City Moves for 26 July 2013 | Who’s switching jobs July 25, 2013 Barclays The bank has announced the appointment of Irene McDermott Brown as group human resources director. McDermott Brown joined Barclays in 2011 from BP. Prior to that, she held senior roles at Cable & Wireless, and led her own consultancy company. Pramerica Investment Management The investment management company has hired Ousmene Mandeng as managing director in [...]
Best of the Brokers for 26 July 2013 July 25, 2013 REED ELSEVIER Numis reiterates its rating of Reed as an “add” and its target at 937p after the information firm announced that its operating profit has risen by six per cent in the first half of the year, ahead of expectations. Reed’s £600m buyback highlights management confidence, the broker said. NEXT Despite believing that Next’s [...]
London Report: FTSE rally stalls on weak results July 25, 2013 A FALL in drinks group SABMiller and engineer GKN knocked Britain’s main equity index off seven-week highs yesterday, with some traders expecting the market’s recent rally to stall in the near term. The FTSE 100 index closed down by 0.5 per cent, or 32.48 points, at 6,587.95 – marking a retreat from seven-week highs reached [...]
New York Report: Nasdaq lifted by Facebook July 25, 2013 THE NASDAQ climbed yesterday, led by a rally in Facebook, but the broader market’s advance was modest on mixed earnings reports. Facebook shares scored their biggest daily percentage gain ever, soaring 31.6 per cent to a session high of $34.88 a day after the social network reported a huge jump in mobile advertising revenue. Disappointing [...]
Reach new heights July 25, 2013 Growing pressure on open spaces in the capital has created a surge of interest in properties with roof terraces. Naomi Mdudu rounds up the best on the market. Kensington Roof Gardens, Boundary, Soho House: us Londoners are suckers for a rooftop terrace. Great views over the city and a relaxing spot to indulge in a [...]
Elephant & Castle gets a lick of paint July 25, 2013 One The Elephant is the new development at the heart of the area’s regeneration, promising affordable living in Zone 1 One The Elephant is the latest big tower on the London skyline. When complete, the 37-storey building, which is designed by award winning architects Squire and Partners, will offer 254 new homes, from studios through [...]
Focus on: Chiswick July 25, 2013 NEED TO KNOW | AREA INSIGHT DESPITE being known as the a go-to destination for foodies, there’s more to Chiswick than its impressive stable of quality delicatessens, greengrocers and top-notch eateries. The affluent west London suburb is one of the top commuter hotspots due to its close proximity to central London and offers large properties [...]
Q and A July 25, 2013 Director, Douglas & Gordon Q I’m very confused about the Government’s Help to Buy scheme. Does the fact that I have owned a property before affect my eligibility? A You do not need to be a first time buyer to take advantage of the Help to Buy scheme, merely unable to afford to buy (they [...]
London barometer July 25, 2013 Director of Douglas & Gordon Compared to the same time last year, in July supply was down by 30 per cent, offers received and accepted were up 10 per cent, fall throughs almost halved and buyer levels remained steady. Political interference at the top end of the market seems to be having a dampening effect [...]
Any Other Business – 26/07 July 25, 2013 Alas, the Royal baby was not named Prince Boris. But the Mayor of London did weigh in on the choice of George for the baby boy on the radio yesterday, alluding that a nod to the chancellor George Osborne was unlikely: “I won’t say it's in honour of the economic recovery, which is gathering pace. [...]