City Moves for 27 January 2016 | Who’s switching jobs January 27, 2016 Indigo Planning Indigo Planning has appointed of Julie White as associate. Julie joins the consultancy firm with more than 15 years’ national and regional industry experience. Much of Julie’s work has focused on delivering residential and mixed-use proposals for private developers, as well as major retail projects for a national supermarket operator. She also has experience [...]
Bank chiefs warn of more pain to come as cost cutting expected to be ramped up February 17, 2016 Britain's bank bosses have warned that cost cutting measures will have to be ramped up as stunted revenues and low interest rates continue to take their toll on the sector. A survey of UK bank chiefs by PwC found that almost 70 per cent said they expect to implement a cost cutting scheme in the next [...]
Roux Sr and Jr bring their Michelin-starred food to the Investec Derby at Chez Roux at Blue Riband May 19, 2015 Last year, the World’s Greatest Flat Race joined forces with two of the world’s greatest chefs – Albert Roux and Michel Roux Jr – for Chez Roux on the Prince’s Lawn, a partnership that brought Michelin-starred gastronomy to the Investec Derby. The father and son duo are set for a return, this time taking over [...]
Investec Comment: How cheap oil is boosting small businesses April 12, 2015 THE extraordinary decline in the price of oil has been one of the most important economic stories of the past year. Brent Crude fell from over $110 per barrel in June 2014 to below $50 in January 2015, slumping to multi-year lows. Prices have increased marginally since then, but with factors like the interim deal [...]
Lloyds Banking Group could pay out more than £2bn in dividends to shareholders despite fears of higher costs related to PPI claims February 21, 2016 Lloyds Banking Group is reportedly getting ready to pay out more than £2bn in dividends to shareholders, despite fears of further costs related to the mis-selling of loan insurance. The Sunday Times reported today that Lloyds chief executive Antonio Horta-Osorio is attempting to convince regulators that the bailed-out bank has enough capital to afford the [...]
Financial sector leads professional job creation – Apsco February 29, 2016 Landing a role in finance got easier in January as the number of vacancies soared 12 per cent on the same month last year. Stronger demand was reflected in pay growth. Average salaries in banking jobs have gone up 4.9 per cent, according to the data released by the Association of Professional Staffing Companies (Apsco) [...]
Banking experts hit back at claims from Sir John Vickers that the Bank of England is not forcing lenders to hold enough money in capital buffers February 15, 2016 Banking experts have questioned Sir John Vickers’s claims that the Bank of England is not doing enough to shore up the British banking industry, saying more capital requirements for lenders would hurt the real economy. Vickers, who led the Independent Commission on Banking (ICB), told the BBC this morning that the Bank “might want to [...]
ITV shares dip despite broadcaster reporting rising revenue, profit growth, special dividend ahead of expected Euro football ad boost March 2, 2016 ITV’s shares dipped this morning after reporting a worse-than-expected outlook for the first quarter of 2016, despite a strong set of full year results. Total revenue across the company was £2.97bn, up from £2.59bn in 2014. The company reported a six per cent growth in net advertising revenue to £1.72bn. Online, pay and interactive revenue, meanwhile, was up [...]
Racing betting: Midterm can be Stoute’s seventh Dante winner May 11, 2016 Thursday’s Dante Stakes (3.15pm) at York has long been recognised as one of the most important trials for next month’s Investec Derby. Golden Horn became the fourth colt since the millennium to go on to Epsom glory having landed this historic Group Two prize 12 months ago. Trainer Sir Michael Stoute has saddled an impressive [...]
Aldermore’s share price rises after UK challenger bank delivers record profit as it increases lending March 10, 2016 Aldermore reported better than expected growth in full-year pretax profit as the challenger bank issued more loans and mortgages to SMEs. The bank's share price jumped over 3.5 per cent as markets opened on the news. The figures Aldermore reported profit before tax up by 88 per cent year-on-year to £95m for 2015. The bank delivered [...]