City Moves for 27 October 2014 | Who’s switching jobs October 26, 2014 PwC The professional services firm has appointed Tim Reay as a director of its pensions team. Reay has 30 years of experience, and joins from Aeon Hewitt. He is also the treasurer and former chairman of the International Employee Benefits Association. Purplebricks.com Former Capita boss Paul Pindar, and Nick Discombe, former chief executive of several [...]
Best of the Brokers for 27 October 2014 October 26, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com PEARSON Westhouse Securities reiterated its “sell” recommendation following Pearson’s update for the nine months to September which showed declining sales and revenues. The broker said Pearson is “a quality company that should benefit from long-term growth in global learning spend”. SHIRE S&P Capital [...]
Banks to report as BT is likely to reveal growth – London Report October 26, 2014 THIS WEEK sees a number of banks reporting, with four of the UK’s five biggest lenders due to reveal third-quarter results. Lloyds and Standard Chartered report tomorrow. With Lloyds the focus is expected to be on 9,000 job cuts and a string of branch closures. Standard Chartered’s execs have been under pressure this year. After [...]
US Fed set to call time on its stimulus plan – New York Report October 26, 2014 UNLESS it springs a major surprise, the US Federal Reserve will call time this week on its programme of government bond purchases, which at one point was pumping $85bn (£52.83bn) a month into financial markets and the economy. The Federal Open Market Committee’s (FOMC) interest rate-setting is meeting on Wednesday. Other indicators include Tuesday’s data [...]
Why London’s entrepreneurs are increasingly looking to the East October 26, 2014 LAST week was certainly a good one for the London technology scene. The first half saw TechCrunch Disrupt, Silicon Valley’s largest technology event, come to London for the first time. And this is just the latest event in a strong year for the London entrepreneur community; think of the Zoopla initial public offering, the launch [...]
Sport Comment: Hoddle blocked by familiar face October 23, 2014 LONDON’S football scene can be incestuous, rather like the Square Mile, where every leading financial operator is likely to know a very large percentage of his City peers. Football’s intertwined fraternity was nicely illustrated in recent weeks when Tim Sherwood has been firmly linked with Harry Redknapp’s job at Queens Park Rangers. Harry managed Tottenham [...]
24 October on this day… October 23, 2014 1999: Martin Johnson walks off after England crash out of the Rugby World Cup in Paris. England led 9-8, but a record five second-half drop-goals by South Africa fly-half Jannie de Beer left them stunned and 44-21 losers. Coach Clive Woodward kept his job, though, and led England to glory four years later.
Stockings up lads, It’s nearly Christmas October 23, 2014 It’s that time of year, after all, and the eagerly-awaited Selfridges’ window displays in London’s Oxford Street revealed a theme of story-telling, including Sleeping Beauty, for the Yuletide season. Here finishing touches are made to one of the store’s 25 windows.
QPR need to go through hoops for stadium October 23, 2014 CARGIANT’S Geoff Warren owns 47 acres at Old Oak Common on which Premier League strugglers Queens Park Rangers want to build a new stadium. But, says Warren, it won’t happen. “We own the land. We are going to develop it. The stadium is just not going to happen.”
KKR third quarter earnings beat expectations after cash surge October 23, 2014 Private equity firm KKR reported a lower-than-expected 27 per cent year-on-year drop in third-quarter profit yesterday as its holdings appreciated more than many analysts foresaw and it generated more cash by exiting its investments. Pictured is co-chief executive Henry Kravis and his wife Marie-Josee Kravis.
