M&G Investment provides £40m loan for 400 south east homes April 12, 2015 M&G INVESTMENTS has agreed to provide an east London housing association with a £40m loan as part of its expansion into the UK housing sector. The pension fund manager said the 30-year loan to Estuary would help build 400 homes over the next three years. Half the homes will be built in London boroughs while [...]
Webuyanycar.com owner British Car Auctions sold for £1.2bn March 26, 2015 The company formerly known as British Car Auctions (now known as BCA), the parent behind those ubiquitous, irritating webuyanycar.com ads, has been sold for £1.2bn, it was confirmed today. BCA was sold to listed investment fund Haversham, which is backed by City fund houses including Aviva, Schroders, Inveso and Artemis. It had been thought to [...]
Barclays to settle £2bn forex-rigging case May 17, 2015 Barclays Bank is closing in on a major £2bn settlement with regulators around the world, drawing to a close its role in the deeply damaging foreign exchange markets rigging scandal. The bank, whose chief executive is Antony Jenkins, is attempting to settle with a number of regulators simultaneously. Last November it pulled out of a [...]
City Moves for 22 May 2015 | Who’s switching jobs May 21, 2015 Pension Insurance Corporation Rob Groves has been appointed chief investment officer of the specialist insurer. He joins from Friends life, where he held the same role and oversaw assets totalling £100bn. Groves has previously worked for UBS, Commerzbank and Towers. Maples Teesdale The commercial property solicitors has appointed Dellah Gilbert as a partner. She has [...]
Investors await the result of General Election – London Report May 4, 2015 ALL EYES will be on the political polls this week, as the nation gears up for the General Election on Thursday. With little to separate the popularity of the leading parties, the Conservatives and Labour, many expect no party will gain a majority, while many investors and property buyers are holding off from making decisions [...]
City Moves for 12 May 2015 | Who’s switching jobs May 11, 2015 Colliers International Martin Mahmuti has been appointed senior property economist in the commercial real estate services firm’s research and forecasting team. He began his career at Cushman and Wakefield, where he primarily reported on UK, Europe, Middle East and Africa retail markets. Hermes Investment Management Philip Nell has been appointed fund director in the asset [...]
Barclays’ bosses warn investors of pain ahead as Libor scandal fines and legal bills roll in April 23, 2015 Huge fines and legal bills are on the way, Barclays’ outgoing chairman Sir David Walker warned shareholders at yesterday’s annual general meeting. Walker joined the bank almost three years ago in the wake of the Libor scandal, aiming to clean it up. While he said he has made great strides in that direction, the City [...]
Manchester United can nick narrow win over old nemesis Arsenal May 14, 2015 BEN CLEMINSON PREVIEWS MAN UNITED V ARSENAL AND HARRY MADLEY LOOKS AT THE FINAL ROUND OF THE AVIVA PREMIERSHIP Arsenal’s surprise defeat to Swansea on Monday night was only their second home league reverse of the season, but it won’t rankle with them as much as the other one – the 2-1 loss to [...]
Saracens and Exeter look set to book the remaining play-off places May 14, 2015 THE FINAL round of the Aviva Premiership kicks off tomorrow afternoon and for Leicester Tigers, Exeter Chiefs and Saracens this weekend is crucial as they battle it out for the two remaining semi-final spots. Northampton Saints have already secured a home semi-final berth after finishing top of the pile for the first time in their [...]
City fund Haversham has shares suspended on takeover talks March 16, 2015 Shares in Haversham Holdings were temporarily suspended this morning after the fund confirmed it was in "advanced" takeover talks without naming its potential target. Aim-listed investment fund Haversham, which is backed by City fund houses such as Aviva, Schroders, Invesco and Artemis, said it was in "very advanced discussions which might lead to a transaction". This [...]