Boards ring the changes with new bosses January 1, 2013 SEVERAL firms including publisher Pearson and insurance group Aviva are ringing in the new year with a change of chief executive. Mark Wilson officially took the reins at Aviva yesterday, replacing Andrew Moss, who was felled by a shareholder rebellion over bonuses last May. New Zealand-born Wilson, who spent four years at the top of [...]
Crowdfunding set to skyrocket in new year January 1, 2013 INVESTMENT via the growing crowdfunding phenomenon is set to double in just two years, experts are predicting. Crowdfunding portals – which see individuals make small investments in companies or projects – will raise $3bn (£1.85bn) in 2013 compared to the $1.5bn raised in 2011, according to research from professional services firm Deloitte. Although it accounts [...]
Stephen Hawking joins battle of price comparison websites January 1, 2013 PRICE comparison website Go Compare yesterday unveiled Professor Stephen Hawking, one of the world’s most renowned physicists, as the star of its new TV advert. The coup is the latest move in an increasingly bizarre marketing war that has come to characterise the booming industry. Hawking, the former Lucasian professor of mathematics at Cambridge University, [...]
WPP moves back to UK today January 1, 2013 FTSE 100 advertising giant WPP will become tax resident in the UK after more than four years in Ireland today, as it sets up a holding company in Jersey. The transfer, approved by shareholders last month, comes after changes to tax law ended the so-called “double taxation” on overseas profits. The move, which sees WPP [...]
Sony stops Japan PS2 production January 1, 2013 Sony has ceased production of the world’s all-time bestselling video games console, the PlayStation 2 (PS2), in Japan, after almost 13 years on sale. The move is bound to heighten speculation that the Japanese electronics giant is ramping up efforts on its next home video console, which will replace the PlayStation 3, although Sony did [...]
Shell drill ship grounds off Alaska January 1, 2013 A large drill ship belonging to oil major Shell ran aground off Alaska on Monday night after drifting in stormy weather, company and government officials said. The ship, the Kulluk, broke away from one of its tow lines on Monday afternoon and was driven to rocks just off Kodiak Island, where it grounded at about [...]
City slicker list cheers beards January 1, 2013 TO usher in a New Year in the City, men’s style bible GQ has compiled a list of 10 best-dressed businessmen for 2013. The Capitalist reckons there will be many City boys out there who fancy themselves as contenders for a spot on the coveted list. But the magazine’s February issue, out tomorrow, has thrown [...]
Santa fills stockings with market board game January 1, 2013 THE Capitalist wonders just how many City stockings were stuffed on Christmas morning with copies of financial board game Market Meltdown? The new toy from Clarendon Games challenges players, in their role as traders, to stay afloat as they move round the board in a private jet and generate cash by spin of the roulette [...]
City Moves for 6 August 2013 | Who’s switching jobs January 1, 2013 White and Case The law firm has announced the appointment of Ross Allardice as partner in its UK and European private equity team. He has 11 years’ experience working with private equity funds, and was most recently at Kirkland & Ellis. Barclays The bank’s corporate and employer solutions division has recruited Sean McGowan to its [...]
Best of the Brokers January 1, 2013 HANSTEEN HOLDINGS Peel Hunt rates the real estate investment trust “buy” and has a 79p target. The broker sees last week’s £60m industrial property acquisition as a classic deal for the firm, with low capital values and high yields coupled with asset management opportunities. VOLVO Morgan Stanley rates the carmaker “overweight” with a target of [...]
