Caterham Group appoints new chief executive November 4, 2013 CATERHAM Group has appointed Graham Macdonald as its chief executive as the company hopes to transition into a global car business. Macdonald will remain chief executive of the Caterham Cars division, and has taken over additional responsibility for all arms of the Caterham business – including the F1 Team, Caterham Technology and Innovation, and Caterham [...]
The owner of the Dorchester Hotel posts five-star revenue November 4, 2013 THE OWNER of London’s Dorchester Hotel and nine other luxury sites across the world has bucked the tough consumer market to post record sales last year. The Dorchester Hotel Group, which also runs the Beverley Hills Hotel in Los Angeles and 45 Park Lane – the former site of London’s Playboy Club – reported a [...]
Partner profits at top 10 UK law firms hit £1m November 4, 2013 THE average profit per partner (PEP) across the UK’s 10 largest law firms hit £1m this year, up 6.1 per cent on 2012 as the top tier of legal firms continue to outperform the sector. Despite average UK fee income rising by just 0.8 per cent for the top 10 firms, cost cuts and reductions [...]
Australia’s Nine to raise up to $658m in float November 4, 2013 AUSTRALIA’S Nine Entertainment is seeking to raise up to A$697m ($658m) in an initial public offering (IPO), according to its prospectus filed this morning. Nine plans to sell 304.7m new and existing shares through in the float at an indicative price range of A$2.05 to A$2.35 a share, the prospectus said. The float will be [...]
JQW planning £140m London public offering November 4, 2013 CHINESE e-commerce operator JQW has announced its intention to raise up to £15m in a flotation on London’s Alternative Investment Market (Aim) next month. JQW provides small and medium-sized Chinese business an online platform to advertise their products to other businesses. The company is hoping to use the funds raised to expand its business to [...]
City Moves for 04 November 2013 | Who’s switching jobs November 3, 2013 Alvarez & Marsal The professional services firm has announced the hire of William Beer as a managing director and head of its South American cyber protection division. He was most recently at PwC, where he led its UK information and cyber security practice. Northern Trust The investment management firm has appointed Matthew Peron as managing [...]
Horlick’s latest venture joins a crowded market November 3, 2013 NICOLA Horlick has demonstrated the wisdom of crowd-funding by using Seedrs, a rival platform, to raise cash for her own peer-to-peer business lender. Horlick, a fund manager who has worked for Morgan Grenfell and Mercury Asset Management, aims to launch Money&Co early next year, in the hope that small investors will step in to help [...]
The lawyer who has built his career breaking down barriers November 3, 2013 Stephen Kon, the new co-deputy chairman of King & Wood Mallesons, tells Elizabeth Fournier how years at the forefront of European law have left him ready to take on China LAST Friday, Stephen Kon joined a new law firm, one with a very, very long name. Overnight, the senior partner of London-based SJ Berwin (SJB) [...]
China’s services industry picks up in October November 3, 2013 ACTIVITY in China’s services sector expanded at the fastest pace in 13 months in October, offering further indications that the economy has stabilised, though activity in some important areas including new orders slowed. The official purchasing managers’ index (PMI) for the non-manufacturing sector rose to 56.3 in October from September’s 55.4, the National Bureau of [...]
Warning for retail as shoppers hold back on winter fashions November 3, 2013 ACCOUNTANCY firm BDO is calling for retailers to “hold their nerve” in the build-up to Christmas, despite an unusual dip in fashion sales for the season. BDO said that although consumers traditionally make purchases for winter at this time of year, there is little sign that shoppers are doing so at the moment: in the [...]
