City Moves for 06 January 2014 | Who’s switching jobs January 5, 2014 Akin Gump The law firm has announced the appointment of Lisa Leiman Hearn as a partner in its London office. She specialises in cross-border mergers and acquisitions and corporate finance. Hearn joined in 2005 and was formerly counsel at the firm. Jones Lang LaSalle The property company has hired Helen Gough as head of its [...]
The Queen’s list honours the City January 5, 2014 THE NEW Year’s Honours List of OBEs, CBEs, Knighthoods and everything in-between contains more decorations than Claridge’s Christmas Tree, and this year the City had a number of notable inclusions. Former Bank of England deputy governor Paul Tucker got a knighthood, as did former Lord Mayor Roger Gifford, while chair of Land Securities, Alison Carnwath, [...]
Three things you didn’t know about… January 5, 2014 Silicon Valley Bank’s UK chief executive PHIL COX 1 Born and bred in Cornwall, if Cox didn’t go into banking he would have become a farmer. “Farming’s pretty cool you know,” he told The Capitalist recently. He cut his agricultural teeth working at a local market garden when he was at school. 2 A self [...]
The year in preview: Our in-depth guide January 5, 2014 City A.M.’s journalists take a wide-ranging look at what 2014 has in store for the world of finance and business BANKINGRestoring faith means costly overhaulsA CAUTIOUS optimism pervades the British and European banking system at the start of 2014. The incoming economic recovery is at last improving customers’ creditworthiness, while the hard work running down [...]
Best of the Brokers for 06 January 2014 January 5, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SERCO Panmure Gordon has named the outsourcer as one of its top picks for 2014, giving the stock a “buy” rating and 560p target price. The broker, whose top picks last year outperformed the market by 19.1 per cent, reckons Serco’s valuation is [...]
London Report: Retailers set to reveal scale of 2013 hangover January 5, 2014 RETAIL figures due this week will reveal whether Britain’s major brands are going into the New Year with a Christmas hangover. Marks & Spencer and Tesco are both set to report on Thursday, and J Sainsbury on Wednesday, with figures likely to show retailers faced a dismal festive season. Debenhams has already set the tone, [...]
Wall St The Week Ahead: Investors await Fed’s minutes and jobs data January 5, 2014 INVESTORS in US stocks will be looking to Washington this week, awaiting key jobs data and minutes from the Federal Reserve’s most recent meeting, when it decided to cut its unprecedented monetary stimulus. Minutes from the Fed’s 17-18 December meeting, when the central bank announced its plan to reduce monthly asset purchases by $10bn to [...]
Any Other Business – 06/01 January 5, 2014 Those of you reaping the (un)happy rewards of a Christmas spent gorging on chocolates and mince pies will be delighted to hear you can burn an average of 324 calories each day simply by going to work. Apparently, commuters in London burn the second highest amount of calories in the UK (narrowly beaten by Cardiff) [...]
3 things that could trip up the Eurozone’s recovery January 3, 2014 There are plenty of factors that could derail the Eurozone's recovery. Lacklustre data today – bank lending to the private sector fell, and broad money supply in the euro area rose only 0.1 per cent – mean the European Central Bank will continue to be pressurised when it comes to easing policy this year. Capital [...]
When will the Bank of England hike interest rates? January 3, 2014 Next Thursday is the first meeting of the year for the Bank of England's (BoE) Monetary Policy Committee (MPC). And whilst January is known to be uneventful in monetary policy terms, and the Bank's made it clear that an interest rate hike from the current 0.5 per cent is not on the horizon, doubt is [...]