Property firms turn to insurers for financing October 23, 2012 PROPERTY developers are turning to insurers for finance as banks become reluctant to lend, according to a report released yesterday. According to research by law firm DLA Piper, the amount of money lent by insurers in the form of UK commercial real estate (CRE) loans will almost double to £52bn over the next five years. [...]
Who’s switching jobs October 23, 2012 BT Dan Fitz has been appointed company secretary of BT Group. He is currently group general counsel, and replaces Andrew Parker. Fitz has also previously served as group general counsel at Misys, and held the same position at Cable & Wireless. BlueBay Asset Management Erich Gerth has been appointed global head of business development at [...]
McCall bullish over Sarries victory October 21, 2012 SARACENS boss Mark McCall is satisfied his side have gained control of Heineken Cup Pool 1 after claiming a second successive victory. The Sarries director of rugby refused to be downbeat despite missing out on a potential bonus point from Saturday’s 30-13 victory over French outfit Racing Metro 92. Charlie Hodgson kicked 15 points while [...]
Best of the Brokers October 18, 2012 AVIVA Morgan Stanley rates the insurer “overweight” and cheers it as one of the key picks in the sector, but has moved its target price from 406p to 404p after fine-tuning earnings forecasts. XCHANGING Panmure Gordon has upgraded the IT and outsourcing firm from “sell” to “hold” and hiked its target from 75p to 115p, [...]
Botica’s boot mitigates Evans injury blow October 14, 2012 HARLEQUINS boss Conor O’Shea is calling for calm after fly-half Nick Evans limped off during Harlequins opening Heineken Cup win over Biarritz, adamant the fly-half will not be sidelined for too long. The 32-year-old was taken off after just 17 minutes of the European clash at the Stoop on Saturday, which Quins went on to [...]
City Moves | Who’s switching Jobs October 11, 2012 Reech AiM Group The international asset management group has appointed Daniel Betts as client services director. He joins Reech from Aviva Investors, where he was most recently client relationship manager. He will oversee all client service functions and will report directly to the chief executive officer Christophe Reech. Scottish Widows Investment Partnership Neil Tong has [...]
Goal thirsty England can enjoy a 7 Up at Wembley October 11, 2012 WITH an international goals-per-game ratio only a little better than Emile Heskey’s seven strikes in 62 appearances for England, it takes San Marino an average of exactly six matches to score. But despite managing to put the ball in an opponent’s net on just 19 occasions in 114 fixtures, the tiny nation can still lay [...]
French champions Toulouse look the value for European glory in competitive Heineken Cup field October 11, 2012 RUGBY’S best northern hemisphere cup competition kicks-off this evening as the strongest sides around battle for the Heineken Cup crown. It’s a grueling seven months and the question on everyone’s mind is whether anyone can stop the formidable Leinster. The defending champions obliterated rivals Ulster in last year’s final 42-14 at Twickenham to bring home [...]
City Views | Do think Cameron’s coalition is on the right track to recovery? October 10, 2012 BILL BLYTHE GRESHAM COMPUTING No, because I think that they should be looking at investing in entrepreneurs, start-ups and young people – like apprenticeship schemes. Lots has been taken out of welfare but I think they need to be severe and take out more. NILESH HINDOCHA AVIVA INVESTORS We’re in a mess at the moment [...]
Aviva ends its sponsorship deal with UK athletics after 13 years October 10, 2012 AVIVA will not renew its 13-year sponsorship of British athletics despite the sport’s increased profile following the Olympic successes of Mo Farah and Jessica Ennis, the insurer said yesterday. The deal expires at the end of the year. UK Athletics has not named a replacement, but recent reports suggested the sport was looking to increase [...]