What the other papers say this Morning November 1, 2012 FINANCIAL TIMES Israel veto ends PotashCorp merger Israel says it will block Potash Corporation of Saskatchewan’s attempt to buy rival fertiliser Israel Chemicals, derailing a $15bn (£9.3bn) deal to create the world’s largest potash producer. The veto is the latest example of growing resource nationalism, in which governments block foreign attempts to buy mining, oil, [...]
City Moves | Who’s switching jobs October 16, 2012 Saffery Champness Ben Melling has been appointed partner in the accountancy firm’s London office. He joins from Rawlinson & Hunter, where he spent eight years as a partner. Melling also worked for Grant Thornton for 18 years, and was appointed to the partnership in 2000. Deloitte The business advisory firm has announced two senior appointments [...]
City Moves | Who’s switching jobs October 16, 2012 Saffery Champness Ben Melling has been appointed partner in the accountancy firm’s London office. He joins from Rawlinson & Hunter, where he spent eight years as a partner. Melling also worked for Grant Thornton for 18 years, and was appointed to the partnership in 2000. Deloitte The business advisory firm has announced two senior appointments [...]
CBRE acquires Franc Warwick September 9, 2012 CBRE, the commercial real estate services firm, confirmed yesterday it has acquired the niche property investment firm Franc Warwick in a move that further strengthens the global agent’s UK presence. Franc Warwick was co-founded by top industry dealmaker Franco Sidoli in 1988 and is regarded as one of the key players in the central London [...]
Retail sales post surprise rise in July August 16, 2012 Retailers reported an unexpected rise in sales in July and higher than earlier thought sales in June, data showed today, boosting hopes that consumer spending will help lift the economy out of recession. Retail sales volumes rose 0.3 per cent on the month to give an annual increase of 2.8 per cent, compared to economists’ [...]
Investment bank jobs slashed in new cuts round September 20, 2012 FIVE YEARS since the financial crisis began, investment banks are embarking on a new round of job cuts, slashing expenses to try to cope with the prolonged economic downturn. Nomura yesterday commenced its $1bn (£617m) savings programme, which is set to see one-third of its European investment bankers lose their jobs – many of whom [...]
Investment bank jobs slashed in new cuts round September 20, 2012 FIVE YEARS since the financial crisis began, investment banks are embarking on a new round of job cuts, slashing expenses to try to cope with the prolonged economic downturn. Nomura yesterday commenced its $1bn (£617m) savings programme, which is set to see one-third of its European investment bankers lose their jobs – many of whom [...]
Summer sun and Olympic fever fail to reignite UK’s retail sales August 6, 2012 RETAIL sales failed to significantly recover last month despite improved weather and the start of the London 2012 Olympic Games, figures from the industry have revealed this morning. Like-for-like sales in UK shops were virtually flat in July, edging up just 0.1 per cent compared to a year earlier, according to the British Retail Consortium [...]
City Moves | Who’s switching jobs October 7, 2012 Coutts Michael Mount has been appointed managing director, Coutts International UK at the wealth division of RBS. He joins from HSBC, where he was most recently a managing director in its UK private banking business. Mount has 27 years’ experience in international markets, and has also led business development at HSBC Private Bank, and served [...]
City Moves | Who’s switching jobs October 7, 2012 Coutts Michael Mount has been appointed managing director, Coutts International UK at the wealth division of RBS. He joins from HSBC, where he was most recently a managing director in its UK private banking business. Mount has 27 years’ experience in international markets, and has also led business development at HSBC Private Bank, and served [...]