City Moves for 12 May 2016 | Who’s switching jobs May 12, 2016 EDM Group Provider of information and business process management technology and services to the UK insurance industry EDM Group has appointed Chris Hall as managing director, Insurance Services for EDM UK. Chris has over 30 years’ IT experience in senior leadership roles. Previous experience includes seven years spearheading Dell’s online presence in Europe; seven years [...]
Companies not doing enough to protect themselves from cybersecurity risks, believing their business will not be a target for attacks January 27, 2016 Despite business leaders' concerns about cybersecurity, companies are failing to protect themselves against risks, believing the worst will not happen to them. Research released today by insurer Aviva has found that two in five (44 per cent) small- and medium-sized businesses in the UK think the odds are unlikely of them being the target of a cyberattack [...]
Not so much revolution as boardroom evolution April 28, 2016 We may not be in the throes of a full-on shareholder spring – as happened back in 2012 – but investors are definitely flexing their muscles. They railed against generous executive pay packages at BP and Anglo American (with 59 per cent and 42 per cent rejecting the remuneration deals, respectively), while smaller double-digit rebellions have [...]
Plus500 promotes Elad Even-Chen to group chief financial officer as non-exec Paul Boyle steps down March 15, 2016 Plus500 has promoted Elad Even-Chen to the role group chief financial officer. Even-Chen is currently finance director and vice president of business development for the Aim-listed firm, where he has worked for the last four years. Prior to joining he was at KPMG, where he specialised in commerce and real estate audit. The promotion takes [...]
FTSE 100 has a muted start as investors await European Central Bank big reveal March 10, 2016 The FTSE 100 made a muted start to trading today, as investors nervously awaited a big reveal from the European Central Bank's Mario Draghi, who is expected to take rates further into negative territory later today. The FTSE 100 edged down 0.1 per cent in early trading, as economists expected Draghi to cut the central bank's deposit rate [...]
City Moves for 21 April 2016 | Who’s switching jobs April 21, 2016 Lincoln International Lincoln International, the global mid-market investment bank, has announced that Tomas Freyman has joined the firm’s London office as a managing director specialising in valuations. Tomas will be part of the firm’s global valuations and opinions group and will work closely with Ron Kahn, who co-heads that group and is based in Chicago. [...]
Shareholder voices heard loud & clear April 28, 2016 The shareholder spring picked up pace yesterday, when investors voted against boardroom pay rewards for engineering firm Weir Group and Shire, the FTSE 100 pharmaceutical group. The revolts came on the back of major uprisings at oil giant BP, miner Anglo American, energy firm Centrica and financial behemoth Citigroup. “This year has seen a ‘spring [...]
Biotech, robots, Fangs – what’s the hottest tech to invest in? July 26, 2016 The sudden craze for mobile game Pokémon Go has brought the spotlight back onto the potential for investors in technology. The game became the fastest-adopted in history following its release two weeks ago, and shares in co-owner Nintendo rose a massive 70 per cent. The share price has since been tempered with a 17 per cent [...]
City Moves for 13 January 2016 | Who’s switching jobs January 13, 2016 Mount Anvil Mount Anvil, a residential-led central London developer has announced the appointment of Hilary Wells as its first people director. Hilary joins from wine and spirits merchant Berry Bros & Rudd, a family-owned business dating back to 1698 with a turnover of more than £200m, where she led the transformation of the company’s approach [...]
Aviva takeover of rival Friends Life completes April 13, 2015 UK INSURER Aviva was up by 1.17 per cent after the first day of trading following completion of its takeover of Friends Life. The company announced yesterday that almost 1.1bn new Aviva shares had been admitted to the London Stock Exchange, taking its total number of issued shares to around 4.05bn. Aviva unveiled its £5.6bn [...]