CITY A.M. | SHADOW MPC NARROWLY IN FAVOUR OF HOLDING STEADY June 6, 2012 ALLISTER HEATH | CITY A.M. “No change in rates or QE. Economic woes are not being caused by tight monetary policy. Rather, supply side reforms are still desperately needed, while on the demand side the restrictions on banks are holding back credit. The crisis can’t be solved with increasingly ultra-loose monetary tactics.” SIMON WARD | [...]
CITY MOVES | WHO’S SWITCHING JOBS June 11, 2012 Bellzone Mining The resource development company has appointed Glenn Baldwin as its next chief executive, effective 3 September. He joins from Consolidated Minerals, where he has been chief executive since September 2010, and replaces Nik Zuks. Baldwin has previously held senior roles at Gold Fields, Ivanhoe Nickel and Platinum, Southern Era Diamonds and Anglo American. [...]
Private sector keeps growing across England May 13, 2012 ECONOMIC growth slowed across the UK in April, according to survey data out today, though London continued to expand strongly. The capital’s solid growth pushed up employment, Lloyds and Markit’s purchasing managers’ index (PMI) revealed, though the rate of jobs growth stayed low in the rest of the country. London firms registered a PMI of [...]
Half a million wealthy Brits eye UK exit April 15, 2012 A GROWING number of wealthy Britons are weighing up a move abroad, with a possible exodus of more than half a million people over the next two years. Nearly one in five well-off Brits (19 per cent) are considering emigrating, sharply up from 14 per cent one year ago. The figures, compiled by Lloyds TSB, [...]
Half a million wealthy Brits eye UK exit April 15, 2012 A GROWING number of wealthy Britons are weighing up a move abroad, with a possible exodus of more than half a million people over the next two years. Nearly one in five well-off Brits (19 per cent) are considering emigrating, sharply up from 14 per cent one year ago. The figures, compiled by Lloyds TSB, [...]
Mobile banking firm Monitise buys US rival for £108m March 26, 2012 UK mobile banking technology firm Monitise has agreed to buy privately held US rival Clairmail for $173m (£108m), expanding its reach on the key North American market. In the UK the firm currently provides mobile banking applications for customers of Natwest, Lloyds TSB, Royal Bank of Scotland and HSBC. After the deal Monitise will reach [...]
CITY MOVES WHO’S SWITCHING JOBS May 14, 2012 Grant Thornton The professional services firm has appointed Andy Morgan as a partner in its London corporate finance team. Morgan is a technology expert and has over 17 years’ experience in mid-market mergers and acquisitions. He joins from PwC, where he led its UK technology, media and communications sector team. Mazars John McMahon has been [...]
The UK’s consumer debt burden is stifling hope of economic recovery June 27, 2012 THE Eurozone crisis has grabbed all the headlines. Yet Britain’s economic problems are not exactly the same as those of the Eurozone. In Euroland, the crisis has centred on banking and sovereign debt. In Britain, we have already given our banks plenty of capital. Remember the part-nationalisation of RBS and Lloyds TSB? It was in [...]
Monitise buys US rival firm March 26, 2012 MONITISE has made its first acquisition in its almost ten-year history with Clairmail, the US-based mobile banking software firm. The British financial services technology company forked out $173m (£108.5m) to buy its rival, which will account for 26.5 per cent of the combined group, worth almost £400m. The acquisition of Clairmail, which grew revenues by [...]
CITY MOVES | WHO’S SWITCHING JOBS March 25, 2012 Coutts Jennifer Mathias has been appointed chief financial officer of the wealth division of the Royal Bank of Scotland, with immediate effect. Mathias joins from Lloyds Banking Group, where she was finance director of the corporate banking division. She will report to Fiona Davis, finance director for retail and wealth within the Royal Bank of [...]