City Moves for 25 February 2013 | Who’s switching jobs February 24, 2013 Eversheds The law firm has announced the appointment of Greg Hammond as partner responsible for building its energy and corporate capabilities. Hammond joins the firm from Akin Gump Strauss Hauer & Feld, where he was a partner in its cross-border transactions practice. He is a member of the legal advisory taskforce to the Energy Charter [...]
Luton Airport could change hands February 24, 2013 The Spanish operator of three UK airports is considering selling them as part of its plan to slim down. Abertis, which owns or manages Luton, Cardiff and Belfast airports, is undertaking a review of the businesses and several others around the world as it disposes of non-core assets, according to several reports yesterday.
TfL aims for Thames traffic February 24, 2013 The Mayor and Transport for London have set a target to double the number of passenger journeys on the Thames by 2020. TfL will today unveil its plan to encourage passenger traffic on the waterway with better piers, more cycle hire points near the river and improved information such as real-time arrival boards. TfL and [...]
Knight Capital to sell brokerage February 24, 2013 Knight Capital Group, which recently agreed to be bought for $1.4bn (£928m) by Getco Holding Co, has struck a deal to sell its credit-brokerage unit to Stifel Financial, according to a person familiar with the matter. The terms of the deal were not known. But Stifel will be picking up investment-grade, high-yield, asset-backed and mortgage [...]
China to relax investment rules February 24, 2013 China is to relax rules for qualified foreign investors when they channel their offshore yuan holdings into China’s securities market, the official Xinhua news agency said yesterday. Qualified foreign investors will no longer have to put at least 80 per cent of funds into the domestic fixed income market.
Only a quarter of UK residents saving enough February 24, 2013 THE VAST majority of Britons are still not saving enough to meet their long-term needs, according to data out this morning. Just 27 per cent of UK residents surveyed said they were saving enough for the future, Scottish Widows said, with 36.5 per cent saying they definitely were not putting sufficient funds away for their [...]
Service sector activity is stuck in slump territory in February February 24, 2013 THE SERVICE industry continued to produce well below what it considered normal output in February, according to a survey out this morning. A margin of 27 per cent of business and professional services firms told the Confederation of British Industry (CBI) the volume of their business was below normal, while a margin of 20 per [...]
Small business more upbeat February 24, 2013 SMALL firms got more confident in the first quarter this year, figures suggested this morning. Small and medium-sized firms’ confidence in their own prospects climbed from 60.6 last quarter to 64.0 in the first three months of 2013, even further above the 50 level that indicates neutral feeling, BDO said. But firms were still gloomy [...]
Remortgages up in January February 24, 2013 A JANUARY climb in remortgages has done little to reverse a steady slide in the market since the onset of the recession, two data releases said this morning. LMS’s remortgage report put lending up 6.2 per cent on December to reach £2.9bn last month. But Lloyds TSB pointed out that total 2012 remortgage activity was [...]
The ultimate risk-taker eyes growth February 24, 2013 Zurich’s boss tells James Waterson how car insurance can pay if there are no crashes MARTIN Senn seems unusually enthusiastic about the impending destruction of a large part of his business. But the mild-mannered chief executive of Zurich is excited about what a world without car crashes would mean for his company’s motor insurance operations. [...]
