CITY MOVES | WHO’S SWITCHING JOBS December 5, 2010 Linklaters Linklaters, the global law firm, has appointed Anne Byrne as UK head of real estate, based in London. Byrne, a partner since 2001, previously worked for Capital Shopping Centres and ProLogis and recently acted for UBS on its new European headquarters building at Broadgate. Linklaters also hired Yves Moreau as the global head of [...]
Cable & Wireless Worldwide says it is happy with current full-year target November 16, 2010 TELECOMS firm Cable & Wireless Worldwide is comfortable with full-year expectations after posting first-half sales and earnings in line with forecasts despite pressure from cuts to UK public spending. C&W Worldwide (CWW), which concentrates on the global corporate market and has a large presence in Britain, said the “satisfactory” results had been held back by [...]
Chaucer aims to grow car insurance arm November 18, 2010 INSURER Chaucer will expand its UK motoring operations as part of an ambitious new growth strategy. It says the push into motoring insurance will involve a “significant” presence on price-comparison websites. Chaucer wants to balance its exposure to the catastrophe business, which offers high returns but high volatility, with a greater input to the lower-risk [...]
Chaucer aims to grow car insurance arm November 18, 2010 INSURER Chaucer will expand its UK motoring operations as part of an ambitious new growth strategy. It says the push into motoring insurance will involve a “significant” presence on price-comparison websites. Chaucer wants to balance its exposure to the catastrophe business, which offers high returns but high volatility, with a greater input to the lower-risk [...]
Factory orders in sharp fall October 19, 2010 Factory orders fell at their sharpest pace since April this month, the CBI’s October industrial trends survey showed on Tuesday. The Confederation of British Industry survey’s total order book balance dropped to -28 this month from -17 in September, below expectations of a reading of -19. “The recovery in the manufacturing sector is well grounded [...]
Spending Review Reaction October 20, 2010 THE GILTS EXPERT Killik & Co provides advisory services to private investors of all sizes. It offers advice on a wide range of financial matters, including CFDs, equities, fixed income markets and funds of funds INVESTMENT STRATEGIST PATRICK GORDON “The gilts market reaction has been fairly muted to the spending review although we did see [...]
Stockholm Syndrome and Dementors rule the law December 21, 2010 A HARD year for the City’s legal market is drawing to a close, and lawyers at those firms that haven’t cancelled their Christmas parties are looking forward to a booze-filled lead up to the New Year. And giving their two cents in RollOnFriday’s annual Firm of the Year survey. There seems to be little festive [...]
UK manufacturing output on the climb November 1, 2010 Manufacturing growth picked up pace last month for the first time since March and broader activity in the sector also accelerated unexpectedly, a leading industry survey showed. Markit/CIPS’s headline manufacturing Purchasing Managers’ Index (PMI) rose to 54.9 from September’s 10-month low of 53.5, its highest level since July and in contrast to economists’ expectations for [...]
British Land eyes disposal of City assets November 16, 2010 LONDON landlord British Land intends to sell assets in the City financial district as it takes a more trading-focused investment strategy, adding an uptick in its exposure to prime offices may not last long. The company said yesterday its £1bn share in developing 2.1m square feet of prime offices in central London would see its [...]
CITY MOVES | WHO’S SWITCHING JOBS November 18, 2010 Man Group The alternative asset manager has hired Jenny Morton as head of consultant relations, starting on 22 November. She joins from Putnam Investments, where she was head of global consultant relations, and has also held senior roles at Fidelity, Boston Partners and the Boston Company. Morton will report to Paul Dackombe, head of institutional [...]