks trading on their own behalf on many financial markets, in a bid to stop what critics believe [...]
Tagging fiasco sees G4S credit UK £24m November 19, 2013 G4S has issued an update this morning on the scandal over its electronic tagging of prisoners. The Ministry of Justice's (MoJ) investigation into whether the outsourcing company overcharged the government for its electronic monitoring (EM) services between 2005 and 2013 is ongoing. (Release) The firm said that an internal review currently being conducted by Linklaters [...]