City Moves for 27 October 2015 | Who’s switching jobs October 26, 2015 LOMBARD ODIER Duncan MacIntyre has been appointed chief executive of the banking firm’s private client business in the UK. He joins from Coutts & Co, where he founded and was global head of its private office. MacIntyre has also worked as a senior private banker at JP Morgan, which he joined from Robert Fleming & [...]
US GDP data likely to push back Fed hike – eToro Tips & Picks October 26, 2015 Global markets and investors will be focusing on the US this week, as we could get further clarity on when the first rate hike will come from the Fed. This week’s US GDP reading is expected to show that the US economy grew less than predicted, and this will more or less cement the [...]
Tax credit changes: House of Lords slams government by voting twice to delay tax credit cuts October 26, 2015 In a move that Downing Street has accused of breaking convention, the House of Lords has twice voted to delay the implementation of the government's controversial tax credit cuts, backing amendments from both Labour peer Baroness Hollis and crossbench peer Baroness Meacher. Baroness Hollis's amendment, which passed 289 to 272, required a three-year "transitional period" with "full protection" for [...]
UK house prices: This chart shows the hourly rate at which property values are rising October 26, 2015 Everyone knows house prices have been rocketing in London in recent years – and they were up by nearly 10 per cent this month compared to October 2014. Now research from NLP Insights reveals that homes in the capital have been increasing in value by a whopping £3.48 per hour in the last year. This [...]
UK is the darling of the European venture capital scene, attracting a third of investment October 26, 2015 European venture capital deals are getting bigger. The €3bn raised from July to September, a slight increase from the previous quarter, was from fewer deals, 355 to be precise – a five per cent decrease – according to data from Dow Jones. The United Kingdom was the favourite destination for investors (natch), attracting €947m across 87 deals, [...]
Jubilee line reopens but Metropolitan line at Finchley Road Tube station remains closed as fire crews continue to attend blaze above chicken shop October 26, 2015 Commuters to Finchley Road faced delays this evening, after both the Tube station and Finchley Road itself were closed as a blaze at an apartment block continued to rage into its 11th hour. Both the Metropolitan and Jubilee lines were closed, while the road was blocked off in both directions. However the Jubilee line has since reopened, according to [...]
Hyde in Greater Manchester to get Europe’s biggest floating solar farm on the town’s Godley reservoir thanks to United Utilities October 26, 2015 Water company United Utilities is installing Europe's largest floating solar power system on a reservoir in Greater Manchester, as the company tries to reduce energy costs. The 12,000 panel, £3.5m project will be the UK's largest solar power site, dwarfing an 800-panel structure in Berkshire. It's also the second biggest floating solar farm in the world after a [...]
Move over bankers: Fintech workers have seen some of the fastest salary growth this year October 26, 2015 They may not yet be on a par with bankers, but the UK's tech workers shared a bonus pot of £3.25bn in 2015, while their basic salaries have grown five per cent over the last financial year. The average IT worker's bonus is £6,681, equivalent to 12 per cent of average salary, which is up [...]
Sign up to the City A.M. Wine Club for the chance to win a prestigious Dom Perignon dinner for two October 26, 2015 This competition has now closed. To celebrate the release of the 2006 vintage from Dom Perignon, City A.M. Wine Club has a superb competition for both new and existing members. Les 110 de Taillevent, the London incarnation of the iconic two Michelin-starred Parisian restaurant, has created a menu designed to perfectly match Dom [...]
Afghanistan earthquake 2015: Which country has the most earthquakes? And is the UK at risk? October 26, 2015 Today, the world was struck by yet another major earthquake. This time it was in the mountainous Kush region in northern Afghanistan, close to the border with Pakistan. It was a 7.5 magnitude quake, according to the US Geological Survey (USGS), and at least 135 deaths have been recorded so far. The event comes just [...]