City Moves for 04 July 2014 | Who’s switching jobs July 3, 2014 Saffron Tax Partners The tax partnership has appointed Nicholas Hughes as partner. He qualified as a solicitor in 1984, and was previously a partner at BDO. Hughes is also a former director at the Chiltern Group, and advises private clients in relation to trust and estate planning matters. Invesco Perpetual The investment manager has announced [...]
City Moves for 03 July 2014 | Who’s switching jobs July 2, 2014 BLM The risk and insurance law firm has appointed Guy Munnoch as special and strategic adviser to its executive board. He is a former chief executive of Zurich Southern Africa and Zurich UK, and has also held positions at Aviva and Allianz. Lloyds Bank Commercial Banking Marc Denjean has been appointed managing director, head of [...]
Aviva Investors boss Euan Munro plots revival of firm’s fortunes July 1, 2014 Aviva Investors’ new boss yesterday unveiled plans to recreate the success of a £21bn superfund he ran for rival Standard Life, in a bid to revive his new firm’s battered fortunes. Euan Munro, who joined Aviva in January to turn the faltering venture around, said three new funds launched yesterday could more than [...]
Aviva Igloo Fund’s Bermondsey Square up for sale for £34m June 26, 2014 Aviva’s Igloo Fund has appointed property agents Knight Frank to put its mixed-use development in Bermondsey up for sale, with a price tag of £34m. The development at Bermondsey Square is already fully let and includes an 80-bed boutique hotel as well as 35,000 square feet of offices, shops and 76 homes. It also has [...]
Best of the Brokers for 25 June 2014 June 24, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com AVIVA UBS has downgraded Aviva to “neutral” from “buy”, also cutting the target price to 524p from 570p. The broker believes that Aviva is no longer the compelling restructuring that a premium valuation deserves, with structurally lower reserve growth in its life insurance [...]
Ride of the Lions crew feel the pride on Triple Crown charity bike ride June 16, 2014 Cycling from Melbourne to Sydney with the match ball between the Lions’ 2nd and 3rd test matches last year wasn’t quite enough for the team behind Ride of the Lions – the intrepid crew of ex-Lions rugby players wanted to do it again this year (but thankfully in cooler climes). This Friday some 40 riders [...]
AA races ahead with plans for £1.4bn flotation June 6, 2014 BRITAIN’S largest car insurer and roadside recovery firm, the AA, yesterday confirmed its intention to list on the London Stock Exchange in the second half of this month. The company’s current private equity owners want to sell off the stock to a buy-in team, backed by institutional investors, who will then take it public. They’ll [...]
AA confirms plans to float at £1.4bn valuation June 6, 2014 Britain's largest car insurer and roadside recovery firm, the AA, has confirmed its intention to list on the London Stock Exchange in the second half of June. The company's current private equity owners want to sell off the stock to a buy-in team, backed by institutional investors, who will then take it public. They'll be [...]
Eating lunch at your desk could be risking your health, says new report June 6, 2014 Both workers and employers are being urged to end Britain's culture of eating lunch al desko to safeguard health. According to the Chartered Society of Physiotherapy (CSP), a lack of activity during your lunch hour can result in ill-health, leading to more time taken off work over the long run. The study of 2,000 people found [...]
Activist ups its stakes in bid to sue Lloyds Bank June 5, 2014 ACTIVIST investor Crystal Amber will reportedly up its stake in NBNK Investments, the vehicle which lost out during the auction of Lloyds Bank’s 630 branches in 2012, in a move to pursue legal action against the bank. NBNK has lined up law firm Stewarts Law to take legal action against Lloyds, which chose the Co-operative [...]