Standard Chartered’s boardroom bloodbath: Chief exec Peter Sands and chairman Sir John Peace are out February 26, 2015 Standard Chartered delighted investors with a boardroom revolution yesterday, announcing the exit of chief executive Peter Sands, chairman Sir John Peace and four other senior directors. The troubled emerging markets specialist had come under increasing pressure to change tack, after the share price fell by half over the last two years. Sands had previously [...]
Don’t let Ireland bend the rules, Haskell warns England February 26, 2015 ENGLAND flanker James Haskell has urged his side to counter Ireland’s attempts to bend the rules in their showdown in Dublin on Sunday, which could determine the destination of the Six Nations title. Like Ireland, the Red Rose boast a perfect championship record so far but have been guilty of sluggish starts and conceded early [...]
Ireland set to equal winning record with victory over England February 26, 2015 HARRY MADLEY PREVIEWS THE CRUNCH SIX NATIONS CLASH AND BEN CLEMINSON LOOKS AT SUNDAY’S FOOTBALL SSINCE being installed as England head coach in 2012, Stuart Lancaster hasn’t managed to guide his team to a Six Nations Championship, let alone a Grand Slam. However, overcoming Ireland on Sunday in Dublin would be a significant step to [...]
Elephant and Castle named the most dangerous junction in London as top 10 cycle hotspots revealed February 25, 2015 The 10 worst hot spots for cyclists in London have been identified – and Elephant and Castle has been named the most dangerous junction in the capital. There have been 80 accidents between motorists and cyclists reported to police between 2009 and 2013, topping the list of locations surveyed by insurance giant Aviva. The next [...]
Aviva Investors fined £17.6m by financial regulator over conflicts of interest failings February 24, 2015 Aviva has been slapped with a multi-million pound fine by the City regulator over failings in its asset management business. The Financial Conduct Authority has ordered Aviva Investors to pay £17.6m for failing to employ the correct risk management systems and controls which resulted in conflicts of interest not being managed fairly. “Ensuring that conflicts [...]
Goode ready to face Ireland after Brown suffers concussion setback February 23, 2015 SARACENS full-back Alex Goode looks set to start England’s pivotal Six Nations showdown with Ireland in Dublin on Sunday after Mike Brown suffered a setback in his recovery from concussion. Harlequins No15 Brown was knocked unconscious in a collision with Italy centre Andrea Masi at Twickenham in England’s last clash but appeared on course to [...]
Best of the Brokers for 19 February 2015 February 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com AVIVA Berenberg has reiterated its “sell” recommendation for insurer Aviva. Analyst Matthew Preston says: “Just 24 per cent of the reduction in business unit operational costs has made its way through to Aviva’s operating profit, while cash generation has also remained lacklustre.” LEGAL [...]
City Moves for 17 February 2015 | Who’s switching jobs February 16, 2015 KPMG The professional services firm appoints Ken Hall as partner and Curtis Baron as director to its UK security and business resilience practices. Hall joins from Wipro, and has over 25 years of IT experience. Baron joins from RBS, where he was group head of Resilience. Linklaters Matt Peers has been appointed as the law [...]
Nick Hewitt: AA executive at heart of firm’s purchase and float on sick leave January 26, 2015 AA executive director Nick Hewitt is taking a leave of absence from the company due to ill health, the roadside assistance firm announced yesterday. A statement from chairman Bob Mackenzie said Hewitt will be obtaining essential medical treatment until further notice, but is expected to be absent for at least three months. “We wish Nick [...]
Davos 2015 World Economic Forum: Top execs gather for grand old Duke of York January 22, 2015 It takes a lot to overshadow a quantitative easing programme on the scale of the one announced by the European Central Bank yesterday, but the Duke of York’s private life somehow managed it. Squeezed eight-deep into the Salon Rotary at the Belvedere Hotel, bosses from BP, Citi, Marks & Spencer and Diageo turned up to [...]