Government turns down G4S’s £24m offer for lag tag errors November 19, 2013 G4S HAS apologised and offered to give the government a credit note for £24.1m after mistakenly charging for electronic tags on criminals who were released years before, or already in jail, or dead. However, the Ministry of Justice has so far spurned the offer, and is taking advice from lawyers and auditors to try and [...]
Linklaters scores Singapore law licence but 19 firms miss out February 19, 2013 SINGAPORE has granted four international law firms the right to practice in the city state, in only the second round of licences to be awarded since it liberalised its legal system in 2008. Linklaters, Sidley Austin, Gibson Dunn & Crutcher and Jones Day all won approval to practice Singapore law including corporate, project finance and [...]
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 [...]
City Moves for 18 October 2013 | Who’s switching jobs October 17, 2013 EdisonThe investment intelligence firm has announced the hire of Angus McPhail as an equities analyst in its oil and gas team. He specialises in mid-cap exploration companies. McPhail has previously worked as an analyst at Investec, Alliance Trust, ING, and WH Ireland. BNY Mellon Asset ManagementThe investment management company has appointed Heneg Parthenay as chief operating officer [...]
City Moves for 10 September 2013 | Who’s switching jobs September 9, 2013 Mercer The consultancy firm has announced the appointment of Deb Clarke as global head of investment research. Clarke joined Mercer in 2005 from Towers Watson, where she was a senior investment consultant. She was previously a fund manager for 20 years. Schroders Divyesh Hindocha has joined the asset management company as global head of product [...]
City Moves for 04 September 2013 | Who’s switching jobs September 3, 2013 SJ Berwin The law firm has appointed Paul Stothard as a partner in its litigation practice. He was most recently at Dentons, where he was a partner in its litigation and dispute resolution group. Prior to that, he was an associate at Denton Wilde Sapte, and Allen & Overy. Quadrant Estates James Bidwell has joined the property [...]
The Nominations: A very warm welcome to the shortlists for the City A.M. awards 2013 September 8, 2013 TODAY we kick off the countdown to this year’s City A.M. Awards with the first of the shortlists for an event that has rapidly established itself as a highpoint in the annual calendar. Our awards, now in their fourth year, celebrate all of the City’s main sectors and the people that make sure London remains [...]
City Moves for 03 September 2013 | Who’s switching jobs September 2, 2013 Quantum Advisory The actuarial and benefits consultancy has announced the appointment of Deon Dreyer as principal investment consultant. Dreyer joins from PwC, where he was an investment director in its pensions risk business. Prior to that, he was a regional head of investment consulting at Aon Hewitt. RBS Alan Ainsbury has been appointed head of [...]
Bottom Line: Prospectus is not enough to seal the deal September 12, 2013 FOR potential investors in Royal Mail, the next few weeks will provide plenty of time to get stuck into the lengthy prospectus for the float, and to try to decide whether the government has made an investment case worth taking a chance on. Initially, their heads may be turned by the dividend. The government has [...]
Allen & Overy tops capital markets adviser table July 17, 2013 MAGIC circle law firm Allen & Overy has come out on top in a global round-up of legal advisers to the debt and equity capital markets, winning roles on more than 450 deals in the first half of 2013. According to the latest Thomson Reuters survey, combined debt and equity capital markets activity totalled $3.4 [...]