Arcadis to buy EC Harris October 17, 2011 Dutch engineering firm Arcadis said it would acquire London-based buildings and infrastructure consultant EC Harris to strengthen its position in project management and expand its presence in the Middle East and Asia. The company, which also cut its outlook for 2011 earnings, has been looking for opportunities away from the struggling Benelux market, looking to [...]
CITY MOVES | WHO’S SWITCHING JOBS August 30, 2011 HSBC Private Bank HSBC Private Bank has appointed Katharine Brace as associate director on the media and entertainment team. Brace, who will report to Nick Price, managing director and global head of the media and entertainment group, joins from Barclays Wealth, where she was a vice president in the sports, media and entertainment team. Prior [...]
CITY MOVES | WHO’S SWITCHING JOBS October 11, 2011 LaSalle Investment Management The global real estate investment manager has announced the appointment of Chris Brett in the newly-created position of European head of strategic partnerships. Brett joins LaSalle Investment Management from Jones Lang LaSalle, where he headed the international desk in London and focused on advising major investors from the Middle East, Asia Pacific [...]
British Land taps US investors in record $480m private placement September 8, 2011 BRITISH Land, the second-largest UK real estate investment trust (REIT), has closed a $480m (£300.6m) US private placement bond issue, taking the total funds it has raised since May to $860m, it said yesterday. It is the largest US private placement by a UK REIT, involving 12 investors and a range of maturities between seven [...]
CITY MOVES | WHO’S SWITCHING JOBS August 21, 2011 Yorkshire Building Society Chris Pilling, head of branch network at HSBC Bank, has been appointed as chief executive of the UK’s second-largest building society. Pilling will join Yorkshire Building Society on 31 December, taking over from current chief executive Iain Cornish. Prior to joining HSBC as chief executive of its telephone and internet banking arm [...]
A twenty-first century trade policy for Britain October 26, 2011 THE world may seem in deep economic turmoil, but it is only our part of it. Across the planet, the lumbering Asian superpowers of China and India are ticking along nicely. For many UK companies, exports to these growing economies will be critical to pulling through the next few years. In the longer term, boosting [...]
A twenty-first century trade policy for Britain October 26, 2011 THE world may seem in deep economic turmoil, but it is only our part of it. Across the planet, the lumbering Asian superpowers of China and India are ticking along nicely. For many UK companies, exports to these growing economies will be critical to pulling through the next few years. In the longer term, boosting [...]
FTSE hit by fresh volatility August 11, 2011 The top share index pared gains by midday, as concerns over the stability of European banks in the face of the global debt and growth crisis took the wind out of an earlier advance. Barclays, Royal Bank of Scotland and Lloyds Banking Group swung violently on worries banks will sustain further losses associated with exposure [...]
FTSE hit by fresh volatility August 11, 2011 The top share index pared gains by midday, as concerns over the stability of European banks in the face of the global debt and growth crisis took the wind out of an earlier advance. Barclays, Royal Bank of Scotland and Lloyds Banking Group swung violently on worries banks will sustain further losses associated with exposure [...]
Why bank reform is all in the detail September 11, 2011 BAIL-INS, not bailouts: that ought to be the motto of any banking reformer worthy of the name – it will be interesting to see how much space is devoted to the concept in today’s report by the Independent Commission on Banking (ICB) (the document will include lots of good ideas, and also some rather silly [...]