CITY MOVES WHO’S SWITCHING JOBS August 31, 2009 PricewaterhouseCoopersThe accountancy giant has appointed Nick Secrett to its pensions capital management team, which was launched at the end of last year and is headed up by partner Chris Massey. “Secrett has a wealth of capital markets expertise and will work with our clients to model and control their pension financing and investment risks,” said [...]
The private equity boss who says credit is about to flow once again October 5, 2009 THE economic downturn has meant that private equity business Duke Street, like the rest of the industry, has spent the last 12 months treading water – and its managing partner Peter Taylor is keen the firm gets on with things over the coming year. Cutting deals is meat and drink to London’s private equity industry. [...]
A poor economic backdrop will see UK stocks trail their overseas peers October 20, 2009 IT’S hard to be optimistic about Britain’s economy. It lags behind both France and Germany in exiting recession and a sharp contraction in industrial output in September cast doubt over how positive third quarter GDP data – released this Friday – will be. A slow and protracted recovery lies ahead, according to the Bank of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 19, 2009 FINANCIAL TIMES INVESTCORP REPORTS FIRST LOSSInvestcorp reported its first annual loss in its history after the London and Bahrain-listed investment group suffered big falls on its hedge fund investments and heavy writedowns at its private equity and real estate arms. The company, which made its name investing in retailers Gucci, Tiffany and Saks Fifth Avenue, [...]
CITY MOVES WHO’S SWITCHING JOBS September 13, 2009 Berwin Leighton PaisnerThe law firm has hired Russell Clifford as an asset finance partner and David Irving, pictured, as a director in the trusts and private tax team. Clifford, who was previously at Allen and Overy, specialises in structured asset finance, particularly rolling stock financing transations. Irving, who formerly ran a private equity and real [...]
CITY MOVES WHO’S SWITCHING JOBS September 13, 2009 Berwin Leighton PaisnerThe law firm has hired Russell Clifford as an asset finance partner and David Irving, pictured, as a director in the trusts and private tax team. Clifford, who was previously at Allen and Overy, specialises in structured asset finance, particularly rolling stock financing transations. Irving, who formerly ran a private equity and real [...]
CITY MOVES WHO’S SWITCHING JOBS August 12, 2009 RSAThe insurer has appointed Christian Torkington as its new UK chief operating officer. Torkington joins from Scottish Widows, where he was managing director of operations. Prior to that, he worked at Barclays in a variety of senior roles, and was also the chief executive of an economic development agency. RSIM Rensburg Sheppards Investment Management has [...]
Economy remains in focus as inflation signs look benign August 16, 2009 LAST week the markets were updated on the views of central bankers from both sides of the Atlantic. In the UK, the Bank of England published their quarterly Inflation Report and from the US we heard comments by the Federal Open Market Committee, accompanying their regular rate-setting meeting. Both presented a benign outlook for inflation. [...]
There’s no need to be scared of US stocks October 12, 2009 GIVEN the global influence of American business, it would seem perhaps a little odd that we Brits feel we don’t know enough about the largest market in the world to invest in it. This was, essentially, the upshot of research published yesterday by the largest US discount broker Charles Schwab. Based on a survey of [...]
Apple’s store on Regent St bears fruit September 1, 2009 APPLE’S flagship store in London is so successful that it rakes in more than double the amount of cash per square foot than most of its rivals. The Regent Street store took £60m for the year ending September 2008, giving it a sales density of £2,000 per square foot. In comparison, the average Currys store [...]