City Moves for 6 May 2016 | Who’s switching jobs May 6, 2016 The Chartered Institute of Internal Auditors The Chartered Institute of Internal Auditors has announced the appointment of its new chief professional practice adviser, Liz Sandwith, who brings over 28 years’ experience in internal audit and risk management. Liz joins from Bupa where she held a number of roles in her five years there – from [...]
The case for Hinkley Point C has collapsed: It’s time to scrap it July 28, 2016 Assuming its unions have not succeeded in stopping it, the board of EDF is today expected to wave through a decision on Hinkley C, the first new nuclear power station in the UK for 20 years and, at £18bn, the world’s most expensive power station. It’s easy to forget, Hinkley C was the future once. [...]
UK airports witness record passenger growth in 2015 putting pressure on government to respond to Airports Commission report April 13, 2016 UK airports saw passenger growth take off to record levels in 2015 after a fight back from the financial crisis of 2008-09, new figures show. Over 251m passengers used UK airports in 2015, representing an increase of 5.6 per cent on the previous year, putting pressure on the government to respond to the Airports Commission Final Report, [...]
Pound jumps against the dollar as UK inflation figures beat expectations in March April 12, 2016 The pound jumped against the dollar this morning, after UK inflation for March beat economists' expectations, data released today by the Office for National Statistics (ONS) has shown. British consumer prices rose 0.5 per cent year-on-year in March, ahead of expectations for a 0.4 per cent increase, and up from 0.3 per cent a month earlier. Read more: Inflation basket [...]
UK-India relations: Both countries can only gain from even stronger economic ties February 17, 2016 When India’s Prime Minister Narendra Modi visited London last year, 60,000 people came to Wembley Stadium to listen to him. That was the largest reception a foreign leader has ever received on a visit to Britain. And it speaks volumes about the deep ties that exist between Britain and India. These ties are emotional, historical [...]
UK house prices: Housing indices like the ONS and Rightmove just aren’t in line with reality February 23, 2016 For those of us involved with the prime central London (PCL) residential property market, last week delivered some ‘good’ news; where the latest ONS housing data showed an annual increase of 9.4 per cent. That lead Rightmove to announce that the capital has seen the biggest rise in asking prices, year-on-year, than any other region in the UK, increasing by [...]
Tullett Prebon share price rises as its profits spike on oil price volatility March 1, 2016 Tullett Prebon's shares rose 0.6 per cent to 350.6p this afternoon, after oil proved to be black gold for the broker. The figures: Tullett Prebon's revenue increased 13 per cent to £796.0m in the year ended December 31st, from £703.5m in 2014. Energy sector revenue swelled 102 per cent to 204.3m during this period, helping to offset falls in treasury [...]
Grainger joint venture goes on £57m west London buying spree February 9, 2016 Grainger and Dutch pension fund APG have bought a large residential estate near Kew Bridge in west London for £57.3m, as the pair continue to expand their presence in the private rental sector (PRS). GRIP, the residential property fund set up by Grainger and APG in 2013, has acquired the freehold of Kew Bridge House [...]
Stagecoach’s share price jumps after it announces it will offload European megabus despite fall in profits June 29, 2016 Stagecoach's share price has jumped over three per cent in early morning trading, despite its profits sliding, as it announced it was offloading European megabus to FlixBus. The figures Stagecoach's full year revenue for 2016 was £3.87bn, a rise for the £3.2bn from 2015. However, profit before tax fell 37 per cent to £104.4m in the 12 months [...]
When two don’t become one: Kensington & Chelsea clamps down on applications to combine homes April 28, 2016 First it was mega-basements, now joined homes are coming under scrutiny. The Royal Borough of Kensington & Chelsea (RBKC) has said it is keeping a stern eye on homeowners who want to knock properties together in attempt to meet its supply targets and prevent the loss of any more homes. Research from high-end property search firm [...]