Charles Stanley’s £6m swing into the red June 18, 2015 Wealth management firm Charles Stanley started the arduous task of trying to turn around the business yesterday after revealing a £6m full year loss. The company, which traces its roots back about 200 years, saw a £6.1m profit last year evaporate to a £6.1m loss for the year ending March 2015, due to higher staff [...]
Aviva will shut three UK offices by end of 2016 June 15, 2015 INSURER Aviva is to close three of its UK offices by the end of 2016, as part of the integration with Friends Life. The group confirmed yesterday that it will shut its operations in Salford, Salisbury and Stretford, and will reduce its presence in Dorking, Exeter and Manchester. The firm’s core UK locations will be [...]
Aviva to cut hundreds of jobs in Manchester area as part of cost-cutting plan June 15, 2015 Aviva will cut hundreds of jobs in the Manchester area over the next 18 months as it closes offices in Stretford and Salford. Following the £5.6bn takeover of rival Friends Life, the insurer has embarked on a cost-cutting plan to deliver £225m in savings to its business by the end of 2017. On top of [...]
Insurance giant Aviva to slim down with sale of property debt June 14, 2015 Aviva, the FTSE 100 insurance firm, is said to be selling off property loans to the value of billions of pounds. One source familiar with the matter told City A.M. that big four audit firm Deloitte is currently working with Aviva. The property debt reportedly includes loans secured against House of Fraser’s department store in [...]
England set for scrap in Slovenia as they search for six wins on the spin June 11, 2015 BEN CLEMINSON LOOKS AT THE EURO 2016 QUALIFIERS HAVING won all five of their European Championship qualifiers to date, England are well-fancied to add a sixth victory against Slovenia on Sunday night. They have also beaten their opponents in their three previous meetings. Any repetition will see them go nine points clear at the top [...]
International Friendly: Hodgson keeps faith in contract rebel Sterling June 7, 2015 ENGLAND boss Roy Hodgson insists he has no qualms about selecting Liverpool forward Raheem Sterling despite admitting the ongoing furore surrounding his refusal to sign a new contract at Anfield is affecting his performances. Sterling, who has rejected a deal worth £100,000 a week, failed to make an impact during England’s drab goalless draw against [...]
Financial Conduct Authority names Mark Steward as new top enforcer June 5, 2015 The Financial Conduct Authority (FCA) has appointed Mark Steward as the new director of enforcement and market oversight. Steward joins from his position as head of enforcement at the Hong Kong Securities and Futures Commission, and will step into the shoes of Tracey McDermott, who was recently promoted to head of the supervision division. Read [...]
City Moves for 01 June 2015 | Who’s switching jobs May 31, 2015 Aviva Investors The asset management firm has appointed James Tothill as head of third party sales. He joins from Aria Capital Management, where he was head of strategic partnerships. Tothill has also previously worked as head of global partnerships at Henderson Global Investors. State Street Effie Datson has been appointed global head of product for [...]
The London Powerhouse: Universities are at the heart of the capital’s success May 28, 2015 Dreaming spires and cloistered courtyards: the image of Oxbridge has for centuries defined excellence in Britain’s global higher education offering. But in the twenty-first century, it is London’s elite universities that are tearing up the script. Last September, Imperial College shared second place with Cambridge in the QS World University Rankings, with Harvard just [...]
29 May on this day May 28, 2015 2004: Bath made their last appearance in a big Twickenham game, losing the Premiership final to Wasps 10-6. Bath had been England’s dominant club side for over a decade, winning 10 cup finals in 13 years from 1984 and six league titles in six years from 1989. Here Simon Shaw consoles his England team-mate Mike [...]