General Election 2015: Rent controls pledged by Labour to woo “generation rent” April 26, 2015 Ed Miliband is seeking to woo a generation of voters priced out of the property market with a promise to stop landlords making significant increases to rents. The Labour leader has pledged to cap rent rises at no more than the rate of inflation over the term of a three-year tenancy if elected at the [...]
Stanchart hires Ex-GCHQ security chief April 22, 2015 Former spy chief Sir Iain Lobban is joining UK-based bank Standard Chartered as a member of its board’s financial crime risk committee. Lobban was director of GCHQ from 2008 to 2014, and led its work in counter-terrorism and cyber-security operations.
New race started by Carney’s run April 22, 2015 THERE’S nothing like a race to get the City’s competitive juices flowing – as the London Marathon demonstrates. And this time it’s not just the running The Capitalist is talking about, it’s the sponsorship. With Bank of England governor Mark Carney set to don his trainers on Sunday in aid of Cancer Research UK, the [...]
City Moves for 23 April 2015 | Who’s switching jobs April 22, 2015 N+1 Singer The corporate advisory and broking firm has appointed Nic Hellyer as director in its corporate finance team. He joins from HSBC, where he was managing director and head of its UK mid-market advisory team. Hellyer has also held roles at UBS and KPMG. Standard Chartered Sir Iain Lobban has been appointed senior adviser [...]
Tesco turmoil proves toxic for the FTSE 100 – London Report April 22, 2015 TESCO’S massive loss dragged the FTSE 100 down yesterday. It was also hampered by heavy declines in banking stocks. Shares in Tesco closed down 5.2 per cent, at the bottom of the FTSE 100, after the UK’s biggest retailer plunged to an annual loss of £6.4bn and failed to provide details about the planned disposal [...]
FTSE 100 weighed down by record £6.4bn Tesco loss April 22, 2015 The largest full-year loss ever felt by a British retailer unsurprisingly made a dent on the FTSE 100 on Wednesday, as shares in Tesco fell by 5.5 per cent. The embattled supermarket was the biggest faller on the FTSE after reporting an annual loss of £6.4bn – a "difficult year" in the words of chief [...]
Standard chartered inks new sponsorship deal with liverpool April 21, 2015 LIVERPOOL have agreed a three-year extension to their sponsorship deal with Standard Chartered, keeping the American bank’s name on their shirt until the end of the 2018-19 season. The deal is reportedly worth around £30m a season, £10m more than the current deal. Outgoing StanChart chief executive Peter Sands holds an Arsenal season ticket, but [...]
Liverpool’s £30m Standard Chartered sponsorship equals Arsenal Fly Emirates deal April 21, 2015 Liverpool have agreed a three-year extension to their sponsorship deal with Standard Chartered, keeping the American bank's name on their shirt until the end of the 2018-19 season. Standard Chartered' sponsorship has been worth £20m a season to Liverpool since 2010 when it replaced the long-standing Carlsberg who enjoyed 17 years emblazoned on the famous [...]
Standard Chartered: Crisis has made firms over-sensitive to emerging risks April 16, 2015 Investors and businesses have over-reacted to the financial crisis, placing too much weight on emerging risks and not enough on economic opportunities, analysts at Standard Chartered said yesterday. Firms could be missing out because they see all possible risks as having enormous potential, rather than addressing them even-handedly. “While there are clearly risks today, businesses [...]
City Moves for 16 April 2015 | Who’s switching jobs April 15, 2015 Ashurst The law firm has appointed Sarah Morton-Ramwell as global pro bono partner. She joins from Reed Smith, where she was responsible for its pro bono and corporate responsibility projects in Europe, the Middle East and Africa. Old Mutual Global Investors The asset management firm has appointed David Cameron-Mowat as UK equity analyst. He joins [...]