City Moves: Who’s switching jobs in the Square Mile today? September 28, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Aviva Investors Asset management firm Aviva Investors has promoted its former head of liquidity and securities finance as its new head of credit. Based in the capital, Caroline Hedges will lead teams across investment grade and high yield [...]
Aviva Investors has big plans for its newly acquired Hoxton office September 28, 2021 Aviva Investors has snapped up a Grade II listed property in Hoxton as part of the first investment made by the company’s newly launched climate fund. The investment arm of Aviva has today announced its purchase of Curtain House, a five storey Victorian warehouse in the heart of Shoreditch, London’s hub for technology businesses and [...]
City Moves: Who’s switching jobs in the Square Mile today? September 22, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. LEXI Finance appoints former CBRE director Real estate capital advisory LEXI Finance has poached a debt advisory lead and former associate director from commercial real estate and investment firm CBRE. Joining LEXI’s Mayfair office as a [...]
Aviva makes £320m bulk annuity deal with pension fund September 16, 2021 Aviva has today announced the completion of a bulk purchase annuity deal, worth £320m, with the John Laing Pension Fund. John Laing, a manager of infrastructure projects, is an active investor in large transport, social and environmental infrastructure projects and renewable energy projects globally. The transaction marks the second buy-in between the two firms after the [...]
Wave of redundancies looms for older workers as furlough nears end September 14, 2021 Research suggested that 31,000 workers aged 50 or over were made redundant between May and July. Now fears are growing of a wave of redundancies among over 50-year-olds when the Government’s furlough scheme ends. The unemployment rate for 50 to 64-year-olds has increased from 2.8 per cent to 3.4 per cent since the start of [...]
Home office hazards: Shoffices and pizza oven related fires jumped during lockdown August 18, 2021 Insurer Zurich has warned that outbuilding fires – in sheds, garages and conservatories – rose by 16 per cent last year when national lockdowns resulted in a surge in people turning their sheds into offices, or ‘shoffices’. New data revealed through freedom of information requests by insurer Zurich to UK fire authorities have shown that [...]
UK GDP soars in second quarter as Covid unlocking turbo-charges economy : CityAM August 12, 2021 The burst in consumer spending triggered by the gradual lifting of Covid prevention measures in April and May boosted the UK economy in the second quarter, according to fresh official data released today. Figures from the Office for National Statistics reveal the UK economy grew 4.8 per cent in the second quarter of this year, [...]
UK GDP up 4.8 per cent in second quarter : CityAM August 12, 2021 The UK economy grew at a rate of 4.8 per cent in the second quarter, data from the ONS said today, as the bounce back from the coronavirus pandemic continues. As a result, GDP is now 4.4 per cent below where it was in the last quarter of 2019, before Covid-19 struck. Also Read: PwC [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 21, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex-UBS and Canary Wharf Group chiefs join construction-tech firm British construction technology company Modulous has bolstered its London workforce with former Canary Wharf and UBS leads this week. Former director of the Canary Wharf Group Chris [...]
Weekend Read: Job market tension threatens to derail Britain’s economic recovery July 17, 2021 The UK labour market is roaring back to life. After months of being shuttered due to Covid, businesses are finally welcoming customers back through their doors – and ramping up hiring to cope with soaring demand. Companies added 356,000 workers to payrolls over the last month. Total weekly hours worked has reached its highest level [...]