EU referendum: Remain campaign must confront their own risks as they warn against a Brexit April 21, 2016 One of the central criticisms levelled against the Leave campaign is that Brexit would constitute a leap into the unknown. The Remain campaign say that leaving the EU would be too much of a risk – especially since advocates of Leave can’t articulate what Britain’s future would look like outside the EU. What kind of [...]
City Moves for 21 April 2016 | Who’s switching jobs April 21, 2016 Lincoln International Lincoln International, the global mid-market investment bank, has announced that Tomas Freyman has joined the firm’s London office as a managing director specialising in valuations. Tomas will be part of the firm’s global valuations and opinions group and will work closely with Ron Kahn, who co-heads that group and is based in Chicago. [...]
Goldman Sachs, JP Morgan and Bank of America have all seen their stock climb recently – but the big banks are not out of the woods yet April 20, 2016 Shares in Goldman Sachs sprang out of bed in New York yesterday, as traders reacted to first-quarter results that were not quite as miserable as Wall Street had been expecting. Lowering expectations ahead of a dreaded event is a tried and tested method, within and beyond the business world, and it has worked a treat [...]
City Moves for 20 April 2016 | Who’s switching jobs April 20, 2016 Tungsten Corporation Global e-mail invoicing provider Tungsten Corporation has appointed Prabhat Vira as president of Tungsten Finance, the supply chain finance arm of the business. Prabhat has more than 30 years of global banking experience, and has held senior positions in banking businesses across the world including roles in London, New York, Amsterdam, Singapore and [...]
Trouble percolates for Caffe Nero over living wage after coffee chain bans free lunches for staff April 20, 2016 In recent weeks, several businesses have announced they will fund the living wage by cutting back perks for staff – something which is causing the public to turn against the brands in question. One of the best examples where this has happened is Caffe Nero. The high street coffee chain reacted to the introduction of [...]
Intel shares drop three per cent in after hours as tech company announces plans to cut 11 per cent of its global workforce April 19, 2016 Tech giant Intel has announced it plans to cut 12,000 jobs globally – equal to around 11 per cent of its workforce. Intel announced the job losses in its results for the first quarter of 2016, and said it had made the decision based on its plans to refocus on its data centre business as [...]
London housing crisis: Build up, build out – or accept weaker growth April 19, 2016 There's no accounting for taste. A new 30-storey block of flats on Edgware Road will either be “a monstrosity”, according to some local objectors, or “a vital way of providing the homes London needs” according to Priced Out, a campaigning outfit that calls for an end to the housing crisis. The development was given the green [...]
City Moves for 19 April 2016 | Who’s switching jobs April 19, 2016 Savills Real estate group Savills has acquired the City investment team from Deloitte Real Estate, led by Jamie Olley. Jamie and his colleagues Thomas Reeves, Jamie Binstock and David McArthur provide investment advisory services focused solely on the City of London. The team will relocate to Savills City office in mid-June, and will work alongside Savills’ [...]
Osborne sparks a Tory backlash: Furious MPs blast Treasury report as chancellor George Osborne claims he’s given Britain the facts on EU referendum April 19, 2016 NULL
Osborne sparks a Tory backlash: Furious MPs blast Treasury report as chancellor George Osborne claims he’s given Britain the facts on EU referendum April 19, 2016 The Treasury's forecasts that UK households will be £4,300 worse off a year by 2030 if we leave the European Union were slammed by eurosceptics yesterday, with MPs calling the chancellor’s report “pathetic” and “desperate”. The split between pro- and anti-EU members of the Tory party widened into a chasm after the Treasury’s analysis claimed that a [...]
