City Moves for 24 October 2014 | Who’s switching jobs October 23, 2014 Johnson & Johnson The health and beauty products maker has appointed Yana Ignatova as head of marketing for northern Europe. Prior to joining the firm, Ignatova spent 17 years at Proctor & Gamble, where she held a senior marketing position. Aviva Investors Charlie Diebel has been appointed head of rates strategy by the asset management [...]
Kingston’s Bentall Centre up for grabs with £200m-plus price tag October 16, 2014 Bentall shopping centre in Kingston upon Thames has been put up for sale after one of its owners appointed advisers to sell its 50 per cent stake, with a price-tag of around £200m. It is one of the busiest malls in Greater London, with 700,000 square feet of space and 14m visitors a year from [...]
City Moves for 17 October 2014 | Who’s switching jobs October 16, 2014 Savills The real estate advisory firm has appointed Jim Wickens as a director in its London-based building and project consultancy team. He has more than 20 years’ experience, and joins from Cluttons. Wickens has also previously held roles at Broadgate Estates, Drivers Jonas and Bucknall Austin. Aviva Investors The asset manager has announced two appointments [...]
Eurozone fears pull down FTSE to one-year low – London Report October 9, 2014 THE FTSE 100 yesterday hit its lowest level for a year after early gains fell away in a broad-based sell-off as investors became anxious about signs of serious weakening in the Eurozone economy. The blue-chip index, which hit 6,544 points in morning trading, due mainly to a rise in mining shares, ended the day down [...]
City Moves for 9 October 2014 | Who’s switching jobs October 8, 2014 Fidelity Worldwide Investment Peter Horrell has been appointed managing director of the investment firm’s UK business. He has spent the past 24 years at Barclays, where he was most recently chief executive of wealth and investment management. Sovereign Land The retail and leisure developer and asset management firm has appointed Luke Winstanley as senior analyst. [...]
Electra share price drops as shareholders fend off activist investor Edward Bramson and Sherborne Investors October 6, 2014 Electra shareholders have fended off a bid by activist investor Edward Bramson to join the private equity fund’s board at its annual general meeting today. The move sent shares in Electra down almost two per cent this morning. Bramson’s Sherborne Investors had sought backing for reform of the group, with the elusive investor telling shareholders [...]
City Moves for 26 September 2014 | Who’s switching jobs September 25, 2014 PwC The professional services firm has appointed Simon Hampton to lead its real estate deals practice. He joins from Jefferies, where he was head of real estate, gaming and lodging. Hampton has also held senior positions at Bank of America Merrill Lynch. Alliance Trust Peter Michaelis has been appointed head of equities at the savings [...]
Barclays’ Antony Jenkins needs to perform soon – Bottom Line September 23, 2014 Another day, and another fine for Barclays. The FCA’s £38m fine on the bank for failing to protect its clients from the risk of loss will not substantially weaken Barclays financially. Nor will it impact on the authority of chief executive Antony Jenkins since the failings occurred before his appointment. Jenkins, however, must be feeling [...]
AA executive chairman Bob Mackenzie: From fly rods to flywheels September 23, 2014 When father-of-five Bob Mackenzie isn’t using his spare time to watch his children’s various sporting fixtures, he likes to relax with a fly-fishing rod. “We had a quiet period in August last year when we were looking at buying the business so I spent a month fishing,” he says. “I fish on the River Test [...]
Bramson shows hand on Electra bid September 17, 2014 The boadroom showdown at Electra Private Equity turned up a notch yesterday as activist shareholder Edward Bramson enticed shareholders by pledging to double the share price. Bramson slammed the Electra board’s lack of commercial experience and below-par performance in a letter to shareholders and pushed for heads to roll at a 6 October shareholder’s meeting. [...]