Shoppers from London and the south east most confident in UK June 25, 2015 CONSUMERS in London are the second most confident in the UK, new figures show, while optimism across the country fell slightly over the last month. The consumer confidence index published today by YouGov and the Centre for Economics and Business Research dropped to a score of 112.1 in June from last month’s 113.7. Despite the [...]
House building up despite fall in the capital June 25, 2015 HOUSE building in London slowed in the run up to May’s General Election, despite an increase across the UK as a whole. The number of new homes registered in Greater London dropped to 7,045 in the three months ending 31 May, according to the figures released today by the National House Building Council. It marks [...]
Sainsbury’s CFO role expanded June 25, 2015 SAINSBURY’S said yesterday it has expanded finance chief John Rogers’ responsibilities to include business development and online as one of the retailer’s senior directors prepares to step down. Helen Buck, who was previously responsible for business development, will be stepping down at the end of July to join wholesaler Palmer and Harvey as chief operating [...]
Baker & McKenzie appoints 40pc women among 83 new partners June 25, 2015 GLOBAL law firm Baker & McKenzie has promoted 83 solicitors to partner, including three in London, bringing the firms’ total number of partners worldwide to 1,500. The firm made the hiring announcement yesterday, pointing out that 40 per cent of the new promotions have gone to women. “I am particularly pleased to see the increase [...]
City regulator slams debt plan firms June 25, 2015 THE CITY regulator yesterday criticised debt management firms for providing advice of “unacceptably low” quality. The Financial Conduct Authority (FCA) found firms were failing to adequately asses customers’ circumstances, not making clear the type of service they provide, and encouraging vulnerable customers’ to buy products which impeded their ability to repay debts. In one case, [...]
Plus 500 scores new deal with atletico Madrid June 25, 2015 Plus 500 has upgraded its deal with Spanish football team Atletico Madrid, to become its main sponsor for the next two seasons, although it could be extended further. It comes as the firm has been scrutinised by the City watchdog over the spreadbetter’s customer recruitment practices. ItPlus 500 scores new deal with atletico Madrid is [...]
London Mayoral hopeful Ivan Massow: Give spare cash from Oyster cards to charity June 25, 2015 Mayoral candidate Ivan Massow wants £75m of unused Oyster card money to be put towards a fund devoted to increasing social mobility in the capital, he told City A.M.. Read more: Did Ivan Massow just become London's most honest Mayoral candidate? Massow also said London would benefit from encouraging a depot system, where [...]
New De La Rue finance chief to join after 2015 annual meeting June 25, 2015 BANKNOTE printer De La Rue has appointed a new finance chief to replace Colin Child, who will step down after the firm’s 2015 annual general meeting. Jitesh Sodha will join the group as chief financial officer and an executive director of the company on 10 August 2015. Sodha most recently worked at Greenergy International, where [...]
Wood Group is ahead of target on savings plan as it warns on finances June 25, 2015 Oil and gas services company Wood Group said yesterday that its financial performance in the first half of 2015 will be down on the same period in 2014, as a result of the “challenging” conditions in the market. The firm said in a trading update that it is making savings “significantly in excess of [...]
Green bank in profit for first time June 25, 2015 The government’s Green Investment Bank (GIB) moved into profit in the past six months, it was revealed yesterday — coinciding with the government’s decision to sell off its £1.4bn stake in the enterprise. At a London review, attended by chancellor George Osborne and business secretary Sajid Javid, the Edinburgh-based institution said it made a profit [...]
