City Moves for 15 March 2019 – Who’s switching jobs at WBD, Deezer and BBC? March 14, 2019 Today's City Moves includes Womble Bond Dickinson, Deezer and the BBC. Womble Bond Dickinson Transatlantic law firm Womble Bond Dickinson (WBD) has appointed Audrey Koh as a partner in the firm’s London office. Specialising in white collar crime, Audrey will strengthen the firm’s key sectors of expertise, in particular financial institutions, energy and natural resources, [...]
Facebook loses two top technology execs after Zuckerberg adopts privacy shift March 14, 2019 Two senior Facebook technology executives have left the social media giant, days after its chief executive Mark Zuckerberg said the company would be moving towards a “privacy-focused future”. Zuckerberg said in a blog post that chief product officer Chris Cox, one of the firm’s earliest employees, and Whatsapp vice president Chris Daniels had resigned. “As Mark has [...]
Sir Vince Cable to step down as Lib Dem leader in May to make way for a ‘new generation’ March 14, 2019 Sir Vince Cable will quit as leader of the Liberal Democrats in May to make way for a “new generation.” Cable told party members that unless parliament “collapsed” into an early general election, a leadership contest would be called in May. Read more: Sir Vince Cable calls for probe into Treasury role in RBS GRG [...]
Brexit delay on the way after MPs back Theresa May’s postponement plan March 14, 2019 MPs have given the green light for Brexit to be delayed beyond March 29, but the divisions at the heart of Theresa May’s government were once again laid bare. The Commons voted 413 to 202 in favour of asking the EU to postpone the Brexit date – either by three months if MPs back a deal by [...]
City Hall at risk of Momentum takeover after Labour changes reselection rules March 14, 2019 City Hall could be targeted by hard-left Labour activists after the party changed rules to make the deselection of moderate candidates more likely. Labour’s governing body, the National Executive Committee (NEC), voted to change party rules for the Assembly last month, which one Labour Assembly Member (AM) said had sparked a “climate of fear and [...]
Government pours nearly £600m into housing around Old Oak Common and Brent Cross stations March 14, 2019 Nearly £600m will be poured into housing projects near key railway stations, housing minister James Brokenshire has announced. Up to £250m will got towards the construction of up to 13,000 new homes close to the new HS2 railway station at Old Oak Common, near East Acton. The new station at Old Oak Common is set to open [...]
Energy firm Eon losing customers at ‘alarming rate’, report says March 14, 2019 The number of energy customers abandoning Eon is growing at an “alarming” rate, experts have warned, as the Big Six continues to lose out. Figures from Compare the Market show that nearly 22 per cent of customers who switched suppliers on the site came from Eon. Meanwhile only seven per cent of customers are switching [...]
Brexit vote live: MPs vote to delay Brexit by extending Article 50 beyond 29 March March 14, 2019 Hello and welcome to City A.M.’s Brexit live blog for the second of potentially three huge votes on the UK’s departure from the EU. Prime Minister Theresa May was defeated in the House of Commons in a second vote on her Brexit deal on Tuesday, losing by 391 votes to 242. Last night, MPs voted [...]
Mortgage finance hub Lendinvest targets £500m London listing March 14, 2019 Online property finance marketplace Lendinvest has reportedly appointed advisers for a potential £500m float. Lendinvest has appointed corporate finance firm Lazards to advice on a listing, Sky News reported. It is set to appoint a syndicate of banks for a float that could happen as soon as this year. Sky reports that the banks are [...]
Capita takes on Brexit work as outsourcer kicks on with ‘radical’ turnaround plan March 14, 2019 Outsourcing giant Capita has admitted it is helping pick up some of the government’s slack in preparing for Brexit, as Whitehall continues scrambling to put contingency plans in place for a possible no-deal scenario. The outsourcer, which specialises in digital and IT-related services, has taken on several contracts, as the 29 March leaving date looms ever [...]