City Moves for 16 January – who’s switching jobs at Orchard Street, Crowell & Moring and Stephens Rickard? January 16, 2019 Who’s switching jobs today? Orchard Street Orchard Street Investment Management, the specialist commercial property investment manager, announces the expansion of its leadership team with the promotion of Tom Chadwick to partner. Tom joined Orchard Street in 2014 as investment transactions manager following a successful six-year track record at Aviva Investors, where he started his career [...]
Greggs’ vegan sausage rolls rise to the occasion perfectly January 15, 2019 The retail industry has had a difficult time recently but shares in high street bakery Greggs have bucked the trend and hit an all-time high, thanks to some ingenious and topical marketing. Greggs used social media and publicity stunts to boost awareness in the brand during its launch of a vegan sausage roll – a [...]
Santander cancels appointment of Orcel over compensation January 15, 2019 Banco Santander stunned the banking world this evening by announcing the reversal of its decision to appoint Andrea Orcel as its new chief executive because of the cost of compensating him for leaving his previous role. The bank had announced the high profile appointment of Orcel, former head of investment banking at UBS, in September. [...]
Euribor traders gamed the financial system for personal gain, court told January 15, 2019 Three former Barclays employees who are on trial for allegedly rigging the Euribor interest rate were part of an “elite” group of traders who gamed the financial system for personal gain, a court has heard. James Waddington QC, representing the Serious Fraud Office (SFO), told Southwark Crown Court that Sisse Bohart, 41, Carlo Palombo, 40, [...]
Ineos hails ‘game changing’ new plant as it invests €3bn in Belgium January 15, 2019 Ineos will build the biggest new petrochemical plant in Europe for 20 years as it invests €3bn in Antwerp, the company said yesterday, in a move it hailed as a game changer for the sector. The new propane dehydrogenation (PDH) plant will add to the UK's largest private firm's 2,500 employees in Belgium. Read more: Jim [...]
City jobs drop to seven-year low as Brexit stunts recruitment January 15, 2019 City jobs dropped to a seven-year low in December and the number of job-seekers also plummeted as Brexit uncertainty continued to stunt recruitment. The number of jobs available fell 52 per cent last month – the worst end to a year since December 2011, according to Morgan McKinley, which said 2019 had also got off [...]
Magic touch: Greene King appoints Merlin exec as new boss January 15, 2019 Brewer Greene King said today that Nick Mackenzie would join as new chief executive in May from Madame Tussauds-owner Merlin Entertainments. Mackenzie will replace Rooney Anand in the top job and join Greene King’s board on 1 May. At Merlin he is a member of the executive committee and is responsible for the Midway portfolio [...]
Netflix shares rise as subscribers face an 18 per cent price hike January 15, 2019 Netflix has said it will be raising the prices of its streaming services for US subscribers by as much as 18 per cent, as the tech giant seeks to cover the costs of ploughing heavy investment into its original content. Prices for its most popular standard viewing plan, which allows users to stream content on [...]
Industrial and logistics take-up soars to record high in 2018 January 15, 2019 Fresh evidence of the UK’s industrial property boom was brought to light today, with new figures showing that take-up in the sector during 2018 hit a record high. Online retail giants such as Amazon have largely driven the rise in demand, as an increasing number of consumers turn to e-commerce for shopping. Total take-for big [...]
Italy attracts strong demand for first new bond of the year January 15, 2019 Italy’s first major bond issue of the year has attracted more than €30bn (£26.7bn) of orders as investors showed renewed appetite for long-dated Italian debt. The new 15-year bond, due March 2035, sold through a syndicate of banks is expected to be priced at 18 basis points over its existing benchmark yield, according to Refinitiv. [...]