City Moves for 29 March 2016 | Who’s switching jobs April 29, 2016 Corinthia London Five-star hotel, Corinthia London, has announced the appointment of Stephane Trycionka, as director of sales & marketing. With 11 years of experience in the luxury hotel industry, Stephane joins from his role as director of sales & marketing at the Hotel Metropole Monte-Carlo in Monaco, where he was responsible for improving the performance [...]
Shareholder voices heard loud & clear April 28, 2016 The shareholder spring picked up pace yesterday, when investors voted against boardroom pay rewards for engineering firm Weir Group and Shire, the FTSE 100 pharmaceutical group. The revolts came on the back of major uprisings at oil giant BP, miner Anglo American, energy firm Centrica and financial behemoth Citigroup. “This year has seen a ‘spring [...]
Linkedin share price shoots up as earnings and revenue for the first quarter beat expectations April 28, 2016 LinkedIn's share price shot up by over 15 per cent in after hours trading, as the company beat expectations in its results for the first quarter. The professional networking website posted revenue of $861m (£589m), well ahead of its own expectation for the three months of the year, and marking a 35 per cent increase compared to [...]
Not so much revolution as boardroom evolution April 28, 2016 We may not be in the throes of a full-on shareholder spring – as happened back in 2012 – but investors are definitely flexing their muscles. They railed against generous executive pay packages at BP and Anglo American (with 59 per cent and 42 per cent rejecting the remuneration deals, respectively), while smaller double-digit rebellions have [...]
City Moves for 28 March 2016 | Who’s switching jobs April 28, 2016 Tibbalds Tibbalds Planning and Urban Design has named Matt Shillito as consultant planner and has appointed Fiona Sibley as senior planner. Matt rejoins Tibbalds after spending 10 years living overseas, where he was a senior planner for Vancouver’s planning and development services. Fiona brings over three years’ experience in the industry. Having worked at other planning [...]
Blame game kicks off following BHS failure April 27, 2016 The heat was turned up on the two most recent owners of BHS yesterday, as insiders and politicians sought to place the blame for the retailer's collapse. Dominic Chappell, a former racing driver, bought BHS from previous owner Sir Philip Green last year for just £1. On Monday, the 88-year-old retailer was placed in administration, [...]
Rivals set to win customers on back of BHS’ demise April 27, 2016 BHS has entered administration, confirming what I have previously written about in this column; its loyal customers have deserted it in recent years. Although BHS will continue to trade while a buyer is sought, the retailer has been in trouble for some time as it failed to modernise its offering. It has been losing market [...]
City Moves for 27 March 2016 | Who’s switching jobs April 27, 2016 Saxo Bank Saxo Bank, the trading and investment specialist, has appointed Jeff Zorek as chief operating officer of global sales based in London and reporting to Matteo Cassina, global head of sales. Jeff joins Saxo with over 30 years of financial services experience, managing businesses in securities trading, high-speed electronic execution, risk management, clearance, settlement and [...]
All aboard! The banking rollercoaster ride is here April 27, 2016 The UK’s banks have been on a rollercoaster ride since the dark days of the credit crunch in 2008, from PPI mis-selling to Libor and the Forex scandal. Recent woes include market volatility, capital buffers and low interest rates depressing margins. As first quarter reporting season kicks off with Barclays today, some good news at [...]
Suitors wanted: Investors circle as Austin Reed becomes the latest retailer to tumble into administration April 26, 2016 Austin Reed has become the second retailer to enter administration in as many days, following the collapse of BHS on Monday. Yesterday, AlixPartners’ Peter Saville, Kevin Coates and Catherine William-son were named joint administrators of the firm, after months of challenging market conditions and cash flow problems. Two names have emerged as potential rescuers of the [...]
