CITY MOVES WHO’S SWITCHING JOBS June 24, 2009 Close BrothersThe financial services group has appointed Sven Guckelberger as a managing director to its corporate finance advisory arm, Close Brothers Corporate Finance, which has recently been sold to Daiwa Securities SMBC Europe. Guckelberger will join the restructuring and debt advisory group. Fenchurch The investment banking boutique has hired Julian Avery as a senior adviser, [...]
Fast food prospers as consumers loosen belts June 23, 2009 WHILE the recession continues to claim casualties from a variety of sectors, others are finding that an economic downturn has boosted business. One of the sectors whose BrandIndex scores have notably risen is fast food. As usual, we have created a “basket” of brands (Burger King, Domino’s, KFC, McDonald’s, Pizza Hut and Wimpy). For comparison, [...]
Fast food prospers as consumers loosen belts June 23, 2009 WHILE the recession continues to claim casualties from a variety of sectors, others are finding that an economic downturn has boosted business. One of the sectors whose BrandIndex scores have notably risen is fast food. As usual, we have created a “basket” of brands (Burger King, Domino’s, KFC, McDonald’s, Pizza Hut and Wimpy). For comparison, [...]
Lloyds faces 70,000 claim in tribunal of sacked single mother May 18, 2009 LLOYDS is fighting a £70,000 employment tribunal suit after a former City-based audit manager launched a claim, saying she was fired for being a black single mother. Alison Weekes, 39, is accusing the bank of firing her after saying she was not “truly committed” to the job compared to single male colleagues. Weekes, the mother [...]
Lloyds faces 70,000 claim in tribunal of sacked single mother May 18, 2009 LLOYDS is fighting a £70,000 employment tribunal suit after a former City-based audit manager launched a claim, saying she was fired for being a black single mother. Alison Weekes, 39, is accusing the bank of firing her after saying she was not “truly committed” to the job compared to single male colleagues. Weekes, the mother [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 9, 2009 FINANCIAL TIMESSTRATEGIC REVAMP FOR LLOYD’SLloyd’s of London has begun the biggest strategic review it has undertaken this decade in an attempt to ensure the more than 320-year-old insurance market does not fail in exploiting the gaps in the market thrown up by the financial crisis. The institution, which deals in insurance risks from all over the [...]
Hornby lands top Boots job June 8, 2009 FORMER HBOS chief executive Andy Hornby, who was criticised for allowing the bank to ring up huge corporate losses, was yesterday named as chief executive of high street giant Alliance Boots. The failed banker is likely to receive a pay package of around £1m. Although the company refused to give a precise breakdown of Hornby’s [...]
Slaughters in fracas with Lib Dem peer June 24, 2009 LORD Oakeshott, the Liberal Democrat Treasury spokesman, has become embroiled in a row with “magic circle” legal firm Slaughter and May after he accused it of handing the government a “simply mind-blowing” £22m bill. The bill relates to “financial stability” work carried out for the Treasury in the the financial year 2008 to 2009. Slaughters [...]
Shadow MPC divided over policy moves June 3, 2009 DESPITE early signs of an economic recovery, interest rates should be kept on hold at 0.5 per cent according to all nine of City A.M.’s shadow MPC committee, ahead of the Bank of England’s June monetary policy decision due today at midday. The Bank of England has already announced asset purchases of £125bn out of [...]
CITY MOVES WHO’S SWITCHING JOBS June 17, 2009 ResolutionEntrepreneur Clive Cowdery’s investment vehicle has hired Elizabeth Filbert, pictured, and Jon Hack as new partners, taking the total tally of partners in the business to seven. Gilbert was previously co-head of the European financing group for financial institutions at Goldman Sachs. Hack was a managing director and head of the UK financial institutions group [...]