City Moves for 11 September 2013 | Who’s switching jobs September 10, 2013 Covington The law firm has announced the appointment of Charlotte Hill as a partner in its London office. Hill specialises in financial regulatory matters. She was most recently a partner at Stephenson Harwood. PwC Daniel Hepburn has joined the reward team at the professional services firm, where he will advise on the design and implementation [...]
US indexes are close to highs after stock lifts January 27, 2013 STOCKS have been on a tear in January, moving major indices within striking distance of all-time highs. The bearish case is a difficult one to make right now. Earnings have exceeded expectations, the housing and labour markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of [...]
Moelis UK subsidiary reverses loss to swing into stellar profits August 27, 2013 THE BRITISH arm of boutique investment bank Moelis & Company more than doubled revenues last year despite a dip in advisory services in Europe, its annual accounts shows. Moelis’ UK subsidiary, which is based in St Paul’s Churchyard in the City, saw fee revenue increase from £19.8m to £44.5m for the year ending 2012, according [...]
Join an exclusive club in the City October 10, 2013 Luxury developments are stocking up on facilities normally found in five-star hotels HOLIDAYS are great. Want to go to the gym without stepping outside in jogging bottoms? Fancy a swim at 2am? Want to relax in your own private bar? And on top of that, there’s someone on the end of the phone waiting to [...]
Morgan Stanley revises down US GDP forecast July 18, 2013 Morgan Stanley has cut its second quarter GDP forecast for the US to 0.3 per cent from 0.4 per cent. The unexpected fall in housing starts and permits in June was probably temporary, said economist Ted Wieseman, but enough to warrant cutting the outlook. After a 9.4 percent pullback from the February cycle high, single-family [...]
Letters to the editor – 24/07 – Commuter towns, Internet publishing, Best of Twitter July 23, 2013 Commuter towns [Re: We must urgently fix Britain’s horribly broken housing market, Friday] A good piece. With population exploding, demand is rising inexorably in the South East, and new supply is coming from private landlords relentlessly subdividing houses into smaller flats. This is a problem, and is worsening people’s quality of life. We need a [...]
Mortgage lending jumps to highest in five years July 18, 2013 LENDING for property purchases leapt to its highest level since the end of 2008 in the second quarter, according to figures released yesterday by the Council of Mortgage Lenders (CML). Gross lending between April and June reached £42bn, up nearly a quarter on the previous three months. In June alone, £15bn was lent, rising two [...]
Marks & Spencer enjoys French renaissance as Paris sales leap July 21, 2013 MARKS & SPENCER saw sales across the Channel jump fourfold last year after rekindling its love affair with France, more than 12 years after its retreat from Europe. Sales jumped 330 per cent to €28m (£24m) in the year to 30 March from £6.5m the previous year, accounts filed last week on Companies House show. [...]
Fed caution gets undermined by strong US data September 19, 2013 BEN Bernanke’s surprise decision not to dial down the Federal Reserve’s money printing, which he justified on Wednesday by pointing to an uncertain US economy, was embarrassed by a sheaf of positive economic news revealed yesterday. The Federal Open Market Committee announced on Wednesday that it would “await more evidence that progress will be sustained” [...]
Reactions to the chancellor’s statement December 5, 2013 THE BUSINESS GROUPDirector general of the CBIJohn Cridland The CBI had lobbied the government to cap business rates at two per cent and support business finance. “We have always advocated the dual approach of tackling the deficit and driving growth – the OBR forecasts confirm it is working. Let’s stick with what works. “The pressure [...]