David Shaw to chair Mayfair’s Pollen Estate July 5, 2015 MAYFAIR landlord The Pollen Estate has appointed the head of The Crown Estate’s Regent Street portfolio, David Shaw, as chairman. The Pollen Estate owns 43 properties on some of London’s most sought-after shopping streets including Savile Row and Bond Street, with tenants including jeweller Chopard. It has some 120 beneficiaries, including The Crown Estate, which [...]
CMA vs Ofgem: Competition watchdog to report findings from energy market review July 5, 2015 The Competition watchdog will publish the provisional findings of its energy market investigation tomorrow, in which it is expected to slam rival regulator Ofgem over a failure to promote competition in the market. The Competition and Markets Authority (CMA) began looking at the UK energy market in June last year, after a referral by [...]
Genel to name chief exec Tony Hayward as chairman July 5, 2015 Former BP boss Tony Hayward is expected to take up the role of chairman at Genel Energy, where he is currently chief executive, in a move that could fly in the face of corporate governance issues. Hayward, who left BP in the wake of the Gulf of Mexico oil spill, has led Kurdistan-focused Genel since [...]
UK is contactless capital of world due to the Tube as payment limit to hit £30 July 5, 2015 Over one billion contactless Visa card payments were made in Europe alone in the last 12 months, double the previous year, in transactions worth a total of €12.6bn (£8.9bn). The UK is leading the trend, with 49.6m contactless Visa cards in circulation, an increase of 37 per cent from March 2014. Britain has [...]
Aim-listed companies leaving junior index hits three year high July 5, 2015 The junior stock market has had a net loss of 29 companies in the first two quarters of 2015 – its biggest for three years. The Alternative Investment Market (Aim) shrank by 27 companies in 2012 but even more left the index this year. Last year the market grew by four companies. Accountancy firm UHY [...]
Law firm mergers drop as partners focus on growth-driven takeovers July 5, 2015 Mergers between law firms decreased by 11 per cent last year, with the number of deals taking place in the UK dropping to 174 from 196 in 2013. This is 30 per cent lower below the 247 mergers seen in the industry in 2011. Finance provider LDF, which sponsored the research, said an increasing number [...]
London and the south east offer more job chances for graduates July 5, 2015 JOB OPPORTUNITIES for graduates have grown this year, with 62,750 entry level jobs across the UK listed in June 2015 – a 15.7 per cent increase on 2014. According to new research from the jobs database provider Adzuna, 50 per cent of those jobs are in London and the south east. Figures from the Office [...]
City Moves for 06 July 2015 | Who’s switching jobs July 5, 2015 SEI The investment firm has appointed Andrew Booker as head of sales within its private banking business. He joins from Brown Brothers Harriman & Co, where he held roles in sales, relationship management and strategic planning. Booker has also held senior roles at JP Morgan Private Bank. Countrywide Samantha Tyrer has been appointed managing director [...]
Best of the Brokers for 06 July 2015 July 5, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com 888 Canaccord Genuity raised its rating for the online casino company to “buy” from “hold”. 888 reports results in late August, and while declining profits are expected by Canaccord, the broker expects that the underlying picture will be much more positive. SERCO Berenberg [...]
House builders’ reports will be corporate focus – London Report July 5, 2015 THE EMERGENCY Budget on Wednesday will see chancellor George Osborne pressing ahead with major cuts to welfare and government departmental spending. However, economists have said that the Budget is unlikely to bring with it any major change in economic policy. Instead, the main focus of Osborne’s speech on Wednesday will be around the £12bn of [...]
