City Moves for 6 April 2016 | Who’s switching jobs April 6, 2016 Matthews & Goodman National commercial property group Matthews & Goodman has appointed three new staff members following its acquisition of niche London firm Sinclair Clark Allegra. Nigel Watson has joined the firm as LLP member, Linton Brander as senior associate property manager, and Sabina Joyeux as property management accountant. Nigel and Sabina have joined Matthews [...]
James Bond’s tailor Timothy Everest lectures the financial fashion pack at Bar20 April 6, 2016 If The Capitalist has learnt anything, it's that City types love all things James Bond. Last year, no less than four financial firms in London confessed to hosting their own private screenings on the release of Spectre, and some even set up their own martini bars for the night. Earlier this week Mads Mikkelsen, who [...]
East London is propping up slowing central London housing market, JLL report shows April 6, 2016 East London residential property prices jumped by seven per cent in the year to March, helping to shore up a slowdown in other parts of the capital hit by uncertainty in the market, new research from JLL today shows. The property firm's latest central London development report shows a slowdown in sales activity in the first quarter of the [...]
London Stock Exchange chief executive Xavier Rolet: Brexit impact would be “substantial” – Thatcher’s Britain should lead, not leave, the European Union April 5, 2016 Xavier Rolet believes the impact of a Brexit on the City would be "substantial" and "almost immediate" following the referendum. Instead of exiting the European Union, the London Stock Exchange chief executive wants Britain to channel the spirit of Margaret Thatcher and lead the continent to a new era of strong economic growth. Rolet was speaking to City A.M. during [...]
London Stock Exchange boss Xavier Rolet fires warning shot towards US rivals as merger battle heats up April 5, 2016 The head of the London Stock Exchange has fired a warning shot towards American rivals that are threatening to gatecrash its proposed merger with the German company Deutsche Boerse. In an explosive interview with City A.M., Xavier Rolet savages the record of US giants that have bought into the continent in recent years, and insists [...]
Four things you may have missed in the ICIJ’s Panama Papers report April 5, 2016 There's no denying that 2.6 terabytes worth of data is a lot to wade through, so it's not surprising that Sunday's Panama Papers report by the International Consortium of Investigative Journalists (ICIJ) was quite a lot to take in. Now that you've had a few days to get your head around the report, here's four things you [...]
Lawyer for the Serious Fraud Office urges courtroom not to overcomplicate Libor and to focus on the issue of honesty April 5, 2016 A lawyer representing the UK’s fraud squad in the latest Libor trial today urged a courtroom not to mystify Libor and instead focus on the defendants’ dishonesty. In his opening argument for the Serious Fraud Office (SFO), James Hines QC told those at the trial of five former Barclays bankers that “the most important element of [...]
Pfizer’s $160bn takeover of Allergan is under pressure after the US Treasury introduced new rules on inversion deals April 5, 2016 A deal between pharma companies Pfizer and Allergan which would create the world's largest drugs firm is back in the spotlight as it may not go ahead, after the US Treasury ramped up its efforts to curb so-called 'inversion deals'. Shares in Dublin-based Allergan are down over 15 per cent today, following the Treasury's announcement late last night [...]
Javid to fly to India to meet with Tata chiefs, after back-to-back talks with unions and a potential buyer April 5, 2016 Business secretary Sajid Javid will meet with executives of Port Talbot steelworks owner Tata at their Mumbai headquarters tomorrow. The meetings will be the latest in a chain of talks for Javid, who earlier met with the potential buyer of Port Talbot, Liberty House chief executive Sanjeev Gupta. He is expected to urge Tata bosses [...]