WHAT THE OTHER PAPERS SAY THIS MORNING May 16, 2011 FINANCIAL TIMES WEST COAST RAIL FACES RETURN TO STATE HANDS Britain’s most profitable train franchise could be taken back into state hands following a government decision to delay the auction of the West Coast service amid an overhaul of the rail system. Virgin Trains is due to hand back the contract to run the lucrative [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 16, 2011 FINANCIAL TIMES WEST COAST RAIL FACES RETURN TO STATE HANDS Britain’s most profitable train franchise could be taken back into state hands following a government decision to delay the auction of the West Coast service amid an overhaul of the rail system. Virgin Trains is due to hand back the contract to run the lucrative [...]
INSURANCE COMPANY OF THE YEAR | The Shortlist day eight June 28, 2011 Insurance companies have endured an exceptionally costly year so far thanks to a bitter winter in Europe and devastating earthquakes in New Zealand and Japan. Insured losses in the first quarter alone are at a record level, testing the discipline of firms’ risk management. As the largest insurance hub in Europe, the City’s insurers play [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 4, 2011 FINANCIAL TIMES BREWER’S FINANCE CHIEF TO RETIRE SABMiller is ushering in a new era after Malcolm Wyman, who has served as chief financial officer for the past decade, announced plans to retire at the annual meeting in July. My Wyman, 64, will be replaced by James Wilson, finance director for European operations. Mr Wilson, 51, [...]
ALL CHANGE AT LLOYD’S AS IT RINGS 25 YEARS May 26, 2011 IT MAY seem like only yesterday for many City veterans, but today marks 25 years since the first managing agents moved into the landmark Lloyd’s building on Lime Street. So happy anniversary to the insurance giant, which still shows traces of more than 300 years of Lloyd’s history, such as the famous Lutine Bell, which [...]
CITY MOVES | WHO’S SWITCHING JOBS April 25, 2011 Gap The US retailer has announced that it will combine its international operations into one London-based division, to be led by Stephen Sunnucks, the new president, international of Gap Inc. Since joining the company five years ago, Sunnucks has guided the growth of Gap and Banana Republic in Europe. Gap has also appointed John Ermatinger, [...]
CITY MOVES | WHO’S SWITCHING JOBS May 3, 2011 Ashcourt Rowan Ashcourt Rowan, the wealth management division of Syndicate Asset Management, has appointed Paul Miles as director of intermediary services. Miles joins Ashcourt Rowan from discretionary fund management platform Parmenion, where he was sales director for the last three years. Miles will report to Christopher Jeffreys, Syndicate’s director of asset management, who has been [...]
CITY MOVES | WHO’S SWITCHING JOBS April 6, 2011 SWIP William Low has been appointed as head of global equities at Scottish Widows Investment Partnership’s (SWIP) International Equities team. Low, who joins from a 15-year tenure as director and portfolio manager at Blackrock, will be based in SWIP’s Edinburgh office and will be responsible for driving the firm’s global equity strategy across a range [...]
London must fight hard to keep headquarters April 13, 2011 HAVE you ever played Whac A Mole? A menacing, flinty eyed mole pops up out of his hole, and no sooner have you whacked him down than another menacing mole pops out of another hole. However hard you whack, that menace remains. It is the same for those who defend London as a global financial [...]
HARTSON: YOUNG BOSS BETTER FOR WEST HAM June 6, 2011 Ex- Hammers striker insists club should have hired an up-and-coming manager instead of Allardyce FORMER West Ham star John Hartson believes the east London club have made a mistake in appointing Sam Allardyce as boss, insisting they should have put their faith in a young up-and-coming manager. Barcelona gambled on the inexperienced Pep Guardiola three [...]