City Moves for 21 July 2015 | Who’s switching jobs July 20, 2015 Legal & General Property Richard Poyser has been appointed leasing manager at Legal & General Investment Management’s real assets division, and will be responsible for its Bracknell Town Centre development. He joins from Argent and has also worked at Hammerson. The Channel Managing Agency The Lloyd’s managing agency responsible for running The Channel Syndicate has [...]
Beware under-insurance: Four in five people don’t have adequate coverage for their precious things May 12, 2015 Do you have adequate insurance for the contents of your home in the event of a disaster? Probably not. Research suggests four in every five high net worth individuals is under-insured, according to Oak Underwriting. Another study from Datamonitor put the figure slightly lower, at 70-75 per cent of wealthier homeowners – but still a [...]
Barclays profits beat expectations as executive chairman John McFarlane sets out new strategy July 29, 2015 Barclays' share price climbed more than 2.3 per cent this morning having beaten expectations for second quarter profits, with net income rising to £1.85bn – ahead of the £1.8bn expected – as chairman John McFarlane set out his three point plan to strengthen the bank. The figures Total income rose to £6.55bn in the three months [...]
Financial Conduct Authority names Mark Steward as new top enforcer June 5, 2015 The Financial Conduct Authority (FCA) has appointed Mark Steward as the new director of enforcement and market oversight. Steward joins from his position as head of enforcement at the Hong Kong Securities and Futures Commission, and will step into the shoes of Tracey McDermott, who was recently promoted to head of the supervision division. Read [...]
Beware, Barclays bankers: John “Mack the Knife” McFarlane is on a roll July 15, 2015 It was exactly a week to the day since John McFarlane, Barclays’ new chairman, claimed his first scalp, chief executive Antony Jenkins. Today his influence was felt again, after the imminent departure of deputy chairman Sir Mike Rake was revealed in rather chaotic fashion this morning. BT chairman and Confederation of British Industry president [...]
City Moves for 10 July 2015 | Who’s switching jobs July 9, 2015 Lloyds Bank Lloyds Bank Commercial Banking has appointed Chris Jackson as head of cash management and payment sales in its global transaction banking division. He joins from Barclays, where he was head of cash management and liquidity sales for the non-bank financial institutions sector. Macquarie Investment Management The investment management firm has appointed Peter Douvos [...]
Sheffield shows why manufacturing and finance enjoy a glorious synergy August 2, 2015 My title might be “lord mayor of the City of London”, but really that’s quite misleading. It’s my job to represent the whole of the UK’s financial and professional services industry, wherever it’s based. London may well be the largest single financial services centre in the UK, but 1.7m of the 2.1m people employed by [...]
Aviva boasts rising profits in first half of the year August 7, 2014 Aviva has reported a four per cent rise in profit before tax reaching over £1bn for the half-year to 7 August. Furthermore, the insurance provider's operating expenses are £129m lower, at £1.4bn. However, while the company acknowledged encouraging macro-economic trends, it said it would not be waiting for markets to spur improvement in results. Aviva [...]
The best a dog can get: Your quick guide to pet insurance October 5, 2015 The average pet insurance claim is £679, and for dog owners it’s even higher at £683. But with only 20 per cent of pets insured, it’s clear insurance is not at the top of the priority list for most animal lovers. Even if an owner has savings which could cover a pet’s illness, insurance [...]
West End landlord Shaftesbury goes shopping for £130m loan March 18, 2015 WEST END property developer Shaftesbury yesterday secured a £130m loan with Aviva, wiping out a £100m debt that was due to expire next September. The company, which owns huge swathes of London’s busiest shopping districts, including Carnaby Street and Covent Garden, said the new 15-year loan has a fixed rate of 3.2 per cent and [...]