CITY MOVES | WHO’S SWITCHING JOBS August 31, 2011 Argonaut Capital Partners The European equity boutique with £1.1bn of assets under management has appointed Edward James, formerly head of operations at Octopus Investments, as chief operating officer. Prior to Octopus, James worked at Euroclear, where he led the firm’s expansion into the UK fund processing model and managed the purchase of EMXCo, and at [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 19, 2011 FINANCIAL TIMES SIEMENS SHELTERS CASH AT ECB Siemens withdrew more than half a billion euros in cash deposits from a large French bank two weeks ago and transferred it to the ECB, in a sign of how companies are seeking havens amid Europe’s sovereign debt crisis. The German industrial group withdrew the money partly because [...]
Jobs data boosts FTSE but US markets falter October 7, 2011 London stocks have closed slightly higher after better-than-expected US jobs figures prompted an afternoon rally, but US markets remain down after fresh downgrades of Spain and Italy. The FTSE 100 index spiked sharply when US figures showed 103,000 new jobs created, and while it gave up most of the gains it still closed up 0.2 [...]
Vacancy rate falls at Land Securities July 19, 2011 LAND Securities, the UK’s largest real estate investment trust by value, said vacancy rates fell in the past quarter as it confirmed it was stepping up its development activity as stronger retailers look to take new floor space. The firm said yesterday it had cut its vacancy rate to 3.9 per cent at the end [...]
Vacancy rate falls at Land Securities July 19, 2011 LAND Securities, the UK’s largest real estate investment trust by value, said vacancy rates fell in the past quarter as it confirmed it was stepping up its development activity as stronger retailers look to take new floor space. The firm said yesterday it had cut its vacancy rate to 3.9 per cent at the end [...]
MPs call for bank reforms to be delayed August 31, 2011 A GROWING number of Tory backbenchers are calling for sweeping banking reforms to be delayed over fears they could damage the fragile economic recovery. Their intervention came as Vince Cable (pictured), the business secretary, attacked UK banks for being “disingenuous in the extreme” after they argued the Vickers reforms could force them to scale back [...]
Land Securities to start £275m of retail projects July 17, 2011 LAND Securities is close to starting work on a number of shopping development projects worth £275m, despite tough economic conditions still facing the retail sector. Britain’s biggest property company has lined up seven new projects in south-east England and the Midlands for retailers including Tesco and Primark, that together will create more than 1,000 jobs [...]
Land Securities to start £275m of retail projects July 17, 2011 LAND Securities is close to starting work on a number of shopping development projects worth £275m, despite tough economic conditions still facing the retail sector. Britain’s biggest property company has lined up seven new projects in south-east England and the Midlands for retailers including Tesco and Primark, that together will create more than 1,000 jobs [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 13, 2011 FINANCIAL TIMES INSURERS BLAME APPLE AS LEVEL OF FRAUDULENT CLAIMS RISES The readiness of Apple to replace blocked or faulty iPhones with new smartphones is helping to fuel a big rise in fraud, insurers warn. Specialist mobile phone insurers say fraudulent claims have risen sharply amid the recession, especially related to smartphones. They estimate between [...]
At a glance: everything you need to know from the Vickers report September 12, 2011 ICB: THE BENEFITS OF RING-FENCING Sir John Vickers, chair of the Independent Commission on Banking (ICB), stuck to his guns in insisting that his ring-fence proposal is the best way to ensure Britain’s banks are more stable and do not require costly bailouts if they fail. His main argument is that a ring-fence will make it easier to [...]