Law and accountancy firm coronavirus partner promotions: a poisoned chalice? April 22, 2020 Law and accountancy firms have promoted swathes of new partners in recent days with many firms hailing the strong rounds as a signal of confidence in the future. But with new partners typically required to stump up £50,000 to £100,000 to join partnerships, it is a potentially risky step up for the individual during the [...]
M&A in the UK falls a third on coronavirus and recession fears March 20, 2020 Dealmaking in the UK fell off a cliff this month with outbound M&A dropping to a seven-year low, as activity slowed amid the coronavirus outbreak. The global pandemic has sent markets into a frenzy, fuelling fears of severe damage to the economy and forcing central banks to take drastic emergency stimulus measures since the financial [...]
Budget 2020: Retail and leisure sector reacts to ‘disappointing’ business rates reform March 11, 2020 Business rates have been the key issue for retailers in the run up to today’s budget, made even more crucial by the outbreak of coronavirus. Chancellor Rishi Sunak announced measures to support more small leisure, hospitality and retail businesses with a rateable value of less than £51,000. Business rates for those firms will be scrapped [...]
Hammerson sells seven retail parks to Orion for £400m February 21, 2020 Hammerson has sold seven retail parks to Orion’s European real estate fund for £400m, the largest sale of its kind in the UK for a decade. The parks are dotted around the country in places such as Didcot, Falkirk, Rugby and Telford. The deal, which is expected to raise proceeds of £395m, takes the total [...]
Avoiding the mistakes of the British Steel pension scandal December 4, 2019 For those of us who haven’t been blessed with gold-plated pensions, the mere thought of sacrificing a guaranteed income in retirement might seem insane. So it may come as a surprise that around 210,000 people transferred out of defined benefit pension schemes in 2018/19, more than double compared to the previous year, according to figures [...]
If you were chancellor, what would be in your Budget? November 6, 2019 Today was scheduled to be the first Budget of Boris Johnson’s premiership. The chancellor announced the Budget last month, saying: “This is the right and responsible thing to do – we must get on with governing.” Unfortunately, to misquote a phrase, the best-laid plans of chancellors and Prime Ministers often go awry. The Budget has [...]
City Moves for 5 September – Who’s switching jobs at Moorwand, Eversheds Sutherland and Tandem Bank? September 5, 2019 Today’s City Moves includes Moorwand, Eversheds Sutherland and Tandem Bank. Moorwand Luc Gueriane has joined Moorwand, which provides provides electronic money services and access to Visa, Mastercard and other card schemes, as chief commercial officer. Luc will be focused on driving commercial success through the growth of Moorwand’s client base, programme portfolio and client retention. [...]
City Moves for 16 August – Who’s switching jobs at Matterport, the Portman Estate and Eversheds Sutherland? August 16, 2019 Today’s City Moves includes Matterport, the Portman Estate and Eversheds Sutherland. Matterport Matterport, a leader in 3D capture technology and data, has expanded its UK team with five key hires, including Nick Samuels (pictured) as strategic operational director. The growing team will support Matterport’s strategic expansion across Europe. Nick joins from property investment company Property [...]
City Moves for 23 May – Who’s switching jobs at Together, Weightmans and Openfin? May 23, 2019 Today's City Moves includes Together, Weightmans and Openfin. Together Specialist lender Together, which has a loan book of more than £3.74bn, has hired banking heavyweight Simon Raine as an advisor to its board. Simon – who has more than 35 years’ experience in financial services – joins from Handelsbanken, where he helped to develop its [...]
One Savings Bank and Charter Court announce terms of £1.6bn merger March 14, 2019 Challenger banks One Savings Bank and Charter Court have confirmed the terms of a £1.6bn merger. Following the completion of the deal One Savings Bank shareholders will own around 55 per cent of the combined company, the firm announced as it posted its full-year results for 2018. Read more: One Savings Bank and Charter Court [...]