Barclays on Jes Staley appointment: “We haven’t hired a new chief executive yet” October 13, 2015 Almost 24 hours after it was first hinted at, Barclays has finally issued a statement – insisting it hasn't hired Jes Staley as its new chief executive. In a stock market notification today, it said the process of hiring a new boss "has not yet concluded", adding that the company "will provide a further update [...]
What is the etiquette on bankers dating each other? October 13, 2015 Dating is a minefield at the best of times, but can be an absolute nightmare for those in the City. Long hours and heavy workloads mean that bankers rarely meet anyone outside of the world of finance, but what is the etiquette around dating in the workplace? While there aren’t any specific rules on dating [...]
Barclays close to appointing Jes Staley as new chief executive, reports October 12, 2015 Barclays is to announce its new chief executive as Jes Staley, according to reports. As John McFarlane, Barclays' chairman, looks to address shareholders' concerns about the institution's investment banking arm, those familiar with the matter have suggested that Antony Jenkins' successor could be announced within the next two weeks. Read more: Barclays share price climbs after board [...]
City Moves for 13 October 2015 | Who’s switching jobs October 12, 2015 CITY NOBLE The pensions and investment advisory firm has appointed Mike Webb as associate in its advisory business. He was previously head of distribution and marketing for the Axa corporate investment platform, and senior business development manager in Standard Life’s corporate pensions division. CBRE The commercial real estate services and investment firm has appointed Milan [...]
Best of the Brokers for 12 October 2015 October 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Greene King, the 200-year-old Suffolk brewery, needs to cut its combined brand portfolio of 16-17 to six or seven to ensure medium-term success, analysts at Canaccord Genuity said. They reiterated their “buy” recommendation, but lifted their target price of 850p to 1,050p. Following [...]
Boris Johnson is heading on a trade trip to Japan to promote fintech and life science investment… and the Rugby World Cup October 11, 2015 The London mayor Boris Johnson is heading east to promote investment in the capital's fintech and life sciences sectors on a new trade trip to Japan. The out-going mayor is seeking to tie up new deals between the countries in tech innovation and life sciences, as well as retail, in a bid to increase the £950m pumped into the capital [...]
Bank’s decision to hold rates helps FTSE rise – London Report October 9, 2015 THE BANK of England’s decision yesterday to keep interest rates at record low levels contributed to rises in the blue-chip FTSE 100 index. A continuing surge in energy and mining shares also helped the index to maintain a run of rises. The FTSE 100 ended 0.6 per cent stronger at 6,374.82 points, outperforming major European [...]
Best of the Brokers for 08 October 2015 October 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com OLD MUTUAL Barclays upgraded the insurer from an “equal weight” rating to an “underweight” rating, noting that operations are “robust” across the firm;s key business units. The broker added that Old Mutual “offers attractive emerging market growth superior to most European peers, [...]
Blending business and technology to make part-time MBAs accessible October 8, 2015 Imperial College Business School’s part-time MBAs offer new formats to fit around busy professional lives PART-TIME MBAs are becoming increasingly popular, fuelled by rapid technological advancement at leading business schools and students’ determination not to let go of an already successful career. The benefits of completing a part-time MBA are vast. You will achieve all [...]
City Moves for 08 October 2015 | Who’s switching jobs October 7, 2015 EDMOND DE ROTHSCHILD GROUP The asset manager and private bank has appointed David Chamberlain as head of investor relations for private equity. He has served for the past 10 years as chairman and managing partner of Capstone Partners. Chamberlain also previously spent 17 years at Unigestion in Geneva, where he was successively finance director and [...]