City Moves for 20 August 2015 | Who’s switching jobs August 19, 2015 PwC The professional services firm has announced several appointments to its corporate finance deals team. Jon Shelley (pictured) becomes an equity partner. He joined as a graduate in 2002 and works out of its Aberdeen Centre of Excellence for Oil and Gas. Gareth Marshall and Charlotte Tracy, both from PwC’s Northern practice, become directors. Finally, [...]
Pocket money inflation exceeds parent wage hikes August 18, 2015 Bad news for working parents: the average allowance for UK youngsters is growing at an unprecedented rate, and it’s even outstripping their parents’ wage growth this year. Average pocket-money for eight-15 year olds has soared by 448 per cent in nearly 30 years, compared with just a 193 per cent increase in parents’ income over [...]
City Moves for 18 August 2015 | Who’s switching jobs August 17, 2015 Investec Roger Lee has been appointed to the bank’s large cap pan-European sales team. He joins from Macquarie, where he was first responsible for leading the development of its global sales platform in Asia and the Middle East, and subsequently relocated to London to develop its UK and European long-only coverage. Lee has over 20 [...]
Bob Diamond snaps up stake in New York trading outfit South Street August 16, 2015 Former bank chief turned investor Bob Diamond has snapped up a stake in New York-based repo-trading outfit South Street Securities, diversifying his portfolio since his exit from Barclays three years ago. Diamond, who was pressured to bow out of Barclays in the wake of the Libor scandal, has been actively engaged in his emerging markets [...]
Nomura opens doors for disengaged kids August 16, 2015 DISADVANTAGED kids celebrated a victory this weekend as investment bank Nomura hosted a graduation ceremony in their own offices for those enrolled in a rigorous programme from education charity ThinkForward. The course has a big City backing, including from Barclays, EY, ICG, Credit Suisse, JP Morgan and UBS. Go team! ■ WANT to see something [...]
HSBC, Barclays and RBS among nine banks signing up to $2bn US foreign exchange settlement August 14, 2015 Nine banks including HSBC, Barclays and Royal Bank of Scotland (RBS) have agreed a $2bn (£1.3bn) settlement with US investors over currency rigging-accusations. Goldman Sachs, BNP Paribas, Bank of America, JP Morgan, Citibank and UBS also signed up to the deal, according to lawyers negotiating on behalf of the investors. A statement by law firm [...]
Nomad spends £500m on Birds Eye fish fingers August 13, 2015 BIRDS EYE owner Nomad Foods yesterday purchased the continental European operations of Findus Group for £500m, adding to its growing stable of frozen-food producers. The purchase from investors including Lion Capital, Highbridge Capital and Sankaty Advisors comes four months after Nomad agreed to purchase Iglo Foods Holdings, the maker of Birds Eye frozen vegetables and [...]
Career boost: Why an MSc will help give you the edge – you’ll benefit from specialised electives and startup support August 13, 2015 In today's competitive climate, there has never been a better time to consider graduate study. A globalised market and grade inflation means that an undergraduate qualification may simply no longer be sufficient, says Mark Taylor, dean of Warwick Business School. In 2013, the Sutton Trust found that “there is a significant wage premium for those [...]
How businesses are using crowdfunding in their CSR strategy: The evolving relationship between platforms and corporates August 13, 2015 Crowdfunding has democratised investing and made it more efficient. But the landscape has evolved significantly. Once dominated by platforms simply enabling people to make donations to causes, debt-based crowdfunding is now by far the largest subsector, and fashionable equity gets a lot of airtime. But despite less exposure these days, the original donation-based crowdfunding is [...]
Oxford so passe August 13, 2015 STUDENT satisfaction remains undented by higher fees, according to yesterday’s national survey, but more surprising are the unis making students happiest. Concerned your offspring didn’t get the right A-levels for international relations at Durham today? Don’t worry, topping the survey were lesser-known schools from Keele to Surrey. Oxbridge certainly seems to dominate the business landscape, [...]