UK companies and the Treasury benefit as investors ditch gold August 16, 2015 INVESTORS are turning to UK assets over gold as the price of the commodity declines, according to a survey of investors. Investors are more confident lending to the Treasury, with net sentiment towards UK government bonds edging up to 19.86 per cent in August from 18.64 per cent in July, the research from Lloyds Bank [...]
Financiers run rings around the capital August 16, 2015 IF THERE is one thing we can take away from this summer, it’s that the City’s bankers and financiers really like running around in circles. Teams from PwC took part in a Pride 10k run in Victoria Park over the weekend, celebrating the new-found diversity in the corporate world. London LGBT running club Frontrunners organised [...]
Nomura opens doors for disengaged kids August 16, 2015 DISADVANTAGED kids celebrated a victory this weekend as investment bank Nomura hosted a graduation ceremony in their own offices for those enrolled in a rigorous programme from education charity ThinkForward. The course has a big City backing, including from Barclays, EY, ICG, Credit Suisse, JP Morgan and UBS. Go team! ■ WANT to see something [...]
London house prices up nearly 10pc in August as first-time buyers hit hardest August 16, 2015 London house prices have had their most buoyant August for eight years, new figures show. Homes in Greater London are 9.7 per cent more expensive than they were in August 2014, property website Rightmove said today. House prices normally face a drop in August when compared with July, as the holiday period distracts buyers and [...]
Number of confident City workers looking to move jobs doubles in a year August 16, 2015 New figures show workers are becoming more eager to switch jobs, suggesting greater confidence in the economy. The number of professionals looking for new opportunities climbed by 27 per cent in July compared with June, recruiter Morgan McKinley said this morning. While summer tends to see more people looking for vacancies, the 15,866 workers both [...]
Homebuyers chase longer fixed rate mortgages as interest rate hike looms August 16, 2015 The prospect of interest rates coming off their record lows is prompting potential homebuyers to search for extended mortgages. Mortgages with a 30-year term, or longer, were considered by 21 per cent of those looking to buy between April and June, according to data published today by the Mortgage Advice Bureau (Mab), a brokers. Only [...]
Sanction rules put burden on UK institutions August 16, 2015 A SPIKE in the number of sanctioned individuals and organisations is triggering increased compliance burdens for British banks keen to avoid hefty penalties from regulators, analysts say. Economic sanctions imposed by the UK have shot up by three per cent from 2,401 in July 2014 to 2,477 last month, according to City-based law firm Pinsent [...]
Lansdowne bosses and Morgan Stanley pocket £190m payday August 16, 2015 HEDGE fund Lansdowne Partners paid out more than £190m to staff and top shareholder Morgan Stanley last year, fresh accounts show. The UK-based group reported revenue of £250m between November 2013 and March 2015 and profits of £243.6m – £191.2m of which was distributed to the firm’s 20 members. One of the firm’s so-called members [...]
Profits at Foster + Partners scale new heights August 16, 2015 NORMAN Foster’s architecture firm, which designed City Hall, saw profits surge by 45 per cent to £51.7m last year after buying out minority shareholder 3i and restoring it to a partnership model.
City Moves for 17 August 2015 | Who’s switching jobs August 16, 2015 Matthews & Goodman The commercial property adviser has announced the appointment of Giles Thomas to its national business space team. He most recently worked for TRW Real Estate, and began his career at Strutt and Parker, where he headed up its industrial team. Wedlake Bell The law firm has announced two promotions within its business [...]
